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Property profile & analytics
OFF-MARKET
Estimated value
$2,630,000
Industrial properties
601 Frontier Way 701, Bensenville, IL 60106-3802
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US28-2540754
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,105 SF
Lot
0.77 ac (33,541 SF)
Zoning code
I
APN
03-02-104-003
UPID
US28-2540754
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
-
Takahashi Machinery Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.67M
CAP Approach
CAP
$2.00M
Comparable Approach
Comparable
$2.48M
Blend (final)
Blend
$2.63M
Owner & transaction history
Ranger II Urban Logistics Il LLC
Ranger II Urban Logistics Il LLC
since 2026
Last sale
$3.0M
4 recorded transactions
Zoning & alternative use
I · Bensenville, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.1M
+6.9%
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 Bensenville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bensenville 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
$2,650,000
ML approach
$2,670,000
CAP Approach
CAP Return
Estimation
6%
$2,160,000
6.5%
$1,995,000
7%
$1,850,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,930,000
Current use
WAREHOUSE, STORAGE
$3,135,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$2.63M
Range $2.37M – $2.89M · ±10% · vs last sale $3.00M (Aug 31 2023)
Last sale anchor
$3.00M
Aug 31 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
$87 / 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
$41,074
Tax year 2023
Assessed value
$455,710
Assessed 2023
Previous assessed
$406,890
+12.0% YoY
Effective rate
9.01%
On assessed value
Assessed land
$142,840
Assessed improvement
$312,870
Land market value
$428,520
Improvement market value
$938,610
Total market value
$1,367,130
Applied tax rate
3,216.0000
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
30,105 SF
Lot
0.77 ac (33,541 SF)
Zoning code
I
APN
03-02-104-003
UPID
US28-2540754
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Bensenville, IL
Zoning I · permitted uses
I · Bensenville, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bensenville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.9M
WAREHOUSE, STORAGE
Est. value
$3.1M
INDUSTRIAL (GENERAL) Current
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
0.77 ac
Current owner
From public records · entity-resolved
Ranger II Urban Logistics Il LLC
Entity
Mailing address
9500 BRYN MAWR AVE STE #340, ROSEMONT, IL 60018-5259
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2026
$4,650,000
Ranger II Urban Logistics Il LLC
Vk 744 Oaklawn LLC
Special Warranty Deed
$245,000,000 · Wells Fargo Bank NA
Dec 14, 2023
—
Vk 601 Frontier
—
Deed
related
$30,120,000 · Webster Bank NA
Aug 31, 2023
$3,000,000
Vk 601 Frontier LLC
Cleveland Marble Mosaic Company
Special Warranty Deed
—
Apr 22, 2014
$1,483,000
The Cleveland Marble Mosaic Company
Chicago Title Land Trust Company
Deed
$1,200,000 · Key Bank 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.
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