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Property profile & analytics
OFF-MARKET
Estimated value
$11,345,000
Warehouses
700 Commerce St Aurora, IL 60504-8174
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0075900
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Total area
140,761 SF
Lot
8.2 ac (357,192 SF)
Zoning code
I
APN
07-20-204-013
UPID
US28-0075900
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
-
Optimum Nutrition (Bike/Boat/Book/etc) Store Pharmacy
-
Hunter Garage Door Repairs Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.80M
Blend (final)
Blend
$11.35M
Owner & transaction history
Gps Aurora LLC · 4 yrs held
Gps Aurora LLC
since 2022
Last sale
$11.6M
7 recorded transactions
Zoning & alternative use
I · Aurora, IL
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 Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aurora 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
$10,485,000
ML approach
$8,955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,840,000
Current use
Blend value · Realmo final
$11.35M
Range $10.21M – $12.48M · ±10% · vs last sale $11.55M (Jan 20 2022)
Last sale anchor
$11.55M
Jan 20 2022
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
$81 / 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
$233,343
Tax year 2023
Assessed value
$2,871,240
Assessed 2023
Previous assessed
$2,037,400
+40.9% YoY
Effective rate
8.13%
On assessed value
Assessed land
$485,980
Assessed improvement
$2,385,260
Land market value
$1,457,940
Improvement market value
$7,155,780
Total market value
$8,613,720
Applied tax rate
7,045.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Heating
NONE
Total area
140,761 SF
Lot
8.2 ac (357,192 SF)
Zoning code
I
APN
07-20-204-013
UPID
US28-0075900
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Aurora, ILZoning I · permitted uses
I · Aurora, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home | City of Aurora, IL
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$11.8M
WAREHOUSE, STORAGE 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
1996
Heating
NONE
Lot
8.2 ac
Current owner
From public records · entity-resolved
Gps Aurora LLC
Entity
Mailing address
2555 N ELSTON AVE, CHICAGO, IL 60647-2003
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2024
—
Bprep 600 700 Meridian LLC
—
Deed
related
$123,000,000 · Wells Fargo Bank NA
Jan 20, 2022
$11,550,000
Gps Aurora LLC
Bprep 600 700 Meridian LLC
Special Warranty Deed
$8,700,000 · Parkway Bank & Trust Co
Oct 2, 2018
—
Bprep 600-700 Meridian LLC
—
Grant Deed
related
$326,500,000 · Miscellaneous Ins Co
Apr 5, 2017
$17,117,000
Bprep 600-700 Meridian LLC
Realty Associates Fund Ix LP
Trustees Deed
$653,000,000 · Miscellaneous Ins Co
Dec 14, 2011
$16,000,000
Realty Associates Fund Ix LP
Commercial Finance Business Pr
Grant Deed
—
Aug 8, 2007
$8,310,000
Coml Finance Busn Prop Co Ge
Trust 10612
Grant Deed
—
Jun 8, 2004
—
Easton Partners LLP St. Joseph
St Joseph Easton Partners
Quit Claim Deed
related
—
—
—
Realty Associates Fund Ix LP
—
Deed Of Trust
related
$100,000,000 · State Farm Life Insurance Co
—
—
West Suburban Bank Ttee
—
Deed Of Trust
related
$5,000,000 · American Nat'l Bk & Tr Chicago
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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