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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Office buildings
285 Loop Rd, Wheaton, IL 60189-2036
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1354999
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,080 SF
Lot
0.76 ac (33,106 SF)
Zoning code
C
APN
05-28-307-019
UPID
US28-1354999
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
-
Magnet Street Marketing & Advertising
-
Flowering Heart Center Community Center
-
Harmony Polo, Personal Development, Sacred Haircuts & Kundalini Yoga (Bike/Boat/Book/etc) Store Cosmetic Store
-
AHRMA Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.25M
Owner & transaction history
Hapgo LLC · 1 yrs held
Hapgo LLC
since 2024
Last sale
$1.3M
7 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
Method
Estimation
Statistic approach
$1,250,000
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,555,000
Current use
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.25M (Oct 25 2024)
Last sale anchor
$1.25M
Oct 25 2024
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
$124 / 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
$43,971
Tax year 2023
Assessed value
$650,650
Assessed 2023
Previous assessed
$614,900
+5.8% YoY
Effective rate
6.76%
On assessed value
Assessed land
$139,310
Assessed improvement
$511,340
Land market value
$417,930
Improvement market value
$1,534,020
Total market value
$1,951,950
Applied tax rate
5,127.0000
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
10,080 SF
Lot
0.76 ac (33,106 SF)
Zoning code
C
APN
05-28-307-019
UPID
US28-1354999
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
$1.6M
OFFICE BUILDING Current
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.76 ac
Current owner
From public records · entity-resolved
Hapgo LLC
Entity
Mailing address
426 E CONGRESS AVE, RANTOUL, IL 61866-2405
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2024
$1,250,000
Hapgo LLC
Assisted Housing Risk Management As
Warranty Deed
$905,000 · Alerus Financial NA
Jun 26, 2018
—
Assisted Hsng Risk Mgmt Assn
Ahrma LLC
Quit Claim Deed
related
—
Apr 29, 2016
$1,750,000
Ahrma LLC
Bws Properties LLC
Warranty Deed
—
Jun 25, 2003
—
Bws Properties LLC
Baird,neville B
Grant Deed
related
—
Jun 19, 2003
—
Bws Properties LLC
Baird,neville B
Grant Deed
$1,740,000 · Community Bank Wheaton Glen El
Sep 17, 2002
—
Neville B Baird
West Loop LLC
Grant Deed
$308,000 · Community Bank Wheaton Glen El
Oct 22, 2001
—
West Loop LLC
Parkway Bank & Trust Co Ttee
Grant Deed
related
—
—
—
Bws Properties LLC
—
Loan Modification
related
—
—
—
Bws Properties LLC
—
Deed Of Trust
related
—
—
—
Neville B Baird
—
Deed Of Trust
related
$308,000 · Community Bank Wheaton Glen El
—
—
Bws Properties LLC
—
Deed Of Trust
related
$250,000 · Community Bank Wheaton Glen El
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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