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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Office buildings
1616 Roosevelt Rd, Wheaton, IL 60187-6850
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-0451011
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Total area
6,622 SF
Lot
0.32 ac (13,939 SF)
Zoning code
C
APN
05-22-103-019
UPID
US28-0451011
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
-
Kara Handy Counselor Practitioner Service Location
-
Stenzel Jennifer L Counselor Doctor
-
Witt Meagan S Physician
-
Lauren A. Axton, PsyD Medical Clinic
-
Leigh Grimberg Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.50M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.34M
Owner & transaction history
Garold Leasing Services LLC · 6 yrs held
Garold Leasing Services LLC
since 2019
7 recorded transactions
Zoning & alternative use
C · Wheaton, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+94.3%
Medical building
$1.5M
+40.7%
Retail stores
$1.4M
+34.6%
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 Wheaton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wheaton 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,625,000
6.5%
$1,500,000
7%
$1,390,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,060,000
Current use
RESTAURANT
$2,060,000
Change: +94% · Conversion: Moderate
MEDICAL BUILDING
$1,490,000
Change: +41% · Conversion: Easy
RETAIL STORES
$1,425,000
Change: +35% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,390,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±10%
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
$202 / 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
$20,459
Tax year 2023
Assessed value
$302,740
Assessed 2023
Previous assessed
$262,630
+15.3% YoY
Effective rate
6.76%
On assessed value
Assessed land
$59,070
Assessed improvement
$243,670
Land market value
$177,210
Improvement market value
$731,010
Total market value
$908,220
Applied tax rate
5,012.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1963
Heating
NONE
Stories
1
Total area
6,622 SF
Lot
0.32 ac (13,939 SF)
Zoning code
C
APN
05-22-103-019
UPID
US28-0451011
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Wheaton, IL
Zoning C · permitted uses
C · Wheaton, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wheaton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
RESTAURANT
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Heating
NONE
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Garold Leasing Services LLC
Entity
Mailing address
PO BOX 18, WHEATON, IL 60187-0018
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2019
—
Garold Leasing Services LLC
—
Deed
related
$516,000 · Small Busn Growth
Oct 8, 2019
$1,250,000
Garold Leasing Services LLC
Ohft Cardiff Mollison LLC
Warranty Deed
$625,000 · Jpmorgan Chase Bank NA
Feb 2, 2016
—
Ohft Cardiff Mollison LLC
Ohale Family Trust
Quit Claim Deed
related
—
Mar 23, 2005
$1,900,000
Ohale Family Trust
Magellan One
Warranty Deed
—
Apr 28, 2004
—
Magellan One LP
Crowe,tr
Quit Claim Deed
related
—
Apr 3, 2003
—
Crowe,tr
Crowe Real Estate INC
Quit Claim Deed
related
—
Jul 11, 2001
$1,750,000
Crowe Real Estate INC
Fleischman,donald J & Carl
Grant Deed
$1,000,000 · Community Bank Wheaton Glen El
Apr 18, 2000
$1,275,000
Donald J Fleischman
Mannion,james A & Meta E
Grant Deed
$993,750 · Private Bank & Trust Co
Oct 21, 1999
$860,000
Quality Properties Manco
Firstar Bank Illinois Trustee
Grant Deed
$774,000 · Harris Bank Naperville
—
—
Garold Leasing Services LLC
—
Deed Of Trust
related
$516,000 · Small Busn Growth
—
—
Crowe,tr
—
Deed Of Trust
related
$1,038,884 · Community Bank Wheaton Glen El
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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