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    Property profile & analytics

    281 Carlton Dr Carol Stream, IL 60188-2405

    • Warehouses
    • 14,520 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimations
    $395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2058702
    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

    • Donkey Brands, LLC / Corporate Office

    Property Details for 281 Carlton Dr

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.69 lot acres
    Property size
    14,520 SF
    Zone code
    I
    Property type
    Warehouses
    APN
    05-04-104-018
    APU
    504104018

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $355,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $439,000
      Market price range: $355k - $1.07M

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

    Location Insight

    • Map
    • Local Demand
    City
    Carol Stream
    County
    Dupage
    State
    Illinois
    Longitude
    -88.1086
    Latitude
    41.8968
    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
    $17,217
    $54,280
    $182,810
    $237,090
    -
    $162,840
    $548,430
    $711,270

    Comparable in this City

    • Value Estimation by Request
      50,050 SF

      305–307 Ave

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    • Value Estimation by Request
      0.95 Acres

      465 Gundersen Dr

      WAREHOUSE, STORAGE • 0.95 Acres
      465 Gundersen Dr, Carol Stream, IL 60188-2415
      View Details
    • Value Estimation
      $310,000
      5,900 SF

      381 Saint Charles Rd

      WAREHOUSE, STORAGE • 5,900 SF
      381 Saint Charles Rd, Carol Stream, IL 60188-2166
      View Details
    • Value Estimation
      $4,910,000
      32,692 SF

      150 Saint Charles Rd

      WAREHOUSE, STORAGE • 32,692 SF
      150 Saint Charles Rd, Carol Stream, IL 60188-2052
      View Details
    • Value Estimation
      $485,000
      13,558 SF

      445 Gundersen Dr

      WAREHOUSE, STORAGE • 13,558 SF
      445 Gundersen Dr, Carol Stream, IL 60188-2439
      View Details
    • Value Estimation
      $740,000
      50,312 SF

      280 Main Pl

      MINI-WAREHOUSE, STORAGE • 50,312 SF
      280 Main Pl, Carol Stream, IL 60188-2400
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      64,285 SF

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      14,452 SF flex space with retail exposure available for lease.
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    • $1,100,000
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      Commercial Land in Carol Stream

      4.47 acre commercial lot ideal for warehouse or office development.
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      Industrial Property Near I-355

      Industrial property with development potential, close to I-355.
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    • $1,750,000
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      4.20 Acre Development Opportunity

      Development opportunity with B-3 zoning in Carol Stream's Business Park.
      Nec Gary Ave And Lies Rd, Carol Stream, IL 60188
      View Details
    • New
      $2,199,000
      0.99 Acres

      Carol Stream Commercial Opportunity

      High-visibility commercial property in Carol Stream, suitable for various uses.
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      View Details
    • $1,750,000
      4.20 Acres

      Prime Carol Stream Commercial Land

      4.2 Acres, B-3 Zoning, $1.75M
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      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      7,000 SF

      High-Quality Flex Space Available

      Well-maintained flex property with upgraded features for lease.
      250-270 Tubeway Dr, Carol Stream, IL 60188
      View Details
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      299,080 SF

      Food Grade Warehouse Space

      299,080 SF food grade warehouse with rail access.
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      171,500 SF

      Industrial Space with Racked Storage

      Available industrial space with flexible terms and racked storage.
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    • Contact for pricing
      88,150 SF

      Carol Stream Industrial Space Available

      Industrial space for lease with office, docks, and drive-ins.
      238-248 Tubeway Dr, Carol Stream, IL 60188
      View Details
    • $11 SF/Yr
      25,200 SF

      Carol Stream Flex/Tech Space

      Flex/Tech space in Carol Stream with full air conditioning.
      350 Randy Rd, Carol Stream, IL 60188
      View Details
    • Contact for pricing
      45,436 SF

      Carol Stream Warehouse Space

      Industrial warehouse space available for lease in Carol Stream, IL.
      485 Mission St, Carol Stream, IL 60188
      View Details
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    281 Carlton Dr
    Carol Stream, IL 60188-2405
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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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