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1415 W 22Nd St, Oak Brook, IL 60523
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Property summary
AI-generated overview
Oak Brook Regency Towers offers exceptional Class A office space in two 13-story buildings totaling 220,860 square feet. Located at 1415 W 22nd St, Oak Brook, IL 60523, this prestigious property boasts a prime location near Oakbrook Center mall, hotels, and numerous amenities. The complex features a three-level covered parking garage with 1000 spaces, a renovated fitness center, a state-of-the-art conference facility, a full-service bank, a sundry store, and a new restaurant. Each building showcases an elegant domed rotunda lobby. Suites range from 1,572 to 17,292 contiguous square feet, with 82,014 square feet currently vacant. The property, built in 1976, offers multiple tenancy options and is conveniently located near Route 83, providing easy access to transportation and major thoroughfares. Tenants benefit from the vibrant Oak Brook business community and its supportive Chamber of Commerce. Elevators are available in both buildings. This is an unparalleled opportunity to secure high-quality office space in a thriving business environment.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Total area
442,326 SF
Lot
12.47 ac (543,193 SF)
Zoning code
C
APN
06-26-100-009
UPID
US28-0459613
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Professional Services
-
Bank
-
(Bike/Boat/Book/etc) Store
-
Industrial Manufacturer Factory
-
IT Consulting Firm (Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.24M
Owner & transaction history
since 2011
2 recorded transactions
Zoning & alternative use
C · Oak Brook, IL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$13.24M
Value range
$11.92M – $14.56M
±10% around blend
Estimated value / SF
$30 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$11.92M
blend $13.24M
$14.56M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
442,326 SF
Lot area
12.47 ac
Year built
1976
APN
06-26-100-009
Zoning
C
Assessed value
$16,165,250
Annual tax
$624,059
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$624,059
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$13.24M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 29 sales
$210
-86%
Submarket 31 sales
$226
-87%
County 298 sales
$179
-83%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $30/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$43.50M
Move the market yield to see immediate price impact.
Value / SF
$98
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2.74M
$54.82M
$39.15M
$30.45M
$3.05M
$60.91M
$43.50M
$33.84M
$3.35M
$67.00M
$47.85M
$37.22M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$624,059
Tax year 2023
Assessed value
$16,165,250
Assessed 2023
Previous assessed
$18,548,130
-12.8% YoY
Effective rate
3.86%
On assessed value
Assessed land
$4,067,550
Assessed improvement
$12,097,700
Land market value
$12,202,650
Improvement market value
$36,293,100
Total market value
$48,495,750
Applied tax rate
6,143.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1976
Heating
NONE
Total area
442,326 SF
Lot
12.47 ac (543,193 SF)
Zoning code
C
APN
06-26-100-009
UPID
US28-0459613
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Oak Brook, ILZoning C · permitted uses
C · Oak Brook, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Lot
12.47 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C
Jurisdiction
Oak Brook, IL
Recorded code
C
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C in Oak Brook, IL.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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