The optimization of control sequences in air handling units (AHUs) presents a significant opportunity for energy savings within HVAC systems. However, many building owners and operators require quantifiable estimates of potential energy savings before committing to retrofitting control systems. Valid estimates of energy savings require system models that consider capacity and limitations of the AHU, but in existing systems, scarce information hinders such modeling efforts. This lack of information complicates AHU modeling and the assessment of alternative control strategies. This paper demonstrates an approach that leverages time-series data from a newly constructed Danish AHU, equipped with multiple sensors for temperature, flow, and pressure, to construct a grey-box model of the unit, including component properties. The estimated parameters for the components are validated against data sheet information, and shows that the estimation procedure is accurate for parameter estimation. To analyze the energy-efficiency of the cooling coil, the model is used to estimate the latent cooling in the cooling coil, as Danish conditions rarely require dehumidification of supply air.