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Property profile & analytics
OFF-MARKET
Office buildings
223 Illinois St, Wheaton, IL 60187-5258
Trust Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1955009
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1887
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,100 SF
Lot
0.18 ac (7,841 SF)
Zoning code
C
APN
05-16-322-015
UPID
US28-1955009
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
-
Mark J. Beck DMD Dental Office
-
Dennis J. Beck, DDS Dental Office
-
Dr. Nicole M. Rogers, DDS Dental Office
-
Meinel Jennifer Dental Office
-
Gnidovic Kathy Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Beck,jan M Trust · 9 yrs held
Beck,jan M Trust
since 2017
5 recorded transactions
Zoning & alternative use
C · Wheaton, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,461
Tax year 2023
Assessed value
$139,990
Assessed 2023
Previous assessed
$167,730
-16.5% YoY
Effective rate
6.76%
On assessed value
Assessed land
$55,060
Assessed improvement
$84,930
Land market value
$165,180
Improvement market value
$254,790
Total market value
$419,970
Applied tax rate
5,012.0000
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
1887
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Total area
2,100 SF
Lot
0.18 ac (7,841 SF)
Zoning code
C
APN
05-16-322-015
UPID
US28-1955009
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.
Building & site characteristics
From public records
Year built
1887
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Beck,jan M Trust
Trust
Mailing address
1021 GOLF LN, WHEATON, IL 60189-6336
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2018
—
Beck,jan M Trust
—
Deed
related
$207,028 · Wheaton Bk&tr
Apr 27, 2017
—
Beck,jan M Trust
Trust 8002348027
Quit Claim Deed
—
Mar 31, 2014
—
Trust 8002348027
—
Trustees Deed
related
$80,000 · Wheaton Bk&tr
Feb 1, 2007
—
Trust 8002348027
Beck,dennis J & Jan M
Quit Claim Deed
related
—
—
—
Beck,jan M Trust
—
Loan Modification
related
$207,028 · Wheaton Bk&tr
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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