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Property profile & analytics
OFF-MARKET
Estimated value
$18,820,000
Industrial properties
26051 Cleveland Ave Ste 200 Monee, IL 60449-9838
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-3214263
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
11.02 ac (480,031 SF)
APN
21-14-20-302-005
UPID
US28-3214263
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.82M
Owner & transaction history
Chicago Nine Indl Cleveland L · 6 yrs held
Chicago Nine Indl Cleveland L
since 2020
Last sale
$19.7M
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 Monee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monee 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
$24,980,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$18.82M
Range $16.94M – $20.70M · ±10% · vs last sale $19.71M (Mar 5 2020)
Last sale anchor
$19.71M
Mar 5 2020
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 2023Property tax & assessments
Tax year 2023
Tax billed
$747,046
Tax year 2023
Assessed value
$6,488,997
Assessed 2023
Previous assessed
$6,488,997
+0.0% YoY
Effective rate
11.51%
On assessed value
Assessed land
$184,730
Assessed improvement
$6,304,267
Land market value
$554,190
Improvement market value
$18,912,801
Total market value
$19,466,991
Applied tax rate
2,140.0000
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
Heating
NONE
Stories
1
Lot
11.02 ac (480,031 SF)
APN
21-14-20-302-005
UPID
US28-3214263
Jurisdiction
WILL
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
Heating
NONE
Stories
1
Lot
11.02 ac
Current owner
From public records · entity-resolved
Chicago Nine Indl Cleveland L
Individual
Mailing address
29100 NORTHWESTERN HWY STE #410, SOUTHFIELD, MI 48034-1081
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Mar 5, 2020
$19,711,779
Chicago Nine Indl Cleveland L
Monee Venture Three LLC
Grant Deed
$51,155,000 · Citi R/e Fndg INC
Jan 23, 2020
—
Monee Venture Three LLC
Trust Number 128262
Grant Deed
related
—
Oct 22, 2019
—
Monee Venture Three LLC
—
Loan Modification
related
$14,292,361 · Lake Forest Bk&tr
Jan 18, 2019
—
Trust No 128262
—
Grant Deed
related
$24,040,000 · Monee Venture Three LLC
May 3, 2011
—
Ogden Corporate Center LLC
—
Deed Of Trust
related
$2,784,000 · Bank Of America
—
—
Trust 128262
—
Deed Of Trust
related
$715,000 · Lake Forest 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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