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Property profile & analytics
OFF-MARKET
Industrial properties
10319 Vans Dr A Frankfort, IL 60423-9361
Trust Owned
19-yr Hold
~
Est. High Equity
Property ID
US28-1970700
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2006
Construction
STEEL FRAME
Total area
2,652 SF
Lot
4.7 ac (204,732 SF)
APN
19-09-28-301-008-1001
UPID
US28-1970700
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
-
OMG It's Gluten Free LLC Bakery Specialty Food Shop
-
The Original Cookie Bowl Restaurant
-
National Trading Inc Big Box & Wholesale Store Building Supply
-
Cash For Junk Cars Discount Store Waste Management Facility
-
Chicago Cash Cars Buyer Discount Store Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Trust 8002347698 · 19 yrs held
Trust 8002347698
since 2006
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 Frankfort submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Frankfort 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,268
Tax year 2023
Assessed value
$38,675
Assessed 2023
Previous assessed
$38,675
+0.0% YoY
Effective rate
8.45%
On assessed value
Assessed land
$6,442
Assessed improvement
$32,233
Land market value
$19,326
Improvement market value
$96,699
Total market value
$116,025
Applied tax rate
1,906.0000
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
2006
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
2,652 SF
Lot
4.7 ac (204,732 SF)
APN
19-09-28-301-008-1001
UPID
US28-1970700
Jurisdiction
WILL
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
2006
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
4.7 ac
Current owner
From public records · entity-resolved
Trust 8002347698
Trust
Mailing address
10319 VANS DR2A, FRANKFORT, IL 60423-9359
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2007
—
Vans Drive 2 LLC
—
Grant Deed
related
$4,500,000 · Standard Bank & Trust
Dec 29, 2006
$207,900
Trust 8002347698
Vans Drive 2 LLC
Warranty Deed
$118,200 · Lasalle National Bank
Sep 19, 2006
—
Vans Drive 2 LLC
—
Trustees Deed
related
$3,525,000 · Harris NA
Sep 1, 2006
$215,000
Helios Investments LLC
Vans Drive 2 LLC
Warranty Deed
$193,500 · A J Smith Fsb
Jun 14, 2005
$345,450
Vans Drive 2 LLC
Spiess,connie
Warranty Deed
$259,088 · Amcore Bank
Nov 24, 2003
—
Connie Spiess
Harris Bank Joliet NA Trustee
Grant Deed
related
—
Jul 21, 2003
—
Connie Spiess
Spiess,steven P
Quit Claim Deed
related
—
Sep 20, 1999
—
First Nat'l Bank Joliet Ttee
Spiess,steven P & Connie F
Grant Deed
related
$1,500,000 · First National Bank Joliet
—
—
Vans Drive 2 LLC
—
Deed Of Trust
related
$2,471,828 · Amcore 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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