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    4475 Turnberry Dr Hanover Park, IL 60133-5469
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    Property profile & analytics

    4475 Turnberry Dr, Hanover Park, IL 60133-5469

    View on Map
    • Industrial properties
    • 9,596 SF
    • 3.33 lot acres
    Off-Market
    Property ID
    US28-1927671
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,380,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Przedszkole / High School

    Property Details for 4475 Turnberry Dr

    Year built
    1993
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.33 lot acres
    Zone code
    I
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    02-05-302-001
    APU
    205302001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 31, 2015 $1,500,000 Tlc Estates LLC Joan R Drugas Deed $840k · Standard Bank & Trust Co
    Oct 20, 2008 — Drugas Joan R Trust Drugas,joan R Quit Claim Deed · related —
    Oct 28, 2003 — Constantine G Drugas Lasalle Bank NA Trustee Grant Deed · related —
    Jan 15, 1998 $1,475,000 Lasalle National Bank Tte Turnberry Office LP Grant Deed · related $775k · Lasalle Bank Ni
    — — Tlc Estates LLC — Deed Of Trust · related $607k · Small Busn Growth

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,700,000
      6.5%
      $2,490,000
      7%
      $2,315,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,915,000
      Current use
      AUTO REPAIR, GARAGE
      $3,395,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hanover Park
    County
    Dupage
    State
    Illinois
    Longitude
    -88.1241
    Latitude
    41.9751
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $43,924
    $259,180
    $279,380
    $538,560
    -
    $777,540
    $838,140
    $1,615,680

    Comparable in this City

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      30,429 SF

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      MIXED USE (COMMERCIAL/INDUSTRIAL)
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    • Value Estimation
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      288,366 SF

      1575 Hunter Rd

      INDUSTRIAL (GENERAL)
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    • Value Estimation
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      244,888 SF

      6405 Muirfield Dr

      INDUSTRIAL (GENERAL)
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    • Value Estimation
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      356,177 SF

      6525 Muirfield Dr

      INDUSTRIAL (GENERAL)
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    • Value Estimation
      $2,315,000
      4.43 Acres

      1550 Hunter Rd

      INDUSTRIAL (GENERAL)
      1550 Hunter Rd, Hanover Park, IL 60133-6773
      View Details
    • Value Estimation
      $4,620,000
      79,795 SF

      1539 Hunter Rd

      INDUSTRIAL (GENERAL)
      1539 Hunter Rd, Hanover Park, IL 60133-6754
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Turn-Key Restaurant Hanover Park

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      High-Traffic Corner Land Site

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      Residential Land in Hanover Park

      Land with access to transportation, shopping, and restaurants.
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      Hanover Park Multifamily Investment Opportunity

      24-unit multifamily property in Hanover Park, Illinois for sale.
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      24-Unit Multifamily Property For Sale

      Well-maintained 24-unit multifamily property in Hanover Park, Illinois.
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    Similar Nearby for Lease

    • Contact for pricing
      46,559 SF

      Hanover Park Industrial Sublease

      46,559 SF industrial building for sublease through 4/30/2028.
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      View Details
    • Contact for pricing
      487,437 SF

      Roselle Industrial Space Available

      487,437 SF industrial space in Roselle, Illinois.
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      18,495 SF

      Industrial Property with Crane and Land

      Industrial property featuring a crane, ample power, and expansion potential.
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      Crane Building for Lease

      18,495 SF crane building with expansion potential.
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      17,734 SF

      Roselle Warehouse Space Available

      17,176 SF warehouse space with truck court.
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      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Metra Station

      Retail space adjacent to Barrington Rd and Hanover Park Metra.
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      View Details
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    Hanover Park, IL 60133-5469
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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