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Property profile & analytics
OFF-MARKET
Estimated value
$1,890,000
Industrial properties
1500 Hicks Rd, Rolling Meadows, IL 60008-1200
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-1694541
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Total area
31,000 SF
Lot
2.03 ac (88,427 SF)
APN
02-26-200-065
UPID
US28-1694541
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 Ritchie & Associates Inc Insurance Agency
-
National Restoration Systems, Inc. Construction Company General Contractor
-
Robert Borg Construction Company, Inc. Construction Company General Contractor
-
Unbreakable Ink Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.79M
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$1.89M
Owner & transaction history
Sawmill Industrial Five LLC · 3 yrs held
Sawmill Industrial Five LLC
since 2023
Last sale
$1.9M
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 Rolling Meadows submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rolling Meadows 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
$1,810,000
ML approach
$1,790,000
CAP Approach
CAP Return
Estimation
6%
$2,225,000
6.5%
$2,055,000
7%
$1,905,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,425,000
Current use
Blend value · Realmo final
$1.89M
Range $1.70M – $2.08M · ±10% · vs last sale $1.90M (Jun 12 2023)
Last sale anchor
$1.90M
Jun 12 2023
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
$61 / 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
$124,682
Tax year 2022
Assessed value
$400,463
Assessed 2022
Previous assessed
$320,370
+25.0% YoY
Effective rate
31.13%
On assessed value
Assessed land
$132,750
Assessed improvement
$267,713
Land market value
$531,000
Improvement market value
$1,070,852
Total market value
$1,601,852
Applied tax rate
29,029.0000
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
1970
Heating
NONE
Stories
1
Total area
31,000 SF
Lot
2.03 ac (88,427 SF)
APN
02-26-200-065
UPID
US28-1694541
Jurisdiction
COOK
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
$2.4M
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
1970
Heating
NONE
Stories
1
Lot
2.03 ac
Current owner
From public records · entity-resolved
Sawmill Industrial Five LLC
Entity
Mailing address
1500 HICKS RD, ROLLING MEADOWS, IL 60008-1200
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Jun 12, 2023
$1,900,000
Sawmill Industrial Five LLC
Fifteen Hundred Hicks Building Corp
Warranty Deed
$1,400,000 · Merchants And Manufacturers Bank
—
—
Fifteen Hundred Hicks Building
—
Deed Of Trust
related
$250,000 · American Chartered Bank
—
—
1500 Hicks Building Corp
—
Deed Of Trust
related
$1,256,000 · American Chartered Bank
—
—
Fifteen Hundred Hicks Building
—
Deed Of Trust
related
$200,000 · American Chartered Bank
—
—
Fifteen Hundred Hicks Building
—
Deed Of Trust
related
$125,000 · American Chartered 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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