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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Industrial properties
600 Northgate Pkwy Wheeling, IL 60090-3201
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-0950809
Property summary
AI-generated overview
This exceptional industrial property, located at 600 Northgate Parkway in Wheeling, Illinois, 60090, offers a variety of flexible spaces ideal for manufacturing, distribution, or warehouse operations. The single-story building, constructed in 1991, boasts a total of 32,000 square feet and is classified as Class B. Multiple tenancy options are available, with units ranging from a minimum of 2,707 square feet to a maximum contiguous space of 6,577 square feet. The building features a 14-foot ceiling height, providing ample vertical space for storage and operations. Loading dock access is available for efficient material handling. Currently, several units are available for lease. Two example units, each approximately 2,700 square feet, offer a predominantly warehouse layout complemented by two offices, providing a blend of workspace and storage. This prime location in Wheeling offers easy access to major transportation routes, making it an excellent choice for businesses seeking efficient logistics and a functional workspace. The property's flexible layout and diverse unit sizes cater to a wide range of business needs. Inquire today to learn more about available units and lease terms.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1990
Lot
0.5 ac (21,728 SF)
APN
03-03-201-028
UPID
US28-0950809
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
-
Spartan Martial Arts Athletic Program Gym & Fitness Center Sports School
-
Sunshine Systems LLC Freight Service Logistics Company
-
Senior Photos Department Store
-
Palmetta Lingerie (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Hoffman Services Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$795k
Owner & transaction history
Hmc Chp 600 Northgate LLC · 5 yrs held
Hmc Chp 600 Northgate LLC
since 2021
Last sale
$850,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Wheeling submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wheeling 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
$750,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $850k (Apr 8 2021)
Last sale anchor
$850k
Apr 8 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
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$31,963
Tax year 2022
Assessed value
$100,004
Assessed 2022
Previous assessed
$91,533
+9.3% YoY
Effective rate
31.96%
On assessed value
Assessed land
$38,024
Assessed improvement
$61,980
Land market value
$152,096
Improvement market value
$247,920
Total market value
$400,016
Applied tax rate
38,055.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1990
Heating
NONE
Lot
0.5 ac (21,728 SF)
APN
03-03-201-028
UPID
US28-0950809
Jurisdiction
COOK
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
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Lot
0.5 ac
Current owner
From public records · entity-resolved
Hmc Chp 600 Northgate LLC
Entity
Mailing address
2625 BUTTERFIELD RD, OAK BROOK, IL 60523-1234
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
Dec 16, 2022
—
Hmc Chp 7111 Austin LLC
—
Deed
related
$152,000,000 · First Horizon Bank
Apr 8, 2021
$850,000
Hmc Chp 600 Northgate LLC
Chp Northgate LLC
Special Warranty Deed
$283,500 · Iberiabank
Nov 16, 2015
$1,465,000
Chp Northgate LLC
Trust 122877
Grant Deed
$1,025,500 · Heartland Bk
Dec 22, 1999
$2,075,000
Lasalle Bank NA Trustee
Chicago Title Land Trt Co Ttee
Grant Deed
related
$1,537,500 · Success National Bank
—
—
Chicago Properties LLC
—
Deed Of Trust
related
$6,339,469 · Bank Financial Fsb
—
—
Trust 120610
—
Deed Of Trust
related
$542,956 · Bank Financial Fsb
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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