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Property profile & analytics
OFF-MARKET
Industrial properties
121 Schelter Rd, Lincolnshire, IL 60069-3603
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US28-0338866
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
1.14 ac (49,658 SF)
APN
15-22-101-012
UPID
US28-0338866
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
by Request
Owner & transaction history
Tz Properties LLC · 11 yrs held
Tz Properties LLC
since 2014
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 Lincolnshire submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincolnshire 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$17,645
Tax year 2023
Assessed value
$220,022
Assessed 2023
Previous assessed
$194,454
+13.1% YoY
Effective rate
8.02%
On assessed value
Assessed land
$94,936
Assessed improvement
$125,086
Land market value
$284,836
Improvement market value
$375,296
Total market value
$660,132
Applied tax rate
16,023.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
1.14 ac (49,658 SF)
APN
15-22-101-012
UPID
US28-0338866
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
Building & site characteristics
From public records
Heating
NONE
Lot
1.14 ac
Current owner
From public records · entity-resolved
Tz Properties LLC
Entity
Mailing address
121 SCHELTER RD, LINCOLNSHIRE, IL 60069-3603
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2023
—
Tz Properties LLC
—
Deed
related
$1,400,000 · Martin R Cobb Trust
Nov 19, 2019
—
Tz Properties LLC
—
Deed
related
$110,000 · Cobb Martin R Trust (pt)
May 16, 2016
—
Tz Properties LLC
—
Deed
related
$175,000 · Cobb Martin R Trust (pt)
Oct 1, 2014
$575,000
Tz Properties LLC
Lakeland Partners LLP
Grant Deed
$650,000 · Cobb Martin R Trust (pt)
Sep 19, 2003
—
Lakeland Partners LLP
Sheet Metal Supply Ltd
Quit Claim Deed
related
—
May 20, 2002
$696,500
Sheet Metal Supply Ltd
Chicago Title Land Trt Co Ttee
Grant Deed
$557,000 · Libertyville Bank & Trust Co
—
—
Tz Properties LLC
—
Deed Of Trust
related
$110,000 · Cobb Martin R Trust (pt)
—
—
Tz Properties LLC
—
Deed Of Trust
related
$175,000 · Cobb Martin R Trust (pt)
—
—
Lakeland Partners LLP
—
Deed Of Trust
related
—
—
—
Lakeland Partners LLP
—
Deed Of Trust
related
—
—
—
Lakeland Partners LLP
—
Loan Modification
related
$433,907 · Libertyville Bank & Trust Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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