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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Office buildings
411 Roosevelt Rd, Wheaton, IL 60187-5564
Entity Owned
7-yr Hold
Free & Clear
Property ID
US28-2742813
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1944
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,443 SF
Lot
0.48 ac (20,909 SF)
APN
05-16-422-026
UPID
US28-2742813
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
-
Landstar Global Logistics Shipping Company Freight Service
-
Salon 411 East Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$975k
Owner & transaction history
Fredonia Group LLC · 7 yrs held
Fredonia Group LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+121.0%
Medical building
$1.0M
+40.7%
Retail stores
$955,000
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,090,000
6.5%
$1,005,000
7%
$935,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$710,000
Current use
AUTO REPAIR, GARAGE
$1,570,000
Change: +121% · Conversion: Difficult
MEDICAL BUILDING
$1,000,000
Change: +41% · Conversion: Easy
RETAIL STORES
$955,000
Change: +35% · Conversion: Moderate
COMMERCIAL (GENERAL)
$935,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±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
$219 / 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
$15,546
Tax year 2023
Assessed value
$230,040
Assessed 2023
Previous assessed
$217,400
+5.8% YoY
Effective rate
6.76%
On assessed value
Assessed land
$87,990
Assessed improvement
$142,050
Land market value
$263,970
Improvement market value
$426,150
Total market value
$690,120
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
1944
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
4,443 SF
Lot
0.48 ac (20,909 SF)
APN
05-16-422-026
UPID
US28-2742813
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$935,000
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
Year built
1944
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Fredonia Group LLC
Entity
Free & Clear · 7 yrs held
Mailing address
411 E ROOSEVELT RD, WHEATON, IL 60187-5564
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Jun 6, 2025
—
Fredonia Group LLC
—
Deed
related
$10,000,000 · Landstar Global Logistics INC
Oct 5, 2018
$500,000
Fredonia Group LLC
Land Holding
Grant Deed
—
Oct 20, 2017
—
Land Holding
Pnc Bk National Assn
Warranty Deed
—
Aug 11, 2017
—
Pnc Bk National Assn
Special Commissioner Of Du Page C|warden,christoph
Trustees Deed
related
—
Oct 30, 2008
—
Csw Investments LLC
Warden,christopher J & Lillian S
Quit Claim Deed
related
—
Jul 14, 2008
$417,500
Christopher J Warden
Beverly J Barger
Warranty Deed
$313,125 · National City Mortgage
Nov 22, 2004
—
Beverly J Barger
Barger Beverly J Trust
Quit Claim Deed
related
—
—
—
Csw Investments LLC
—
Deed Of Trust
related
$740,000 · 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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