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Property profile & analytics
OFF-MARKET
Estimated value
$5,310,000
Industrial properties
880 Thorndale Ave, Itasca, IL 60143-1341
Entity Owned
5-yr Hold
Free & Clear
Property ID
US28-5310763
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
83,108 SF
Lot
3.34 ac (145,490 SF)
Zoning code
I
APN
03-06-405-004
UPID
US28-5310763
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
-
Finzer Roller Factory Chemical Plant
-
Givaudan Flavours Corp Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.62M
CAP Approach
CAP
$5.51M
Comparable Approach
Comparable
$3.71M
Blend (final)
Blend
$5.31M
Owner & transaction history
880 Thorndale LLC · 5 yrs held
880 Thorndale LLC
since 2020
Last sale
$4.7M
4 recorded transactions
Zoning & alternative use
I · Itasca, 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 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
$6,710,000
ML approach
$6,620,000
CAP Approach
CAP Return
Estimation
6%
$5,965,000
6.5%
$5,505,000
7%
$5,110,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,675,000
Current use
WAREHOUSE, STORAGE
$8,655,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$5.31M
Range $4.78M – $5.84M · ±10% · vs last sale $4.66M (Dec 24 2020)
Last sale anchor
$4.66M
Dec 24 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
$64 / 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
$143,064
Tax year 2023
Assessed value
$1,984,430
Assessed 2023
Previous assessed
$1,653,690
+20.0% YoY
Effective rate
7.21%
On assessed value
Assessed land
$444,420
Assessed improvement
$1,540,010
Land market value
$1,333,260
Improvement market value
$4,620,030
Total market value
$5,953,290
Applied tax rate
3,088.0000
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
83,108 SF
Lot
3.34 ac (145,490 SF)
Zoning code
I
APN
03-06-405-004
UPID
US28-5310763
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
$8.7M
WAREHOUSE, STORAGE
Est. value
$8.7M
INDUSTRIAL (GENERAL) Current
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
3.34 ac
Current owner
From public records · entity-resolved
880 Thorndale LLC
Entity
Free & Clear · 5 yrs held
Mailing address
880 W THORNDALE AVE, ITASCA, IL 60143-1341
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2021
—
880 Thorndale LLC
—
Deed
related
$7,600,000 · The Huntington National Bank
Dec 24, 2020
$4,655,000
880 Thorndale LLC
Givaudan Flavors Corp
Grant Deed
—
Mar 26, 2008
$107,500
Givaudan Flavors Corp
Quest Intl Flavors & Fragranc
Grant Deed
—
Feb 13, 2007
$3,880,500
Intl Flavors Quest
Indopco INC
Grant 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.
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