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Property profile & analytics
OFF-MARKET
Industrial properties
850 Central Ave, Hanover Park, IL 60133-5422
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-2906726
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2001
Construction
TILT-UP CONCRETE
Total area
320,430 SF
Lot
16.56 ac (721,354 SF)
Zoning code
I
APN
02-05-412-006
UPID
US28-2906726
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
-
FUJIFILM GRAPHIC SYSTEMS DIVISION Industrial Manufacturer Production Facility
-
Fuji Medical Systems Medical Clinic
-
Fujifilm Graphic Systems Printing Equipment And Supplies Business To Business Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
850 Central Avenue LLC · 4 yrs held
850 Central Avenue LLC
since 2022
Last sale
$48.5M
7 recorded transactions
Zoning & alternative use
I · Hanover Park, 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 Hanover Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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 2023Property tax & assessments
Tax year 2023
Tax billed
$475,760
Tax year 2023
Assessed value
$5,833,320
Assessed 2023
Previous assessed
$5,751,130
+1.4% YoY
Effective rate
8.16%
On assessed value
Assessed land
$1,562,930
Assessed improvement
$4,270,390
Land market value
$4,688,790
Improvement market value
$12,811,170
Total market value
$17,499,960
Applied tax rate
2,128.0000
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
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
320,430 SF
Lot
16.56 ac (721,354 SF)
Zoning code
I
APN
02-05-412-006
UPID
US28-2906726
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Hanover Park, IL
Zoning I · permitted uses
I · Hanover Park, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanover Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
16.56 ac
Current owner
From public records · entity-resolved
850 Central Avenue LLC
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2022
—
850 Central Avenue Realty LLC
—
Deed
related
$103,000,000 · Jpmorgan Chase Bank NA
Mar 30, 2022
$48,500,000
850 Central Avenue LLC
Harvest A Fuji LLC
Special Warranty Deed
—
Oct 11, 2019
—
Harvest A Fuji LLC
—
Loan Modification
related
$445,000,000 · Miscellaneous Ins Co
Dec 15, 2016
—
Harvest A Fuji LLC
850 Central Commerce Center L
Grant Deed
$345,000 · Miscellaneous Ins Co
Nov 12, 2015
$29,250,000
850 Central Commerce Center LLC
The Realty Associates Fund Ix LP
Special Warranty Deed
$19,300,000 · Pnc Bank NA
Sep 1, 2011
$26,650,000
Realty Associates Fund Ix LP
Industrial Property Fund V LP
Grant Deed
—
—
—
Realty Associates Fund Ix LP
—
Deed Of Trust
related
$100,000,000 · State Farm Life Insurance Co
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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