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Property profile & analytics
OFF-MARKET
Estimated value
$4,515,000
Warehouses
1210 Karl Ct, Wauconda, IL 60084-1081
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-0041761
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
BRICK
Total area
49,764 SF
Lot
2.85 ac (124,277 SF)
APN
09-23-201-091
UPID
US28-0041761
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
$4.77M
CAP Approach
CAP
$4.00M
Comparable Approach
Comparable
$3.17M
Blend (final)
Blend
$4.52M
Owner & transaction history
Ranger Il LLC · 4 yrs held
Ranger Il LLC
since 2021
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.0M
+66.8%
Commercial (general)
$6.9M
+64.1%
Retail stores
$6.3M
+50.4%
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 Wauconda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wauconda 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
$5,010,000
ML approach
$4,770,000
CAP Approach
CAP Return
Estimation
6%
$4,335,000
6.5%
$4,000,000
7%
$3,715,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,210,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,020,000
Change: +67% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,910,000
Change: +64% · Conversion: Difficult
RETAIL STORES
$6,330,000
Change: +50% · Conversion: Moderate
OFFICE BUILDING
$6,025,000
Change: +43% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,995,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$4.52M
Range $4.06M – $4.97M · ±10% · vs last sale $4.40M (Dec 9 2021)
Last sale anchor
$4.40M
Dec 9 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
$91 / 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
$68,812
Tax year 2023
Assessed value
$675,913
Assessed 2023
Previous assessed
$630,634
+7.2% YoY
Effective rate
10.18%
On assessed value
Assessed land
$241,413
Assessed improvement
$434,500
Land market value
$724,311
Improvement market value
$1,303,630
Total market value
$2,027,941
Applied tax rate
13,041.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
BRICK
Heating
NONE
Total area
49,764 SF
Lot
2.85 ac (124,277 SF)
APN
09-23-201-091
UPID
US28-0041761
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
WAREHOUSE, STORAGE Current
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.0M
COMMERCIAL (GENERAL)
Est. value
$6.9M
RETAIL STORES
Est. value
$6.3M
OFFICE BUILDING
Est. value
$6.0M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1998
Construction
BRICK
Heating
NONE
Lot
2.85 ac
Current owner
From public records · entity-resolved
Ranger Il LLC
Entity
Mailing address
575 5TH AVE FL #38, NEW YORK, NY 10017-2427
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2021
$4,400,000
Ranger Il LLC
Vk 1210 Karl LLC
Special Warranty Deed
$67,800,000 · Pgim Vip Mortgage Account LP
Dec 17, 2020
—
Vk 1001 Lombard LLC
—
Deed
related
$8,859,375 · First Midwest Bank
Jun 24, 2019
$2,200,000
Vk 1210 Karl LLC
1200 Karl Ct Properties LLC
Warranty Deed
$25,000,000 · Fifth Third Bank
Oct 3, 2011
—
1200 Karl Ct Properties LLC
Einarsen,john & Maureen
Quit Claim Deed
related
$2,463,858 · First Midwest Bank
Feb 1, 2007
$2,760,766
John Einarsen
Golf Grove
Warranty Deed
$2,400,000 · First Midwest Bank
Dec 24, 2003
—
Golf Grove LP
—
Deed Of Trust
related
$2,990,000 · Old Second National Bank
Oct 29, 1997
—
Highgrove LP
American Nat'l Bk & Tr Co Ttee
Deed Of Trust
related
$800,000 · First National Bank Chicago
—
—
1200 Karl Ct Properties LLC
—
Deed Of Trust
related
$356,869 · Matthew Menges
—
—
Golf Grove LP
—
Deed Of Trust
related
$825,000 · First National Bank Chicago
—
—
Golf Grove Limited Partnership
—
Deed Of Trust
related
$800,000 · First National Bank Chicago
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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