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Property profile & analytics
OFF-MARKET
Estimated value
$10,800,000
Industrial properties
1600 Pr Dr, Sycamore, IL 60178-3203
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-4688248
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2010
Construction
CONCRETE BLOCKS
Total area
128,192 SF
Lot
18.02 ac (784,951 SF)
APN
09-05-351-018
UPID
US28-4688248
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
-
Cole Pallet Services Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.80M
CAP Approach
CAP
$8.49M
Comparable Approach
Comparable
$8.05M
Blend (final)
Blend
$10.80M
Owner & transaction history
Cole Pallet Properties LLC · 2 yrs held
Cole Pallet Properties LLC
since 2024
Last sale
$10.8M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.3M
+73.6%
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 Sycamore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sycamore 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
$10,800,000
ML approach
$10,800,000
CAP Approach
CAP Return
Estimation
6%
$9,195,000
6.5%
$8,490,000
7%
$7,885,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,220,000
Current use
COMMERCIAL (GENERAL)
$14,270,000
Change: +74% · Conversion: Difficult
Blend value · Realmo final
$10.80M
Range $9.72M – $11.88M · ±10% · vs last sale $10.80M (May 24 2024)
Last sale anchor
$10.80M
May 24 2024
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
$84 / 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
$235,958
Tax year 2023
Assessed value
$2,642,140
Assessed 2023
Previous assessed
$2,642,140
+0.0% YoY
Effective rate
8.93%
On assessed value
Assessed land
$386,869
Assessed improvement
$2,255,271
Land market value
$1,160,607
Improvement market value
$6,765,813
Total market value
$7,926,420
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
2010
Construction
CONCRETE BLOCKS
Heating
NONE
Total area
128,192 SF
Lot
18.02 ac (784,951 SF)
APN
09-05-351-018
UPID
US28-4688248
Jurisdiction
DE KALB
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
$8.2M
COMMERCIAL (GENERAL)
Est. value
$14.3M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
2010
Construction
CONCRETE BLOCKS
Heating
NONE
Lot
18.02 ac
Current owner
From public records · entity-resolved
Cole Pallet Properties LLC
Entity
Mailing address
1300 OAK ST, DEKALB, IL 60115-3559
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2025
—
Cole Pallet Properties LLC
—
Deed
related
$4,907,000 · Somercor 504 LLC
May 24, 2024
$10,800,000
Cole Pallet Properties LLC
Becker Tr Realty Holdings LLC
Warranty Deed
$6,000,000 · Resource Bank
Jul 25, 2016
—
Backer Trust Realty Holding LLC
Ideal Industries INC
Grant Deed
related
—
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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