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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Industrial properties
10047 Virginia Ave, Chicago Ridge, IL 60415-3710
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-2621785
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1993
Lot
2.79 ac (121,532 SF)
APN
24-07-312-005
UPID
US28-2621785
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
-
Standard Electric Supply Co. Big Box & Wholesale Store Building Supply
-
Clopay Corporation - South Chicago Distribution Center Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$960k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
10047 Virginia Owner LLC · 5 yrs held
10047 Virginia Owner LLC
since 2020
Last sale
$1.2M
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 Chicago Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago Ridge 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
$930,000
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10% · vs last sale $1.15M (Dec 21 2020)
Last sale anchor
$1.15M
Dec 21 2020
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
$139,993
Tax year 2022
Assessed value
$354,000
Assessed 2022
Previous assessed
$354,000
+0.0% YoY
Effective rate
39.55%
On assessed value
Assessed land
$91,068
Assessed improvement
$262,932
Land market value
$364,272
Improvement market value
$1,051,728
Total market value
$1,416,000
Applied tax rate
39,164.0000
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
1993
Heating
NONE
Lot
2.79 ac (121,532 SF)
APN
24-07-312-005
UPID
US28-2621785
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
1993
Heating
NONE
Lot
2.79 ac
Current owner
From public records · entity-resolved
10047 Virginia Owner LLC
Entity
Mailing address
10275 W HIGGINS RD STE #810, ROSEMONT, IL 60018-5601
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2022
—
10047 Virginia Owner LLC
—
Deed
related
$58,961,500 · Cibc Bank USA
Dec 21, 2020
$1,304,500
10047 Virginia Owner LLC
Gap Vii Gb Chicago Ridge Ll
Grant Deed
related
$53,380,000 · Cibc Bk USA
Sep 1, 2017
$1,150,000
Gap Vii Gb Chicago Ridge LLC
Bcl-chicago Ridge LLC
Grant Deed
—
Jan 4, 2013
—
Bcl-chicago Ridge LLC
—
Deed Of Trust
related
$61,000,000 · Bank Of America
Jul 24, 2007
$1,525,000
Bcl-chicago Ridge LLC
Cjf2 LLC
Grant Deed
$1,220,000 · Harris NA
Nov 3, 2005
$1,400,000
Cjf2 LLC
Centerpoint Props Trust
Grant Deed
$86,100,000 · J P Morgan Chase Bank
Jun 7, 1999
$7,405,500
Centerpoint Properties Trust
Cm Realty Co
Grant Deed
—
—
—
Bcl-chicago Ridge LLC
—
Deed Of Trust
related
$1,395,000 · Lasalle National 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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