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Property profile & analytics
OFF-MARKET
Estimated value
$28,550,000
Industrial properties
5800 Industrial Dr Monee, IL 60449-8057
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2737305
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2008
Total area
715,732 SF
Lot
33.76 ac (1,470,586 SF)
APN
21-14-20-402-002
UPID
US28-2737305
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
-
Erdner Mid-West Warehouse Monee Warehouse & Storage
-
Mobile oil fulfillment center Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$28.55M
Owner & transaction history
Palmer Logistics Midwest 3 Assets L · 1 yrs held
Palmer Logistics Midwest 3 Assets L
since 2024
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 Monee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monee 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
$40 / 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
$702,723
Tax year 2023
Assessed value
$6,104,002
Assessed 2023
Previous assessed
$6,104,002
+0.0% YoY
Effective rate
11.51%
On assessed value
Assessed land
$552,626
Assessed improvement
$5,551,376
Land market value
$1,657,878
Improvement market value
$16,654,128
Total market value
$18,312,006
Applied tax rate
2,140.0000
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
2008
Heating
NONE
Stories
1
Total area
715,732 SF
Lot
33.76 ac (1,470,586 SF)
APN
21-14-20-402-002
UPID
US28-2737305
Jurisdiction
WILL
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
2008
Heating
NONE
Stories
1
Lot
33.76 ac
Current owner
From public records · entity-resolved
Palmer Logistics Midwest 3 Assets L
Individual
Mailing address
251 LITTLE FLS DR, WILMINGTON, DE 19808-1674
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2024
—
Palmer Logistics Midwest 3 Assets L
Anson Logistics Assets LLC
Special Warranty Deed
—
Apr 3, 2024
—
Anson Logistics Asstes LLC
—
Deed
related
$170,000,000 · Standard Chartered Bank
Apr 1, 2019
—
Anson Logistics Assets LLC
—
Grant Deed
related
$270,000,000 · Miscellaneous Ins Co
May 1, 2018
$42,800,000
Anson Logistics Assets LLC
Exeter 5800 Industrial LLC
Grant Deed
—
Aug 14, 2017
—
Exeter 5800 Industrial LLC
—
Grant Deed
related
$108,000,000 · Wells Fargo Bk
Aug 10, 2015
$22,000,000
Exeter 5800 Industrial LLC
Will Partners Reit LLC
Grant Deed
—
Jun 17, 2013
—
Will Partners Reit LLC
—
Loan Modification
related
$400,000,000 · Key Bank NA
Nov 13, 2012
—
Will Partners Reit LLC
—
Deed Of Trust
related
$200,000,000 · Key Bank NA
Nov 23, 2011
—
Will Partners Reit LLC
—
Deed Of Trust
related
$150,000,000 · Key Bank NA
Jun 17, 2010
$796,782
Will Partners Reit LLC
Will Partners Investor 2 LLC
Grant Deed
—
Jun 17, 2010
$2,818,821
Will Partners Reit LLC
Will Partners LLC
Grant Deed
—
Jun 17, 2010
$3,187,130
Will Partners Reit LLC
Will Partners Investor 1 LLC
Grant Deed
$150,000,000 · Key Bank NA
Jun 17, 2010
$1,327,700
Will Partners Reit LLC
Will Partners Investor 3 LLC
Grant Deed
—
Jan 1, 2005
$15,676,783
Net Lease Investments INC
Owner Name Unavailable
Grant Deed
related
—
—
—
Will Partners Reit LLC
—
Deed Of Trust
related
—
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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