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Property profile & analytics
OFF-MARKET
Commercial land
27th Devon Ave, Hanover Park, IL 60133-4350
Entity Owned
10-yr Hold
Free & Clear
Property ID
US28-2978262
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.44 ac (19,166 SF)
Zoning code
I
APN
01-01-201-006
UPID
US28-2978262
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
by Request
Owner & transaction history
K-c Distributing INC · 10 yrs held
K-c Distributing INC
since 2015
7 recorded transactions
Zoning & alternative use
I · Hanover Park, IL
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 Hanover Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover Park 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$409
Tax year 2023
Assessed value
$4,800
Assessed 2023
Previous assessed
$4,570
+5.0% YoY
Effective rate
8.52%
On assessed value
Assessed land
$4,800
Land market value
$14,400
Total market value
$14,400
Applied tax rate
1,166.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.44 ac (19,166 SF)
Zoning code
I
APN
01-01-201-006
UPID
US28-2978262
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Hanover Park, IL
Zoning I · permitted uses
I · Hanover Park, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanover Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.44 ac
Current owner
From public records · entity-resolved
K-c Distributing INC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 72938, ROSELLE, IL 60172-0938
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2015
$140,000
K-c Distributing INC
27w351 LLC
Warranty Deed
—
Jul 23, 2012
—
27w351 LLC
Marino,keith C & Susan M
Quit Claim Deed
related
—
Jun 10, 2005
—
Keith C Marino
Trust 11908
Grant Deed
$142,000 · Fairway Independent Mortgage
Jan 6, 2003
—
Itasca Bank And Trust Trustee
Mercadante,tamra
Quit Claim Deed
related
—
Jan 6, 2003
$10,500
Itasca Bank & Trust Co Trustee
Itasca Bank & Trust Co Trustee
Grant Deed
related
—
Jul 19, 2002
—
Itasca Bank & Trust Co Ttee
Marino,keith & Susan
Grant Deed
related
—
Jun 6, 2002
—
Keith Marino
Itasca Bank & Trust Co Trustee
Grant Deed
$100,000 · Wells Fargo Bank
Nov 27, 2001
$126,000
Itasca Bank & Trust Co Ttee
Itasca Bank & Trust Co Ttee
Grant Deed
related
—
Feb 22, 1999
—
Itasca Bank & Trust Co Ttee
Hess,warren G
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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