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Property profile & analytics
OFF-MARKET
Estimated value
$3,480,000
Industrial properties
908 Central Ave 38, Wood Dale, IL 60191-1216
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2169510
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
46,042 SF
Lot
2.43 ac (105,851 SF)
Zoning code
I
APN
03-03-302-021
UPID
US28-2169510
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
-
Kratompoint.com Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.92M
CAP Approach
CAP
$3.05M
Comparable Approach
Comparable
$4.73M
Blend (final)
Blend
$3.48M
Owner & transaction history
908 938 Central Owner LP · 4 yrs held
908 938 Central Owner LP
since 2021
Last sale
$3.3M
6 recorded transactions
Zoning & alternative use
I · Wood Dale, 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 Wood Dale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wood Dale 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
$3,830,000
ML approach
$3,915,000
CAP Approach
CAP Return
Estimation
6%
$3,305,000
6.5%
$3,050,000
7%
$2,830,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,975,000
Current use
WAREHOUSE, STORAGE
$4,795,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$3.48M
Range $3.13M – $3.83M · ±10% · vs last sale $3.30M (Nov 10 2021)
Last sale anchor
$3.30M
Nov 10 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
$76 / 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
$92,502
Tax year 2023
Assessed value
$1,255,080
Assessed 2023
Previous assessed
$1,103,950
+13.7% YoY
Effective rate
7.37%
On assessed value
Assessed land
$338,520
Assessed improvement
$916,560
Land market value
$1,015,560
Improvement market value
$2,749,680
Total market value
$3,765,240
Applied tax rate
3,231.0000
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
46,042 SF
Lot
2.43 ac (105,851 SF)
Zoning code
I
APN
03-03-302-021
UPID
US28-2169510
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Wood Dale, IL
Zoning I · permitted uses
I · Wood Dale, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wood Dale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$4.8M
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
2.43 ac
Current owner
From public records · entity-resolved
908 938 Central Owner LP
Entity
Mailing address
700 N PEARL STN1650, DALLAS, TX 75201-2824
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
Nov 10, 2021
$3,300,000
908 938 Central Owner LP
Chicago II LLC
Special Warranty Deed
$281,400,000 · Truist Bank
Apr 14, 2016
$2,674,000
Wmi Chicago II LLC
Amb Sgp Tx/il Sub LLC
Special Warranty Deed
$53,300,000 · Deutsche Bank National Trust Co
Feb 26, 2007
—
Amb-sgp Tx Of Il Sub LLC
Amb-sgp Tx Of Il
Quit Claim Deed
$305,000,000 · Prudential Insurance Co
Sep 25, 2001
—
Amb-sgp Tx/il LP
—
Deed Of Trust
related
$52,700,000 · Prudential Insurance Co
Apr 4, 2001
$3,804,000
Amb Sgp Tx/il LP
Amb Property LP
Grant Deed
related
—
Dec 20, 1999
$3,994,500
Abn Property II
Glenborough Properties LP
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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