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Property profile & analytics
OFF-MARKET
Estimated value
$405,000
Industrial properties
1505 Gilpen Ave South Elgin, IL 60177-1211
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US28-0129847
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1978
Total area
14,940 SF
Lot
0.96 ac (41,600 SF)
APN
06-26-176-012
UPID
US28-0129847
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
-
Midwest Skylite Systems Metal Fabrication Plant Factory
-
Clark Life Insurance Solutions Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$990k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$405k
Owner & transaction history
Gone Gilpen LLC · 9 yrs held
Gone Gilpen LLC
since 2017
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 South Elgin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Elgin 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%
$1,070,000
6.5%
$990,000
7%
$920,000
Blend value · Realmo final
$405k
Range $365k – $446k · ±10%
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
$27 / 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
$22,591
Tax year 2022
Assessed value
$262,522
Assessed 2022
Previous assessed
$245,439
+7.0% YoY
Effective rate
8.61%
On assessed value
Assessed land
$46,317
Assessed improvement
$216,205
Land market value
$138,951
Improvement market value
$648,615
Total market value
$787,566
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
1978
Heating
NONE
Total area
14,940 SF
Lot
0.96 ac (41,600 SF)
APN
06-26-176-012
UPID
US28-0129847
Jurisdiction
KANE
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
1978
Heating
NONE
Lot
0.96 ac
Current owner
From public records · entity-resolved
Gone Gilpen LLC
Entity
Mailing address
423 S 2ND ST, SAINT CHARLES, IL 60174-2818
Ownership since
2017
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
Apr 19, 2017
$720,000
Gone Gilpen LLC
Welch Real Estate Holding LLC
Warranty Deed
$540,000 · Stc Capital Bank
Oct 13, 2004
—
Welch Real Estate Holdings LLC
—
Trustees Deed
related
$315,000 · Elgin State Bank
Mar 5, 2004
—
Welch Real Estate Holding LLC
Welch,tr
Quit Claim Deed
related
—
May 28, 2003
$550,000
Welch,tr
Lasalle Bank NA Trustee
Grant Deed
$440,000 · First Community Bank
—
—
Welch Real Estate Holdings LLC
—
Deed Of Trust
related
$452,039 · First Community Bank
—
—
Welch,tr
—
Deed Of Trust
related
$75,000 · First Community Bank
—
—
Welch Real Estate Holdings LLC
—
Deed Of Trust
related
$493,398 · First Community Bank
—
—
Welch,tr
—
Deed Of Trust
related
$493,398 · First Community Bank
—
—
Welch Real Estate Holdings LLC
—
Deed Of Trust
related
$500,000 · Elgin State Bank
—
—
Welch Real Estate Holdings LLC
—
Deed Of Trust
related
$648,000 · First Community 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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