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Property profile & analytics
OFF-MARKET
Industrial properties
455 Academy Dr, Northbrook, IL 60062-2416
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US28-5808509
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1976
Lot
6.67 ac (290,545 SF)
APN
04-05-400-018
UPID
US28-5808509
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
455 Academy LLC · 20 yrs held
455 Academy LLC
since 2005
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 Northbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northbrook 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$294,017
Tax year 2022
Assessed value
$1,305,000
Assessed 2022
Previous assessed
$924,000
+41.2% YoY
Effective rate
22.53%
On assessed value
Assessed land
$617,565
Assessed improvement
$687,435
Land market value
$2,470,260
Improvement market value
$2,749,740
Total market value
$5,220,000
Applied tax rate
25,076.0000
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
1976
Heating
NONE
Lot
6.67 ac (290,545 SF)
APN
04-05-400-018
UPID
US28-5808509
Jurisdiction
COOK
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
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Lot
6.67 ac
Current owner
From public records · entity-resolved
455 Academy LLC
Entity
Mailing address
455 ACADEMY DR, NORTHBROOK, IL 60062-2416
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2022
—
455 Academy LLC
—
Deed
related
$2,416,239 · Northbrook Bank & Trust Co NA
Aug 24, 2018
—
455 Academy LLC
—
Deed
related
$3,000,000 · Northbrook Bk&tr
Nov 12, 2009
—
American Standard Circuits INC
—
Deed Of Trust
related
$1,500,000 · First Midwest Bank
Nov 2, 2005
$2,950,000
455 Academy LLC
Acuity Lighting Group INC
Warranty Deed
$2,908,000 · Northbrook Bank & Trust Co
Nov 8, 2001
—
L & C Lighting Group INC
L & C Spinco INC
Quit Claim Deed
related
—
Dec 23, 1999
$4,500,000
Nsi Enterprises INC
455 Academy Drive LLC
Grant Deed
—
Nov 19, 1997
$3,833,000
455 Academy Dr LLC
Lasalle Nat'l Bk Chicago Ttee
Grant Deed
$27,500,000 · Prudential Securities Credit
—
—
Panek Precision Products Co
—
Deed Of Trust
related
$721,079 · Northbrook Bank & Trust Co
—
—
455 Academy LLC
—
Loan Modification
related
$3,000,000 · Northbrook Bk&tr
—
—
455 Academy LLC
—
Deed Of Trust
related
$8,294,368 · Northbrook 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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