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Property profile & analytics
OFF-MARKET
Estimated value
$45,425,000
Industrial properties
750 Schmidt Rd, Bolingbrook, IL 60440-4813
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-5646835
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1997
Total area
200,605 SF
Lot
10 ac (435,600 SF)
APN
12-02-22-301-007
UPID
US28-5646835
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$45.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$45.43M
Owner & transaction history
Schmidt Bolingbrook LLC · 1 yrs held
Schmidt Bolingbrook LLC
since 2024
Last sale
$45.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$53.0M
+152.2%
Apartment house (5+ units)
$32.1M
+53.0%
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 Bolingbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bolingbrook 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
$45,425,000
ML approach
$45,425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$52,995,000
Change: +152% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$32,135,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$45.43M
Range $40.88M – $49.97M · ±10% · vs last sale $45.43M (Oct 30 2024)
Last sale anchor
$45.43M
Oct 30 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
$226 / 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
$401,321
Tax year 2023
Assessed value
$4,137,200
Assessed 2023
Previous assessed
$4,137,200
+0.0% YoY
Effective rate
9.70%
On assessed value
Assessed land
$599,538
Assessed improvement
$3,537,662
Land market value
$1,798,614
Improvement market value
$10,612,986
Total market value
$12,411,600
Applied tax rate
1,214.0000
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
1997
Heating
NONE
Stories
1
Total area
200,605 SF
Lot
10 ac (435,600 SF)
APN
12-02-22-301-007
UPID
US28-5646835
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$53.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$32.1M
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1997
Heating
NONE
Stories
1
Lot
10 ac
Current owner
From public records · entity-resolved
Schmidt Bolingbrook LLC
Entity
Mailing address
1600 NEWPORT CTR DR STE #140, NEWPORT BEACH, CA 92660-6212
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2024
$45,425,000
Schmidt Bolingbrook LLC
West Liberty Foods LLC
Special Warranty Deed
$31,800,000 · Comerica Bank
Dec 26, 2019
—
West Liberty Foods LLC
—
Grant Deed
related
$65,000,000 · Bmo Harris Bk NA
Oct 15, 2018
—
West Liberty Foods LLC
—
Loan Modification
related
$200,000,000 · Jp Morgan Chase Bk
May 1, 2017
—
West Liberty Foods LLC
—
Loan Modification
related
$165,000,000 · Jp Morgan Chase Bk
Sep 30, 2014
—
750 Schmidt Road LLC
First Industrial Investments I
Quit Claim Deed
related
—
Sep 30, 2014
$28,933,000
West Liberty Foods LLC
Griffin Capital Bolingbrook Investo
Special Warranty Deed
—
Nov 13, 2007
$6,551,335
Cap Bolingbrook Invtrs Griffin
Griffin Cap Bolingbrook Invtrs
Grant Deed
—
Oct 5, 2007
$28,353,493
Griffin Capital Invtrs 1 LLC
Griffin Capital Investors LLC
Grant Deed
$17,353,600 · First Industrial LP
Jul 5, 2007
—
750 Schmidt Road LLC
First Industrial Invts INC
Grant Deed
$17,353,600 · First Industrial LP
Jul 5, 2007
$23,138,134
750 Schmidt Road LLC
First Industrial Invts INC
Grant Deed
—
Aug 11, 2006
—
Quantum Foods 213-d LLC
—
Deed Of Trust
related
$165,706,000 · J P Morgan Chase Bank
Aug 1, 2006
$3,750,000
First Industrial Dev Svcs INC
Quantum Foods INC
Grant Deed
—
Aug 1, 2006
$13,250,000
First Industrial Dev Svcs INC
Quantum Properties LLC
Grant Deed
—
Apr 6, 2000
—
Quantum Foods INC
—
Deed Of Trust
related
$15,000,000 · John Hancock Life Ins Co Ttee
—
—
Quantum Foods 213-d LLC
—
Deed Of Trust
related
$71,000,000 · General Electric Capital Corp
—
—
Quantum Foods INC
—
Deed Of Trust
related
$7,000,000 · Quantum Properties LLC Ttee
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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