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Property profile & analytics
OFF-MARKET
Estimated value
$49,035,000
Investment properties
2 Oakbrook Ctr Oak Brook, IL 60523-1810
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US28-1772530
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1996
Total area
240,678 SF
Lot
19.83 ac (863,795 SF)
Zoning code
C
APN
06-23-300-022
UPID
US28-1772530
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
-
Sears Appliance Repair Home Appliance Store
-
Rowan Robert E OD Physician
-
Udesky Allan H OD Physician
-
Amitkumar Pravinkumar Patel Dental Office
-
Sears Auto Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$62.49M
Comparable Approach
Comparable
$53.89M
Blend (final)
Blend
$49.04M
Owner & transaction history
Oakbrook Anchor Acquisition II · 8 yrs held
Oakbrook Anchor Acquisition II
since 2018
7 recorded transactions
Zoning & alternative use
C · Oak Brook, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$74.8M
+33.8%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$67,690,000
6.5%
$62,485,000
7%
$58,020,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$55,925,000
Current use
RESTAURANT
$74,840,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$54,215,000
Change: -3% · Conversion: Easy
RETAIL STORES
$51,860,000
Change: -7% · Conversion: Easy
OFFICE BUILDING
$50,475,000
Change: -10% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$46,475,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$49.04M
Range $44.13M – $53.94M · ±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
$204 / 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
$574,232
Tax year 2023
Assessed value
$13,043,030
Assessed 2023
Previous assessed
$12,431,420
+4.9% YoY
Effective rate
4.40%
On assessed value
Assessed land
$5,294,480
Assessed improvement
$7,748,550
Land market value
$15,883,440
Improvement market value
$23,245,650
Total market value
$39,129,090
Applied tax rate
6,055.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1996
Heating
NONE
Total area
240,678 SF
Lot
19.83 ac (863,795 SF)
Zoning code
C
APN
06-23-300-022
UPID
US28-1772530
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$55.9M
RESTAURANT
Est. value
$74.8M
MEDICAL BUILDING
Est. value
$54.2M
RETAIL STORES
Est. value
$51.9M
OFFICE BUILDING
Est. value
$50.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$46.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1996
Heating
NONE
Lot
19.83 ac
Current owner
From public records · entity-resolved
Oakbrook Anchor Acquisition II
Individual
Mailing address
PO BOX 3487, CHICAGO, IL 60654-0482
Ownership since
2018
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
Oct 4, 2023
—
Oakbrook Anchor Acquistion LLC
—
Deed
related
$700,000,000 · Wells Fargo Bank NA
Nov 12, 2020
—
Oakbrook Anchor Acquisition LLC
—
Deed
related
$319,000,000 · Morgan Stanley Bank NA
Jan 31, 2018
—
Oakbrook Anchor Acquisition II
Gs Portfolio Holdings LLC
Grant Deed
—
Apr 13, 2015
—
Gs Portfolio Holdings LLC
Sears Roebuck & Co
Grant Deed
—
Sep 16, 2014
—
Sears Roebuck & Co
—
Grant Deed
related
$400,000,000 · Jpp LLC
Feb 3, 1999
$3,520,000
Homelife Corp
Sears Roebuck & Co
Grant Deed
$95,000,000 · Congress Financial
—
—
Sears Roebuck & Co
—
Deed Of Trust
related
$400,000,000 · Jpp LLC
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.
Try Rey
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