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Property profile & analytics
FOR LEASE
Industrial properties
1180 Atlantic Dr, West Chicago, IL 60185
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1078433
For Lease
1 / 2
$9 SF/Yr
1180 Atlantic Dr, West Chicago, IL 60185
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1990
Total area
17,476 SF
Lot
1 ac (43,560 SF)
Zoning code
I
APN
01-33-301-033
UPID
US28-1078433
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
-
Classic Hardware And Door Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.20M
Owner & transaction history
Randall Terrace Health Care Center · 3 yrs held
Randall Terrace Health Care Center
since 2023
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
I · West Chicago, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.8M
+18.5%
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
$1,115,000
ML approach
$1,180,000
CAP Approach
CAP Return
Estimation
6%
$1,255,000
6.5%
$1,155,000
7%
$1,075,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,535,000
Current use
WAREHOUSE, STORAGE
$1,820,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±10% · vs last sale $1.27M (Feb 2 2023)
Last sale anchor
$1.27M
Feb 2 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
$68 / 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
$32,711
Tax year 2023
Assessed value
$354,680
Assessed 2023
Previous assessed
$337,790
+5.0% YoY
Effective rate
9.22%
On assessed value
Assessed land
$66,750
Assessed improvement
$287,930
Land market value
$200,250
Improvement market value
$863,790
Total market value
$1,064,040
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
1990
Heating
NONE
Total area
17,476 SF
Lot
1 ac (43,560 SF)
Zoning code
I
APN
01-33-301-033
UPID
US28-1078433
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
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
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
1990
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Randall Terrace Health Care Center
Individual
Mailing address
1051 KETTLE AVE STE #200, NORTH AURORA, IL 60542-2040
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2023
—
Atlantic Property Investments LLC
—
Deed
related
$750,000 · The State Bank Of Geneva
Feb 2, 2023
$1,265,500
Randall Terrace Health Care Center
1180 Atlantic Partners LLC
Special Warranty Deed
—
May 18, 2018
—
1180 Atlantic Partners LLC
—
Deed
related
$412,000 · Wessex 504 Corp
May 8, 2018
—
Atlantic Partners LLC
Supat-atlantic Property LLC
Quit Claim Deed
$800,000 · First American Bk
Aug 9, 2017
—
Supat-atlantic Property LLC
Supat Properties LLC
Quit Claim Deed
related
—
Sep 17, 2008
—
Supat Properties LLC
Trust 514
Grant Deed
—
—
—
1180 Atlantic Partners LLC
—
Deed Of Trust
related
$1,000,000 · First American Bk
—
—
1180 Atlantic Partners LLC
—
Deed Of Trust
related
$412,000 · Wessex 504 Corp
—
—
1180 Atlantic Partners LLC
—
Deed Of Trust
related
$800,000 · First American Bk
—
—
Supat Properties LLC
—
Deed Of Trust
related
$96,772 · Stc Capital 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.
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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