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Property profile & analytics
OFF-MARKET
Estimated value
$4,730,000
Warehouses
3950 Sussex Ave, Aurora, IL 60504-7932
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-0036653
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Total area
43,048 SF
Lot
3.16 ac (137,650 SF)
Zoning code
I
APN
07-17-402-046
UPID
US28-0036653
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
-
Savoye North America Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.91M
Blend (final)
Blend
$4.73M
Owner & transaction history
Ascendas Reit Chicago 1 LLC · 4 yrs held
Ascendas Reit Chicago 1 LLC
since 2022
Last sale
$4.9M
7 recorded transactions
Zoning & alternative use
I · Aurora, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.7M
+113.1%
Commercial (general)
$6.9M
+90.5%
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 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
$4,450,000
ML approach
$4,670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,620,000
Current use
OFFICE BUILDING
$7,715,000
Change: +113% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,900,000
Change: +91% · Conversion: Difficult
Blend value · Realmo final
$4.73M
Range $4.26M – $5.20M · ±10% · vs last sale $4.90M (Jun 28 2022)
Last sale anchor
$4.90M
Jun 28 2022
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
$110 / 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
$77,308
Tax year 2023
Assessed value
$951,260
Assessed 2023
Previous assessed
$951,260
+0.0% YoY
Effective rate
8.13%
On assessed value
Assessed land
$187,180
Assessed improvement
$764,080
Land market value
$561,540
Improvement market value
$2,292,240
Total market value
$2,853,780
Applied tax rate
7,045.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Heating
NONE
Total area
43,048 SF
Lot
3.16 ac (137,650 SF)
Zoning code
I
APN
07-17-402-046
UPID
US28-0036653
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Aurora, IL
Zoning I · permitted uses
I · Aurora, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aurora. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.6M
OFFICE BUILDING
Est. value
$7.7M
COMMERCIAL (GENERAL)
Est. value
$6.9M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2002
Heating
NONE
Lot
3.16 ac
Current owner
From public records · entity-resolved
Ascendas Reit Chicago 1 LLC
Entity
Mailing address
PO BOX A A, NEW YORK, NY 10028-0020
Ownership since
2022
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
Jun 28, 2022
$4,902,000
Ascendas Reit Chicago 1 LLC
Bcore Jupiter Nemw I LLC
Special Warranty Deed
—
Oct 4, 2019
—
Bcore Jupiter Nemw 1 LLC
Mars Prop Owner Pool 4 No Icon
Trustees Deed
$679,000,000 · Bank Of America
Mar 16, 2015
—
Icon Mars Property Owner Pool
Bre/ Mars Property Owner LLC
Grant Deed
—
Jun 20, 2013
—
Bre Of Mars Property Owner LLC
—
Loan Modification
related
$205,000,000 · J P Morgan Chase Bank
Apr 26, 2013
$3,500,000
Bre Mars Property Owner LLC
Ifa III Sussex Avenue LLC
Special Warranty Deed
—
Jan 30, 2006
$3,550,000
Ifa III Sussex Avenue LLC
Ag Investors II LLC
Warranty Deed
$2,336,000 · Private Bank & Trust Co
—
—
Ag Investors II LLC
—
Deed Of Trust
related
$2,000,000 · Leaders Bank
—
—
Ifa III Sussex Avenue LLC
—
Deed Of Trust
related
$9,150,000 · Prudential Insurance Co
—
—
Ifa III Sussex Avenue LLC
—
Deed Of Trust
related
$2,350,000 · Prudential 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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