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Property profile & analytics
OFF-MARKET
Estimated value
$3,890,000
Industrial properties
399 Wegner Dr, West Chicago, IL 60185-2673
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-2111571
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1999
Total area
50,042 SF
Lot
2.82 ac (122,839 SF)
Zoning code
I
APN
04-08-404-019
UPID
US28-2111571
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.95M
CAP Approach
CAP
$3.32M
Comparable Approach
Comparable
$4.61M
Blend (final)
Blend
$3.89M
Owner & transaction history
399 Wegner LLC · 5 yrs held
399 Wegner LLC
since 2020
Last sale
$3.6M
3 recorded transactions
Zoning & alternative use
I · West Chicago, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$5.2M
+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
$5,115,000
ML approach
$4,945,000
CAP Approach
CAP Return
Estimation
6%
$3,590,000
6.5%
$3,315,000
7%
$3,075,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,400,000
Current use
WAREHOUSE, STORAGE
$5,210,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$3.89M
Range $3.50M – $4.28M · ±10% · vs last sale $3.55M (Nov 17 2020)
Last sale anchor
$3.55M
Nov 17 2020
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
$78 / 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
$102,159
Tax year 2023
Assessed value
$1,101,410
Assessed 2023
Previous assessed
$817,030
+34.8% YoY
Effective rate
9.28%
On assessed value
Assessed land
$122,910
Assessed improvement
$978,500
Land market value
$368,730
Improvement market value
$2,935,500
Total market value
$3,304,230
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
Off-Market
Year built
1999
Heating
NONE
Total area
50,042 SF
Lot
2.82 ac (122,839 SF)
Zoning code
I
APN
04-08-404-019
UPID
US28-2111571
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
$4.4M
WAREHOUSE, STORAGE
Est. value
$5.2M
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
Heating
NONE
Lot
2.82 ac
Current owner
From public records · entity-resolved
399 Wegner LLC
Entity
Mailing address
399 WEGNER DR, WEST CHICAGO, IL 60185-2673
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2020
$3,550,000
399 Wegner LLC
Evo Properties LLC
Special Warranty Deed
$2,840,000 · First National Bank Of Omaha
Nov 2, 2012
$2,250,000
Evo Properties LLC
Tews Real Estate LLC
Grant Deed
$1,232,500 · Suburban Bank & Trust Co
Apr 26, 2005
$3,100,000
Tews Real Estate LLC
339 Wegner LLC
Warranty Deed
$2,500,000 · Harris Bank St Charles
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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