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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Industrial properties
1840 Pickwick Ln, Glenview, IL 60026-1307
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-0040037
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1967
Lot
0.82 ac (35,550 SF)
APN
04-28-200-019
UPID
US28-0040037
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
-
Rdg Chicago Restaurant Property Management Company
-
Restaurants America Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
Orion Enterprises INC · 5 yrs held
Orion Enterprises INC
since 2021
Last sale
$740,000
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 Glenview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glenview 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
$655,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $740k (May 17 2021)
Last sale anchor
$740k
May 17 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
—
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
$39,792
Tax year 2022
Assessed value
$184,998
Assessed 2022
Previous assessed
$184,998
+0.0% YoY
Effective rate
21.51%
On assessed value
Assessed land
$75,543
Assessed improvement
$109,455
Land market value
$302,172
Improvement market value
$437,820
Total market value
$739,992
Applied tax rate
25,038.0000
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
1967
Heating
NONE
Lot
0.82 ac (35,550 SF)
APN
04-28-200-019
UPID
US28-0040037
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
1967
Heating
NONE
Lot
0.82 ac
Current owner
From public records · entity-resolved
Orion Enterprises INC
Entity
Mailing address
2635 CANTERBURY DR, NORTHBROOK, IL 60062-6503
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2021
$740,000
Orion Enterprises INC
1840 Pickwick LLC
Warranty Deed
—
May 18, 2018
—
1840 Pickwick LLC
—
Deed
related
$930,000 · Greenfield Jennifer R Tr (rt)
Feb 3, 2004
$850,000
1840 Pickwick LLC
Lee,soong Gil
Grant Deed
$680,000 · Bank Financial Fsb
Feb 20, 2003
$623,500
Soon G Lee
Chicago Title Land Tr Co Ttee
Grant Deed
$436,000 · Foster Bank
Apr 14, 1999
—
Chicago Title Land Tr Co Ttee
—
Deed Of Trust
related
$1,200,000 · First American Savings Bank
—
—
1840 Pickwick LLC
—
Deed Of Trust
related
$750,000 · Edgebrook Bk
—
—
1840 Pickwick LLC
—
Deed Of Trust
related
$350,000 · Robert Colman
—
—
Chicago Title Land Tr Co Ttee
—
Deed Of Trust
related
$750,000 · First American Savings Bank
—
—
1840 Pickwick LLC
—
Deed Of Trust
related
$1,000,000 · Edgebrook Bank
—
—
1840 Pickwick LLC
—
Deed Of Trust
related
$930,000 · Greenfield Jennifer R Tr (rt)
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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