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Property profile & analytics
OFF-MARKET
Estimated value
$1,995,000
Retail space
500 County Farm Rd Wheaton, IL 60187-2415
Individually Owned
10-yr Hold
Free & Clear
Property ID
US28-0137918
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,014 SF
Lot
1.36 ac (59,242 SF)
Zoning code
C
APN
05-18-307-028
UPID
US28-0137918
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
-
Tower Wealth Advisors Bank Credit Union
-
Grand Ridge National Bank Bank Loan Service
-
Jimmy John's Take-out & Catering
-
Suburban Bank & Trust Co Bank Loan Service
-
Smart: Mold & Mildew Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.78M
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$2.00M
Owner & transaction history
Grand Ridge Natl Bk · 10 yrs held
Grand Ridge Natl Bk
since 2016
4 recorded transactions
Zoning & alternative use
C · Wheaton, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.9M
+4.5%
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%
$3,010,000
6.5%
$2,780,000
7%
$2,580,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,805,000
Current use
MEDICAL BUILDING
$2,930,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,735,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$2.00M
Range $1.80M – $2.19M · ±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
$153 / 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
$51,320
Tax year 2023
Assessed value
$759,400
Assessed 2023
Previous assessed
$717,680
+5.8% YoY
Effective rate
6.76%
On assessed value
Assessed land
$250,820
Assessed improvement
$508,580
Land market value
$752,460
Improvement market value
$1,525,740
Total market value
$2,278,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
13,014 SF
Lot
1.36 ac (59,242 SF)
Zoning code
C
APN
05-18-307-028
UPID
US28-0137918
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
RETAIL STORES Current
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.7M
RETAIL STORES Current
MEDICAL BUILDING
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.36 ac
Current owner
From public records · entity-resolved
Grand Ridge Natl Bk
Individual
Free & Clear · 10 yrs held
Mailing address
500 S COUNTY FARM RD, WHEATON, IL 60187-2415
Mailing matches property
Yes
Owner-occupied
Yes
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
Jun 15, 2016
$1,930,000
Grand Ridge Natl Bk
Fawell,jeffrey B & Blanche H
Grant Deed
—
Jan 4, 2005
—
Jeffrey B Fawell
—
Grant Deed
related
$3,685,000 · Suburban Bank & Trust Co
Nov 12, 2004
—
Jeffrey B Fawell
Fawell,jeff
Quit Claim Deed
related
—
—
—
Jeffrey B Fawell
—
Deed Of Trust
related
$596,254 · Suburban Bank & Trust Co
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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