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Property profile & analytics
FOR LEASE
Warehouses
1645 Downs Dr, West Chicago, IL 60185
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0065184
For Lease
1 / 2
$6,590,000
1645 Downs Dr, West Chicago, IL 60185
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Construction
BRICK
Total area
133,520 SF
Lot
6.06 ac (264,061 SF)
Zoning code
I
APN
04-05-302-008
UPID
US28-0065184
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
-
Worldwide Logistic Partners, Inc Warehouse & Storage
-
Graham packaging Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.59M
Owner & transaction history
1645 Downs Owner LP · 4 yrs held
1645 Downs Owner LP
since 2022
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
I · West Chicago, 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 West Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Chicago 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
$7,225,000
ML approach
$6,940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.59M
Range $5.93M – $7.25M · ±10% · vs last sale $6.10M (Nov 10 2021)
Last sale anchor
$6.10M
Nov 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
$49 / 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
$155,205
Tax year 2023
Assessed value
$1,673,320
Assessed 2023
Previous assessed
$1,421,700
+17.7% YoY
Effective rate
9.28%
On assessed value
Assessed land
$264,040
Assessed improvement
$1,409,280
Land market value
$792,120
Improvement market value
$4,227,840
Total market value
$5,019,960
Applied tax rate
4,011.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1976
Construction
BRICK
Heating
NONE
Stories
1
Total area
133,520 SF
Lot
6.06 ac (264,061 SF)
Zoning code
I
APN
04-05-302-008
UPID
US28-0065184
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · West Chicago, IL
Zoning I · permitted uses
I · West Chicago, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Chicago. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Construction
BRICK
Heating
NONE
Stories
1
Lot
6.06 ac
Current owner
From public records · entity-resolved
1645 Downs Owner LP
Entity
Mailing address
700 N PEARL STN1650, DALLAS, TX 75201-2824
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2022
—
1645 Downs Owner LP
Wmi Cp LLC
Re-recorded Document
related
—
Nov 10, 2021
$6,100,000
1645 Downs Owner LP
Wmi Cp LLC
Special Warranty Deed
$281,400,000 · Truist Bank
Oct 3, 2017
$4,540,000
Wmi Cp LLC
Centerpoint Downs Drive LLC
Grant Deed
—
Feb 22, 2005
—
Jes Downs Drive LLC
Downs Drive LLC
Quit Claim Deed
related
—
Feb 22, 2005
$2,724,500
Centerpoint Downs Drive LLC
Downs Drive LLC
Grant Deed
—
Apr 10, 2002
—
John E Shaffer
Vanzandt,j M
Quit Claim Deed
related
—
Jul 17, 2000
—
Downs Drive LLC
—
Deed Of Trust
related
$6,900,000 · Mony Life Insurance Co
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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