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Property profile & analytics
OFF-MARKET
Estimated value
$7,675,000
Industrial properties
370 Carol Ln, Elmhurst, IL 60126-1003
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-5536708
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1984
Construction
CONCRETE
Total area
61,880 SF
Lot
2.79 ac (121,532 SF)
Zoning code
I
APN
03-26-301-011
UPID
US28-5536708
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
-
Semblex Corporation Distribution / FDS Operations Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.24M
Blend (final)
Blend
$7.68M
Owner & transaction history
Il 370 Carol Lane De LLC · 4 yrs held
Il 370 Carol Lane De LLC
since 2021
Last sale
$7.1M
7 recorded transactions
Zoning & alternative use
I · Elmhurst, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.1M
+56.5%
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 Elmhurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmhurst 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
$8,250,000
ML approach
$8,670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,090,000
Current use
OFFICE BUILDING
$11,090,000
Change: +56% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,445,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$7.68M
Range $6.91M – $8.44M · ±10% · vs last sale $7.11M (Sep 28 2021)
Last sale anchor
$7.11M
Sep 28 2021
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
$124 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$106,584
Tax year 2023
Assessed value
$1,726,980
Assessed 2023
Previous assessed
$1,284,880
+34.4% YoY
Effective rate
6.17%
On assessed value
Assessed land
$346,700
Assessed improvement
$1,380,280
Land market value
$1,040,100
Improvement market value
$4,140,840
Total market value
$5,180,940
Applied tax rate
3,062.0000
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
1984
Construction
CONCRETE
Heating
NONE
Total area
61,880 SF
Lot
2.79 ac (121,532 SF)
Zoning code
I
APN
03-26-301-011
UPID
US28-5536708
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Elmhurst, IL
Zoning I · permitted uses
I · Elmhurst, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elmhurst. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$7.1M
OFFICE BUILDING
Est. value
$11.1M
WAREHOUSE, STORAGE
Est. value
$6.4M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
1984
Construction
CONCRETE
Heating
NONE
Lot
2.79 ac
Current owner
From public records · entity-resolved
Il 370 Carol Lane De LLC
Entity
Mailing address
450 PARK AVE FL #9, NEW YORK, NY 10022-2741
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2021
$7,110,000
Il 370 Carol Lane De LLC
Cardinal Owner LLC
Special Warranty Deed
$286,000,000 · Morgan Stanley Bank NA
Mar 4, 2020
—
Cardinal Owner LLC
—
Deed
related
$589,300,000 · Jpmorgan Chase Bank NA
Sep 18, 2019
$8,170,311
Cardinal Owner LLC
Ffiv Il Elmhurst LLC
Grant Deed
—
Nov 9, 2016
—
Ffiv Il Elmhurst LLC
—
Deed
$52,400,000 · Miscellaneous Ins Co
Jul 6, 2010
$3,770,000
370 Carol Lane Investors LLC
Realty Associates Fund Viii LP
Grant Deed
$17,517,500 · Aviva Life & Annuity Co
Apr 22, 2008
$4,810,000
Realty Associates Fund Viii
Centerpoint 370 Carol Lane
Grant Deed
—
Oct 15, 2004
$1,662,000
Centerpoint 370 Carol Lane LLC
370 Carol Lane LLC
Grant Deed
related
—
May 6, 1998
—
1401 S Jefferson LLC
—
Deed Of Trust
related
$47,000,000 · Cibc INC
Nov 19, 1997
$2,471,500
370 Carol Lane LLC
Lasalle National Bank Trustee
Grant Deed
$56,000,000 · Prudential Securities Credit
—
—
Ffiv Il Elmhurst LLC
—
Deed Of Trust
$52,400,000 · Miscellaneous Ins Co
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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