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Property profile & analytics
OFF-MARKET
Estimated value
$6,890,000
Industrial properties
865 Muirfield Dr, Hanover Park, IL 60133-5476
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1807535
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1993
Construction
TYPE NOT SPECIFIED
Total area
47,975 SF
Lot
3.28 ac (142,877 SF)
Zoning code
I
APN
02-05-303-010
UPID
US28-1807535
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
-
EnableMart Corporate Office Business Park
-
BHS Robotics Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.10M
Blend (final)
Blend
$6.89M
Owner & transaction history
Il 865 Muirfield Drive De LLC · 4 yrs held
Il 865 Muirfield Drive De LLC
since 2021
Last sale
$6.6M
6 recorded transactions
Zoning & alternative use
I · Hanover Park, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.8M
+98.6%
Retail stores
$10.3M
+90.0%
Office building
$8.6M
+58.0%
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
Method
Estimation
Statistic approach
$7,615,000
ML approach
$7,605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,440,000
Current use
MEDICAL BUILDING
$10,805,000
Change: +99% · Conversion: Difficult
RETAIL STORES
$10,340,000
Change: +90% · Conversion: Moderate
OFFICE BUILDING
$8,600,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$6.89M
Range $6.20M – $7.58M · ±10% · vs last sale $6.56M (Sep 28 2021)
Last sale anchor
$6.56M
Sep 28 2021
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
$144 / 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
$99,181
Tax year 2023
Assessed value
$1,216,060
Assessed 2023
Previous assessed
$1,216,060
+0.0% YoY
Effective rate
8.16%
On assessed value
Assessed land
$345,580
Assessed improvement
$870,480
Land market value
$1,036,740
Improvement market value
$2,611,440
Total market value
$3,648,180
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
1993
Construction
TYPE NOT SPECIFIED
Heating
NONE
Total area
47,975 SF
Lot
3.28 ac (142,877 SF)
Zoning code
I
APN
02-05-303-010
UPID
US28-1807535
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$10.8M
RETAIL STORES
Est. value
$10.3M
OFFICE BUILDING
Est. value
$8.6M
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
1993
Construction
TYPE NOT SPECIFIED
Heating
NONE
Lot
3.28 ac
Current owner
From public records · entity-resolved
Il 865 Muirfield Drive De LLC
Entity
Mailing address
450 PARK AVE FL #9, NEW YORK, NY 10022-2741
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2021
$6,560,000
Il 865 Muirfield Drive De LLC
Platinum Owner Il LLC
Special Warranty Deed
$286,000,000 · Morgan Stanley Bank NA
Jan 14, 2021
$4,000,000
Platinum Owner Il LLC
865 Muirfield Drive Investors LLC
Special Warranty Deed
$695,000,000 · Barclays Capital Real Estate INC
Oct 25, 2017
$2,900,000
865 Muirfield Drive Invtrs LLC
Cg LP
Warranty Deed
—
Jun 27, 2017
—
Cg LP
—
Grant Deed
related
$5,150,000 · Jp Morgan Chase Bk
—
—
Cg LP
—
Deed Of Trust
related
$3,750,000 · J P Morgan Chase Bank
—
—
865 Muirfield Drive Invtrs LLC
—
Deed Of Trust
related
$1,811,671 · Miscellaneous Ins 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.
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