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Property profile & analytics
OFF-MARKET
Estimated value
$5,305,000
Industrial properties
139 Exchange Blvd, Glendale Heights, IL 60139-2095
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1989066
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1991
Construction
TILT-UP CONCRETE
Total area
50,022 SF
Lot
3.94 ac (171,626 SF)
Zoning code
I
APN
02-27-107-008
UPID
US28-1989066
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
-
Marcy Laboratories Warehouse & Storage
-
Glendale Heights, IL Association / Organization
-
Zep Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.31M
CAP Approach
CAP
$3.32M
Comparable Approach
Comparable
$5.61M
Blend (final)
Blend
$5.31M
Owner & transaction history
Marcy Labs Real Estate Investments · 3 yrs held
Marcy Labs Real Estate Investments
since 2022
Last sale
$5.3M
7 recorded transactions
Zoning & alternative use
I · Glendale Heights, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.3M
+70.6%
Warehouse, storage
$5.2M
+7.0%
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
$5,350,000
ML approach
$5,310,000
CAP Approach
CAP Return
Estimation
6%
$3,590,000
6.5%
$3,315,000
7%
$3,075,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,870,000
Current use
COMMERCIAL (GENERAL)
$8,305,000
Change: +71% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,210,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$5.31M
Range $4.77M – $5.84M · ±10% · vs last sale $5.28M (Jul 14 2022)
Last sale anchor
$5.28M
Jul 14 2022
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
$106 / 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
$146,180
Tax year 2023
Assessed value
$1,482,230
Assessed 2023
Previous assessed
$1,122,040
+32.1% YoY
Effective rate
9.86%
On assessed value
Assessed land
$400,460
Assessed improvement
$1,081,770
Land market value
$1,201,380
Improvement market value
$3,245,310
Total market value
$4,446,690
Applied tax rate
2,218.0000
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
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
50,022 SF
Lot
3.94 ac (171,626 SF)
Zoning code
I
APN
02-27-107-008
UPID
US28-1989066
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
$4.9M
COMMERCIAL (GENERAL)
Est. value
$8.3M
WAREHOUSE, STORAGE
Est. value
$5.2M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
3.94 ac
Current owner
From public records · entity-resolved
Marcy Labs Real Estate Investments
Entity
Mailing address
4TH POWIS RD, WEST CHICAGO, IL 60185-1002
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2024
—
Marcy Labs Real Estate Investments
—
Deed
related
$1,300,000 · Old National Bank
Sep 12, 2024
—
Marcy Labs Real Estate Investments
—
Deed
related
$1,300,000 · Old National Bank
Jul 14, 2022
$5,281,000
Marcy Labs Real Estate Investments
Acuity Specialty Products INC
Special Warranty Deed
$2,844,500 · Old National Bank
Jan 25, 2018
—
Acuity Specialty Products INC
—
Grant Deed
related
$595,000,000 · Keybank USA
Nov 30, 2007
—
Acuity Specialty Products INC
Old Abi LLC
Grant Deed
—
—
—
Acuity Specialty Products INC
—
Deed Of Trust
related
$402,500,000 · Jefferies Fin
—
—
Acuity Specialty Products INC
—
Deed Of Trust
related
$325,000,000 · Bank Of America
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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