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Property profile & analytics
OFF-MARKET
Estimated value
$35,150,000
Industrial properties
845 Lk St, Bartlett, IL 60103
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-4251309
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2021
Construction
TILT-UP CONCRETE
Total area
216,238 SF
Lot
13.52 ac (588,931 SF)
APN
02-08-101-010
UPID
US28-4251309
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
-
iGPS Logistics Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$35.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.48M
Blend (final)
Blend
$35.15M
Owner & transaction history
Cicf III Il1 M 0 1 LLC · 1 yrs held
Cicf III Il1 M 0 1 LLC
since 2024
Last sale
$35.2M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$48.7M
+102.2%
Retail stores
$46.6M
+93.4%
Office building
$38.8M
+60.9%
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 Bartlett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bartlett 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
$35,150,000
ML approach
$35,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$24,090,000
Current use
MEDICAL BUILDING
$48,710,000
Change: +102% · Conversion: Difficult
RETAIL STORES
$46,595,000
Change: +93% · Conversion: Moderate
OFFICE BUILDING
$38,755,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$35.15M
Range $31.64M – $38.67M · ±10% · vs last sale $35.15M (Sep 16 2024)
Last sale anchor
$35.15M
Sep 16 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
$163 / 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
$254,967
Tax year 2023
Assessed value
$3,126,160
Assessed 2023
Previous assessed
$3,126,160
+0.0% YoY
Effective rate
8.16%
On assessed value
Assessed land
$1,108,380
Assessed improvement
$2,017,780
Land market value
$3,325,140
Improvement market value
$6,053,340
Total market value
$9,378,480
Applied tax rate
2,254.0000
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
2021
Construction
TILT-UP CONCRETE
Total area
216,238 SF
Lot
13.52 ac (588,931 SF)
APN
02-08-101-010
UPID
US28-4251309
Jurisdiction
DU PAGE
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
INDUSTRIAL (GENERAL) Current
Est. value
$24.1M
MEDICAL BUILDING
Est. value
$48.7M
RETAIL STORES
Est. value
$46.6M
OFFICE BUILDING
Est. value
$38.8M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
2021
Construction
TILT-UP CONCRETE
Lot
13.52 ac
Current owner
From public records · entity-resolved
Cicf III Il1 M 0 1 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1 PARKVIEW PLZ STE #600, OAKBROOK TERRACE, IL 60181-4497
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2025
—
Cicf III Il1m01 LLC
—
Deed
related
$142,000,000 · Jackson National Life Insurance Company
Sep 16, 2024
$35,150,000
Cicf III Il1 M 0 1 LLC
Fund Xii Hanover Park LLC
Special Warranty Deed
—
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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