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Property profile & analytics
FOR LEASE
Industrial properties
509 S Vermont St, Palatine, IL 60067
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0593354
For Lease
1 / 2
$11 SF/Yr
509 S Vermont St, Palatine, IL 60067
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1974
Lot
1.28 ac (55,757 SF)
APN
02-23-313-031
UPID
US28-0593354
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
501 Vermont Street Ptrs LLC · 9 yrs held
501 Vermont Street Ptrs LLC
since 2017
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 Palatine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palatine 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
$101,753
Tax year 2022
Assessed value
$355,275
Assessed 2022
Previous assessed
$306,369
+16.0% YoY
Effective rate
28.64%
On assessed value
Assessed land
$83,790
Assessed improvement
$271,485
Land market value
$335,160
Improvement market value
$1,085,940
Total market value
$1,421,100
Applied tax rate
29,007.0000
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
1974
Heating
NONE
Stories
1
Lot
1.28 ac (55,757 SF)
APN
02-23-313-031
UPID
US28-0593354
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
1974
Heating
NONE
Stories
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
501 Vermont Street Ptrs LLC
Entity
Mailing address
981 GORDON TER, WINNETKA, IL 60093-1725
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
May 26, 2017
—
501 Vermont Street Ptrs LLC
—
Grant Deed
related
$1,256,250 · Union Nat'l Bk
Jan 3, 2017
$1,375,000
501 Vermont Street Ptrs LLC
501 Vermont Associates LLC
Grant Deed
related
$2,350,000 · 501 Vermont Associates LLC
Oct 19, 2006
—
501 Vermont Associates LLC
Trust 04-7838
Grant Deed
related
—
Dec 29, 2004
$3,000,000
Trust 04-7838
Trust 02-4435
Grant Deed
related
—
Apr 19, 2002
$2,500,000
North Star Trust Co Trustee
Lasalle Bank NA Trustee
Grant Deed
$1,300,000 · Private Bank & Trust Co
Jul 29, 1999
—
Lasalle Bank NA Trustee
—
Deed Of Trust
related
$2,675,000 · Lasalle Bank Fsb
—
—
Ela Associates LLC
—
Deed Of Trust
related
—
—
—
Ela Associates LLC
—
Deed Of Trust
related
—
—
—
North,star Tr
—
Deed Of Trust
related
$100,000 · Private Bank & Trust Co
—
—
Ela Associates LLC
—
Deed Of Trust
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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