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Property profile & analytics
OFF-MARKET
Industrial properties
540 Allendale Dr 55, Wheeling, IL 60090-2603
Entity Owned
23-yr Hold
Free & Clear
Property ID
US28-2702365
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1996
Lot
0.46 ac (20,100 SF)
APN
03-03-202-023
UPID
US28-2702365
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
-
Bio Industries Industrial Manufacturer Production Facility
-
Aargus Plastics, Inc. Factory Production Facility
-
YesHomeCareIllinois Geriatric Care Provider Nursing Home
-
JHK Roofing Service Inc. Roofing Company General Contractor
-
The Ark Restoration, Inc. Roofing Company General Contractor
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
Mid City Natl Bk Chicago Ttee · 23 yrs held
Mid City Natl Bk Chicago Ttee
since 2002
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 Wheeling submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wheeling 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
$18,154
Tax year 2022
Assessed value
$56,799
Assessed 2022
Previous assessed
$56,799
+0.0% YoY
Effective rate
31.96%
On assessed value
Assessed land
$35,175
Assessed improvement
$21,624
Land market value
$140,700
Improvement market value
$86,496
Total market value
$227,196
Applied tax rate
38,055.0000
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
1996
Heating
NONE
Lot
0.46 ac (20,100 SF)
APN
03-03-202-023
UPID
US28-2702365
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
1996
Heating
NONE
Lot
0.46 ac
Current owner
From public records · entity-resolved
Mid City Natl Bk Chicago Ttee
Entity
Free & Clear · 23 yrs held
Mailing address
540 ALLENDALE DR, WHEELING, IL 60090-2603
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2019
—
Forty Foot High Realty LLC
—
Loan Modification
related
$18,040,000 · First Midwest Bk
Oct 13, 2016
—
Forty Foot High Realty LLC
—
Grant Deed
related
$18,040,000 · First Midwest Bk
Dec 23, 2002
—
Forty Foot High Realty LLC
—
Deed Of Trust
related
$4,750,000 · Charter One Bank
Nov 13, 2002
—
Mid City Natl Bk Chicago Ttee
Dodge,sandra S
Quit Claim Deed
related
—
Nov 13, 2002
$4,400,000
Forty Foot High Realty LLC
Mb Financial Bank NA Trustee
Trustees Deed
$4,500,000 · Charter One Bank
Feb 14, 2002
—
Mid-city National Bank Trustee
—
Deed Of Trust
related
$1,550,000 · Midwest Bank Mchenry County
—
—
Aargus Industries INC
—
Loan Modification
related
$12,312,750 · Rbs Citizens Bank NA
—
—
Forty Foot High Realty LLC
—
Deed Of Trust
related
$19,850,000 · Bmo Harris Bk NA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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