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Property profile & analytics
FOR LEASE
Industrial properties
490 Windy Point Dr, Glendale Heights, IL 60139
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0448810
For Lease
$4,625,000
490 Windy Point Dr, Glendale Heights, IL 60139
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
42,787 SF
Lot
1.99 ac (86,684 SF)
Zoning code
I
APN
02-26-301-060
UPID
US28-0448810
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
-
Advanced Moving & Storage, Inc Moving Company Storage Facility
-
APOLLO EYEWEAR Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.65M
CAP Approach
CAP
$2.84M
Comparable Approach
Comparable
$3.77M
Blend (final)
Blend
$4.63M
Owner & transaction history
Ascendas Reit Chicago 1 LLC · 3 yrs held
Ascendas Reit Chicago 1 LLC
since 2022
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
I · Glendale Heights, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.1M
+70.6%
Warehouse, storage
$4.5M
+7.0%
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 Glendale Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale Heights 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
$4,660,000
ML approach
$4,650,000
CAP Approach
CAP Return
Estimation
6%
$3,070,000
6.5%
$2,835,000
7%
$2,630,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,165,000
Current use
COMMERCIAL (GENERAL)
$7,100,000
Change: +71% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,455,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$4.63M
Range $4.16M – $5.09M · ±10% · vs last sale $4.60M (Aug 2 2022)
Last sale anchor
$4.60M
Aug 2 2022
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
$108 / 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
$97,901
Tax year 2023
Assessed value
$996,620
Assessed 2023
Previous assessed
$996,620
+0.0% YoY
Effective rate
9.82%
On assessed value
Assessed land
$210,220
Assessed improvement
$786,400
Land market value
$630,660
Improvement market value
$2,359,200
Total market value
$2,989,860
Applied tax rate
2,213.0000
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
For Lease
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
42,787 SF
Lot
1.99 ac (86,684 SF)
Zoning code
I
APN
02-26-301-060
UPID
US28-0448810
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Glendale Heights, IL
Zoning I · permitted uses
I · Glendale Heights, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$7.1M
WAREHOUSE, STORAGE
Est. value
$4.5M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
1.99 ac
Current owner
From public records · entity-resolved
Ascendas Reit Chicago 1 LLC
Entity
Mailing address
1 OAKBROOK TER STE #400, OAKBROOK TERRACE, IL 60181-4449
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2022
$4,598,500
Ascendas Reit Chicago 1 LLC
Breit Industrial Hs Property Owner
Special Warranty Deed
—
May 13, 2022
—
Breit Industrial Hs Property Owner
—
Deed
related
$690,000,000 · Bank Of America NA
Jan 11, 2018
—
Breit Indl Hs Prop Owner LLC
—
Loan Modification
related
$472,000,000 · Bank Of America
Nov 15, 2017
—
Breit Indl Hs Prop Owner LLC
—
Loan Modification
related
$372,000,000 · Bank Of America
Jun 8, 2017
—
Breit Indl Hs Prop Owner LLC
—
Grant Deed
related
$292,000,000 · Bank Of America
Apr 21, 2017
$3,232,000
Breit Indl Hs Prop Owner LLC
490 Windy Pt Drive Invtrs LP
Grant Deed
—
Jun 8, 2015
$1,656,667
490 Windy Point Drive Investor
Premium Properties & Dev LLC
Grant Deed
—
Nov 10, 2011
—
Cm2 Properties LLC
Marquette Bk
Grant Deed
—
May 11, 2011
—
Marquette Bk
Trust 01-040
Grant Deed
—
Aug 7, 2001
$2,350,000
Hinsbrook Bank & Trust Ttee
Hari Prasaad LLC
Grant Deed
related
$2,350,000 · Hinsbrook Bank & Trust
Jul 5, 2000
—
Hari Prassad LLC
Noble,george B & Patricia
Grant Deed
$1,600,000 · American Nat'l Bk & Tr Chicago
Jun 20, 2000
$1,850,000
Hari Prassad LLC
Lasalle Bank NA Trustee
Grant Deed
—
—
—
49o Windy Point Drive Investor
—
Deed Of Trust
related
$17,600,000 · Miscellaneous Ins Co
—
—
Trust 01-040
—
Deed Of Trust
related
$10,137,965 · Marquette Bank
—
—
Trust 01-040
—
Deed Of Trust
related
$2,128,079 · Marquette 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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