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Property profile & analytics
OFF-MARKET
Estimated value
$2,035,000
Industrial properties
1201 Ardmore Ave, Itasca, IL 60143-1187
Trust Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2573955
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,055 SF
Lot
2.72 ac (118,483 SF)
Zoning code
I
APN
02-01-402-025
UPID
US28-2573955
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
-
Jardis Industries Inc Industrial Manufacturer Production Facility
-
Bachi Co Industrial Manufacturer Production Facility
-
Tensor International Industrial Manufacturer Production Facility
-
Xfinity Telecommunications Service Data Center
-
Hansen David Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$2.04M
Owner & transaction history
Jardis,alan W & Bridget A Trust · 7 yrs held
Jardis,alan W & Bridget A Trust
since 2019
7 recorded transactions
Zoning & alternative use
I · Itasca, 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 Itasca submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Itasca 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%
$2,230,000
6.5%
$2,055,000
7%
$1,910,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,240,000
Current use
WAREHOUSE, STORAGE
$3,235,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$2.04M
Range $1.83M – $2.24M · ±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
$66 / 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
$65,748
Tax year 2023
Assessed value
$929,320
Assessed 2023
Previous assessed
$720,280
+29.0% YoY
Effective rate
7.07%
On assessed value
Assessed land
$286,000
Assessed improvement
$643,320
Land market value
$858,000
Improvement market value
$1,929,960
Total market value
$2,787,960
Applied tax rate
2,054.0000
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
31,055 SF
Lot
2.72 ac (118,483 SF)
Zoning code
I
APN
02-01-402-025
UPID
US28-2573955
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Itasca, IL
Zoning I · permitted uses
I · Itasca, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Itasca. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$3.2M
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
2.72 ac
Current owner
From public records · entity-resolved
Jardis,alan W & Bridget A Trust
Trust
Mailing address
3RD RIDGEVIEW ST, WEST CHICAGO, IL 60185-1553
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2019
—
Jardis,alan W & Bridget A Trust
Jardis,alan W
Quit Claim Deed
related
—
Aug 23, 2018
—
Alan W Jardis
—
Deed
related
$1,900,000 · Itasca Bk&tr
Jun 1, 2017
—
Alan W Jardis
—
Deed
related
$300,129 · Mb Fin'l Bk
Nov 18, 2016
—
Alan W Jardis
—
Deed
related
$215,000 · Mb Fin'l Bk
Sep 22, 2008
—
Alan W Jardis
—
Grant Deed
related
$1,500,000 · American Chartered Bank
—
—
Alan W Jardis
—
Deed Of Trust
related
$50,000 · American Chartered Bank
—
—
Alan W Jardis
—
Loan Modification
related
$215,000 · Mb Fin'l Bk
—
—
Alan W Jardis
—
Loan Modification
related
$300,129 · Mb Fin'l Bk
—
—
Alan W Jardis
—
Deed Of Trust
related
$1,275,000 · Lasalle National Bank
—
—
Alan W Jardis
—
Deed Of Trust
related
$1,900,000 · Itasca Bk&tr
—
—
Alan W Jardis
—
Deed Of Trust
related
$1,450,000 · American Chartered 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.
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