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Property profile & analytics
OFF-MARKET
Estimated value
$17,400,000
Industrial properties
199 Shepard Ave, Wheeling, IL 60090-6021
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-5894965
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
3.49 ac (152,024 SF)
APN
03-11-305-028
UPID
US28-5894965
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
-
Seal Freight LLC (CROSS DOCKING, STORAGE WAREHOUSE) Warehouse & Storage
-
K1 Transfreight Inc Trucking Company
-
Mobile Semi Truck Repair Road service wheeling (Bike/Boat/Book/etc) Store Auto Parts Store
-
Glass replacement for windows Chicago - United Windows Pro Hardware & Home Improvement Interior Design
-
Metal Blaze General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.40M
Owner & transaction history
Jv Global Services LLC · 6 yrs held
Jv Global Services LLC
since 2019
Last sale
$17.4M
4 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 Wheeling submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wheeling 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$50,791
Tax year 2022
Assessed value
$158,912
Assessed 2022
Previous assessed
$158,918
0.0% YoY
Effective rate
31.96%
On assessed value
Assessed land
$106,517
Assessed improvement
$52,395
Land market value
$426,068
Improvement market value
$209,580
Total market value
$635,648
Applied tax rate
38,055.0000
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
Heating
NONE
Lot
3.49 ac (152,024 SF)
APN
03-11-305-028
UPID
US28-5894965
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
Heating
NONE
Lot
3.49 ac
Current owner
From public records · entity-resolved
Jv Global Services LLC
Entity
Mailing address
540 ALLENDALE DR, WHEELING, IL 60090-2603
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2019
$4,850,000
Jv Global Services LLC
Schirmang Real Estate LLC
Warranty Deed
$4,340,000 · First Midwest Bank
Mar 8, 2007
$1,310,000
Schirmang Real Estate LLC
Schirmang W P 2005 Trust
Warranty Deed
related
$1,310,000 · Schirmang William P 2005 Trust
—
—
W Schirmang
—
Deed Of Trust
related
$1,200,000 · Pecyna
—
—
Skokie Valley Beverage Co
—
Deed Of Trust
related
$1,200,000 · Daniel W Pecyna Trustee
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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