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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    711 Roosevelt Rd Wheaton, IL 60187-5646

    • Office Properties & Spaces
    • 13,872 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimations
    $2,025,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2221453
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • DuPage Housing Authority / Housing Authority

    Property Details for 711 Roosevelt Rd

    Year built
    1975
    Lot size
    0.48 lot acres
    Property size
    13,872 SF
    Zone code
    C
    Property type
    Office Properties & Spaces
    APN
    05-16-424-033
    APU
    516424033

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,220,000
      Market price range: $1.37M - $3.43M
      AI Estimate
      $1,832,000
      Market price range: $1.06M - $2.79M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,220,000
      Current use
      MEDICAL BUILDING
      $3,125,000
      Change: +41% Conversion: Easy
      RETAIL STORES
      $2,990,000
      Change: +35% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,915,000
      Change: +31% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wheaton
    County
    Dupage
    State
    Illinois
    Longitude
    -88.096
    Latitude
    41.8593
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $640,000
      4,878 SF

      104 Roosevelt Rd Ste, Unit 102

      CONDOMINIUM OFFICES • 4,878 SF
      104 Roosevelt Rd Ste, Wheaton, IL 60187-5253
      View Details
    • Value Estimation by Request
      33,955 SF

      400 County Farm Rd

      Medical offices • 33,955 SF
      400 County Farm Rd, Wheaton, IL 60187
      View Details
    • Value Estimation by Request
      2,200 SF

      128 County Farm Rd Ste D

      CONDOMINIUM OFFICES • 2,200 SF
      128 County Farm Rd Ste D, Wheaton, IL 60187-2400
      View Details
    • Value Estimation by Request
      2,200 SF

      128 County Farm Rd Ste B

      CONDOMINIUM OFFICES • 2,200 SF
      128 County Farm Rd Ste B, Wheaton, IL 60187-2400
      View Details
    • Value Estimation by Request
      1,800 SF

      933 Liberty Dr, Unit 9-A

      CONDOMINIUM OFFICES • 1,800 SF
      933 Liberty Dr, Wheaton, IL 60187-4846
      View Details
    • Value Estimation
      $615,000
      4,400 SF

      122 County Farm Rd, Unit 122C

      CONDOMINIUM OFFICES • 4,400 SF
      122 County Farm Rd, Wheaton, IL 60187-4594
      View Details

    Similar Nearby for Sale

    • $350,000
      1,400 SF

      Wheaton Office Space For Sale

      Office property with 1400 square feet of space.
      620 Roosevelt Rd, Wheaton, IL 60187
      View Details
    • $6,500,000
      17,570 SF

      Wheaton Office Building - Prime Location

      Fully Leased, 17,570 SF Office Building
      999 Confidential St, Wheaton, IL 60187
      View Details
    • $599,900
      4,000 SF

      Wheaton Office Building - Downtown

      Stunning Rehabbed Office, Prime Location
      221 Illinois St, Wheaton, IL 60187
      View Details
    • $439,900
      1,064 SF

      Wheaton Office Building - Great Location

      Prime Wheaton office, high visibility, ample parking.
      1825 Roosevelt Rd, Wheaton, IL 60187
      View Details
    • $335,000
      1,820 SF

      Wheaton Office Building - Prime Location

      Historic Charm, Modern Potential, High Traffic Area
      305 Naperville Rd, Wheaton, IL 60187
      View Details
    • $350,000
      1,400 SF

      Office Space on Roosevelt Road

      Office space for sale with excellent exposure on Roosevelt Road.
      600 W Roosevelt Rd, Wheaton, IL 60187
      View Details

    Similar Nearby for Lease

    • $166 SF/Yr
      1,721 SF

      Wheaton Office Space: 1721 sq ft

      Single-tenant office, prime Wheaton location.
      933 Liberty Dr, Wheaton, IL 60187
      View Details
    • $18 SF/Yr
      700 SF

      Office Building on Roosevelt Road

      Three-story office building with excellent exposure and free parking.
      316 W Roosevelt Rd, Wheaton, IL 60187
      View Details
    • $10 SF/Yr
      1,299 SF

      Office Space with Window Offices

      Office unit featuring a reception area and four window offices.
      2100 Manchester Rd, Wheaton, IL 60187
      View Details
    • Contact for pricing

      Downtown Wheaton Office Space Available

      Bright office space in downtown Wheaton near Metra station.
      107 N Hale St, Wheaton, IL 60187
      View Details
    • Contact for pricing

      Corner Office with Natural Light

      Office space with 24-hour access and included utilities.
      124 S County Farm Rd, Wheaton, IL 60187
      View Details
    • $18 SF/Yr
      1,517 SF

      Well-Maintained Office Park Space

      Office space available in a well-maintained office park.
      290-300 S County Farm Rd, Wheaton, IL 60187
      View Details
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    711 Roosevelt Rd
    Wheaton, IL 60187-5646
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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