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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Industrial properties
2604 Grant Ave, Bellwood, IL 60104
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-0259095
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1966
Lot
1.2 ac (52,272 SF)
APN
15-09-201-014
UPID
US28-0259095
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
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.25M
Owner & transaction history
Transmissions Realty LLC · 4 yrs held
Transmissions Realty LLC
since 2022
Last sale
$1.3M
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
$1,265,000
ML approach
$1,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.25M (Jan 14 2022)
Last sale anchor
$1.25M
Jan 14 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
—
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
$66,899
Tax year 2022
Assessed value
$127,644
Assessed 2022
Previous assessed
$130,289
-2.0% YoY
Effective rate
52.41%
On assessed value
Assessed land
$28,864
Assessed improvement
$98,780
Land market value
$115,456
Improvement market value
$395,120
Total market value
$510,576
Applied tax rate
31,182.0000
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
1966
Heating
NONE
Stories
1
Lot
1.2 ac (52,272 SF)
APN
15-09-201-014
UPID
US28-0259095
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
1966
Heating
NONE
Stories
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Transmissions Realty LLC
Entity
Mailing address
1824 FILLMORE AVE, BUFFALO, NY 14214-2906
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2022
$1,250,000
Transmissions Realty LLC
Chicago Title Land Trust Company
Deed
$937,500 · Pan American Bank & Trust
Jan 18, 2018
—
Trust 8002373985
—
Deed
related
$716,000 · Pan American Bk&tr
Nov 1, 2017
$355,000
Trust 8002373985
Trust 8002373953
Grant Deed
related
—
May 1, 2017
—
Trust 8002373953
Clerk Of Cook County
Tax Deed
related
—
Oct 15, 2003
—
Grant Avenue Properties LLC
Lakeside Bank Trustee
Grant Deed
related
—
Oct 17, 2002
$580,000
Lakeside Bank Trustee
National Bank Commerce Tr & Sa
Grant Deed
related
$600,000 · Lakeside Bank
Jul 24, 2000
—
National Bank Of Commerce
Banco Popular North America Tt
Quit Claim Deed
related
—
Mar 26, 1998
$581,500
Banco Popular Ttee
Chicago Trust Co Ttee
Grant Deed
related
$650,000 · Banco Popular NA
—
—
Grant Avenue Properties LLC
—
Deed Of Trust
related
$636,313 · Lakeside Bank
—
—
Grant Avenue Properties LLC
—
Deed Of Trust
related
$315,687 · Lakeside Bank
—
—
Grant Avenue Properties LLC
—
Deed Of Trust
related
$313,394 · Lakeside Bank
—
—
Grant Avenue Properties LLC
—
Deed Of Trust
related
$636,313 · Lakeside Bank
—
—
Grant Avenue Properties LLC
—
Deed Of Trust
related
$630,923 · Lakeside Bank
—
—
Banco Popular Trustee
—
Deed Of Trust
related
$624,121 · National Bank Commerce Tr & Sa
—
—
Grant Avenue Properties LLC
—
Deed Of Trust
related
$315,687 · Lakeside Bank
—
—
Grant Avenue Properties LLC
—
Deed Of Trust
related
$243,687 · Lakeside Bank
—
—
Trust 8002373985
—
Deed Of Trust
related
$716,000 · Pan American Bk&tr
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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