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Property profile & analytics
FOR LEASE
Office buildings
2311 W 22Nd St Oak Brook, IL 60523
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-5420386
For Lease
1 / 5
$23 SF/Yr
2311 W 22Nd St, Oak Brook, IL 60523
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Total area
92,862 SF
Lot
3.77 ac (164,221 SF)
Zoning code
C
APN
06-27-100-017
UPID
US28-5420386
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
-
Body Gears Physical Therapy - Oak Brook Medical Clinic
-
Triumph Business Capital Venture Capital Company
-
Ed Nink - CMG Financial Mortgage Loan Officer NMLS# 559799 Loan Service Bank
-
David Crowder - CMG Financial Branch Manager NMLS# 503134 Loan Service Bank
-
Taylor Precision Products Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.53M
Owner & transaction history
Oak Brook Place LLC · 10 yrs held
Oak Brook Place LLC
since 2016
4 recorded transactions
Zoning & alternative use
C · Oak Brook, 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 Oak Brook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Brook 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
$113 / 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
$99,479
Tax year 2023
Assessed value
$2,484,790
Assessed 2023
Previous assessed
$2,919,720
-14.9% YoY
Effective rate
4.00%
On assessed value
Assessed land
$1,229,910
Assessed improvement
$1,254,880
Land market value
$3,689,730
Improvement market value
$3,764,640
Total market value
$7,454,370
Applied tax rate
6,115.0000
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
For Lease
Year built
1970
Heating
NONE
Total area
92,862 SF
Lot
3.77 ac (164,221 SF)
Zoning code
C
APN
06-27-100-017
UPID
US28-5420386
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Oak Brook, IL
Zoning C · permitted uses
C · Oak Brook, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oak Brook. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Lot
3.77 ac
Current owner
From public records · entity-resolved
Oak Brook Place LLC
Entity
Mailing address
8114 LAWNDALE AVE, SKOKIE, IL 60076-3322
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2020
—
Oak Brook Place LLC
—
Deed
related
$17,400,000 · Prime Fin Short Duration Holdi
May 20, 2016
$16,000,000
Oak Brook Place LLC
Realty Associates Fund Vii LP
Grant Deed
$15,575,000 · Private Individual
Feb 23, 2005
$23,530,000
Realty Assocs Fund Vii
Oak Brook Place INC
Grant Deed
—
—
—
Oak Brook Place LLC
—
Deed Of Trust
related
$17,400,000 · Prime Fin Short Duration Holdi
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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