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Property profile & analytics
OFF-MARKET
Estimated value
$32,975,000
Industrial properties
230 Lies Rd 60, Carol Stream, IL 60188-9418
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0052802
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
347,400 SF
Lot
15.31 ac (666,904 SF)
Zoning code
I
APN
02-29-204-006
UPID
US28-0052802
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
-
LagasseSweet Warehouse & Storage
-
Essendant - Chicago Facilities Supplies Distribution Center Distribution Center Logistics Company
-
ONECCO General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.01M
Comparable Approach
Comparable
$33.05M
Blend (final)
Blend
$32.98M
Owner & transaction history
Civf Vii Il 1 B02 LLC · 3 yrs held
Civf Vii Il 1 B02 LLC
since 2022
Last sale
$32.8M
7 recorded transactions
Zoning & alternative use
I · Carol Stream, 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 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
$33,245,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$24,925,000
6.5%
$23,005,000
7%
$21,365,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$43,020,000
Current use
WAREHOUSE, STORAGE
$36,180,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$32.98M
Range $29.68M – $36.27M · ±10% · vs last sale $32.80M (Dec 22 2022)
Last sale anchor
$32.80M
Dec 22 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
$95 / 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
$578,962
Tax year 2023
Assessed value
$6,479,710
Assessed 2023
Previous assessed
$5,351,820
+21.1% YoY
Effective rate
8.93%
On assessed value
Assessed land
$1,444,960
Assessed improvement
$5,034,750
Land market value
$4,334,880
Improvement market value
$15,104,250
Total market value
$19,439,130
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
347,400 SF
Lot
15.31 ac (666,904 SF)
Zoning code
I
APN
02-29-204-006
UPID
US28-0052802
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
$43.0M
WAREHOUSE, STORAGE
Est. value
$36.2M
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
15.31 ac
Current owner
From public records · entity-resolved
Civf Vii Il 1 B02 LLC
Entity
Mailing address
1 BEACON ST #2800, BOSTON, MA 02108-3107
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2023
—
Civf Vii Il1b02 LLC
—
Deed
related
$195,000,000 · Nationwide Life Insurance Company
Oct 11, 2023
—
Civf Vii Il1b02 LLC
—
Deed
related
$390,000,000 · Nationwide Life Insurance Company
Dec 22, 2022
$32,800,000
Civf Vii Il 1 B02 LLC
Mm Industrial Lies Road LLC
Special Warranty Deed
—
Apr 14, 2017
—
Mm Industrial Lies Road LLC
—
Deed
related
$13,300,000 · Miscellaneous Ins Co
Mar 6, 2013
—
Mm Industrial Lies Road LLC
—
Deed Of Trust
related
$36,138,044 · Prudential Retirement Ins & An
Mar 30, 2005
$11,549,500
Mm Industrial Lies Road LLC
Champion One Industrial
Grant Deed
—
—
—
Mm Industrial Lies Road LLC
—
Deed Of Trust
related
$13,300,000 · Miscellaneous Ins Co
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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