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Property profile & analytics
FOR LEASE
Office Spaces
2056 Westings Ave Naperville, IL 60563
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0099350
For Lease
1 / 8
$16.75 SF/Yr
2056 Westings Ave, Naperville, IL 60563
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2001
Total area
167,090 SF
Lot
7.33 ac (319,295 SF)
Zoning code
C
APN
07-03-105-002
UPID
US28-0099350
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
-
Keller Graduate School of Management- Naperville Center Graduate School Education
-
Wells Fargo Advisors Financial Advisor
-
Safe Harbor Law Firm Financial Advisor
-
Cassiday Schade LLP Law Firm
-
Wells Fargo Advisors: Iozzo Raymond Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.60M
Blend (final)
Blend
$13.57M
Owner & transaction history
Rga Real Estate Holdings LLC · 3 yrs held
Rga Real Estate Holdings LLC
since 2023
7 recorded transactions
Zoning & alternative use
C · Naperville, IL
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 Naperville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Naperville 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.57M
Range $12.21M – $14.93M · ±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
$81 / 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
$182,457
Tax year 2023
Assessed value
$2,728,860
Assessed 2023
Previous assessed
$4,466,220
-38.9% YoY
Effective rate
6.69%
On assessed value
Assessed land
$651,300
Assessed improvement
$2,077,560
Land market value
$1,953,900
Improvement market value
$6,232,680
Total market value
$8,186,580
Applied tax rate
7,030.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2001
Heating
NONE
Total area
167,090 SF
Lot
7.33 ac (319,295 SF)
Zoning code
C
APN
07-03-105-002
UPID
US28-0099350
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Naperville, IL
Zoning C · permitted uses
C · Naperville, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Naperville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Lot
7.33 ac
Current owner
From public records · entity-resolved
Rga Real Estate Holdings LLC
Entity
Mailing address
16600 SWINGLEY RDG RD, CHESTERFIELD, MO 63017-1706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2023
—
Rga Real Estate Holdings LLC
Westings Corporate Center I LLC
Special Warranty Deed
—
Oct 3, 2019
—
Westings Corp Center I LLC
—
Loan Modification
related
$19,000,000 · Miscellaneous Ins Co
Apr 25, 2018
—
Westings Corp Center I LLC
—
Deed
related
$90,708 · Miscellaneous Ins Co
Aug 22, 2012
$27,250,000
Westings Corporate Center I Ll
Westings LLC
Grant Deed
$19,000,000 · Miscellaneous Ins Co
Oct 6, 2005
$29,000,000
Westings LLC
Opus Real Estate Ents V LLC
Grant Deed
$31,875,000 · Lasalle National Bank
Apr 6, 2004
—
Opus Real Estate Entrprs V LLC
—
Deed Of Trust
related
$39,355,000 · Lasalle National Bank
Jan 13, 2004
$8,680,500
Opus Real Estates Enterprises
Opus North Corp
Grant Deed
related
—
—
—
Westings Corp Center I LLC
—
Loan Modification
related
$90,708 · Miscellaneous Ins Co
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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