New search
Property profile & analytics
OFF-MARKET
Estimated value
$54,400,000
Warehouses
1860 Jefferson Ave, Naperville, IL 60540-3918
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2383473
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Total area
829,087 SF
Lot
35.83 ac (1,560,755 SF)
Zoning code
C
APN
07-22-102-021
UPID
US28-2383473
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
-
Kc sal3s Nightclub Music Venue
-
Crate and Barrel Outlet Parking Lot Home Decor Store Department Store
-
Crate Furniture & Home Goods Home Decor Store
-
Crate & Barrel Outlet Discount Store Clothing & Fashion Store
-
CB2 Outlet Discount Store Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$54.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$65.23M
Blend (final)
Blend
$54.40M
Owner & transaction history
1860 W Jefferson LLC · 1 yrs held
1860 W Jefferson LLC
since 2024
Last sale
$54.4M
6 recorded transactions
Zoning & alternative use
C · 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
$54,400,000
ML approach
$54,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$80,130,000
Current use
Blend value · Realmo final
$54.40M
Range $48.96M – $59.84M · ±10% · vs last sale $54.40M (Sep 26 2024)
Last sale anchor
$54.40M
Sep 26 2024
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
$66 / 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
$942,291
Tax year 2023
Assessed value
$14,093,070
Assessed 2023
Previous assessed
$14,093,070
+0.0% YoY
Effective rate
6.69%
On assessed value
Assessed land
$2,120,040
Assessed improvement
$11,973,030
Land market value
$6,360,120
Improvement market value
$35,919,090
Total market value
$42,279,210
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
1998
Heating
NONE
Total area
829,087 SF
Lot
35.83 ac (1,560,755 SF)
Zoning code
C
APN
07-22-102-021
UPID
US28-2383473
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
C · Naperville, IL
Zoning C · permitted uses
C · 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
$80.1M
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
1998
Heating
NONE
Lot
35.83 ac
Current owner
From public records · entity-resolved
1860 W Jefferson LLC
Entity
Mailing address
1200 17TH ST STE #1850, DENVER, CO 80202-5020
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2025
—
1860 W Jefferson LLC
—
Deed
related
$60,000,000 · Us Bank NA
Sep 26, 2024
$54,400,000
1860 W Jefferson LLC
Duke Secured Financing 2009 Unm LLC
Warranty Deed
$84,000,000 · Azalea General Partnership
Jun 17, 2016
—
Duke Secured Financing 2009-un
—
Deed
related
$43,000,000 · Miscellaneous Ins Co
May 23, 2016
—
Duke Secured Financing 2009-un
Duke Realty Illinois West Jeff
Quit Claim Deed
—
Feb 14, 2012
$28,250,000
Realty Illinois West Jeff Duke
Db Real Estate West Jefferson
Warranty Deed
—
—
—
Duke Secured Financing 2009-un
—
Deed Of Trust
related
$43,000,000 · Miscellaneous Ins 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.
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 1860 Jefferson 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.
