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Property profile & analytics
OFF-MARKET
Estimated value
$3,610,000
Industrial properties
1879 Internationale Blvd, Glendale Heights, IL 60139-2097
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0086932
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1998
Construction
TILT-UP CONCRETE
Total area
29,689 SF
Lot
1.5 ac (65,340 SF)
Zoning code
I
APN
02-27-107-024
UPID
US28-0086932
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
$3.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.29M
Blend (final)
Blend
$3.61M
Owner & transaction history
Mohammad Srour · 1 yrs held
Mohammad Srour
since 2025
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
I · Glendale Heights, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.4M
+86.1%
Commercial (general)
$4.9M
+70.6%
Warehouse, storage
$3.1M
+7.0%
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 Glendale Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale Heights 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
$3,610,000
ML approach
$3,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,890,000
Current use
OFFICE BUILDING
$5,375,000
Change: +86% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,930,000
Change: +71% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,090,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$3.61M
Range $3.25M – $3.97M · ±10% · vs last sale $3.56M (May 3 2022)
Last sale anchor
$3.56M
May 3 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
$122 / 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
$85,691
Tax year 2023
Assessed value
$868,880
Assessed 2023
Previous assessed
$718,630
+20.9% YoY
Effective rate
9.86%
On assessed value
Assessed land
$157,540
Assessed improvement
$711,340
Land market value
$472,620
Improvement market value
$2,134,020
Total market value
$2,606,640
Applied tax rate
2,218.0000
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
1998
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
29,689 SF
Lot
1.5 ac (65,340 SF)
Zoning code
I
APN
02-27-107-024
UPID
US28-0086932
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Glendale Heights, IL
Zoning I · permitted uses
I · Glendale Heights, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.9M
OFFICE BUILDING
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$4.9M
WAREHOUSE, STORAGE
Est. value
$3.1M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
1.5 ac
Current owner
From public records · entity-resolved
Mohammad Srour
Individual
Mailing address
156 BRIARWOOD N, OAK BROOK, IL 60523-8719
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Feb 24, 2025
$3,960,000
Mohammad Srour
Inno Tech LLC
Warranty Deed
—
Nov 16, 2022
—
Inno Tech LLC
—
Deed
related
$2,316,503 · First National Bank Of Omaha
May 3, 2022
$3,564,000
Inno Tech LLC
1879 Internationale Properties LLC
Warranty Deed
—
Dec 4, 2003
$2,100,000
1879 Internationale Properties
Bloomingdale Bank & Trust Ttee
Grant Deed
$1,680,000 · General Electric Capital Busin
Jun 22, 1999
—
Bloomingdale Bank & Trust Ttee
—
Deed Of Trust
related
$1,000,000 · International Commercial Bank
Jul 9, 1998
—
Bloomingdale Bank & Trust Ttee
—
Grant Deed
related
$900,000 · Bloomingdale Bank & Trust
Jan 20, 1998
$332,500
Bloomingdale Bk & Tr Ttee
Industrial Developments Intern
Grant Deed
related
$200,000 · Bloomingdale Bk & Tr
—
—
1879 Internationale Properties
—
Loan Modification
related
$852,708 · Sun Nat'l Bk
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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