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Property profile & analytics
FOR LEASE
Industrial properties
8424 W 47Th St, Lyons, IL 60534
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-1805634
For Lease
1 / 2
$30,880,000
8424 W 47Th St, Lyons, IL 60534
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1972
Lot
13.43 ac (585,011 SF)
APN
18-02-312-017
UPID
US28-1805634
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
-
Arctic Glacier Premium Ice Big Box & Wholesale Store Distribution Center
-
Factor75 Warehouse & Storage
-
Lyons Cold Storage Storage Facility Warehouse & Storage
-
P & M Distributors Inc Distribution Center Logistics Company
-
www.registryseafood.com Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$30.88M
Owner & transaction history
Lineage Il Chicago & Lyons Re · 6 yrs held
Lineage Il Chicago & Lyons Re
since 2020
Last sale
$33.0M
7 recorded transactions
Zoning & alternative use
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 Lyons submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lyons 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
$26,635,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$30.88M
Range $27.79M – $33.97M · ±10% · vs last sale $33.00M (Jun 29 2020)
Last sale anchor
$33.00M
Jun 29 2020
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
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,376,281
Tax year 2022
Assessed value
$3,788,287
Assessed 2022
Previous assessed
$3,788,287
+0.0% YoY
Effective rate
36.33%
On assessed value
Assessed land
$438,693
Assessed improvement
$3,349,594
Land market value
$1,754,772
Improvement market value
$13,398,376
Total market value
$15,153,148
Applied tax rate
21,049.0000
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
For Lease
Year built
1972
Heating
NONE
Lot
13.43 ac (585,011 SF)
APN
18-02-312-017
UPID
US28-1805634
Jurisdiction
COOK
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
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Lot
13.43 ac
Current owner
From public records · entity-resolved
Lineage Il Chicago & Lyons Re
Individual
Mailing address
46500 HUMBOLDT DR, NOVI, MI 48377-2434
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2020
—
Lineage Il Chicago & Lyons Re
—
Deed
related
$1,320,000 · Goldman Sachs Bk USA
Aug 12, 2020
—
Lineage Il Chicago & Lyons Re
—
Deed
related
$623,700,000 · Column Fin'l INC
Jun 29, 2020
$33,000,000
Lineage Il Chicago & Lyons Re
Chill Ll LLC
Grant Deed
—
Apr 13, 2017
$24,311,500
Chill Ll LLC
Hb Lyons Cold Storage LLC
Grant Deed
$59,100,000 · Miscellaneous Ins Co
Dec 6, 2016
—
Hb Lyons Cold Storage LLC
—
Deed
related
—
Dec 21, 2012
—
Hb Lyons Cold Storage LLC
Wb Lyons Cold Storage LLC
Grant Deed
related
—
Oct 30, 2012
—
Hb Chicago Industrial LLC
Wb Lyons Cold Storage LLC
Grant Deed
related
—
Dec 6, 2011
$260,500
Wb Lyons Cold Storage LLC
United States Cold Storage INC
Grant Deed
$12,000,000 · Associated Bank
—
—
Hb Lyons Cold Storage LLC
—
Deed Of Trust
related
$17,500,000 · Miscellaneous Ins Co
—
—
Lineage Il Chicago & Lyons Re
—
Deed Of Trust
related
$623,700,000 · Column Fin'l INC
—
—
Hb Lyons Cold Storage LLC
—
Loan Modification
related
—
—
—
Lineage Il Chicago & Lyons Re
—
Deed Of Trust
related
$1,320,000 · Goldman Sachs Bk USA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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