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Property profile & analytics
OFF-MARKET
Estimated value
$9,535,000
Industrial properties
200 Fullerton Ave, Carol Stream, IL 60188-1826
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-5520473
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
66,254 SF
Lot
4.5 ac (196,020 SF)
Zoning code
I
APN
02-32-201-014
UPID
US28-5520473
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
-
St-Gobain Abrasives Inc Mill Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.10M
Blend (final)
Blend
$9.54M
Owner & transaction history
Tlp 200 East Fullerton LLC · 3 yrs held
Tlp 200 East Fullerton LLC
since 2022
Last sale
$10.0M
7 recorded transactions
Zoning & alternative use
I · Carol Stream, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$14.9M
+81.9%
Retail stores
$14.3M
+74.0%
Commercial (general)
$13.6M
+65.2%
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 Carol Stream submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carol Stream 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
$10,180,000
ML approach
$9,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,205,000
Current use
MEDICAL BUILDING
$14,925,000
Change: +82% · Conversion: Difficult
RETAIL STORES
$14,275,000
Change: +74% · Conversion: Moderate
COMMERCIAL (GENERAL)
$13,560,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$11,875,000
Change: +45% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,900,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$9.54M
Range $8.58M – $10.49M · ±10% · vs last sale $10.04M (Aug 11 2022)
Last sale anchor
$10.04M
Aug 11 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
$144 / 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
$141,915
Tax year 2023
Assessed value
$1,588,300
Assessed 2023
Previous assessed
$1,388,390
+14.4% YoY
Effective rate
8.94%
On assessed value
Assessed land
$457,380
Assessed improvement
$1,130,920
Land market value
$1,372,140
Improvement market value
$3,392,760
Total market value
$4,764,900
Applied tax rate
2,046.0000
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
66,254 SF
Lot
4.5 ac (196,020 SF)
Zoning code
I
APN
02-32-201-014
UPID
US28-5520473
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Carol Stream, IL
Zoning I · permitted uses
I · Carol Stream, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carol Stream. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$8.2M
MEDICAL BUILDING
Est. value
$14.9M
RETAIL STORES
Est. value
$14.3M
COMMERCIAL (GENERAL)
Est. value
$13.6M
OFFICE BUILDING
Est. value
$11.9M
WAREHOUSE, STORAGE
Est. value
$6.9M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
4.5 ac
Current owner
From public records · entity-resolved
Tlp 200 East Fullerton LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2215 YORK RD STE #405, OAK BROOK, IL 60523-4008
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2025
—
Tlp 200 East Fullerton LLC
—
Deed
related
$64,000,000 · Webster Bank NA
Nov 15, 2022
—
Tlp 200 East Fullerton LLC
—
Deed
related
$120,000,000 · Illinois Bank & Trust
Aug 11, 2022
$10,044,500
Tlp 200 East Fullerton LLC
Il 200 E Fulierton Ave De LLC
Special Warranty Deed
—
Sep 28, 2021
$9,300,000
Il 200 E Fullerton Ave De LLC
Cardinal Owner LLC
Special Warranty Deed
$1,000 · Morgan Stanley Bank NA
Mar 4, 2020
—
Cardinal Owner LLC
—
Deed
related
$589,300,000 · Jpmorgan Chase Bank NA
Sep 18, 2019
$9,739,500
Cardinal Owner LLC
Ffiv Il Carol Stream LLC
Grant Deed
—
Nov 9, 2016
$7,201,000
Ffiv Il Carol Stream LLC
200 Fullerton Lane Invtrs LLC
Grant Deed
$52,400,000 · Miscellaneous Ins Co
Jul 6, 2010
$5,835,000
200 Fullerton Lane Invtrs LLC
Realty Associates Fund Viii LP
Grant Deed
$17,517,500 · Aviva Life & Annuity Co
Apr 22, 2008
$4,970,000
Realty Associates Fund Viii
Centerpoint 200 E Fullerton Ll
Grant Deed
—
Oct 18, 2004
$2,361,000
Centerpoint 200 E Fullerton Ll
2oo E Fullerton LLC
Grant Deed
—
Nov 19, 1997
$2,567,000
200 E Fullerton LLC
Lasalle National Bank Trustee
Grant Deed
$56,000,000 · Prudential Securities Credit C
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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