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Property profile & analytics
OFF-MARKET
Estimated value
$10,180,000
Industrial properties
21st Thorndale Ave, Itasca, IL 60143-1153
Entity Owned
3-yr Hold
Absentee Owner
Property ID
US28-1703807
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2024
Construction
TILT-UP CONCRETE
Total area
130,500 SF
Lot
2.48 ac (108,029 SF)
Zoning code
R
APN
02-01-401-005
UPID
US28-1703807
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
$9.09M
CAP Approach
CAP
$8.64M
Comparable Approach
Comparable
$10.92M
Blend (final)
Blend
$10.18M
Owner & transaction history
1406 Thorndale Investors LLC · 3 yrs held
1406 Thorndale Investors LLC
since 2022
Last sale
$10.3M
5 recorded transactions
Zoning & alternative use
R · Itasca, 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 Itasca submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Itasca 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
$10,390,000
ML approach
$9,085,000
CAP Approach
CAP Return
Estimation
6%
$9,365,000
6.5%
$8,640,000
7%
$8,025,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$13,620,000
Current use
WAREHOUSE, STORAGE
$13,590,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$10.18M
Range $9.16M – $11.20M · ±10% · vs last sale $10.25M (Dec 27 2022)
Last sale anchor
$10.25M
Dec 27 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
$78 / 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
$4,343
Tax year 2023
Assessed value
$61,380
Assessed 2023
Previous assessed
$60,990
+0.6% YoY
Effective rate
7.08%
On assessed value
Assessed land
$61,380
Land market value
$184,140
Total market value
$184,140
Applied tax rate
2,054.0000
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
2024
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
2
Rooms
5
Bathrooms
1
Total area
130,500 SF
Lot
2.48 ac (108,029 SF)
Zoning code
R
APN
02-01-401-005
UPID
US28-1703807
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
R · Itasca, IL
Zoning R · permitted uses
R · Itasca, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Itasca. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$13.6M
WAREHOUSE, STORAGE
Est. value
$13.6M
INDUSTRIAL (GENERAL) Current
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
2024
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Rooms
5
Bathrooms
1
Lot
2.48 ac
Current owner
From public records · entity-resolved
1406 Thorndale Investors LLC
Entity
Mailing address
600 UNICORN PARK DR STE #2, WOBURN, MA 01801-3376
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2022
$10,250,000
1406 Thorndale Investors LLC
Andrene Lane LLC
Special Warranty Deed
—
Jun 17, 2022
$2,161,000
Andrene Lane LLC
London Crf LLC
Special Warranty Deed
—
Dec 23, 2021
—
London Crf LLC
Elysian Capital Partners LLC
Quit Claim Deed
related
—
Mar 11, 2021
$825,000
Elysian Capital Partners LLC
Itasca Bank And Trust Company
Deed
—
Sep 17, 2007
—
Schiller John Trust
Schiller,john M
Quit Claim Deed
related
—
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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