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Property profile & analytics
OFF-MARKET
Estimated value
$9,265,000
Warehouses
2043 Corporate Ln, Naperville, IL 60563-9627
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-2911405
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
304,041 SF
Lot
14.9 ac (649,044 SF)
Zoning code
I
APN
07-03-204-004
UPID
US28-2911405
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
-
Electronic Connector Company Corporate Office
-
JBS Logistics & Warehousing Warehouse & Storage
-
Nova Business Technologies Inc IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Sklad Pena Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.27M
Owner & transaction history
Tga Prairie Point LLC · 6 yrs held
Tga Prairie Point LLC
since 2019
5 recorded transactions
Zoning & alternative use
I · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$30 / 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
$298,126
Tax year 2023
Assessed value
$4,458,820
Assessed 2023
Previous assessed
$3,497,380
+27.5% YoY
Effective rate
6.69%
On assessed value
Assessed land
$1,125,250
Assessed improvement
$3,333,570
Land market value
$3,375,750
Improvement market value
$10,000,710
Total market value
$13,376,460
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
1999
Heating
NONE
Total area
304,041 SF
Lot
14.9 ac (649,044 SF)
Zoning code
I
APN
07-03-204-004
UPID
US28-2911405
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Naperville, IL
Zoning I · permitted uses
I · 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.
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Lot
14.9 ac
Current owner
From public records · entity-resolved
Tga Prairie Point LLC
Entity
Mailing address
PO BOX 30428, CHARLOTTE, NC 28230-0428
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2019
—
Tga Prairie Point LLC
Western A Midwest Il LLC
Warranty Deed
—
Nov 12, 2015
—
Western A Midwest Il LLC
Iit Chicago Portfolio I LLC
Special Warranty Deed
—
Dec 28, 2012
—
Iit Chicago Portfolio I LLC
—
Deed Of Trust
related
$105,000,000 · Jackson National Life Ins Co
Dec 6, 2012
$14,100,000
Iit Chicago Portfolio I LLC
Industrial Property Fund Vi Ll
Grant Deed
—
Jan 4, 2005
$17,612,000
Industrial Prop Fund Vi LLC
Prairie Point Building III LLC
Grant Deed
$70,000,000 · New York Life Insurance
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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