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Property profile & analytics
FOR LEASE
Industrial properties
1400 Powis Rd, West Chicago, IL 60185
Entity Owned
~
Est. High Equity
Property ID
US28-2505841
For Lease
1 / 2
$9 SF/Yr
1400 Powis Rd, West Chicago, IL 60185
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Total area
67,500 SF
Lot
5 ac (217,800 SF)
Zoning code
I
APN
01-32-301-003
UPID
US28-2505841
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
-
Steve's Equipment Services Inc (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.47M
Comparable Approach
Comparable
$4.33M
Blend (final)
Blend
$5.00M
Owner & transaction history
1400 Powis V2 LLC
1400 Powis V2 LLC
since 2025
Last sale
$5.6M
6 recorded transactions
Zoning & alternative use
I · West Chicago, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$7.0M
+18.5%
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 West Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Chicago 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%
$4,845,000
6.5%
$4,470,000
7%
$4,150,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,930,000
Current use
WAREHOUSE, STORAGE
$7,030,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$5.00M
Range $4.50M – $5.50M · ±10% · vs last sale $5.60M (Jun 19 2025)
Last sale anchor
$5.60M
Jun 19 2025
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
$74 / 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
$79,239
Tax year 2023
Assessed value
$979,240
Assessed 2023
Previous assessed
$932,610
+5.0% YoY
Effective rate
8.09%
On assessed value
Assessed land
$313,590
Assessed improvement
$665,650
Land market value
$940,770
Improvement market value
$1,996,950
Total market value
$2,937,720
Applied tax rate
1,002.0000
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
For Lease
Year built
1987
Heating
NONE
Total area
67,500 SF
Lot
5 ac (217,800 SF)
Zoning code
I
APN
01-32-301-003
UPID
US28-2505841
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · West Chicago, IL
Zoning I · permitted uses
I · West Chicago, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Chicago. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.9M
WAREHOUSE, STORAGE
Est. value
$7.0M
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
1987
Heating
NONE
Lot
5 ac
Current owner
From public records · entity-resolved
1400 Powis V2 LLC
Entity
Mailing address
1400 POWIS RD, WEST CHICAGO, IL 60185-1644
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
$5,600,000
1400 Powis V2 LLC
Stephen L Martines Declaration Of T
Special Warranty Deed
—
Jan 31, 2022
$6,700,000
Tcd 238 Aim Property LLC
Liberty Property Limited Partnershi
Special Warranty Deed
—
Dec 16, 2021
—
Stephen L Martines
—
Deed
related
$2,202,482 · The American Commercial Bank & Trust
Jan 3, 2018
—
Martines,stephen L Trust
—
Grant Deed
related
$5,370,000 · Huntington Nat'l Bk
Oct 4, 2005
—
Martines Stephen L Trust
—
Deed Of Trust
related
$2,500,000 · West Suburban Bank
Jun 24, 2005
—
Martines Stephen L Trust
—
Deed Of Trust
related
$2,000,000 · West Suburban 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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