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Property profile & analytics
OFF-MARKET
Estimated value
$5,245,000
Industrial properties
1040 Muirfield Dr, Hanover Park, IL 60133-5468
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1781949
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1996
Construction
TILT-UP CONCRETE
Total area
108,077 SF
Lot
9.15 ac (398,574 SF)
Zoning code
I
APN
02-05-305-014
UPID
US28-1781949
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
-
Pentair Filtration Solutions Home Appliance Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.25M
Owner & transaction history
Muirfield Drive Il LLC · 9 yrs held
Muirfield Drive Il LLC
since 2016
5 recorded transactions
Zoning & alternative use
I · Hanover Park, IL
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 Hanover Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover Park 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%
$7,755,000
6.5%
$7,155,000
7%
$6,645,000
Blend value · Realmo final
$5.25M
Range $4.72M – $5.77M · ±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
$49 / 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
$179,971
Tax year 2023
Assessed value
$2,206,630
Assessed 2023
Previous assessed
$1,802,240
+22.4% YoY
Effective rate
8.16%
On assessed value
Assessed land
$598,840
Assessed improvement
$1,607,790
Land market value
$1,796,520
Improvement market value
$4,823,370
Total market value
$6,619,890
Applied tax rate
2,128.0000
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
1996
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
108,077 SF
Lot
9.15 ac (398,574 SF)
Zoning code
I
APN
02-05-305-014
UPID
US28-1781949
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Hanover Park, IL
Zoning I · permitted uses
I · Hanover Park, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanover Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
9.15 ac
Current owner
From public records · entity-resolved
Muirfield Drive Il LLC
Entity
Mailing address
400 REGENCY FRST DR STE #300, CARY, NC 27518-7703
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2016
$9,000,000
Muirfield Drive Il LLC
Iac 1040 Muirfield LLC
Special Warranty Deed
$48,000,000 · Wells Fargo Bank NA
May 22, 2006
—
Iac 1040 Muirfield LLC
Muirfield Partnership
Special Warranty Deed
$4,500,000 · Nli Commercial Mortgage Fund LLC
Apr 17, 2000
—
Muirfield Partnership
—
Deed Of Trust
related
$4,400,000 · Plainsbank Of Illinois NA
—
—
Muirfield Partnership
—
Deed Of Trust
related
$4,617,000 · First National Bank
—
—
Iac 1040 Muirfield LLC
—
Deed Of Trust
related
$3,826,476 · Bank Of America
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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