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Property profile & analytics
OFF-MARKET
Estimated value
$2,330,000
Industrial properties
700 High Grv Blvd, Glendale Heights, IL 60139-2277
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US28-1277443
Property summary
AI-generated overview
This ±43,519 square foot industrial warehouse, located at 700 High Grove Blvd in Glendale Heights, Illinois, presents a rare opportunity. Situated on approximately 3.09 acres in DuPage County, this single-tenant building boasts a 18-foot ceiling height, making it ideal for various industrial uses. Built in 1990, the property features two interior loading docks, one drive-in door, and substantial power (3000A 480/277V). The building includes approximately 9,142 square feet of office space with brand new finishes and LED lighting upgrades. Its convenient location offers excellent access to I-355 via Army Trail Road. The property is zoned for industrial use and includes a sprinkler system and raked precast construction. Property taxes are $2.45 per square foot. This well-maintained, standalone facility represents a highly desirable asset in the central DuPage County market. Don't miss this chance to secure a prime industrial space in a strategic location.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Construction
TILT-UP CONCRETE
Total area
43,454 SF
Lot
3.09 ac (134,600 SF)
Zoning code
I
APN
02-26-107-003
UPID
US28-1277443
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
-
ITW Red Head Construction Company
-
ITW Commercial Construction Construction Company
-
ITW BUILDEX Industrial Manufacturer Production Facility
-
ITW Ramset Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.88M
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$2.33M
Owner & transaction history
Frg-x-dmd-il LP
Frg-x-dmd-il LP
since 2026
3 recorded transactions
Zoning & alternative use
I · Glendale Heights, IL
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 Glendale Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale Heights 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,120,000
6.5%
$2,880,000
7%
$2,670,000
Blend value · Realmo final
$2.33M
Range $2.10M – $2.56M · ±10%
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
$54 / 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
$96,775
Tax year 2023
Assessed value
$1,000,000
Assessed 2023
Previous assessed
$911,280
+9.7% YoY
Effective rate
9.68%
On assessed value
Assessed land
$326,130
Assessed improvement
$673,870
Land market value
$978,390
Improvement market value
$2,021,610
Total market value
$3,000,000
Applied tax rate
2,210.0000
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
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
43,454 SF
Lot
3.09 ac (134,600 SF)
Zoning code
I
APN
02-26-107-003
UPID
US28-1277443
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Glendale Heights, IL
Zoning I · permitted uses
I · Glendale Heights, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
3.09 ac
Current owner
From public records · entity-resolved
Frg-x-dmd-il LP
Entity
Mailing address
55TH C O FARO PTN, CHICAGO, IL 60607
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2026
—
Frg-x-dmd-il LP
Frg-x-il1 LP
Special Warranty Deed
related
$325,000,000 · Capitalonena
Jan 7, 2022
—
Frg X Il1 LP
The Chicago Community Foundation
Special Warranty Deed
—
Oct 4, 2021
—
The Chicago Community Foundation
Ted Szywala
Intrafamily Transfer
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.
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