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Property profile & analytics
OFF-MARKET
Estimated value
$1,920,000
Industrial properties
520 Business Ctr Dr, Mount Prospect, IL 60056-2189
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-5854441
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1979
Total area
36,380 SF
Lot
2.03 ac (88,427 SF)
APN
03-35-103-002
UPID
US28-5854441
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
-
Parts Stop Auto Repair Shop Vehicle Inspection Center
-
Lakeshore Academy of Gymnastics Gym & Fitness Center
-
UTZ Foods Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.83M
CAP Approach
CAP
$2.41M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.92M
Owner & transaction history
Gki Industrial Chicago LLC · 4 yrs held
Gki Industrial Chicago LLC
since 2021
Last sale
$2.0M
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 Mount Prospect submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Prospect 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
$1,775,000
ML approach
$1,830,000
CAP Approach
CAP Return
Estimation
6%
$2,610,000
6.5%
$2,410,000
7%
$2,235,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,845,000
Current use
Blend value · Realmo final
$1.92M
Range $1.73M – $2.11M · ±10% · vs last sale $2.01M (Nov 22 2021)
Last sale anchor
$2.01M
Nov 22 2021
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
$53 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$128,424
Tax year 2022
Assessed value
$475,279
Assessed 2022
Previous assessed
$385,093
+23.4% YoY
Effective rate
27.02%
On assessed value
Assessed land
$155,001
Assessed improvement
$320,278
Land market value
$620,004
Improvement market value
$1,281,112
Total market value
$1,901,116
Applied tax rate
38,082.0000
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
1979
Heating
NONE
Stories
1
Total area
36,380 SF
Lot
2.03 ac (88,427 SF)
APN
03-35-103-002
UPID
US28-5854441
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
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
1979
Heating
NONE
Stories
1
Lot
2.03 ac
Current owner
From public records · entity-resolved
Gki Industrial Chicago LLC
Entity
Mailing address
10275 W HIGGINS RD STE #810, ROSEMONT, IL 60018-5601
Ownership since
2021
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
Jul 14, 2025
—
Gki Industrial Chicago LLC
—
Deed
related
$2,000,000 · Morgan Stanley Mortgage Capital Holdings
Nov 22, 2021
$2,010,000
Gki Industrial Chicago LLC
Chicago Dry Ll LLC
Special Warranty Deed
$1,900,000 · Morgan Stanley Bank NA
Mar 8, 2018
$1,299,500
Chicago Dry Ll LLC
Db Ci III LLC
Grant Deed
related
$61,766,000 · Jp Morgan Chase Bk
Jan 9, 2017
$1,462,500
Db Ci III LLC
Kensington Busn Cen Holdings-1
Trustees Deed
related
$65,769,505 · Deutsche Bk Ag/ny Branch
Dec 1, 2005
—
Crp Holdings A-2 LLC
—
Deed Of Trust
related
$300,000,000 · J P Morgan Chase Bank
Nov 28, 2005
—
Crp Holdings A-2 LLC
Crp Holdings A LLC
Quit Claim Deed
related
—
Sep 7, 2005
$2,885,000
Holdings A
Windsor At Kensington LLC
Grant Deed
related
—
Dec 21, 1999
—
James Campbell Estate
—
Deed Of Trust
related
$23,025,000 · Massachusetts Mutual Life Ins
—
—
Crp Holdings A-2 LLC
—
Deed Of Trust
related
$158,564,000 · Us Bank Series 2006-c1bc14 (ce
—
—
Windsor At Kensington LLC
—
Deed Of Trust
related
$19,500,000 · Wells Fargo 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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