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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Industrial properties
7949 Frst Hls Rd Loves Park, IL 61111-3394
Entity Owned
3-yr Hold
Free & Clear
Property ID
US28-3477185
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1990
Total area
20,100 SF
Lot
0.91 ac (39,628 SF)
Zoning code
IL - INDUSTRIAL
APN
08-33-102-012
UPID
US28-3477185
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
$945k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.05M
Owner & transaction history
Forest Hills Court Re LLC · 3 yrs held
Forest Hills Court Re LLC
since 2022
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
IL - INDUSTRIAL · Loves Park, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+107.7%
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 Loves Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Loves Park 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
$810,000
ML approach
$945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$770,000
Current use
COMMERCIAL (GENERAL)
$1,600,000
Change: +108% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.15M (Aug 3 2022)
Last sale anchor
$1.15M
Aug 3 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
$52 / 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
$26,422
Tax year 2023
Assessed value
$294,861
Assessed 2023
Previous assessed
$268,935
+9.6% YoY
Effective rate
8.96%
On assessed value
Assessed land
$53,655
Assessed improvement
$241,206
Land market value
$160,965
Improvement market value
$723,618
Total market value
$884,583
Applied tax rate
6.0000
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
1990
Heating
SPACE
Stories
1
Total area
20,100 SF
Lot
0.91 ac (39,628 SF)
Zoning code
IL - INDUSTRIAL
APN
08-33-102-012
UPID
US28-3477185
Jurisdiction
WINNEBAGO
Zoning & alternative use
IL - INDUSTRIAL · Loves Park, IL
Zoning IL - INDUSTRIAL · permitted uses
IL - INDUSTRIAL · Loves Park, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Loves Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1990
Heating
SPACE
Stories
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Forest Hills Court Re LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1810 E VALENCIA DR, FULLERTON, CA 92831-4847
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2022
—
Forest Hills Court Re LLC
—
Deed
related
$862,500 · Pacific Premier Bank
Aug 3, 2022
$1,150,000
Forest Hills Court Re LLC
Lj Leasing LLC
Warranty Deed
—
Apr 18, 2014
—
Lj Leasing LLC
Phippen,larry G
Quit Claim Deed
related
—
—
—
Lj Leasing LLC
—
Deed Of Trust
related
$242,391 · Bmo Harris Bk NA
—
—
L/j Leasing
—
Deed Of Trust
related
$415,000 · J P Morgan Chase Bank
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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