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Property profile & analytics
OFF-MARKET
Industrial properties
3140 Mannheim Rd Franklin Park, IL 60131-2375
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-1827717
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1962
Lot
1.29 ac (56,192 SF)
APN
12-29-201-011
UPID
US28-1827717
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
-
Michele Baking Co Bakery Specialty Food Shop
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
State Of Illinois · 2 yrs held
State Of Illinois
since 2023
Last sale
$13,200
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 Franklin Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin 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 2022Property tax & assessments
Tax year 2022
Tax billed
$66,209
Tax year 2022
Assessed value
$208,007
Assessed 2022
Previous assessed
$186,940
+11.3% YoY
Effective rate
31.83%
On assessed value
Assessed land
$105,005
Assessed improvement
$103,002
Land market value
$420,020
Improvement market value
$412,008
Total market value
$832,028
Applied tax rate
20,025.0000
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
Year built
1962
Heating
NONE
Stories
1
Lot
1.29 ac (56,192 SF)
APN
12-29-201-011
UPID
US28-1827717
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
1962
Heating
NONE
Stories
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
State Of Illinois
Individual
Mailing address
201 CTR CT, SCHAUMBURG, IL 60196-3169
Ownership since
2023
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
Aug 18, 2023
$13,200
State Of Illinois
Parkway Bank & Trust Company
Deed
—
Aug 8, 2022
—
Parkway Bank & Trust Company
—
Deed
related
$824,000 · The Huntington National Bank
Jun 28, 2006
—
Trust 14135
Trust 1403
Quit Claim Deed
related
—
Dec 3, 2001
—
Fnbw Bank Trustee
Fnbw Bank Trustee
Quit Claim Deed
related
$774,000 · Fnbw Bank
Mar 31, 1999
$790,000
First Natl Bank Wheaton Ttee
Northern Trt Bk Lk Forest Ttee
Grant Deed
related
$555,000 · First Natl Bank Wheaton Ttee
—
—
Trust 14135
—
Deed Of Trust
related
$1,446,075 · Parkway Bank & Trust Co
—
—
Glm Holding Co INC
—
Deed Of Trust
related
$700,000 · Parkway Bank & Trust Co
—
—
Nicola Addante Trustee
—
Deed Of Trust
related
$500,000 · Armando Mazzeo
—
—
First National Bk Wheaton Ttee
—
Deed Of Trust
related
$1,500,000 · Bank Of Commerce
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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