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Property profile & analytics
OFF-MARKET
Estimated value
$3,805,000
Industrial properties
111 Marquardt Dr, Wheeling, IL 60090-6427
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-5746691
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1982
Lot
2.33 ac (101,495 SF)
APN
03-14-404-064
UPID
US28-5746691
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
-
Apex Decking Construction Company General Contractor
-
Apex Window Werks Hardware & Home Improvement Interior Design
-
Apex Window Werks Chicago Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.81M
Owner & transaction history
Apex Window Werks USA Corp · 3 yrs held
Apex Window Werks USA Corp
since 2023
Last sale
$3.9M
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 Wheeling submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wheeling 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
$3,710,000
ML approach
$3,715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.81M
Range $3.42M – $4.19M · ±10% · vs last sale $3.90M (Jan 31 2023)
Last sale anchor
$3.90M
Jan 31 2023
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
$231,635
Tax year 2022
Assessed value
$720,047
Assessed 2022
Previous assessed
$443,825
+62.2% YoY
Effective rate
32.17%
On assessed value
Assessed land
$177,625
Assessed improvement
$542,422
Land market value
$710,500
Improvement market value
$2,169,688
Total market value
$2,880,188
Applied tax rate
38,042.0000
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
1982
Heating
NONE
Lot
2.33 ac (101,495 SF)
APN
03-14-404-064
UPID
US28-5746691
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
1982
Heating
NONE
Lot
2.33 ac
Current owner
From public records · entity-resolved
Apex Window Werks USA Corp
Entity
Mailing address
111 E MARQUARDT DR, WHEELING, IL 60090-6427
Ownership since
2023
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
Jan 31, 2023
$3,900,000
Apex Window Werks USA Corp
111 East Marquardt Drive LLC
Warranty Deed
$500,000 · Bank Of America NA
Jan 31, 2023
—
Apex Realty Corp
Apex Window Werks USA Corp
Warranty Deed
$514,000 · Small Business Growth Corporation
Jan 8, 2019
—
111 East Marquardt Drive LLC
—
Deed
related
$1,731,756 · First Midwest Bk
Dec 22, 2006
$2,017,500
111 East Marquardt Drive LLC
George Frazier Marquardt LLC
Grant Deed
$1,694,400 · Banco Popular NA
Aug 27, 2004
$2,100,000
George Frazier Marquardt LLC
Marquardt Mgmt Co Trust
Warranty Deed
related
$1,300,000 · Charter One Bank
—
—
111 East Marquardt Drive LLC
—
Loan Modification
related
$1,731,756 · First Midwest Bk
—
—
111 East Marquardt Drive LLC
—
Deed Of Trust
related
$300,000 · Banco Popular NA
—
—
111 East Marquardt Drive LLC
—
Deed Of Trust
related
$1,810,064 · Banco Popular NA
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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