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Property profile & analytics
FOR LEASE
Office buildings
711 Jorie Blvd, Oak Brook, IL 60523
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2115146
For Lease
1 / 2
$23 SF/Yr
711 Jorie Blvd, Oak Brook, IL 60523
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
151,680 SF
Lot
13.52 ac (588,931 SF)
Zoning code
C
APN
06-25-101-001
UPID
US28-2115146
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
-
Iowa Foundation For Med Care Medical Clinic
-
Restaurant Application Development International LLC (Bike/Boat/Book/etc) Store Corporate Office
-
Elizabeth M. Seybold, PharmD Pharmacy
-
Olamide Davies, PharmD Pharmacy
-
Brandon L. Johnson, PharmD Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$34.32M
Comparable Approach
Comparable
$29.58M
Blend (final)
Blend
$34.60M
Owner & transaction history
Pool 1 Industrial Il 2 LLC · 4 yrs held
Pool 1 Industrial Il 2 LLC
since 2021
Last sale
$33.8M
7 recorded transactions
Zoning & alternative use
C · Oak Brook, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$53.7M
+68.7%
Restaurant
$47.2M
+48.3%
Commercial (general)
$35.2M
+10.8%
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 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
Method
Estimation
Statistic approach
$41,490,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$37,180,000
6.5%
$34,320,000
7%
$31,870,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$31,810,000
Current use
AUTO REPAIR, GARAGE
$53,665,000
Change: +69% · Conversion: Difficult
RESTAURANT
$47,165,000
Change: +48% · Conversion: Moderate
COMMERCIAL (GENERAL)
$35,245,000
Change: +11% · Conversion: Easy
MEDICAL BUILDING
$34,165,000
Change: +7% · Conversion: Easy
RETAIL STORES
$32,685,000
Change: +3% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$29,290,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$34.60M
Range $31.14M – $38.06M · ±10% · vs last sale $33.80M (Dec 3 2021)
Last sale anchor
$33.80M
Dec 3 2021
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
$228 / 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
$175,699
Tax year 2023
Assessed value
$4,551,190
Assessed 2023
Previous assessed
$4,535,420
+0.3% YoY
Effective rate
3.86%
On assessed value
Assessed land
$3,525,150
Assessed improvement
$1,026,040
Land market value
$10,575,450
Improvement market value
$3,078,120
Total market value
$13,653,570
Applied tax rate
6,143.0000
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
1980
Heating
NONE
Total area
151,680 SF
Lot
13.52 ac (588,931 SF)
Zoning code
C
APN
06-25-101-001
UPID
US28-2115146
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$31.8M
AUTO REPAIR, GARAGE
Est. value
$53.7M
RESTAURANT
Est. value
$47.2M
COMMERCIAL (GENERAL)
Est. value
$35.2M
MEDICAL BUILDING
Est. value
$34.2M
RETAIL STORES
Est. value
$32.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$29.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1980
Heating
NONE
Lot
13.52 ac
Current owner
From public records · entity-resolved
Pool 1 Industrial Il 2 LLC
Entity
Mailing address
100 W MATSONFORD RD #250, RADNOR, PA 19087-4558
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2021
$33,800,000
Pool 1 Industrial Il 2 LLC
Exeter 711 Jorie LLC
Special Warranty Deed
$475,000 · Bank Of America NA
Mar 2, 2021
—
Exeter 711 Jorie LLC
—
Deed
related
$15,089,824 · Metlife Real Estate Lending LLC
Apr 11, 2018
—
Exeter 711 Jorie LLC
—
Grant Deed
related
$201,700,000 · Bank Of Nat'l Tr & Svgs
Oct 19, 2017
$14,450,000
Exeter 711 Jorie LLC
Mcdonalds USA LLC
Grant Deed
—
Jun 13, 2014
$12,225,000
Mcdonalds USA LLC
Safeway INC
Grant Deed
—
Oct 15, 2013
—
Safeway INC
Vons Reit INC
Grant Deed
—
Oct 19, 2006
—
Vons Reit INC
Safeway INC
Warranty Deed
—
Sep 29, 1999
$30,000,000
Safeway INC
Realty Associates Fund IV LP
Grant Deed
—
Nov 16, 1998
—
Realty Associates Fund IV LP
—
Deed Of Trust
related
$90,000,000 · Northwestern Mutual Life Ins
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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