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Property profile & analytics
FOR LEASE
Industrial properties
1100 Carolina Dr, West Chicago, IL 60185
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-1180359
For Lease
$10 SF/Yr
1100 Carolina Dr, West Chicago, IL 60185
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Total area
30,000 SF
Lot
4.18 ac (182,081 SF)
Zoning code
I
APN
01-33-300-013
UPID
US28-1180359
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.39M
Owner & transaction history
Carolina Realty LLC · 2 yrs held
Carolina Realty LLC
since 2024
Last sale
$4.4M
5 recorded transactions
Zoning & alternative use
I · West Chicago, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.8M
+156.3%
Retail stores
$6.5M
+145.2%
Commercial (general)
$6.0M
+127.1%
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 West Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Chicago 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
$4,390,000
ML approach
$4,390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,635,000
Current use
MEDICAL BUILDING
$6,760,000
Change: +156% · Conversion: Difficult
RETAIL STORES
$6,465,000
Change: +145% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,990,000
Change: +127% · Conversion: Difficult
OFFICE BUILDING
$5,375,000
Change: +104% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,125,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$4.39M
Range $3.95M – $4.83M · ±10% · vs last sale $4.39M (Jan 31 2024)
Last sale anchor
$4.39M
Jan 31 2024
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
$146 / 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
$54,584
Tax year 2023
Assessed value
$591,840
Assessed 2023
Previous assessed
$563,660
+5.0% YoY
Effective rate
9.22%
On assessed value
Assessed land
$278,920
Assessed improvement
$312,920
Land market value
$836,760
Improvement market value
$938,760
Total market value
$1,775,520
Applied tax rate
1,007.0000
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
For Lease
Year built
1988
Heating
NONE
Total area
30,000 SF
Lot
4.18 ac (182,081 SF)
Zoning code
I
APN
01-33-300-013
UPID
US28-1180359
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · West Chicago, IL
Zoning I · permitted uses
I · West Chicago, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Chicago. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$6.8M
RETAIL STORES
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.0M
OFFICE BUILDING
Est. value
$5.4M
WAREHOUSE, STORAGE
Est. value
$3.1M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Lot
4.18 ac
Current owner
From public records · entity-resolved
Carolina Realty LLC
Entity
Mailing address
1100 CAROLINA DR, WEST CHICAGO, IL 60185-5126
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Feb 1, 2024
—
Carolina Realty LLC
—
Deed
related
$1,797,000 · Small Business Growth Corporation
Jan 31, 2024
$4,390,000
Carolina Realty LLC
1100 Carolina Drive LLC
Special Warranty Deed
$2,195,000 · Bank Of America NA
Jul 23, 2021
$2,000,000
1100 Carolina Drive LLC
Linda Howler
Executors Deed
$1,600,000 · Bank Of The West
Oct 10, 2017
—
Walter L Howler
Howler,kelly M
Quit Claim Deed
related
—
—
—
Walter L Howler
—
Deed Of Trust
related
$967,934 · American Nat'l Bk & Tr Chicago
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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