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Property profile & analytics
FOR LEASE
Retail space
2042 S Naperville Rd Wheaton, IL 60189
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2892084
For Lease
1 / 6
$1,620,000
2042 S Naperville Rd, Wheaton, IL 60189
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Total area
9,020 SF
Lot
0.98 ac (42,689 SF)
APN
05-28-300-032
UPID
US28-2892084
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
by Request
CAP Approach
CAP
$1.93M
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.62M
Owner & transaction history
Ch Retail Fund I Of Chicago Wheat · 6 yrs held
Ch Retail Fund I Of Chicago Wheat
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.0M
+4.5%
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%
$2,085,000
6.5%
$1,925,000
7%
$1,790,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,945,000
Current use
MEDICAL BUILDING
$2,030,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,935,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±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
$180 / 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
$45,354
Tax year 2023
Assessed value
$671,120
Assessed 2023
Previous assessed
$647,970
+3.6% YoY
Effective rate
6.76%
On assessed value
Assessed land
$180,010
Assessed improvement
$491,110
Land market value
$540,030
Improvement market value
$1,473,330
Total market value
$2,013,360
Applied tax rate
5,127.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1989
Heating
NONE
Stories
1
Total area
9,020 SF
Lot
0.98 ac (42,689 SF)
APN
05-28-300-032
UPID
US28-2892084
Jurisdiction
DU PAGE
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.9M
RETAIL STORES Current
MEDICAL BUILDING
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
1989
Heating
NONE
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Ch Retail Fund I Of Chicago Wheat
Entity
Mailing address
1 PARKVIEW PLZ #9, OAKBROOK TERRACE, IL 60181-4400
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2023
—
Ch Retail Fund II Chicago Wheaton S
—
Deed
related
$387,000,000 · Mizuho Bank USA
Jan 13, 2021
—
Ch Retail Fund II Of Chicago Whea
—
Deed
related
$54,500,000 · Metlife R/e Lndg LLC
Dec 13, 2019
$5,075,000
Ch Retail Fund I Of Chicago Wheat
Kdp Wheaton Naperville LLC
Grant Deed
—
Dec 28, 2018
—
Kdp Wheaton Naperville LLC
—
Trustees Deed
related
$3,336,772 · Lakeside Bk
Aug 31, 2018
—
Kdp Wheaton Naperville LLC
Sung Man Ho
Warranty Deed
$1,183,000 · Lakeside Bank
Mar 4, 2011
—
Sung M Ho
—
Deed Of Trust
related
$1,430,800 · Mb Fin'l Bk
Sep 10, 2010
$125,000
People Of State Of Il Dept & Transp
Ho,sung M & Bong L
Warranty Deed
—
—
—
Sung M Ho
—
Loan Modification
related
$1,415,955 · Mb Fin'l Bk
—
—
Sung M Ho
—
Deed Of Trust
related
$1,120,000 · West Suburban Bank
—
—
Ch Retail Fund II Of Chicago Whea
—
Deed Of Trust
related
$54,500,000 · Metlife R/e Lndg 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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