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Property profile & analytics
OFF-MARKET
Estimated value
$13,075,000
Industrial properties
1000 Armstrong St, Morris, IL 60450-1923
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US28-0189319
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1948
Total area
221,897 SF
Lot
17.84 ac (777,110 SF)
APN
05-03-253-003
UPID
US28-0189319
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
-
First America Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.70M
Comparable Approach
Comparable
$11.45M
Blend (final)
Blend
$13.08M
Owner & transaction history
First America Real Estate Group. Ll · 13 yrs held
First America Real Estate Group. Ll
since 2012
7 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 Morris submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morris 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,920,000
6.5%
$14,695,000
7%
$13,645,000
Blend value · Realmo final
$13.08M
Range $11.77M – $14.38M · ±10%
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
$59 / 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
$29,735
Tax year 2023
Assessed value
$379,943
Assessed 2023
Previous assessed
$379,943
+0.0% YoY
Effective rate
7.83%
On assessed value
Assessed land
$51,762
Assessed improvement
$328,181
Land market value
$155,286
Improvement market value
$984,543
Total market value
$1,139,829
Applied tax rate
12,051.0000
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
1948
Heating
NONE
Total area
221,897 SF
Lot
17.84 ac (777,110 SF)
APN
05-03-253-003
UPID
US28-0189319
Jurisdiction
GRUNDY
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
1948
Heating
NONE
Lot
17.84 ac
Current owner
From public records · entity-resolved
First America Real Estate Group. Ll
Entity
Mailing address
1000 ARMSTRONG ST, MORRIS, IL 60450-1923
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2017
—
First America R & E Group LLC
—
Grant Deed
related
$2,274,400 · Veritex Cmnty Bk
Oct 24, 2016
—
First America Real Estate Group LLC
—
Deed
related
$1,050,000 · First Bank & Trust
Dec 6, 2012
$1,600,000
First America Real Estate Group. Ll
Graphic Packaging International, In
Quit Claim Deed
related
$2,400,000 · Wells Fargo Bank
Mar 22, 2012
—
Graphic Packaging Intl INC
—
Deed Of Trust
related
—
Mar 28, 2008
—
Bluegrass Folding Carton Co Ll
—
Deed Of Trust
related
—
Jul 11, 2006
$4,680,000
Bluegrass Folding Carton Co Ll
Smurfit-stone Container Ents I
Grant Deed
—
—
—
First America R & E Group LLC
—
Deed Of Trust
related
$975,000 · Veritex Cmnty Bk
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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