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    Property profile & analytics

    460 Gibraltar Dr Bolingbrook, IL 60440-3611

    • Industrial properties
    • 228,545 SF
    • 13.72 lot acres
    OFF-MARKET
    Last Sale
    Feb 16, 2021
    $18,000,000
    Value Estimations
    $18,800,000
    Show details
    Cap Rate Potential
    4.4%
    Industrial properties
    Location Intelligence
    Property ID
    US28-5753417
    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.

    Current Use by Public Records

    • Industrial properties

    Property Details for 460 Gibraltar Dr

    Year built
    2003
    Construction
    TYPE NOT SPECIFIED
    Lot size
    13.72 lot acres
    Property size
    228,545 SF
    Property type
    Industrial properties
    APN
    12-02-14-403-011
    APU
    120214403011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $22,355,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $16,395,000
      6.5%
      $15,135,000
      7%
      $14,055,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $20,516,000
      Market price range: $14.8M - $30.5M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $23,940,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bolingbrook
    County
    Will
    State
    Illinois
    Longitude
    -88.0511
    Latitude
    41.6861
    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
    $295,845
    $770,956
    $2,278,899
    $3,049,855
    -
    $2,312,868
    $6,836,697
    $9,149,565

    Comparable in this City

    • Value Estimation by Request
      2.73 Acres

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      INDUSTRIAL (GENERAL) • 2.73 Acres
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      View Details
    • Value Estimation
      $13,930,000
      320,760 SF

      600 Remington Blvd Ste B

      INDUSTRIAL (GENERAL) • 320,760 SF
      600 Remington Blvd Ste B, Bolingbrook, IL 60440-5117
      View Details
    • Value Estimation
      $8,590,000
      143,024 SF

      556 Saint James Gate

      INDUSTRIAL (GENERAL) • 143,024 SF
      556 Saint James Gate, Bolingbrook, IL 60440-3635
      View Details
    • Value Estimation
      $15,230,000
      370,047 SF

      305 Xrds Pkwy

      INDUSTRIAL (GENERAL) • 370,047 SF
      305 Xrds Pkwy, Bolingbrook, IL 60440-4938
      View Details
    • Value Estimation
      $11,820,000
      313,560 SF

      430 Gibraltar Dr

      INDUSTRIAL (GENERAL) • 313,560 SF
      430 Gibraltar Dr, Bolingbrook, IL 60440-3611
      View Details
    • Value Estimation by Request
      6,655 SF

      1300 Joliet Rd

      Flex space • 6,655 SF
      1300 Joliet Rd, Romeoville, IL 60440
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      55,000 SF

      Bolingbrook Industrial/Flex Building For Sale

      55,000 SF industrial/flex building in Bolingbrook, Illinois.
      6 Territorial Ct, Bolingbrook, IL 60440
      View Details
    • Contact for pricing

      Lemont Land For Sale

      Land available with high traffic counts and easy highway access.
      11353 Joliet Rd, Lemont, IL 60440
      View Details
    • $1,999,900
      3.58 Acres

      Bolingbrook Commercial Investment Opportunity

      Two well-maintained buildings on Boughton Rd with expansion possibilities.
      402 W Boughton Rd, Bolingbrook, IL 60440
      View Details
    • $3,501,000
      35,010 SF

      Bolingbrook Office Building For Sale

      35,010 SF Office Building, Owner-User Opportunity
      440 Quadrangle Dr, Bolingbrook, IL 60440
      View Details
    • $449,900
      0.88 Acres

      Bolingbrook Commercial Land For Sale

      0.88 acre commercial land available in Bolingbrook, Illinois.
      402 W Boughton Rd, Bolingbrook, IL 60440
      View Details
    • Contact for pricing

      Bolingbrook Development Site For Sale

      3.24-acre development site in prime Bolingbrook location.
      181 Lily Cache Ln, Bolingbrook, IL 60440
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,291 SF

      Bolingbrook Manufacturing Space For Rent

      16,291 SF manufacturing space with expansion potential and easy access.
      594 Territorial Dr, Bolingbrook, IL 60440
      View Details
    • $9 SF/Yr
      289,920 SF

      Bolingbrook Warehouse Space Available

      289,920 sqft warehouse space for lease in Bolingbrook.
      2 Gateway Ct, Bolingbrook, IL 60440
      View Details
    • Contact for pricing

      Bolingbrook Industrial Unit Available

      6,300 SF industrial unit in established Remington Lake Business Park.
      704 Veterans Pkwy, Bolingbrook, IL 60440
      View Details
    • Contact for pricing
      106,066 SF

      Bolingbrook Industrial Space Available

      106,066 SF industrial space in Bolingbrook, Illinois.
      555 Remington Blvd, Bolingbrook, IL 60440
      View Details
    • Contact for pricing

      Bolingbrook Industrial Property For Rent

      101,634 SF industrial property with immediate I-55 access.
      100 E Crossroads Pkwy, Bolingbrook, IL 60440
      View Details
    • Contact for pricing
      108,029 SF

      Bolingbrook Warehouse with Office Space

      Warehouse condo with office, mezzanine, and truck-level loading dock.
      475 Quadrangle Dr, Bolingbrook, IL 60440
      View Details
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    460 Gibraltar Dr
    Bolingbrook, IL 60440-3611
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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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