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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Office buildings
213 Wheaton Ave, Wheaton, IL 60187-5207
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1377973
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
4,136 SF
Lot
0.08 ac (3,485 SF)
Zoning code
C
APN
05-16-314-010
UPID
US28-1377973
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
-
Illinois Green Party Advocacy Group Volunteer Organization
-
DuPage County Green Party Advocacy Group Volunteer Organization
-
Samuel Lee Marriage Or Relationship Counselor
-
Sos expedited LLC/sos Freight Logistics Logistics Company Freight Service
-
Bonsai Data Solutions Consultant Service Establishment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$955k
CAP Approach
CAP
$935k
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$980k
Owner & transaction history
Willow Avenue Apartments LLC · 2 yrs held
Willow Avenue Apartments LLC
since 2023
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
C · Wheaton, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+121.0%
Medical building
$930,000
+40.7%
Retail stores
$890,000
+34.6%
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
$965,000
ML approach
$955,000
CAP Approach
CAP Return
Estimation
6%
$1,015,000
6.5%
$935,000
7%
$870,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$660,000
Current use
AUTO REPAIR, GARAGE
$1,465,000
Change: +121% · Conversion: Difficult
MEDICAL BUILDING
$930,000
Change: +41% · Conversion: Easy
RETAIL STORES
$890,000
Change: +35% · Conversion: Moderate
COMMERCIAL (GENERAL)
$870,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10% · vs last sale $1.00M (Nov 2 2023)
Last sale anchor
$1.00M
Nov 2 2023
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
$237 / 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
$20,815
Tax year 2023
Assessed value
$291,410
Assessed 2023
Previous assessed
$143,170
+103.5% YoY
Effective rate
7.14%
On assessed value
Assessed land
$35,150
Assessed improvement
$256,260
Land market value
$105,450
Improvement market value
$768,780
Total market value
$874,230
Applied tax rate
5,323.0000
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
Heating
NONE
Stories
2
Total area
4,136 SF
Lot
0.08 ac (3,485 SF)
Zoning code
C
APN
05-16-314-010
UPID
US28-1377973
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Wheaton, IL
Zoning C · permitted uses
C · Wheaton, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wheaton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$660,000
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$930,000
RETAIL STORES
Est. value
$890,000
COMMERCIAL (GENERAL)
Est. value
$870,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
Heating
NONE
Stories
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Willow Avenue Apartments LLC
Entity
Mailing address
500 SKOKIE BLVD STE #600, NORTHBROOK, IL 60062-2831
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2023
$1,000,000
Willow Avenue Apartments LLC
Wheaton Commons LLC
Warranty Deed
—
May 17, 2021
$350,000
Wheaton Common LLC
Two Thirteen Building LLC
Warranty Deed
—
Apr 15, 2011
—
Two Thirteen Building LLC
Nogaj Richard J Trust
Quit Claim Deed
related
—
Jan 6, 2010
—
Nogaj Richard J Trust
Trust 3639
Quit Claim Deed
—
—
—
Two Thirteen Building LLC
—
Deed Of Trust
related
—
—
—
Trust 3639-wh
—
Deed Of Trust
related
$450,000 · Lasalle National Bank
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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