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Property profile & analytics
OFF-MARKET
Estimated value
$4,800,000
Warehouses
1700 Quincy Ave, Naperville, IL 60540-4176
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0210767
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Total area
52,600 SF
Lot
5.04 ac (219,542 SF)
Zoning code
I
APN
07-15-403-004
UPID
US28-0210767
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
-
Rise Up Hotel & Motel Resort
-
Carroll Construction Supply Big Box & Wholesale Store Building Supply
-
RISE Medical & Recreational Dispensary Naperville (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.97M
Blend (final)
Blend
$4.80M
Owner & transaction history
Iiwii LLC · 13 yrs held
Iiwii LLC
since 2013
7 recorded transactions
Zoning & alternative use
I · Naperville, 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 Naperville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Naperville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,085,000
Current use
Blend value · Realmo final
$4.80M
Range $4.32M – $5.28M · ±10%
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
$91 / 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
$71,738
Tax year 2023
Assessed value
$1,072,920
Assessed 2023
Previous assessed
$1,178,870
-9.0% YoY
Effective rate
6.69%
On assessed value
Assessed land
$298,530
Assessed improvement
$774,390
Land market value
$895,590
Improvement market value
$2,323,170
Total market value
$3,218,760
Applied tax rate
7,030.0000
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
Off-Market
Year built
1988
Heating
NONE
Total area
52,600 SF
Lot
5.04 ac (219,542 SF)
Zoning code
I
APN
07-15-403-004
UPID
US28-0210767
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Naperville, IL
Zoning I · permitted uses
I · Naperville, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Naperville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.1M
WAREHOUSE, STORAGE 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
1988
Heating
NONE
Lot
5.04 ac
Current owner
From public records · entity-resolved
Iiwii LLC
Entity
Mailing address
207 W 22ND ST NO #3, OTTUMWA, IA 52501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2013
—
Iiwii LLC
Carroll,steven D
Warranty Deed
—
Apr 30, 2012
—
Steven D Carroll
Wb Pad Holdings IV LLC
Quit Claim Deed
related
$1,762,500 · Cedar Rapids Bank & Trust Co
Feb 4, 2010
—
William K Connell
—
Grant Deed
related
$5,900,000 · Wheatland Bank
Aug 8, 2001
$2,568,000
William K Connell
Puscheck Enterprises LLC
Grant Deed
$1,926,000 · Lasalle National Bank
Jun 26, 2001
$1,243,000
Puscheck Enterprises LLC
Harris Trust & Savings Bk Ttee
Grant Deed
—
May 9, 2000
—
Harris Bank Naperville Trustee
—
Deed Of Trust
related
$1,346,000 · West Suburban Bank
—
—
William K Connell
—
Deed Of Trust
related
$3,740,000 · Wheatland Bank
—
—
William K Connell
—
Deed Of Trust
related
$2,600,000 · Mutual Bank
—
—
William K Connell
—
Deed Of Trust
related
$1,600,000 · Tucek Ronald E Trust (pt)
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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