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Property profile & analytics
OFF-MARKET
Estimated value
$6,960,000
Warehouses
1400 Brk Dr, Downers Grove, IL 60515-1025
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-5869468
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Total area
138,000 SF
Lot
7.58 ac (330,185 SF)
Zoning code
I
APN
06-30-402-019
UPID
US28-5869468
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
-
Js Fort Group, Inc Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.96M
Owner & transaction history
Vip Mdg LLC · 11 yrs held
Vip Mdg LLC
since 2014
7 recorded transactions
Zoning & alternative use
I · Downers Grove, 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 Downers Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Downers Grove 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$50 / 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
$230,343
Tax year 2023
Assessed value
$2,967,460
Assessed 2023
Previous assessed
$2,824,000
+5.1% YoY
Effective rate
7.76%
On assessed value
Assessed land
$784,320
Assessed improvement
$2,183,140
Land market value
$2,352,960
Improvement market value
$6,549,420
Total market value
$8,902,380
Applied tax rate
6,135.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Heating
NONE
Total area
138,000 SF
Lot
7.58 ac (330,185 SF)
Zoning code
I
APN
06-30-402-019
UPID
US28-5869468
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Downers Grove, IL
Zoning I · permitted uses
I · Downers Grove, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Downers Grove. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Lot
7.58 ac
Current owner
From public records · entity-resolved
Vip Mdg LLC
Entity
Mailing address
477 W WRIGHTWOOD AVE, ELMHURST, IL 60126-1011
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Feb 1, 2022
—
Vip Mdg LLC
—
Deed
related
$7,300,000 · Minnesota Life Insurance Company
Dec 1, 2014
$3,403,500
Vip Mdg LLC
Icre Downers Grove LLC
Grant Deed
$410,000 · Miscellaneous Ins Co
Dec 1, 2014
—
Vip Mdg LLC
Vip Libertyville I LLC
Quit Claim Deed
—
May 5, 2008
$915,000
Icre Downers Grove LLC
Woodgate Associates
Grant Deed
—
May 5, 2008
$1,001,000
Icre Downers Grove LLC
Spring 2 Associates
Grant Deed
—
Mar 6, 2007
$887,500
Icre Downers Grove LLC
Woodgate Associates
Grant Deed
—
Mar 6, 2007
$971,000
Icre Downers Grove LLC
Spring 2 Associates
Grant Deed
—
Jan 7, 2005
$860,000
Vip Mdg LLC
Fr Oakgrove Commons LLC
Grant Deed
$6,560,000 · Nationwide Life Insurance Co
Sep 18, 2003
$1,652,500
Fr Oakgrove Commons LLC
Oakgrove Commons LLC
Grant Deed
related
—
Apr 10, 2002
—
Oakgrove Commons LLC
Nooney Income Fund LLC
Grant Deed
$4,313,700 · 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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