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Property profile & analytics
OFF-MARKET
Office buildings
1829 Oakton St, Des Plaines, IL 60018-2111
Entity Owned
~
Est. High Equity
Property ID
US28-0198624
Property summary
AI-generated overview
This is a solid brick, one-story building featuring 3,200 square feet of space and a 10-car parking lot. The property is zoned to allow for a range of potential uses, including offices, medical facilities, child care centers, retail spaces, studios, and showrooms in the front, with warehouse space in the rear.
Property profile
Verified
Property type
Office buildings
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Lot
0.07 ac (3,125 SF)
APN
09-28-104-007
UPID
US28-0198624
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
-
Starkey Headset Group Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1829 Oakton LLC
1829 Oakton LLC
since 2025
Last sale
$425,000
5 recorded transactions
Zoning & alternative use
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 Des Plaines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Des Plaines 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$7,550
Tax year 2022
Assessed value
$29,343
Assessed 2022
Previous assessed
$27,676
+6.0% YoY
Effective rate
25.73%
On assessed value
Assessed land
$10,937
Assessed improvement
$18,406
Land market value
$43,748
Improvement market value
$73,624
Total market value
$117,372
Applied tax rate
22,274.0000
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
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Heating
NONE
Stories
1
Lot
0.07 ac (3,125 SF)
APN
09-28-104-007
UPID
US28-0198624
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
1829 Oakton LLC
Entity
Mailing address
1106 S HOME AVE, PARK RIDGE, IL 60068-4334
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2025
$425,000
1829 Oakton LLC
Roger Merriman
Warranty Deed
$340,000 · Byline Bank
Sep 12, 2018
$412,500
Roger Merriman
Rcm & Associates LLC
Warranty Deed
—
Sep 12, 2018
—
Rmc & Associates LLC
Rmc & Associates LLC
Quit Claim Deed
related
—
Sep 26, 2005
$500,000
Rcm & Associates LLC
Aivaz,shavel & Jolanta
Warranty Deed
$400,000 · J P Morgan Chase Bank
Jul 15, 2003
$245,000
Shavel Aivaz
Bredar,june
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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