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Property profile & analytics
OFF-MARKET
Estimated value
$5,930,000
Industrial properties
1805 Industrial Ct Belvidere, IL 61008-6345
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-4760135
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2005
Total area
105,000 SF
Lot
16 ac (696,973 SF)
APN
05-33-400-026
UPID
US28-4760135
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
-
FREUDENBERG FILTRATION TECHNOLOGIES Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.02M
Blend (final)
Blend
$5.93M
Owner & transaction history
Landmark Industrial Court LLC · 7 yrs held
Landmark Industrial Court LLC
since 2019
Last sale
$5.9M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.7M
+85.3%
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 Belvidere submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belvidere 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
$6,560,000
ML approach
$6,275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,720,000
Current use
COMMERCIAL (GENERAL)
$8,745,000
Change: +85% · Conversion: Difficult
Blend value · Realmo final
$5.93M
Range $5.34M – $6.52M · ±10% · vs last sale $5.90M (Jul 29 2022)
Last sale anchor
$5.90M
Jul 29 2022
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
$56 / 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
$136,509
Tax year 2023
Assessed value
$1,460,236
Assessed 2023
Previous assessed
$1,437,596
+1.6% YoY
Effective rate
9.35%
On assessed value
Assessed land
$157,964
Assessed improvement
$1,302,272
Land market value
$473,892
Improvement market value
$3,906,816
Total market value
$4,380,708
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
2005
Stories
1
Total area
105,000 SF
Lot
16 ac (696,973 SF)
APN
05-33-400-026
UPID
US28-4760135
Jurisdiction
BOONE
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
$4.7M
COMMERCIAL (GENERAL)
Est. value
$8.7M
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
2005
Stories
1
Lot
16 ac
Current owner
From public records · entity-resolved
Landmark Industrial Court LLC
Entity
Free & Clear · 7 yrs held
Mailing address
25274 CAMINO DE TIERRA, DESCANSO, CA 91916-9822
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2019
$252,500
Landmark Industrial Court LLC
Stag Belvirede II LLC
Warranty Deed
—
Jun 26, 2013
$5,711,500
Stag Belvidere LLC
Townhall 4 LLC
Warranty Deed
—
Apr 15, 2013
—
Jjd Townhall LLC
Townhall 4 LLC
Warranty 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.
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