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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Industrial properties
305 Hankes Ave, Aurora, IL 60505-1714
Entity Owned
~
Est. High Equity
Property ID
US28-5702787
Property summary
AI-generated overview
This 12,000-square-foot industrial warehouse in Aurora, Illinois, is offered for sale at $1,020,000 ($85/sq ft). The property, located at 305 Hankes Ave, 60505, sits on a 0.46-acre lot and features one single-story building constructed in 1977. It's zoned for industrial use and boasts 15 parking spaces. The warehouse is currently vacant and ready for immediate occupancy, making it ideal for owner-users. High ceilings, ranging from 15'5" to 16', provide ample vertical space. The property includes 1,000 square feet of office space, perfect for administrative functions. Access is convenient, with one drive-in door and one loading dock accessible from Hankes Ave. High-powered infrastructure is in place, featuring 480 volts 1200 amp power, suitable for heavy machinery. The location offers easy access to major transportation routes, being just five minutes from I-88. The property's APN is 15-15-282-020. Tractor-trailer access is available via High St from Indian Trail.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,000 SF
Lot
0.54 ac (23,522 SF)
APN
15-15-282-020
UPID
US28-5702787
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
-
Integrated Thermoforming Systems, Inc. Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$705k
Blend (final)
Blend
$700k
Owner & transaction history
On The Fox Masonz LLC
On The Fox Masonz LLC
since 2025
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+50.0%
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 Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aurora 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
$595,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$765,000
Current use
WAREHOUSE, STORAGE
$1,150,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $950k (Dec 5 2025)
Last sale anchor
$950k
Dec 5 2025
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
$58 / 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
$12,064
Tax year 2022
Assessed value
$158,780
Assessed 2022
Previous assessed
$147,826
+7.4% YoY
Effective rate
7.60%
On assessed value
Assessed land
$12,712
Assessed improvement
$146,068
Land market value
$38,136
Improvement market value
$438,204
Total market value
$476,340
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
12,000 SF
Lot
0.54 ac (23,522 SF)
APN
15-15-282-020
UPID
US28-5702787
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
$765,000
WAREHOUSE, STORAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
On The Fox Masonz LLC
Entity
Mailing address
1457 KELLY RD #380, APEX, NC 27502-9572
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2025
$950,000
On The Fox Masonz LLC
Trc Holding LLC
Warranty Deed
$475,000 · The American Commercial Bank & Trus
Dec 5, 2025
—
On The Fox Masonz LLC
—
Deed
related
$391,000 · Small Business Growth Corporation
Jan 27, 2023
$700,000
Trc Holdings LLC
Srey And Curtis LLC
Warranty Deed
$595,000 · Encore Bank NA
Oct 26, 2017
—
Srey & Curtis LLC
Curtis,michael P
Quit Claim Deed
related
—
Apr 3, 2017
—
Michael P Curtis
—
Deed
related
$237,000 · First Midwest Bank
Nov 6, 2008
—
Michael P Curtis
—
Trustees Deed
related
$500,000 · St Charles Bank & Trust Co
Oct 24, 2007
$310,000
Michael P Curtis
Trust 5343
Grant Deed
$240,000 · Charter One
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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