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Property profile & analytics
OFF-MARKET
Estimated value
$2,150,000
Industrial properties
222 James St 24, Bensenville, IL 60106-3319
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1838247
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,236 SF
Lot
1.41 ac (61,420 SF)
Zoning code
I
APN
03-26-208-005
UPID
US28-1838247
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
-
United Refrigeration Inc Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.15M
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$2.15M
Owner & transaction history
Frg X Ap Il LP · 2 yrs held
Frg X Ap Il LP
since 2024
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
I · Bensenville, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.5M
+6.9%
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 Bensenville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bensenville 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
$2,150,000
ML approach
$2,150,000
CAP Approach
CAP Return
Estimation
6%
$1,740,000
6.5%
$1,605,000
7%
$1,490,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,360,000
Current use
WAREHOUSE, STORAGE
$2,525,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$2.15M
Range $1.94M – $2.37M · ±10% · vs last sale $2.15M (Feb 21 2024)
Last sale anchor
$2.15M
Feb 21 2024
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
$89 / 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
$52,356
Tax year 2023
Assessed value
$690,670
Assessed 2023
Previous assessed
$515,210
+34.1% YoY
Effective rate
7.58%
On assessed value
Assessed land
$184,390
Assessed improvement
$506,280
Land market value
$553,170
Improvement market value
$1,518,840
Total market value
$2,072,010
Applied tax rate
3,013.0000
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
24,236 SF
Lot
1.41 ac (61,420 SF)
Zoning code
I
APN
03-26-208-005
UPID
US28-1838247
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Bensenville, IL
Zoning I · permitted uses
I · Bensenville, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bensenville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.5M
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
1.41 ac
Current owner
From public records · entity-resolved
Frg X Ap Il LP
Entity
Mailing address
111 RIV ST #1010, HOBOKEN, NJ 07030-5773
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2024
—
Frg X Ap Il LP
Frg X Il2 LP
Intrafamily Transfer
related
$112,500,000 · Athene Annuity And Life Company
Jul 5, 2022
$2,150,000
Frg X Il2 LP
Chicago Title Land Trust Company
Deed
—
Sep 12, 2019
—
Trust Number 1106055
—
Deed
related
$840,000 · Hinsdale Bk&tr
Jul 24, 1998
$1,200,000
Chicago Title & Trust Co Ttee
American Nat'l Bk & Tr Co Ttee
Grant Deed
$1,698,000 · Heller First Capital
—
—
Trust 11006055
—
Loan Modification
related
$1,937,500 · Schaumburg Bk&tr NA
—
—
Trust Number 1106055
—
Deed Of Trust
related
$840,000 · Hinsdale Bk&tr
—
—
Trust 1106055
—
Deed Of Trust
related
$2,684,976 · Bmo Harris Bank
—
—
Trust 1106055
—
Deed Of Trust
related
$1,087,500 · Schaumburg Bank & Trust Co
—
—
Chicago Title Land Trust Co Tt
—
Deed Of Trust
related
$1,200,000 · Harris Bank Elk Grove NA
—
—
Chicago Title Land Trt Co Ttee
—
Deed Of Trust
related
$150,000 · Harris Bank Elk Grove NA
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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