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Property profile & analytics
OFF-MARKET
Estimated value
$20,135,000
Industrial properties
1600 Hunter Rd, Hanover Park, IL 60133-6767
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US28-2560747
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1996
Total area
212,860 SF
Lot
13.09 ac (570,200 SF)
Zoning code
I
APN
01-13-409-005
UPID
US28-2560747
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
-
Insight Enterprises, Inc. IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Distribution Center Distribution Center Logistics Company
-
Swift Transportation Trucking Company
-
Insigth global Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.10M
Comparable Approach
Comparable
$21.23M
Blend (final)
Blend
$20.14M
Owner & transaction history
Frg X Co Il LP
Frg X Co Il LP
since 2025
Last sale
$23.7M
6 recorded transactions
Zoning & alternative use
I · Hanover Park, IL
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 Hanover Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover 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
Method
Estimation
Statistic approach
$27,505,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,270,000
6.5%
$14,095,000
7%
$13,090,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$24,145,000
Current use
Blend value · Realmo final
$20.14M
Range $18.12M – $22.15M · ±10% · vs last sale $23.70M (Aug 10 2021)
Last sale anchor
$23.70M
Aug 10 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
$95 / 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
$338,398
Tax year 2023
Assessed value
$3,517,430
Assessed 2023
Previous assessed
$3,349,940
+5.0% YoY
Effective rate
9.62%
On assessed value
Assessed land
$1,036,620
Assessed improvement
$2,480,810
Land market value
$3,109,860
Improvement market value
$7,442,430
Total market value
$10,552,290
Applied tax rate
1,004.0000
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
1996
Heating
NONE
Total area
212,860 SF
Lot
13.09 ac (570,200 SF)
Zoning code
I
APN
01-13-409-005
UPID
US28-2560747
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Hanover Park, IL
Zoning I · permitted uses
I · Hanover Park, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanover Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$24.1M
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
1996
Heating
NONE
Lot
13.09 ac
Current owner
From public records · entity-resolved
Frg X Co Il LP
Entity
Mailing address
55TH C O FARA PTN, CHICAGO, IL 60607
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2025
—
Frg X Co Il LP
Frg X Il1 LP
Deed
related
$273,000,000 · Capital One NA
Aug 10, 2021
$23,700,000
Frg X Il1 LP
Gpt Hunter Road Owner LLC
Special Warranty Deed
—
Oct 15, 2018
—
Gpt Hunter Road Owner LLC
—
Grant Deed
related
—
Aug 31, 2016
$20,702,500
Gpt Hunter Road Owner LLC
Buckhead-dupage Indl Props Ll
Grant Deed
—
Aug 31, 2016
—
Buckhead-dupage Indl Props Ll
Buckhead Properties LP
Quit Claim Deed
related
—
May 18, 2006
—
Buckhead-dupage Indl Props Ll
Buckhead Industrial Props INC
Quit Claim Deed
—
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.
Try Rey
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