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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Industrial properties
399 Wall St Ste F, Glendale Heights, IL 60139-1987
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-0028432
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,680 SF
Lot
3.49 ac (152,024 SF)
Zoning code
I
APN
02-21-408-009
UPID
US28-0028432
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
-
Ampere Electric Electrical Service General Contractor
-
Pacific Electrical Contracting Electrical Service General Contractor
-
Ultimo Print DTF Transfers Chicago (Bike/Boat/Book/etc) Store Printing Service
-
Shaadi Creations - Wedding & Event Decor in Chicago Event Planning Wedding Service
-
Prostat Corporation Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
$375k
Comparable Approach
Comparable
$638k
Blend (final)
Blend
$520k
Owner & transaction history
Rays Electronics INC · 5 yrs held
Rays Electronics INC
since 2021
Last sale
$500,000
4 recorded transactions
Zoning & alternative use
I · Glendale Heights, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$590,000
+7.0%
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 Glendale Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale Heights 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
$590,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
$410,000
6.5%
$375,000
7%
$350,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$555,000
Current use
WAREHOUSE, STORAGE
$590,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $500k (Apr 23 2021)
Last sale anchor
$500k
Apr 23 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
$92 / 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
$16,024
Tax year 2023
Assessed value
$175,010
Assessed 2023
Previous assessed
$132,870
+31.7% YoY
Effective rate
9.16%
On assessed value
Assessed land
$36,750
Assessed improvement
$138,260
Land market value
$110,250
Improvement market value
$414,780
Total market value
$525,030
Applied tax rate
2,211.0000
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
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
5,680 SF
Lot
3.49 ac (152,024 SF)
Zoning code
I
APN
02-21-408-009
UPID
US28-0028432
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Glendale Heights, IL
Zoning I · permitted uses
I · Glendale Heights, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$555,000
WAREHOUSE, STORAGE
Est. value
$590,000
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
3.49 ac
Current owner
From public records · entity-resolved
Rays Electronics INC
Entity
Mailing address
399 WALL ST STE F, GLENDALE HEIGHTS, IL 60139-1987
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2021
$500,000
Rays Electronics INC
Gary R Schellerer
Special Warranty Deed
$544,500 · Us Bank NA
May 4, 2006
$575,000
Gary R Schellerer
Parkway Bank & Trust Co
Deed
$517,500 · Bloomingdale Bank & Trust
Jul 2, 2004
—
Parkway Bank & Trust Co Ttee
—
Deed Of Trust
related
$1,525,000 · Parkway Bank & Trust Co
—
—
Parkway Bank & Trust Co Ttee
—
Deed Of Trust
related
$250,000 · Parkway Bank & Trust 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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