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960 N Industrial Dr, Elmhurst, IL 60126
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Property summary
AI-generated overview
This exceptional 68,900 square foot flex property in DuPage County offers 8,660 square feet of immediately available space within a multi-tenant building. The property boasts upgraded interior finishes, including modern flooring and fresh paint throughout. Office spaces feature attractive glass sidelights, enhancing natural light and creating a professional atmosphere. The warehouse area is exceptionally clean and bright, equipped with a convenient private loading dock and a drive-in door for efficient loading and unloading. This prime location offers easy access to major transportation routes, situated just off Grand Avenue and less than 1.3 miles from I-355, ensuring seamless commutes and logistics. The property is ideal for businesses seeking high-quality, well-maintained flex space with a strong visual appeal. The building's overall condition reflects a commitment to providing a superior workspace for its tenants. This is a rare opportunity to secure space in a highly desirable and well-maintained industrial building in a strategic location. The available space presents a chance to establish a strong presence in a thriving business community. Don't miss this chance to secure your ideal workspace.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
68,988 SF
Lot
4.62 ac (201,247 SF)
Zoning code
I
APN
03-26-205-005
UPID
US28-5784704
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Factory Industrial Manufacturer
-
HVAC Service General Contractor
-
Transit Station
-
Industrial Manufacturer Production Facility
-
Medical Supply Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.56M
CAP Approach
CAP
$4.57M
Comparable Approach
Comparable
$7.66M
Blend (final)
Blend
$7.43M
Owner & transaction history
since 2022
Last sale
$7.3M
3 recorded transactions
Zoning & alternative use
I · Elmhurst, IL
Top alternative use upside
Office building
$12.4M
+56.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 11 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$7.43M
Value range
$6.68M – $8.17M
±10% around blend
Estimated value / SF
$108 / SF
Confidence
High
11 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$6.68M
blend $7.43M
$8.17M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
68,988 SF
Lot area
4.62 ac
Year built
1988
APN
03-26-205-005
Zoning
I
Assessed value
$1,827,520
Annual tax
$112,789
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.57M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.95M
@ 6.5% CAP return
$4.57M
@ 7% CAP return
$4.24M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$112,789
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$5.90M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.2 mi away · 56,932 SF
10.3 mi away · 62,600 SF
10.4 mi away · 62,600 SF
13.9 mi away · 61,400 SF
14.7 mi away · 54,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.43M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 36 sales
$115
-6%
Submarket 36 sales
$115
-6%
County 744 sales
$116
-8%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $108/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+56%
vs current-use indication
Industrial (general) · current use
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
4.00%
Selected cap rate for this industrial properties
Derived from the Elmhurst market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.00%
9.0%
NOI (est.)
$68k *
Last sale · Dec 2022
$7.27M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.71M
Move the market yield to see immediate price impact.
Value / SF
$25
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.50%4.00%4.50%
$62k
$1.76M
$1.54M
$1.37M
$68k
$1.96M
$1.71M
$1.52M
$75k
$2.15M
$1.88M
$1.67M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$6.87M
0.4 mi · Jan 2026 · $121/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$112,789
Tax year 2023
Assessed value
$1,827,520
Assessed 2023
Previous assessed
$1,589,150
+15.0% YoY
Effective rate
6.17%
On assessed value
Assessed land
$562,750
Assessed improvement
$1,264,770
Land market value
$1,688,250
Improvement market value
$3,794,310
Total market value
$5,482,560
Applied tax rate
3,062.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
68,988 SF
Lot
4.62 ac (201,247 SF)
Zoning code
I
APN
03-26-205-005
UPID
US28-5784704
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Elmhurst, ILZoning I · permitted uses
I · Elmhurst, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
4.62 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I
Jurisdiction
Elmhurst, IL
Recorded code
I
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Owner identityResolved entity and name variants
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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