New search
Property profile & analytics
OFF-MARKET
Industrial properties
16673 Exchange Ave, Lansing, IL 60438
Entity Owned
6-yr Hold
Free & Clear
Property ID
US28-2051354
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Lot
27.43 ac (1,194,851 SF)
APN
30-19-302-007
UPID
US28-2051354
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Plymouth South Chicago LLC · 6 yrs held
Plymouth South Chicago LLC
since 2019
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 Lansing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lansing 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,456,719
Tax year 2022
Assessed value
$2,241,419
Assessed 2022
Previous assessed
$2,241,419
+0.0% YoY
Effective rate
64.99%
On assessed value
Assessed land
$1,717,563
Assessed improvement
$523,856
Land market value
$6,870,252
Improvement market value
$2,095,424
Total market value
$8,965,676
Applied tax rate
37,291.0000
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
1986
Heating
NONE
Lot
27.43 ac (1,194,851 SF)
APN
30-19-302-007
UPID
US28-2051354
Jurisdiction
COOK
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
1986
Heating
NONE
Lot
27.43 ac
Current owner
From public records · entity-resolved
Plymouth South Chicago LLC
Entity
Free & Clear · 6 yrs held
Mailing address
20 CUSTOM HOUSE ST, BOSTON, MA 02110-3513
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2024
—
Plymouth South Chicago LLC
—
Deed
related
$90,000,000 · Voya Investment Management LLC
Sep 16, 2019
$12,697,500
Plymouth South Chicago LLC
Dof IV Sc 16801 Exchange Ave L
Grant Deed
—
Dec 1, 2017
—
Dof IV Sc 201-215 E 171st St
—
Grant Deed
related
$21,980,000 · Miscellaneous Ins Co
Sep 28, 2016
—
Colfin Cobalt I-ii Sub LLC
Colfin Cobalt I-ii Owner LLC
Quit Claim Deed
related
—
Dec 30, 2014
$11,396,500
Colfin Cobalt I-ii Owner LLC
Cobalt Industrial Reit II
Grant Deed
related
$1,132,750 · General Elec Cap
Sep 27, 2012
—
Cobalt Industrial Reit II
—
Deed Of Trust
related
$120,000,000 · Bank Of America
Jan 16, 2008
$10,883,333
Cobalt Industrial Reit II
Columbia Il Exchange Indl LLC
Grant Deed
$106,500 · Ing Life Ins & Annunity Co
Oct 17, 2005
$11,900,000
Columbia Illinois Exchange Ind
Prentiss Properties R/e Fund I
Grant 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 16673 Exchange Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
