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Property profile & analytics
OFF-MARKET
Industrial properties
1502 Cir Ave, Forest Park, IL 60130
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US28-0675895
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1956
Lot
0.33 ac (14,453 SF)
APN
15-24-213-019
UPID
US28-0675895
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
7340 Partners LLC · 12 yrs held
7340 Partners LLC
since 2014
7 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 Forest Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest Park 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
—
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
$22,049
Tax year 2022
Assessed value
$61,517
Assessed 2022
Previous assessed
$85,471
-28.0% YoY
Effective rate
35.84%
On assessed value
Assessed land
$19,872
Assessed improvement
$41,645
Land market value
$79,488
Improvement market value
$166,580
Total market value
$246,068
Applied tax rate
31,038.0000
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
1956
Heating
NONE
Lot
0.33 ac (14,453 SF)
APN
15-24-213-019
UPID
US28-0675895
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
Building & site characteristics
From public records
Year built
1956
Heating
NONE
Lot
0.33 ac
Current owner
From public records · entity-resolved
7340 Partners LLC
Entity
Mailing address
7340 15TH ST, FOREST PARK, IL 60130-2628
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2019
—
7340 Partners LLC
—
Deed
related
$192,074 · Forest Park Nat'l Bk
Jun 2, 2017
—
7340 Partners LLC
—
Deed
related
$74,853 · Forest Park Nat'l Bk
Mar 20, 2014
$275,000
7340 Partners LLC
Herout Frank E JR Trust
Warranty Deed
$220,000 · Forest Park Nat'l Bk
Oct 27, 1999
—
Frank E Herout
American Nat'l Bk & Tr Co Ttee
Grant Deed
related
—
—
—
Herout Frank E JR Trust
—
Deed Of Trust
related
$841,153 · Plumbers' Welfare Fund
—
—
7340 Partners LLC
—
Loan Modification
related
$192,074 · Forest Park Nat'l Bk
—
—
7340 Partners LLC
—
Deed Of Trust
related
$74,853 · Forest Park Nat'l Bk
—
—
Frank E Herout JR.
—
Deed Of Trust
related
$400,000 · Cosmopolitan Bank & Trust
—
—
Herout Frank E JR Trust
—
Deed Of Trust
related
$450,685 · Plumbers' Welfare Fund Local 1
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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