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Property profile & analytics
OFF-MARKET
Estimated value
$1,385,000
Industrial properties
403 Joseph Dr South Elgin, IL 60177-2268
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-3180127
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2007
Total area
17,671 SF
Lot
1.13 ac (49,223 SF)
APN
06-33-479-004
UPID
US28-3180127
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
-
CHA Industries, Inc. Auto Parts Store
-
Machinery Management LLC Building Supply Factory
-
T & Zee Mechanical General Contractor Construction Company
-
Globetec Group - Machinery Management Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.43M
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$1.39M
Owner & transaction history
Kim Capital LLC · 5 yrs held
Kim Capital LLC
since 2021
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 South Elgin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Elgin 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
$1,385,000
ML approach
$1,430,000
CAP Approach
CAP Return
Estimation
6%
$1,270,000
6.5%
$1,170,000
7%
$1,085,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,635,000
Current use
Blend value · Realmo final
$1.39M
Range $1.25M – $1.52M · ±10% · vs last sale $1.41M (Feb 23 2021)
Last sale anchor
$1.41M
Feb 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
$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 2022Property tax & assessments
Tax year 2022
Tax billed
$41,706
Tax year 2022
Assessed value
$484,652
Assessed 2022
Previous assessed
$453,116
+7.0% YoY
Effective rate
8.61%
On assessed value
Assessed land
$87,587
Assessed improvement
$397,065
Land market value
$262,761
Improvement market value
$1,191,195
Total market value
$1,453,956
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
2007
Heating
NONE
Stories
2
Total area
17,671 SF
Lot
1.13 ac (49,223 SF)
APN
06-33-479-004
UPID
US28-3180127
Jurisdiction
KANE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
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
2007
Heating
NONE
Stories
2
Lot
1.13 ac
Current owner
From public records · entity-resolved
Kim Capital LLC
Entity
Mailing address
403 JOSEPH DR, SOUTH ELGIN, IL 60177-2268
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2021
—
Kim Capital LLC
—
Deed
related
$574,000 · Small Business Growth Corporation
Feb 23, 2021
$1,410,000
Kim Capital LLC
403 LLC
Warranty Deed
$564,000 · St Charles Bank & Trust Co
Feb 7, 2019
—
403 LLC
—
Deed
related
$570,636 · American Community Bank & Trust
Jul 2, 2018
—
Cjr Ents LLC
—
Loan Modification
related
$7,906,602 · First St Bk
Jan 10, 2017
$1,210,000
403 LLC
Cjr Enterprises LLC
Warranty Deed
$605,000 · Old Second National Bank
Jul 1, 2008
—
Cjr Ents LLC
Shanahan Ptshp
Quit Claim Deed
related
—
—
—
Cjr Ents LLC
—
Deed Of Trust
related
$8,955,000 · National Bk&tr/sycamore
—
—
Cjr Ents LLC
—
Deed Of Trust
related
$11,500,000 · National Bank
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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