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Property profile & analytics
OFF-MARKET
Estimated value
$8,280,000
Automotive properties
1000 Belvidere Rd, Grayslake, IL 60030-2074
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-1327175
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1995
Construction
BRICK
Total area
52,303 SF
Lot
1.05 ac (45,651 SF)
APN
06-36-102-014
UPID
US28-1327175
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.28M
Owner & transaction history
Ska Motors Real Estate LLC · 4 yrs held
Ska Motors Real Estate LLC
since 2021
Last sale
$7.7M
6 recorded transactions
Zoning & alternative use
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 Grayslake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grayslake 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
$8,785,000
ML approach
$8,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$9,140,000
Current use
Blend value · Realmo final
$8.28M
Range $7.45M – $9.11M · ±10% · vs last sale $7.71M (Nov 5 2021)
Last sale anchor
$7.71M
Nov 5 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
$158 / 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
$61,389
Tax year 2023
Assessed value
$575,722
Assessed 2023
Previous assessed
$545,464
+5.5% YoY
Effective rate
10.66%
On assessed value
Assessed land
$102,862
Assessed improvement
$472,860
Land market value
$308,617
Improvement market value
$1,418,722
Total market value
$1,727,339
Applied tax rate
7,060.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1995
Construction
BRICK
Heating
NONE
Total area
52,303 SF
Lot
1.05 ac (45,651 SF)
APN
06-36-102-014
UPID
US28-1327175
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI 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
AUTO REPAIR, GARAGE Current
Est. value
$9.1M
AUTO REPAIR, GARAGE Current
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
1995
Construction
BRICK
Heating
NONE
Lot
1.05 ac
Current owner
From public records · entity-resolved
Ska Motors Real Estate LLC
Entity
Mailing address
1000 E BELVIDERE RD, GRAYSLAKE, IL 60030-2074
Mailing matches property
Yes
Owner-occupied
Yes
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 5, 2021
$7,712,500
Ska Motors Real Estate LLC
Flag Properties Grayslake LLC
Special Warranty Deed
$5,785,000 · Amalgamated Bank Of Chicago
Oct 4, 2019
—
Flag Properties Grayslake LLC
—
Grant Deed
related
$1,225,000 · Bank Of Pontiac
Aug 6, 2019
—
Flag Properties Grayslake LLC
—
Loan Modification
related
$6,300,000 · Bank Of Pontiac
Mar 13, 2018
$7,712,500
Flag Properties Grayslake LLC
Belvidere Road Properties LLC
Trustees Deed
$6,300,000 · Bank Of Pontiac
Apr 10, 2013
—
Belvidere Road Properties LLC
Rockenbach Realty LLC
Grant Deed
$3,623,662 · Rockenbach Realty LLC
—
—
Rockenbach Realty LLC
—
Loan Modification, Consolidation And Extension
related
—
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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