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Property profile & analytics
OFF-MARKET
Estimated value
$4,090,000
Industrial properties
1215 Bowes Rd 1225, Elgin, IL 60123-5542
Entity Owned
~
Est. High Equity
Property ID
US28-1596776
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1998
Total area
49,000 SF
Lot
3.23 ac (140,699 SF)
APN
06-27-401-009
UPID
US28-1596776
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
by Request
CAP Approach
CAP
$3.25M
Comparable Approach
Comparable
$4.11M
Blend (final)
Blend
$4.09M
Owner & transaction history
1215 Boes Road Investors LLC
1215 Boes Road Investors LLC
since 2026
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.9M
+61.8%
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 Elgin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elgin 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%
$3,515,000
6.5%
$3,245,000
7%
$3,015,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,635,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,880,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$4.09M
Range $3.68M – $4.50M · ±10% · vs last sale $4.50M (Mar 2 2026)
Last sale anchor
$4.50M
Mar 2 2026
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
$83 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$101,074
Tax year 2022
Assessed value
$1,165,641
Assessed 2022
Previous assessed
$1,089,791
+7.0% YoY
Effective rate
8.67%
On assessed value
Assessed land
$217,376
Assessed improvement
$948,265
Land market value
$652,128
Improvement market value
$2,844,795
Total market value
$3,496,923
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
1998
Heating
NONE
Total area
49,000 SF
Lot
3.23 ac (140,699 SF)
APN
06-27-401-009
UPID
US28-1596776
Jurisdiction
KANE
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1998
Heating
NONE
Lot
3.23 ac
Current owner
From public records · entity-resolved
1215 Boes Road Investors LLC
Entity
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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
Mar 2, 2026
$4,500,000
1215 Boes Road Investors LLC
Breit Industrial Us Property Owner
Special Warranty Deed
—
Jan 11, 2018
—
Breit Indl Hs Prop Owner LLC
—
Loan Modification
related
$472,000,000 · Bank Of America
Nov 14, 2017
—
Breit Indl Hs Prop Owner LLC
—
Loan Modification
related
$372,000,000 · Bank Of America
Jun 13, 2017
—
Breit Indl Hs Prop Owner LLC
—
Grant Deed
related
$292,000,000 · Bank Of America
Apr 21, 2017
$3,500,000
Breit Indl Hs Prop Owner LLC
1215 Bowes Road Investors LP
Grant Deed
—
Feb 2, 2015
$3,050,000
1215 Bowes Road Investors LP
Trust 07-11108
Grant Deed
—
Nov 28, 2007
$3,325,000
North Star Trust Co
Stark & Assoc LLC
Warranty Deed
$2,250,000 · Village Bank & Trust
May 16, 2005
—
Stark & Assoc LLC
—
Trustees Deed
related
$650,000 · First Choice Bank
Mar 18, 1998
—
Stark & Assoc LLC
—
Deed Of Trust
related
$4,000,000 · American Nat'l Bk & Tr Chicago
Feb 19, 1998
—
Stark
Stark Trust
Quit Claim Deed
related
—
—
—
Stark & Assoc LLC
—
Deed Of Trust
related
$750,000 · American Nat'l Bk & Tr Chicago
—
—
1215 Bowes Road Investors LP
—
Deed Of Trust
related
$17,600,000 · Miscellaneous Ins Co
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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