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Property profile & analytics
OFF-MARKET
Estimated value
$5,010,000
Industrial properties
250 Covington Dr, Bloomingdale, IL 60108-3106
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-5772144
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1991
Construction
TILT-UP CONCRETE
Total area
41,676 SF
Lot
3.03 ac (131,987 SF)
Zoning code
I
APN
02-20-105-014
UPID
US28-5772144
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
$5.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.35M
Blend (final)
Blend
$5.01M
Owner & transaction history
Illinois Alpha Targeting Therapies · 1 yrs held
Illinois Alpha Targeting Therapies
since 2024
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
I · Bloomingdale, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.5M
+58.0%
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 Bloomingdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bloomingdale 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
$5,010,000
ML approach
$5,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,730,000
Current use
OFFICE BUILDING
$7,470,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$5.01M
Range $4.51M – $5.51M · ±10% · vs last sale $5.01M (Aug 6 2024)
Last sale anchor
$5.01M
Aug 6 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
$120 / 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
$108,331
Tax year 2023
Assessed value
$1,230,120
Assessed 2023
Previous assessed
$1,096,710
+12.2% YoY
Effective rate
8.81%
On assessed value
Assessed land
$318,970
Assessed improvement
$911,150
Land market value
$956,910
Improvement market value
$2,733,450
Total market value
$3,690,360
Applied tax rate
2,030.0000
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
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
41,676 SF
Lot
3.03 ac (131,987 SF)
Zoning code
I
APN
02-20-105-014
UPID
US28-5772144
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Bloomingdale, IL
Zoning I · permitted uses
I · Bloomingdale, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bloomingdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.7M
OFFICE BUILDING
Est. value
$7.5M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
3.03 ac
Current owner
From public records · entity-resolved
Illinois Alpha Targeting Therapies
Individual
Mailing address
250 COVINGTON DR, BLOOMINGDALE, IL 60108-3106
Mailing matches property
Yes
Owner-occupied
Yes
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2024
$5,009,000
Illinois Alpha Targeting Therapies
Blue A2 Investments LLC
Special Warranty Deed
—
May 20, 2024
—
Blue A2 Investments LLC
—
Deed
related
$2,000,000 · Bank Of America NA
Mar 6, 2023
$3,550,000
Blue A2 Investments LLC
Altak INC
Warranty Deed
$1,991,928 · Bmo Harris Bank NA
Oct 30, 2019
—
Altak INC
—
Deed
related
$813,000 · Bmo Harris Bank NA
Jan 30, 2017
—
Altak INC
—
Deed
related
$1,450,000 · Bmo Harris Bank NA
Jan 30, 2013
—
Altak INC
—
Deed Of Trust
related
$4,506,465 · J P Morgan Chase Bank
May 8, 2008
—
Altak INC
Airkab LLC
Quit Claim Deed
related
—
Feb 5, 2004
$2,440,000
Airkab LLC
Norcor Covington Assoc LLC
Grant Deed
—
Feb 5, 2004
—
Airkab LLC
—
Deed Of Trust
related
$3,400,000 · Bank One NA
Dec 23, 1997
$612,500
Norcor Covington Associates
Roberts,raymond J
Trustees Deed
—
Dec 23, 1997
$1,470,000
Roberts,raymond J
Mg Partnership
Trustees Deed
—
Dec 23, 1997
$367,500
Norcor Covington Associates
Neely,theron C
Trustees Deed
$1,300,000 · Builders Bank
—
—
Altak INC
—
Deed Of Trust
related
$2,290,617 · J P Morgan Chase Bank
—
—
Kenneth D Hofacker
—
Deed Of Trust
related
$177,000 · Wells Fargo Home Mortgage INC
—
—
Altak INC
—
Deed Of Trust
related
$2,216,248 · J P Morgan Chase Bank
—
—
Norcor Covington Associates Ll
—
Deed Of Trust
related
$1,825,000 · Golden American Life Insurance
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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