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Property profile & analytics
OFF-MARKET
Estimated value
$26,680,000
Industrial properties
2400 Galvin Dr 2430, Elgin, IL 60124-7883
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-5779134
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2000
Total area
342,700 SF
APN
03-30-126-002
UPID
US28-5779134
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
-
Convenience Concepts Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.70M
Comparable Approach
Comparable
$29.21M
Blend (final)
Blend
$26.68M
Owner & transaction history
Np Nwcp 2400 2416 Galvin LLC · 1 yrs held
Np Nwcp 2400 2416 Galvin LLC
since 2025
Last sale
$27.3M
5 recorded transactions
Zoning & alternative use
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 Elgin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elgin 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
$26,845,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$24,585,000
6.5%
$22,695,000
7%
$21,075,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$35,045,000
Current use
Blend value · Realmo final
$26.68M
Range $24.01M – $29.35M · ±10% · vs last sale $27.33M (May 3 2021)
Last sale anchor
$27.33M
May 3 2021
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 2022Property tax & assessments
Tax year 2022
Tax billed
$618,317
Tax year 2022
Assessed value
$7,316,230
Assessed 2022
Previous assessed
$6,134,164
+19.3% YoY
Effective rate
8.45%
On assessed value
Assessed land
$1,556,990
Assessed improvement
$5,759,240
Land market value
$4,670,970
Improvement market value
$17,277,720
Total market value
$21,948,690
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
2000
Heating
NONE
Stories
1
Total area
342,700 SF
APN
03-30-126-002
UPID
US28-5779134
Jurisdiction
KANE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$35.0M
INDUSTRIAL (GENERAL) Current
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
2000
Heating
NONE
Stories
1
Current owner
From public records · entity-resolved
Np Nwcp 2400 2416 Galvin LLC
Entity
Mailing address
1 OAKBROOK TER STE #400, OAKBROOK TERRACE, IL 60181-4449
Ownership since
2025
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
Jun 10, 2025
$34,490,000
Np Nwcp 2400 2416 Galvin LLC
Northwest Logistics Park Portfolio
Special Warranty Deed
$178,000,000 · Newy York Life Insurance Company
May 3, 2021
$27,330,000
Northwest Logistics Park Portfolio
Tlf Northwest Corporate Park Viii L
Special Warranty Deed
—
Feb 13, 2013
—
Northwest Corporate Park I Tlf
—
Deed Of Trust
related
$10,520,000 · Metropolitan Life Insurance
May 4, 2011
$19,880,000
Tlf Northwest Corporate Park Viii L
Northwest Viii LLC
Special Warranty Deed
$10,520,000 · Metropolitan Life Insurance Co
Jun 4, 2004
$2,366,000
Towne Realty INC
Northwest Viii LLC
Grant Deed
—
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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