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Property profile & analytics
OFF-MARKET
Industrial properties
300 Airport Rd, Elgin, IL 60123-1600
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US28-2747576
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2008
Total area
176,799 SF
APN
03-34-421-046
UPID
US28-2747576
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
-
Wagner Systems Inc Factory Industrial Manufacturer
-
Physician Sales & Services Inc Medical Supply Store
-
MMK Logistics Warehouse & Storage
-
McKesson Medical-Surgical Corporate Office
-
Exhibit Concepts, Inc. Marketing & Advertising Advertising Agency
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
300 Airport Road Investors LLC
300 Airport Road Investors LLC
since 2026
Last sale
$22.0M
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 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
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 2022Property tax & assessments
Tax year 2022
Tax billed
$295,334
Tax year 2022
Assessed value
$3,494,532
Assessed 2022
Previous assessed
$2,937,920
+18.9% YoY
Effective rate
8.45%
On assessed value
Assessed land
$1,432,995
Assessed improvement
$2,061,537
Land market value
$4,298,985
Improvement market value
$6,184,611
Total market value
$10,483,596
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
2008
Heating
NONE
Stories
1
Total area
176,799 SF
APN
03-34-421-046
UPID
US28-2747576
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
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Stories
1
Current owner
From public records · entity-resolved
300 Airport Road Investors LLC
Entity
Mailing address
2 N RIVERSIDE PLZ STE #2350, CHICAGO, IL 60606-2617
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2026
$22,035,500
300 Airport Road Investors LLC
Harvest A Fox River One LLC
Special Warranty Deed
$39,512,000 · Empower Annuity Insurance Company O
Oct 8, 2019
—
Harvest A Fox River One LLC
—
Loan Modification
related
$445,000,000 · Miscellaneous Ins Co
Dec 16, 2016
—
Harvest A Fox River One LLC
Chicago Suburban Distribution
Trustees Deed
$345,000,000 · Miscellaneous Ins Co
Oct 6, 2014
$15,237,000
Chicago Suburban Distribution
Northern Builders INC
Grant Deed
$59,475,000 · Miscellaneous Ins Co
Oct 6, 2014
—
Northern Builders INC
Fox River One LLC
Grant Deed
—
Jun 27, 2007
$2,637,000
Fox River One LLC
Trust Htb1020
Grant Deed
$10,940,000 · Lasalle National Bank
Jun 27, 2007
$4,101,000
Fox River Business Land LLC
Trust Htb1020
Grant Deed
$4,660,000 · Lasalle National Bank
—
—
Fox River One LLC
—
Deed Of Trust
related
$9,750,000 · Lake Forest Bank & Trust Co
—
—
Fox River One LLC
—
Deed Of Trust
related
$10,130,773 · Bank Of America
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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