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Property profile & analytics
OFF-MARKET
Estimated value
$6,140,000
Warehouses
2230 Main St Wheaton, IL 60187-9140
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-0037588
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2014
Total area
81,543 SF
Lot
1.49 ac (64,904 SF)
Zoning code
C
APN
05-04-304-017
UPID
US28-0037588
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
-
The Lock Up Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.57M
Blend (final)
Blend
$6.14M
Owner & transaction history
Lock Up Wheaton LLC · 13 yrs held
Lock Up Wheaton LLC
since 2013
7 recorded transactions
Zoning & alternative use
C · Wheaton, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$9.5M
+11.8%
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,495,000
Current use
INDUSTRIAL (GENERAL)
$9,495,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$6.14M
Range $5.53M – $6.75M · ±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
$75 / 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
$129,958
Tax year 2023
Assessed value
$1,908,000
Assessed 2023
Previous assessed
$1,802,820
+5.8% YoY
Effective rate
6.81%
On assessed value
Assessed land
$236,230
Assessed improvement
$1,671,770
Land market value
$708,690
Improvement market value
$5,015,310
Total market value
$5,724,000
Applied tax rate
5,295.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2014
Heating
NONE
Cooling
CENTRAL
Stories
4
Total area
81,543 SF
Lot
1.49 ac (64,904 SF)
Zoning code
C
APN
05-04-304-017
UPID
US28-0037588
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
WAREHOUSE, STORAGE Current
Est. value
$8.5M
INDUSTRIAL (GENERAL)
Est. value
$9.5M
WAREHOUSE, STORAGE Current
INDUSTRIAL (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
2014
Heating
NONE
Cooling
Yes
Stories
4
Lot
1.49 ac
Current owner
From public records · entity-resolved
Lock Up Wheaton LLC
Entity
Free & Clear · 13 yrs held
Mailing address
800 W FRONTAGE RD, NORTHFIELD, IL 60093-1205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Nov 3, 2016
—
Lock Up Wheaton LLC
—
Deed
related
$32,000,000 · Miscellaneous Ins Co
Jan 17, 2013
$400,000
Lock Up Wheaton LLC
Wheaton Loan Acquisition LLC
Grant Deed
—
Nov 8, 2011
—
Wheaton Loan Acquisition LLC
Geneva-main LLC
Grant Deed
$1,800,000 · Signature Bank
Mar 3, 2006
$5,650,000
Geneva Main LLC
Harris NA
Deed
—
—
—
Lock Up Wheaton LLC
—
Deed Of Trust
related
$4,136,895 · Northern Trust Co
—
—
Wheaton Loan Acquisition LLC
—
Deed Of Trust
related
$2,860,000 · Signature Bank
—
—
Lock Up Wheaton LLC
—
Deed Of Trust
related
$32,000,000 · Miscellaneous Ins Co
—
—
Geneva Main LLC
—
Deed Of Trust
related
$4,398,998 · Pnc 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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