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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Warehouses
1256 Old Skokie Rd, Highland Park, IL 60035-3028
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US28-5245790
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1961
Construction
BRICK
Total area
6,970 SF
Lot
0.23 ac (10,093 SF)
APN
16-27-205-011
UPID
US28-5245790
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
$400k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$719k
Blend (final)
Blend
$520k
Owner & transaction history
R Way Investments II INC · 14 yrs held
R Way Investments II INC
since 2011
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$845,000
+43.1%
Apartment house (5+ units)
$780,000
+32.3%
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 Highland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland Park 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
$400,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$590,000
Current use
OFFICE BUILDING
$845,000
Change: +43% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$780,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$540,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$75 / 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
$18,883
Tax year 2023
Assessed value
$237,711
Assessed 2023
Previous assessed
$206,478
+15.1% YoY
Effective rate
7.94%
On assessed value
Assessed land
$97,984
Assessed improvement
$139,727
Land market value
$293,981
Improvement market value
$419,223
Total market value
$713,204
Applied tax rate
18,077.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1961
Construction
BRICK
Heating
NONE
Total area
6,970 SF
Lot
0.23 ac (10,093 SF)
APN
16-27-205-011
UPID
US28-5245790
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
$590,000
OFFICE BUILDING
Est. value
$845,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$780,000
INDUSTRIAL (GENERAL)
Est. value
$540,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1961
Construction
BRICK
Heating
NONE
Lot
0.23 ac
Current owner
From public records · entity-resolved
R Way Investments II INC
Entity
Mailing address
1256 OLD SKOKIE RD, HIGHLAND PARK, IL 60035-3028
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
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
Sep 23, 2025
—
R Way Investments II INC
—
Deed
related
$11,480,000 · Celtic Bank Corporation
Nov 4, 2011
$575,000
R Way Investments II INC
Favelli,patricia M
Warranty Deed
$287,500 · Lake Forest Bank & Trust Co
Aug 18, 2006
—
Patricia Favelli
Favelli Steven L
Quit Claim Deed
related
—
—
—
Steven L Favelli
—
Deed Of Trust
related
$50,000 · First Bank Highland Park
—
—
Steven L Favelli
—
Deed Of Trust
related
$508,000 · First Bank Highland Park
—
—
Steven S Favelli
—
Deed Of Trust
related
$50,000 · First Bank Highland Park
—
—
Steven L Favelli
—
Deed Of Trust
related
$100,000 · First Bank Highland Park
—
—
Steven Favell
—
Deed Of Trust
related
$240,000 · First Bank Highland Park
—
—
Steven Favelll
—
Deed Of Trust
related
$180,000 · First Bank Highland Park
—
—
Steven Favelli
—
Deed Of Trust
related
$50,000 · First State Bank Highland Park
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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