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Property profile & analytics
FOR LEASE
Industrial properties
2500 Westfield Dr, Elgin, IL 60124
Entity Owned
~
Est. High Equity
Property ID
US28-2414212
For Lease
1 / 2
$32,680,000
2500 Westfield Dr, Elgin, IL 60124
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1990
Total area
522,133 SF
APN
03-31-276-013
UPID
US28-2414212
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
-
Healthcare Financial Resources Financial Advisor
-
Chase Insurance Direct Inc: Shimp Timothy Insurance Agency
-
FedEx Drop Box Postal Service Courier Service
-
HFRI LLC Physician
-
Advantax Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$34.58M
Comparable Approach
Comparable
$44.50M
Blend (final)
Blend
$32.68M
Owner & transaction history
Bmark 2018-b6 Elgin Office Campus LLC
Bmark 2018-b6 Elgin Office Campus LLC
since 2026
6 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$37,460,000
6.5%
$34,580,000
7%
$32,110,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$53,395,000
Current use
Blend value · Realmo final
$32.68M
Range $29.41M – $35.95M · ±10%
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
$63 / 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
$692,130
Tax year 2022
Assessed value
$8,189,619
Assessed 2022
Previous assessed
$7,732,621
+5.9% YoY
Effective rate
8.45%
On assessed value
Assessed land
$2,418,068
Assessed improvement
$5,771,551
Land market value
$7,254,204
Improvement market value
$17,314,653
Total market value
$24,568,857
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
For Lease
Year built
1990
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
522,133 SF
APN
03-31-276-013
UPID
US28-2414212
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
$53.4M
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
1990
Heating
NONE
Cooling
Yes
Stories
3
Current owner
From public records · entity-resolved
Bmark 2018-b6 Elgin Office Campus LLC
Entity
Mailing address
2500 WESTFIELD DR, ELGIN, IL 60124-7836
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2026
—
Bmark 2018-b6 Elgin Office Campus LLC
Adventus Us Realty 1 LP
Special Warranty Deed
—
Aug 1, 2018
—
Adventus Us Realty 1 LP
—
Grant Deed
related
$20,750,000 · Jpmorgan Chase Bk NA
Oct 9, 2012
—
Adventus Us Realty 1 LP
—
Deed Of Trust
related
$20,000,000 · Ge Com'l Finance Business Prop
Apr 19, 2012
—
Adventus Us Realty 1 LP
Breof Bnk2 Midwest LLC
Quit Claim Deed
related
$20,000,000 · Ge Com'l Finance Business Prop
Aug 31, 2007
$22,217,000
Breop Bnk2 Midwest LLC
First USA Management Svcs INC
Grant Deed
related
$248,000,000 · General Electric Capital Corp
—
—
Adventus Us Realty 1 LP
—
Deed Of Trust
related
$22,000,000 · J P Morgan Chase Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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