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Property profile & analytics
OFF-MARKET
Estimated value
$4,695,000
Industrial properties
115 Lk Dr, Glendale Heights, IL 60139-4881
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0614130
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2000
Construction
TILT-UP CONCRETE
Total area
79,910 SF
Lot
4.94 ac (215,186 SF)
Zoning code
I
APN
02-33-400-046
UPID
US28-0614130
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
-
Oval Fire Products Corporation Corporate Office
-
Katherine Frank Creative Inc Marketing & Advertising Event Planning
-
Rush My Passport Travel Agency
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.29M
Comparable Approach
Comparable
$4.02M
Blend (final)
Blend
$4.70M
Owner & transaction history
Welsh Glendale LLC · 13 yrs held
Welsh Glendale LLC
since 2013
7 recorded transactions
Zoning & alternative use
I · Glendale Heights, 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 Glendale Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale Heights 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%
$5,735,000
6.5%
$5,290,000
7%
$4,915,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,775,000
Current use
Blend value · Realmo final
$4.70M
Range $4.23M – $5.16M · ±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
$59 / 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
$221,366
Tax year 2023
Assessed value
$2,236,250
Assessed 2023
Previous assessed
$1,567,160
+42.7% YoY
Effective rate
9.90%
On assessed value
Assessed land
$502,050
Assessed improvement
$1,734,200
Land market value
$1,506,150
Improvement market value
$5,202,600
Total market value
$6,708,750
Applied tax rate
2,217.0000
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
2000
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
79,910 SF
Lot
4.94 ac (215,186 SF)
Zoning code
I
APN
02-33-400-046
UPID
US28-0614130
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Glendale Heights, IL
Zoning I · permitted uses
I · Glendale Heights, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$7.8M
INDUSTRIAL (GENERAL) Current
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
2000
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
4.94 ac
Current owner
From public records · entity-resolved
Welsh Glendale LLC
Entity
Mailing address
4350 BAKER RDUNIT 400TH RD STE #400, MINNETONKA, MN 55343
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2021
—
Welsh Glndale LLC
—
Deed
related
—
Apr 30, 2013
—
Welsh Glendale LLC
Woodhouse Glendale LLC
Grant Deed
—
Dec 3, 2010
—
Welsh Glendale LLC
Vanvliet Glendale LLC
Grant Deed
—
Oct 14, 2003
$5,500,000
Welsh Glendale LLC
Centerpoint Properties Trust
Grant Deed
—
Oct 14, 2003
—
Welsh Glendale LLC
—
Deed Of Trust
related
$7,154,125 · Centerpoint Mortgage Corp
Nov 7, 2000
$3,333,500
Centerpoint Properties Trust
Glendale Commerce Center II Ll
Grant Deed
related
—
Aug 12, 1999
$861,000
Glendale Commerce Center II
American Nat'l Bk & Tr Co Ttee
Grant Deed
$3,319,190 · Centerpoint Realty Services
—
—
Welsh Glendale LLC
—
Loan Modification
related
$4,125,000 · Allianz Life Insurance Co N Am
—
—
Welsh Glendale LLC
—
Deed Of Trust
related
$3,465,850 · Allianz Life Insurance Co N Am
—
—
Welsh Glendale LLC
—
Deed Of Trust
related
$4,350,000 · Allianz Life Ins Co N America
—
—
Welsh Glendale LLC
—
Deed Of Trust
related
$4,125,000 · Allianz Life Ins Co N America
—
—
Welsh Glendale LLC
—
Deed Of Trust
related
$3,371,269 · Allianz Life Insurance Co N Am
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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