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Property profile & analytics
OFF-MARKET
Estimated value
$7,260,000
Industrial properties
1500 Bryn Mawr Ave, Itasca, IL 60143-1318
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-2356468
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
59,355 SF
Lot
3.6 ac (156,816 SF)
Zoning code
I
APN
02-12-201-006
UPID
US28-2356468
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
-
Phoenix Converting LLC Industrial Manufacturer Factory
-
Advanced Converting Works Industrial Manufacturer Production Facility
-
Pheonix Converting, LLC Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.14M
Blend (final)
Blend
$7.26M
Owner & transaction history
Stag Industrial Holdings LLC · 4 yrs held
Stag Industrial Holdings LLC
since 2021
Last sale
$7.2M
6 recorded transactions
Zoning & alternative use
I · Itasca, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.6M
+71.7%
Commercial (general)
$9.8M
+58.6%
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 Itasca submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Itasca 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
$8,350,000
ML approach
$8,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,195,000
Current use
OFFICE BUILDING
$10,640,000
Change: +72% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,820,000
Change: +59% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,180,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$7.26M
Range $6.53M – $7.99M · ±10% · vs last sale $7.20M (Jul 20 2021)
Last sale anchor
$7.20M
Jul 20 2021
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
$122 / 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
$90,294
Tax year 2023
Assessed value
$1,276,280
Assessed 2023
Previous assessed
$1,022,130
+24.9% YoY
Effective rate
7.07%
On assessed value
Assessed land
$365,900
Assessed improvement
$910,380
Land market value
$1,097,700
Improvement market value
$2,731,140
Total market value
$3,828,840
Applied tax rate
2,054.0000
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
59,355 SF
Lot
3.6 ac (156,816 SF)
Zoning code
I
APN
02-12-201-006
UPID
US28-2356468
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Itasca, IL
Zoning I · permitted uses
I · Itasca, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Itasca. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.2M
OFFICE BUILDING
Est. value
$10.6M
COMMERCIAL (GENERAL)
Est. value
$9.8M
WAREHOUSE, STORAGE
Est. value
$6.2M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
3.6 ac
Current owner
From public records · entity-resolved
Stag Industrial Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1 FEDERAL ST23FL, BOSTON, MA 02110-2012
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jul 20, 2021
$7,197,000
Stag Industrial Holdings LLC
Tlp 1500 Bryn Mawr LLC
Special Warranty Deed
—
Oct 28, 2020
—
Tlp 1500 Bryn Mawr LLC
—
Deed
related
$5,955,000 · Byline Bk
Feb 12, 2020
$4,400,000
Tlp 1500 Bryn Mawr LLC
1500 Bryn Mawr LLC
Special Warranty Deed
$5,645,383 · Byline Bank
Jun 11, 2015
$3,330,000
1500 Bryn Mawr LLC
Prologis 2 LP
Special Warranty Deed
$2,664,000 · Bmo Harris Bank NA
Jan 16, 1998
$1,428,000
Amb Property 2 LP
Apt Ind/apts Realty INC
Grant Deed
—
—
—
Tlp 1500 Bryn Mawr LLC
—
Loan Modification
related
$5,955,000 · Byline Bk
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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