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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Industrial properties
5238 Baseline Rd Montgomery, IL 60538-1179
Individually Owned
2-yr Hold
Free & Clear
Property ID
US28-2427458
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1993
Total area
17,176 SF
Lot
5.95 ac (259,182 SF)
Zoning code
M-2
APN
03-06-200-020
UPID
US28-2427458
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
-
Classic Fence Inc - Fence Installation Contractors General Contractor Construction Company
-
Thomas Pallet Rebuilders Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.64M
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.62M
Owner & transaction history
Ignacio Ruiz · 2 yrs held
Ignacio Ruiz
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
M-2 · Montgomery, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+85.9%
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 Montgomery submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montgomery 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
$1,635,000
ML approach
$1,640,000
CAP Approach
CAP Return
Estimation
6%
$1,230,000
6.5%
$1,135,000
7%
$1,055,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,290,000
Change: +86% · Conversion: Difficult
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±10% · vs last sale $1.60M (Nov 20 2023)
Last sale anchor
$1.60M
Nov 20 2023
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
$94 / 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
$19,588
Tax year 2023
Assessed value
$227,267
Assessed 2023
Previous assessed
$227,267
+0.0% YoY
Effective rate
8.62%
On assessed value
Assessed land
$83,941
Assessed improvement
$143,326
Land market value
$251,823
Improvement market value
$429,978
Total market value
$681,801
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
1993
Heating
NONE
Stories
1
Total area
17,176 SF
Lot
5.95 ac (259,182 SF)
Zoning code
M-2
APN
03-06-200-020
UPID
US28-2427458
Jurisdiction
KENDALL
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
M-2 · Montgomery, IL
Zoning M-2 · permitted uses
M-2 · Montgomery, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Montgomery. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.3M
COMMERCIAL (GENERAL)
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
1993
Heating
NONE
Stories
1
Lot
5.95 ac
Current owner
From public records · entity-resolved
Ignacio Ruiz
Individual
Free & Clear · 2 yrs held
Mailing address
1830 ELDORADO DR, GLEN ELLYN, IL 60138
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
—
Ignacio Ruiz
Ignacio Ruiz
Intrafamily Transfer
related
—
Apr 19, 2021
—
Alfredo Ruiz
James M Spence Real Estate LLC
Re-recorded Document
related
$800,000 · The Huntington National Bank
Feb 1, 2021
$1,600,000
Alfreob Ruiz
James M Spence Real Estate LLC
Special Warranty Deed
$800,000 · The Huntington National Bank
Mar 6, 2019
—
James M Spence Real Estate LLC
—
Deed
related
$178,120 · Mb Fin'l Bk
Sep 17, 2003
—
James M Spence Real Estate LLC
Spence,james M
Quit Claim Deed
related
$613,291 · Bank One NA
Oct 23, 1996
$485,000
James M Spence
Vene,christian F & Holly H
Grant Deed
$412,250 · American Nat'l Bk & Tr Co Chic
—
—
James M Spence Real Estate LLC
—
Deed Of Trust
related
$178,120 · Mb Fin'l Bk
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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