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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Drive through restaurants
908 Roosevelt Rd, Wheaton, IL 60187-5651
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2378678
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1966
Construction
CONCRETE BLOCKS
Total area
4,380 SF
Lot
0.4 ac (17,424 SF)
Zoning code
C
APN
05-21-201-011
UPID
US28-2378678
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
-
Flooring Equipment in Chicago, IL Carpet & Flooring Store Hardware & Home Improvement
-
Culver's Restaurant
-
Chicago Home Appliances Repair Shop Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$678k
Blend (final)
Blend
$1.04M
Owner & transaction history
Wna Property LLC · 4 yrs held
Wna Property LLC
since 2021
Last sale
$950,000
6 recorded transactions
Zoning & alternative use
C · Wheaton, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+13.8%
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 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
$1,125,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,360,000
Current use
AUTO REPAIR, GARAGE
$1,550,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $950k (Sep 13 2021)
Last sale anchor
$950k
Sep 13 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
$236 / 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
$32,011
Tax year 2023
Assessed value
$473,680
Assessed 2023
Previous assessed
$84,170
+462.8% YoY
Effective rate
6.76%
On assessed value
Assessed land
$73,930
Assessed improvement
$399,750
Land market value
$221,790
Improvement market value
$1,199,250
Total market value
$1,421,040
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1966
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
4,380 SF
Lot
0.4 ac (17,424 SF)
Zoning code
C
APN
05-21-201-011
UPID
US28-2378678
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
RESTAURANT Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RESTAURANT Current
AUTO REPAIR, GARAGE
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
1966
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Wna Property LLC
Entity
Mailing address
29TH CALUMET AVE E, WARRENVILLE, IL 60555-2702
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2023
—
Wna Property LLC
—
Deed
related
$2,800,000 · Lee F Jackels Revocable Trust
Jul 26, 2022
—
Wna Property LLC
—
Deed
related
$693,785 · Old Second National Bank
Dec 9, 2021
—
Wna Property LLC
—
Deed
related
$2,795,000 · West Suburban Bank
Sep 13, 2021
$950,000
Wna Property LLC
Generation II Real Estate LLC
Warranty Deed
—
Oct 30, 1998
$1,700,000
Rentalmax LLC
West Suburban Bank Trustee
Grant Deed
$960,000 · Lasalle National Bank
—
—
Rentalmax LLC
—
Deed Of Trust
related
$960,000 · Cole Taylor 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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