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Property profile & analytics
OFF-MARKET
Estimated value
$2,555,000
Industrial properties
1575 Executive Dr, Elgin, IL 60123-9363
Entity Owned
~
Est. High Equity
Property ID
US28-5856940
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Total area
31,050 SF
APN
03-33-428-001
UPID
US28-5856940
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
-
Wisdom Adhesives Worldwide Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.42M
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$2.56M
Owner & transaction history
Induction Innovation INC
Induction Innovation INC
since 2025
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.7M
+61.8%
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 Elgin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$2,505,000
ML approach
$2,420,000
CAP Approach
CAP Return
Estimation
6%
$2,230,000
6.5%
$2,055,000
7%
$1,910,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,300,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,725,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$2.56M
Range $2.30M – $2.81M · ±10% · vs last sale $3.25M (Jul 9 2025)
Last sale anchor
$3.25M
Jul 9 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
$82 / 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
$45,558
Tax year 2022
Assessed value
$521,481
Assessed 2022
Previous assessed
$492,382
+5.9% YoY
Effective rate
8.74%
On assessed value
Assessed land
$159,981
Assessed improvement
$361,500
Land market value
$479,943
Improvement market value
$1,084,500
Total market value
$1,564,443
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
1980
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
31,050 SF
APN
03-33-428-001
UPID
US28-5856940
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1980
Heating
NONE
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Induction Innovation INC
Entity
Mailing address
700 TOLLGATE RD, ELGIN, IL 60123-9369
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2025
$3,250,000
Induction Innovation INC
Component Management Group LLC
Special Warranty Deed
$2,600,000 · Associated Bank NA
Apr 24, 2025
—
Induction Innovations INC
—
Deed
related
$2,600,000 · Associated Bank NA
Mar 7, 2022
$2,475,000
Component Management Group LLC
H B Fuller Company
Special Warranty Deed
—
Feb 2, 2017
$1,460,000
Willow Lake Sub LLC
He Wisdom & Sons INC
Warranty Deed
—
Feb 2, 2017
—
He Wisdom & Sons INC
Wisdom Props LLC-executive Dri
Quit Claim Deed
related
—
Jun 23, 2003
$1,533,000
Wisdom Properties LLC
Centerpoint Properties Trust
Grant Deed
$750,000 · Mid America Bank Fsb
Aug 13, 1998
$591,000
Centerpoint Properties Trust
American Nat'l Bk & Tr Co Chic
Grant Deed
—
—
—
Wisdom Props LLC-executive Dri
—
Deed Of Trust
related
$700,000 · American Bank & Trust
—
—
Wisdom Props LLC-executive Dri
—
Deed Of Trust
related
$920,000 · American Bank & Trust
—
—
Wisdom Properties LLC
—
Deed Of Trust
related
$619,000 · Somercor 504 INC
—
—
Wisdom Properties LLC
—
Deed Of Trust
related
$636,511 · American Bank & Trust
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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