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Property profile & analytics
OFF-MARKET
Estimated value
$4,750,000
Industrial properties
55 Howard Ave 50, Des Plaines, IL 60018-1901
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-0964544
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1969
Total area
79,617 SF
Lot
3.43 ac (149,411 SF)
APN
09-30-300-038
UPID
US28-0964544
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
-
Asendia ORD Warehouse & Storage
-
Groot recycling Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.41M
CAP Approach
CAP
$5.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.75M
Owner & transaction history
Gki Industrial Chicago LLC · 4 yrs held
Gki Industrial Chicago LLC
since 2021
Last sale
$4.9M
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 Des Plaines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Des Plaines 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
$4,315,000
ML approach
$4,405,000
CAP Approach
CAP Return
Estimation
6%
$5,710,000
6.5%
$5,275,000
7%
$4,895,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,225,000
Current use
Blend value · Realmo final
$4.75M
Range $4.28M – $5.23M · ±10% · vs last sale $4.88M (Nov 22 2021)
Last sale anchor
$4.88M
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
$60 / 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
$175,940
Tax year 2022
Assessed value
$683,753
Assessed 2022
Previous assessed
$731,852
-6.6% YoY
Effective rate
25.73%
On assessed value
Assessed land
$252,068
Assessed improvement
$431,685
Land market value
$1,008,272
Improvement market value
$1,726,740
Total market value
$2,735,012
Applied tax rate
22,028.0000
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
1969
Heating
NONE
Stories
1
Total area
79,617 SF
Lot
3.43 ac (149,411 SF)
APN
09-30-300-038
UPID
US28-0964544
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
$6.2M
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
1969
Heating
NONE
Stories
1
Lot
3.43 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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2021
$4,880,000
Gki Industrial Chicago LLC
Chicago Dry Ll LLC
Special Warranty Deed
$3,500,000 · Morgan Stanley Bank NA
Mar 8, 2018
$4,000,000
Chicago Dry Ll LLC
Db Ci II LLC
Grant Deed
related
$61,766,000 · Chase Bk/md
Jan 9, 2017
$2,989,000
Db Ci II LLC
Chicago Ohare Ind Holdings-2
Grant Deed
—
May 6, 2015
—
Chicago Ohare Industrial Hold
Crp-2 Holdings Dd LLC
Grant Deed
related
$113,600,000 · A10 Cap
Apr 17, 2007
$3,665,000
Crp-2 Holdings Dd LLC
Broadway Partners LLC
Grant Deed
related
—
Jan 15, 1998
—
Broadway Partners LLC
Oneill Trust
Quit Claim Deed
related
$1,700,000 · Westmark Mortgage
—
—
Crp-2 Holdings Dd LLC
—
Deed Of Trust
related
$107,323,000 · Wells Fargo 2007-cibc20 (te)
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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