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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office buildings
1st Smt Ave Ste D3, Oakbrook Terrace, IL 60181-3951
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-2270166
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
1,379 SF
Lot
1.7 ac (74,052 SF)
Zoning code
C
APN
06-22-113-015
UPID
US28-2270166
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
$310k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Novacare Realty LLC · 1 yrs held
Novacare Realty LLC
since 2024
Last sale
$505,000
4 recorded transactions
Zoning & alternative use
C · Oakbrook Terrace, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$490,000
+118.1%
Medical building
$310,000
+38.8%
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 Oakbrook Terrace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakbrook Terrace 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
$505,000
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
$340,000
6.5%
$310,000
7%
$290,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$490,000
Change: +118% · Conversion: Difficult
MEDICAL BUILDING
$310,000
Change: +39% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $505k (Oct 23 2024)
Last sale anchor
$505k
Oct 23 2024
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
$366 / 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
$3,120
Tax year 2023
Assessed value
$53,450
Assessed 2023
Previous assessed
$50,860
+5.1% YoY
Effective rate
5.84%
On assessed value
Assessed land
$8,020
Assessed improvement
$45,430
Land market value
$24,060
Improvement market value
$136,290
Total market value
$160,350
Applied tax rate
6,062.0000
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
1985
Heating
NONE
Total area
1,379 SF
Lot
1.7 ac (74,052 SF)
Zoning code
C
APN
06-22-113-015
UPID
US28-2270166
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Oakbrook Terrace, IL
Zoning C · permitted uses
C · Oakbrook Terrace, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oakbrook Terrace. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$490,000
MEDICAL BUILDING
Est. value
$310,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1985
Heating
NONE
Lot
1.7 ac
Current owner
From public records · entity-resolved
Novacare Realty LLC
Entity
Mailing address
1ST SMT AVE STE C1, OAKBROOK TERRACE, IL 60181-3948
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2024
$505,000
Novacare Realty LLC
Interplan Capital Obt LLC
Deed
$2,557 · Central Savings Bank
Jul 18, 2019
—
Interplan Capital Obt LLC
—
Deed
related
$300,000 · Boyce David G Trust (rt)
Jun 26, 2019
$352,000
Interplan Capital Obt LLC
Trust No 11201
Grant Deed
—
—
—
Interplan Capital Obt LLC
—
Deed Of Trust
related
$300,000 · Boyce David G Trust (rt)
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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