New search
Property profile & analytics
OFF-MARKET
Estimated value
$14,100,000
Industrial properties
865 Irving Park Rd, Itasca, IL 60143-2021
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-5717549
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1992
Construction
CONCRETE
Total area
141,286 SF
Lot
6.2 ac (270,072 SF)
Zoning code
I
APN
03-07-201-001
UPID
US28-5717549
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
-
Diverzify+ General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.36M
CAP Approach
CAP
$9.36M
Comparable Approach
Comparable
$13.93M
Blend (final)
Blend
$14.10M
Owner & transaction history
Ffv Il Itasca LLC · 5 yrs held
Ffv Il Itasca LLC
since 2020
Last sale
$15.1M
7 recorded transactions
Zoning & alternative use
I · Itasca, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$23.4M
+58.6%
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 Itasca submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Itasca 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
by Request
ML approach
$12,360,000
CAP Approach
CAP Return
Estimation
6%
$10,135,000
6.5%
$9,355,000
7%
$8,690,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$14,745,000
Current use
COMMERCIAL (GENERAL)
$23,380,000
Change: +59% · Conversion: Difficult
WAREHOUSE, STORAGE
$14,715,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$14.10M
Range $12.69M – $15.51M · ±10% · vs last sale $15.05M (Dec 31 2020)
Last sale anchor
$15.05M
Dec 31 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
$100 / 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
$249,121
Tax year 2023
Assessed value
$3,455,550
Assessed 2023
Previous assessed
$2,002,370
+72.6% YoY
Effective rate
7.21%
On assessed value
Assessed land
$802,410
Assessed improvement
$2,653,140
Land market value
$2,407,230
Improvement market value
$7,959,420
Total market value
$10,366,650
Applied tax rate
3,087.0000
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
1992
Construction
CONCRETE
Heating
NONE
Total area
141,286 SF
Lot
6.2 ac (270,072 SF)
Zoning code
I
APN
03-07-201-001
UPID
US28-5717549
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Itasca, IL
Zoning I · permitted uses
I · Itasca, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Itasca. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$14.7M
COMMERCIAL (GENERAL)
Est. value
$23.4M
WAREHOUSE, STORAGE
Est. value
$14.7M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1992
Construction
CONCRETE
Heating
NONE
Lot
6.2 ac
Current owner
From public records · entity-resolved
Ffv Il Itasca LLC
Entity
Mailing address
865 W IRVING PARK RD, ITASCA, IL 60143-2021
Mailing matches property
Yes
Owner-occupied
Yes
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
Dec 31, 2020
$15,050,000
Ffv Il Itasca LLC
865 W Irving Road LLC
Special Warranty Deed
$10,000,000 · Associated Bank NA
Mar 13, 2018
—
865 W Irving Road LLC
Trust Bev-2384
Grant Deed
$5,000,000 · Miscellaneous Ins Co
Jul 29, 2010
—
Trust Bev-2384
—
Grant Deed
related
$6,000,000 · North Shore Community Bank
Sep 5, 2007
$6,400,000
Trust Bev-2384
Tst Of Impreso INC
Warranty Deed
$4,800,000 · North Shore Community Bank
Apr 25, 2003
—
Tst Impreso INC
—
Trustees Deed
related
$1,400,000 · Bloomingdale Bank & Trust
Feb 12, 2003
—
Tst Impreso INC
Sorokwasz,marshall
Quit Claim Deed
related
—
Nov 12, 2002
—
Tst/impreso INC
Tst/impreso INC
Quit Claim Deed
related
—
Nov 8, 2002
—
Tst/impreso INC
Tst/impreso INC
Quit Claim Deed
related
—
Jun 10, 2002
—
Tst Impreso INC
United Computer Supplies INC
Grant Deed
$3,200,000 · Bloomingdale Bank & Trust
Aug 9, 2000
$4,305,000
United Computer Supplies INC
Office Electronics INC
Grant Deed
$30,000,000 · Bank Of America
—
—
Trust Bev2384
—
Deed Of Trust
related
$4,500,000 · John Hancock Life Insurance Co
—
—
Tst Of Impreso INC
—
Deed Of Trust
related
$4,456,026 · Bloomingdale Bank & Trust
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 865 Irving Park Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
