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Property profile & analytics
OFF-MARKET
Estimated value
$28,000,000
Warehouses
925 Enterprise St, Aurora, IL 60504-4932
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-3341404
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2022
Total area
144,164 SF
Lot
7.95 ac (346,302 SF)
APN
07-17-403-009
UPID
US28-3341404
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
-
ILICFS Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$28.00M
CAP Approach
CAP
$32.54M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$28.00M
Owner & transaction history
Re Plus Meridian LLC · 2 yrs held
Re Plus Meridian LLC
since 2024
Last sale
$28.0M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$44.8M
+269.8%
Medical building
$32.5M
+167.8%
Retail stores
$31.1M
+156.2%
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
$28,000,000
ML approach
$28,000,000
CAP Approach
CAP Return
Estimation
6%
$35,245,000
6.5%
$32,535,000
7%
$30,210,000
Alternative Use
Use
Estimation
RESTAURANT
$44,830,000
Change: +270% · Conversion: Difficult
MEDICAL BUILDING
$32,475,000
Change: +168% · Conversion: Difficult
RETAIL STORES
$31,065,000
Change: +156% · Conversion: Moderate
OFFICE BUILDING
$25,840,000
Change: +113% · Conversion: Difficult
COMMERCIAL (GENERAL)
$23,100,000
Change: +91% · Conversion: Difficult
Blend value · Realmo final
$28.00M
Range $25.20M – $30.80M · ±10% · vs last sale $28.00M (Apr 15 2024)
Last sale anchor
$28.00M
Apr 15 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
$194 / 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
$80,169
Tax year 2023
Assessed value
$986,460
Assessed 2023
Previous assessed
$755,360
+30.6% YoY
Effective rate
8.13%
On assessed value
Assessed land
$470,920
Assessed improvement
$515,540
Land market value
$1,412,760
Improvement market value
$1,546,620
Total market value
$2,959,380
Applied tax rate
7,045.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Heating
NONE
Total area
144,164 SF
Lot
7.95 ac (346,302 SF)
APN
07-17-403-009
UPID
US28-3341404
Jurisdiction
DU PAGE
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
RESTAURANT
Est. value
$44.8M
MEDICAL BUILDING
Est. value
$32.5M
RETAIL STORES
Est. value
$31.1M
OFFICE BUILDING
Est. value
$25.8M
COMMERCIAL (GENERAL)
Est. value
$23.1M
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2022
Heating
NONE
Lot
7.95 ac
Current owner
From public records · entity-resolved
Re Plus Meridian LLC
Entity
Free & Clear · 2 yrs held
Mailing address
345 PARK AVE, NEW YORK, NY 10154-0004
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2024
—
Re Plus Meridian LLC
—
Deed
related
$14,300,000 · 40 86 Mortgage Capital INC
Apr 15, 2024
$28,000,000
Re Plus Meridian LLC
Ch Realty Ix Drg I Chicago Aurora L
Special Warranty Deed
—
May 5, 2021
$2,250,000
Ch Realty Ix Drg I Chicago Aurora L
Cmc Materials INC
Special Warranty Deed
$12,486,000 · Pinncacle Bank
Jul 9, 2002
$1,386,000
Cabot Microelectronics Corp
Duke Realty 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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