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Property profile & analytics
OFF-MARKET
Estimated value
$5,685,000
Turn key restaurants
1410 16th St, Oak Brook, IL 60523-1307
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-2990595
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1994
Total area
8,160 SF
Lot
0.48 ac (20,909 SF)
Zoning code
C
APN
06-23-102-033
UPID
US28-2990595
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
J. Alexander's Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.69M
Owner & transaction history
Broadstone Jax Portfolio LLC · 4 yrs held
Broadstone Jax Portfolio LLC
since 2022
Last sale
$5.8M
7 recorded transactions
Zoning & alternative use
C · Oak Brook, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Oak Brook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Brook submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,595,000
ML approach
$5,570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.69M
Range $5.12M – $6.25M · ±10% · vs last sale $5.79M (Apr 6 2022)
Last sale anchor
$5.79M
Apr 6 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$697 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$31,365
Tax year 2023
Assessed value
$712,410
Assessed 2023
Previous assessed
$677,960
+5.1% YoY
Effective rate
4.40%
On assessed value
Assessed land
$156,490
Assessed improvement
$555,920
Land market value
$469,470
Improvement market value
$1,667,760
Total market value
$2,137,230
Applied tax rate
6,065.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1994
Heating
NONE
Total area
8,160 SF
Lot
0.48 ac (20,909 SF)
Zoning code
C
APN
06-23-102-033
UPID
US28-2990595
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Oak Brook, IL
Zoning C · permitted uses
C · Oak Brook, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oak Brook. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Lot
0.48 ac
Current owner
From public records · entity-resolved
Broadstone Jax Portfolio LLC
Entity
Free & Clear · 4 yrs held
Mailing address
19219 KATY FWY STE #500, HOUSTON, TX 77094-1053
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2022
$5,785,000
Broadstone Jax Portfolio LLC
Db Jaxre LLC
Special Warranty Deed
—
Oct 8, 2021
$5,589,500
Db Jaxre LLC
Jax Real Estate LLC
Special Warranty Deed
$59,900,000 · Wells Fargo Bank NA
Aug 13, 2020
—
J Alexanders LLC
—
Deed
related
$16,000,000 · Pinnacle Bk
Dec 4, 2002
—
Volunteer Capital Corp
Alexanders Corp
Grant Deed
related
—
—
—
Jax Real Estate LLC
—
Loan Modification
related
$30,000,000 · Pinnacle Bk
—
—
Jax Real Estate LLC
—
Deed Of Trust
related
$3,575,000 · Ge Capital Franchise Finance
—
—
J Alexanders LLC
—
Loan Modification
related
$16,000,000 · Pinnacle Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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