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Property profile & analytics
FOR LEASE
Industrial properties
385 Fenton Ln, West Chicago, IL 60185
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-5351693
For Lease
1 / 2
$13,415,000
385 Fenton Ln, West Chicago, IL 60185
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1990
Construction
BRICK
Total area
181,420 SF
Lot
6.69 ac (291,416 SF)
Zoning code
I
APN
04-08-204-011
UPID
US28-5351693
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
-
American Excelsior Company - Industrial Manufacturer Production Facility
-
Uptime Parts Auto Parts Store (Bike/Boat/Book/etc) Store
-
American Excelsior - Erosion Control Industrial Manufacturer Production Facility
-
Cobalt Industrial Reit Li Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.55M
CAP Approach
CAP
$12.02M
Comparable Approach
Comparable
$14.06M
Blend (final)
Blend
$13.42M
Owner & transaction history
Clemenceau Logistics Assets LLC · 4 yrs held
Clemenceau Logistics Assets LLC
since 2021
Last sale
$13.9M
7 recorded transactions
Zoning & alternative use
I · West Chicago, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$18.9M
+18.5%
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 West Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Chicago 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
$16,105,000
ML approach
$10,550,000
CAP Approach
CAP Return
Estimation
6%
$13,015,000
6.5%
$12,015,000
7%
$11,155,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$15,945,000
Current use
WAREHOUSE, STORAGE
$18,895,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$13.42M
Range $12.07M – $14.76M · ±10% · vs last sale $13.88M (Oct 12 2021)
Last sale anchor
$13.88M
Oct 12 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
$74 / 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
$311,383
Tax year 2023
Assessed value
$3,357,120
Assessed 2023
Previous assessed
$2,261,930
+48.4% YoY
Effective rate
9.28%
On assessed value
Assessed land
$292,790
Assessed improvement
$3,064,330
Land market value
$878,370
Improvement market value
$9,192,990
Total market value
$10,071,360
Applied tax rate
4,011.0000
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
For Lease
Year built
1990
Construction
BRICK
Heating
NONE
Total area
181,420 SF
Lot
6.69 ac (291,416 SF)
Zoning code
I
APN
04-08-204-011
UPID
US28-5351693
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · West Chicago, IL
Zoning I · permitted uses
I · West Chicago, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Chicago. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$15.9M
WAREHOUSE, STORAGE
Est. value
$18.9M
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
1990
Construction
BRICK
Heating
NONE
Lot
6.69 ac
Current owner
From public records · entity-resolved
Clemenceau Logistics Assets LLC
Entity
Mailing address
5 BRYANT PARK28FL, NEW YORK, NY 10018-1878
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2021
—
Clemenceau Logistics Assets LLC
—
Deed
related
$422,000,000 · Societe Generale
Oct 12, 2021
$13,878,000
Clemenceau Logistics Assets LLC
Colfin Cobalt I II Owner LLC
Special Warranty Deed
—
Dec 16, 2019
—
Colfin Cobalt I-ii Own Er LLC
—
Grant Deed
related
—
Dec 30, 2014
$7,397,500
Colfin Cobalt I-ii Owner LLC
Cobalt Industrial Reit II
Grant Deed
$1,132,750,000 · General Elec Cap
Apr 26, 2013
—
Cobalt Industrial Reit II
—
Deed Of Trust
related
$114,000,000 · Bank Of America
Mar 31, 2008
$7,534,500
Cobalt Industrial Reit II
First Industrial
Grant Deed
—
Jan 14, 1998
$5,775,000
Industrial LP First
Wegner Land & Development Corp
Grant Deed
related
—
—
—
Cobalt Industrial Reit II
—
Deed Of Trust
related
$113,000,000 · Reliastar Life Insurance 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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