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Property profile & analytics
OFF-MARKET
Estimated value
$1,995,000
Industrial properties
11475 Commercial St, Richmond, IL 60071-9109
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US28-1867131
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1991
Total area
45,188 SF
Lot
3.51 ac (152,896 SF)
APN
04-04-326-001
UPID
US28-1867131
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
Innovative Plaza North LLC · 8 yrs held
Innovative Plaza North LLC
since 2017
7 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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,315,000
Current use
Blend value · Realmo final
$2.00M
Range $1.80M – $2.19M · ±10%
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
$44 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$50,860
Tax year 2022
Assessed value
$528,737
Assessed 2022
Previous assessed
$528,737
+0.0% YoY
Effective rate
9.62%
On assessed value
Assessed land
$59,114
Assessed improvement
$469,623
Land market value
$177,342
Improvement market value
$1,408,869
Total market value
$1,586,211
Applied tax rate
4,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1991
Heating
NONE
Total area
45,188 SF
Lot
3.51 ac (152,896 SF)
APN
04-04-326-001
UPID
US28-1867131
Jurisdiction
MCHENRY
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.3M
INDUSTRIAL (GENERAL) 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
1991
Heating
NONE
Lot
3.51 ac
Current owner
From public records · entity-resolved
Innovative Plaza North LLC
Entity
Mailing address
4410 IL RTE 176TH 6TH STE #6, CRYSTAL LAKE, IL 60014-3710
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2025
—
Plaza North LLC
—
Deed
related
$1,181,733 · Crystal Lake Bank & Trust Company NA
Dec 28, 2017
$350,000
Innovative Plaza North LLC
The American Community Bank And Tru
Warranty Deed
—
Jun 2, 2014
—
American Cmnty Bk & Trust
Richmond Industrial Proppertie
Warranty Deed
—
Mar 24, 2011
$3,500,000
Richmond Industrial Properties LLC
The Lemoyne Associates Family Limit
Warranty Deed
$3,150,000 · American Community Bank & Trust
Aug 16, 2007
—
Lemoyne Associates Family
Richmond Land Holdings LLC
Quit Claim Deed
related
—
Sep 9, 2005
$3,553,000
Richmond Land Holdings LLC
Wayne Hummer Trust Co NA
Deed
$2,664,750 · American Community Bank & Trust
Dec 22, 2004
—
Trust Lft 1734
—
Trustees Deed
related
$600,000 · Lake Forest Bank & Trust Co
Jan 13, 2003
—
Wayne,hummer C Tr
Lasalle Bank NA Trustee
Grant Deed
related
—
Dec 3, 1998
—
Lasalle Bank Ttee
Firstar Bank Illinois Ttee
Grant Deed
related
—
Nov 25, 1998
—
Lasalle Bank Trustee
Bank One Trust Co NA Trustee
Quit Claim Deed
related
$791,000 · Lasalle Bank Fsb
—
—
Lasalle National Bank Trustee
—
Deed Of Trust
related
$1,124,000 · Lake Forest Bank & Trust Co
—
—
Lemoyne Associates Family LP
—
Deed Of Trust
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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