New search
Property profile & analytics
OFF-MARKET
Estimated value
$25,700,000
Industrial properties
550 Ctr Ave, Carol Stream, IL 60188-9415
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2561041
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2020
Construction
TILT-UP CONCRETE
Total area
185,768 SF
Lot
11.79 ac (513,572 SF)
Zoning code
I
APN
02-28-300-039
UPID
US28-2561041
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
-
OmniCable Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$25.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.73M
Blend (final)
Blend
$25.70M
Owner & transaction history
Prologis Exchange Il 2003 LLC · 1 yrs held
Prologis Exchange Il 2003 LLC
since 2024
Last sale
$25.7M
7 recorded transactions
Zoning & alternative use
I · Carol Stream, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$41.8M
+81.9%
Retail stores
$40.0M
+74.0%
Commercial (general)
$38.0M
+65.2%
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 Carol Stream submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carol Stream 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
$25,700,000
ML approach
$25,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$23,005,000
Current use
MEDICAL BUILDING
$41,845,000
Change: +82% · Conversion: Difficult
RETAIL STORES
$40,030,000
Change: +74% · Conversion: Moderate
COMMERCIAL (GENERAL)
$38,015,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$33,295,000
Change: +45% · Conversion: Difficult
WAREHOUSE, STORAGE
$19,350,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$25.70M
Range $23.13M – $28.27M · ±10% · vs last sale $25.70M (Aug 26 2024)
Last sale anchor
$25.70M
Aug 26 2024
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
$138 / 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
$380,584
Tax year 2023
Assessed value
$4,259,470
Assessed 2023
Previous assessed
$2,650,510
+60.7% YoY
Effective rate
8.94%
On assessed value
Assessed land
$913,210
Assessed improvement
$3,346,260
Land market value
$2,739,630
Improvement market value
$10,038,780
Total market value
$12,778,410
Applied tax rate
2,046.0000
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
2020
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
185,768 SF
Lot
11.79 ac (513,572 SF)
Zoning code
I
APN
02-28-300-039
UPID
US28-2561041
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Carol Stream, IL
Zoning I · permitted uses
I · Carol Stream, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carol Stream. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$23.0M
MEDICAL BUILDING
Est. value
$41.8M
RETAIL STORES
Est. value
$40.0M
COMMERCIAL (GENERAL)
Est. value
$38.0M
OFFICE BUILDING
Est. value
$33.3M
WAREHOUSE, STORAGE
Est. value
$19.4M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2020
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
11.79 ac
Current owner
From public records · entity-resolved
Prologis Exchange Il 2003 LLC
Entity
Mailing address
1800 WAZEE ST STE #2200, DENVER, CO 80202-1577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Aug 26, 2024
$25,700,000
Prologis Exchange Il 2003 LLC
The Realty Associates Fund Xii LP
Special Warranty Deed
—
Apr 2, 2021
$21,365,000
Tile Realty Assc Fund Xii Portfolio
Lpc Carol Stream LLC
Special Warranty Deed
—
Aug 1, 2019
—
Lpc Carol Stream LLC
Ridge Carol Stream LLC
Quit Claim Deed
related
$10,500,000 · Barrington Bk&tr
Jun 11, 2018
—
Ridge Carol Stream LLC
—
Deed
related
$1,250,000 · Barrington Bk&tr Co NA
Dec 8, 2017
—
Ridge Carol Stream LLC
—
Grant Deed
related
$10,000,000 · Barrington Bk&tr Co NA
Feb 7, 2003
—
Ridge Carol Stream LLC
Ridge Realty Group LLC
Quit Claim Deed
related
$2,600,000 · American United Life Ins Co
—
—
Ridge Carol Stream LLC
—
Loan Modification
related
$1,250,000 · Barrington Bk&tr Co 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 550 Ctr Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
