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Property profile & analytics
OFF-MARKET
Estimated value
$8,575,000
Industrial properties
1331-1333 Davis Rd 1333, Elgin, IL 60123-1319
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-0591545
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Total area
126,000 SF
APN
03-33-300-089
UPID
US28-0591545
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
$8.35M
Comparable Approach
Comparable
$8.35M
Blend (final)
Blend
$8.58M
Owner & transaction history
Vk 1331 Davis LLC · 1 yrs held
Vk 1331 Davis LLC
since 2024
Last sale
$8.8M
5 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 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%
$9,040,000
6.5%
$8,345,000
7%
$7,750,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,340,000
Current use
Blend value · Realmo final
$8.58M
Range $7.72M – $9.43M · ±10% · vs last sale $8.80M (May 28 2024)
Last sale anchor
$8.80M
May 28 2024
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 2022Property tax & assessments
Tax year 2022
Tax billed
$207,077
Tax year 2022
Assessed value
$2,370,343
Assessed 2022
Previous assessed
$2,238,073
+5.9% YoY
Effective rate
8.74%
On assessed value
Assessed land
$459,147
Assessed improvement
$1,911,196
Land market value
$1,377,441
Improvement market value
$5,733,588
Total market value
$7,111,029
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
1980
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
126,000 SF
APN
03-33-300-089
UPID
US28-0591545
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
$9.3M
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
1980
Heating
NONE
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Vk 1331 Davis LLC
Entity
Mailing address
710 N PLANKINTON AVE STE #340, MILWAUKEE, WI 53203-2417
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2024
$8,800,000
Vk 1331 Davis LLC
Ti Investors Of Elgin LLC
Special Warranty Deed
—
Oct 21, 2011
$4,788,000
Ti Investors Of Elgin LLC
Seigle Invs LLC-1331 Davis Roa
Grant Deed
—
Jan 3, 2006
—
Seigle Investments LLC 1331 Davis R
Harry J Seigle
Warranty Deed
$2,617,112 · Jpmorgan Chase Bank NA
—
—
Ti Investors Of Elgin LLC
—
Deed Of Trust
related
$4,000,000 · Associated Bank
—
—
Ti Investors Of Elgin LLC
—
Loan Modification
related
—
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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