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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Industrial properties
901 Ridgeway Ave, Aurora, IL 60506-5432
Entity Owned
2-yr Hold
Free & Clear
Property ID
US28-0850153
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
23,820 SF
Lot
2.34 ac (101,930 SF)
APN
15-28-101-044
UPID
US28-0850153
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
-
Mid America Energy Services Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$2.00M
Owner & transaction history
Rdaa Express INC · 2 yrs held
Rdaa Express INC
since 2024
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.6M
+89.5%
Warehouse, storage
$2.3M
+64.2%
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 Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aurora 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
$2,000,000
ML approach
$2,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,390,000
Current use
COMMERCIAL (GENERAL)
$2,630,000
Change: +90% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,280,000
Change: +64% · Conversion: Easy
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10% · vs last sale $2.00M (Jun 12 2024)
Last sale anchor
$2.00M
Jun 12 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
$84 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$27,490
Tax year 2022
Assessed value
$372,599
Assessed 2022
Previous assessed
$346,895
+7.4% YoY
Effective rate
7.38%
On assessed value
Assessed land
$106,735
Assessed improvement
$265,864
Land market value
$320,205
Improvement market value
$797,592
Total market value
$1,117,797
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
Heating
NONE
Total area
23,820 SF
Lot
2.34 ac (101,930 SF)
APN
15-28-101-044
UPID
US28-0850153
Jurisdiction
KANE
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
$1.4M
COMMERCIAL (GENERAL)
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.3M
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
Heating
NONE
Lot
2.34 ac
Current owner
From public records · entity-resolved
Rdaa Express INC
Entity
Free & Clear · 2 yrs held
Mailing address
1894 PLN AVEB, AURORA, IL 60502-8560
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2024
$2,000,000
Rdaa Express INC
Rdgeway Partners LLC
Special Warranty Deed
—
Nov 28, 2017
—
Ridgeway Partners LLC
—
Deed
related
—
Sep 4, 2001
$450,000
Ridgeway Partner LLP
Esposito,ronald & Mary P
Grant Deed
$350,000 · Valley Community Bank
Sep 4, 2001
—
Ronald Esposito
Castle Bank NA
Grant Deed
related
—
Jan 26, 2001
—
Esposito,ronald & Mary P
Old Kent Bank Trustee
Trustees Deed
related
—
—
—
Ridgeway Partners LLC
—
Deed Of Trust
related
$500,000 · St Charles Bk&tr
—
—
Merchants Nat'l Bk Aurora Ttee
—
Deed Of Trust
related
$650,000 · Sandwich State Bank
—
—
Ridgeway Partners LLC
—
Loan Modification
related
—
—
—
Merchants Nat'l Bk Aurora Ttee
—
Deed Of Trust
related
$275,000 · Sandwich State Bank
—
—
Ridgeway Partners LLC
—
Deed Of Trust
related
$340,000 · First Choice Bank
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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