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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Industrial properties
2400 Maywood Dr, Bellwood, IL 60104-2500
Entity Owned
3-yr Hold
Free & Clear
Property ID
US28-5332195
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1958
Total area
42,287 SF
Lot
3.03 ac (131,987 SF)
APN
15-15-102-031
UPID
US28-5332195
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
-
Lakeview Bus Lines, Inc. Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.98M
Owner & transaction history
Cook Wags LLC · 3 yrs held
Cook Wags LLC
since 2023
Last sale
$2.0M
7 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 Bellwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellwood 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
$1,905,000
ML approach
$2,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±10% · vs last sale $2.00M (Jan 3 2023)
Last sale anchor
$2.00M
Jan 3 2023
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
$47 / 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
$201,444
Tax year 2022
Assessed value
$384,360
Assessed 2022
Previous assessed
$384,360
+0.0% YoY
Effective rate
52.41%
On assessed value
Assessed land
$181,506
Assessed improvement
$202,854
Land market value
$726,024
Improvement market value
$811,416
Total market value
$1,537,440
Applied tax rate
31,181.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1958
Heating
NONE
Stories
1
Total area
42,287 SF
Lot
3.03 ac (131,987 SF)
APN
15-15-102-031
UPID
US28-5332195
Jurisdiction
COOK
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
Building & site characteristics
From public records
Year built
1958
Heating
NONE
Stories
1
Lot
3.03 ac
Current owner
From public records · entity-resolved
Cook Wags LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 1018, ANNA MARIA, FL 34216-1018
Ownership since
2023
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
Jan 3, 2023
$2,000,000
Cook Wags LLC
Polar Express School Bus INC
Warranty Deed
—
Jul 15, 2011
—
Polar Express School Bus INC
—
Deed Of Trust
related
$1,743,000 · Old Second National Bank
Dec 26, 2007
$1,900,000
Polar Express School Bus INC
Bellwood Indl Centre LLC
Warranty Deed
$1,520,000 · Heritage Bank
Nov 28, 2006
—
Holdings Bellwood Ind Scarlato
Reina Holdings LLC
Quit Claim Deed
related
$1,260,000 · Mb Financial Bank NA
Dec 22, 1999
$790,000
Bellwood Industrial Centre LLC
American National Can Co
Grant Deed
$632,000 · Lasalle Bank Fsb
—
—
Polar Express School Bus INC
—
Deed Of Trust
related
$1,318,179 · Old Second National Bank
—
—
Polar Express School Bus INC
—
Deed Of Trust
related
$1,190,000 · Cole Taylor Bank
—
—
Polar Express School Bus INC
—
Deed Of Trust
related
$250,000 · Heritage Bank
—
—
Polar Express School Bus INC
—
Loan Modification
related
$1,190,000 · Mb Fin'l Bk
—
—
Bellwood Industrial Centre LLC
—
Deed Of Trust
related
$1,260,000 · South Holland Trust & Savings
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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