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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Office buildings
1411 White Oak Dr, Waukegan, IL 60085-8302
Individually Owned
2-yr Hold
Free & Clear
Property ID
US28-0341915
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
BRICK
Total area
9,442 SF
Lot
1.16 ac (50,530 SF)
APN
07-36-205-010
UPID
US28-0341915
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
Current use
Occupant on record · Public records
-
Margaret Romano Early Childhood Academy High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Lawndale Educational & Regional Net · 2 yrs held
Lawndale Educational & Regional Net
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+180.5%
Restaurant
$1.6M
+167.4%
Apartment house (5+ units)
$1.1M
+79.6%
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 Waukegan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waukegan 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
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,650,000
Change: +180% · Conversion: Difficult
RESTAURANT
$1,575,000
Change: +167% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,055,000
Change: +80% · Conversion: Easy
RETAIL STORES
$995,000
Change: +69% · Conversion: Moderate
WAREHOUSE, STORAGE
$965,000
Change: +64% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$730,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Jan 11 2024)
Last sale anchor
$1.20M
Jan 11 2024
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
$127 / 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
$21,791
Tax year 2023
Assessed value
$181,852
Assessed 2023
Previous assessed
$176,556
+3.0% YoY
Effective rate
11.98%
On assessed value
Assessed land
$89,766
Assessed improvement
$92,086
Land market value
$269,325
Improvement market value
$276,286
Total market value
$545,611
Applied tax rate
8,022.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Construction
BRICK
Heating
NONE
Total area
9,442 SF
Lot
1.16 ac (50,530 SF)
APN
07-36-205-010
UPID
US28-0341915
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
Est. value
$1.7M
RESTAURANT
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RETAIL STORES
Est. value
$995,000
WAREHOUSE, STORAGE
Est. value
$965,000
INDUSTRIAL (GENERAL)
Est. value
$730,000
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
WAREHOUSE, STORAGE
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
1990
Construction
BRICK
Heating
NONE
Lot
1.16 ac
Current owner
From public records · entity-resolved
Lawndale Educational & Regional Net
Individual
Free & Clear · 2 yrs held
Mailing address
3021 W CARROLL AVE, CHICAGO, IL 60612-1721
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2024
$1,200,000
Lawndale Educational & Regional Net
Alices Discovery Center INC
Warranty Deed
—
Jun 23, 2022
$250,000
Alices Discovery Center INC
Pr Amhurst Lake LLC
Special Warranty Deed
$360,000 · Marc Miller
Oct 12, 2011
—
Pr Amhurst Lake LLC
Prudential Ins Of America
Warranty Deed
—
Jul 6, 2001
$89,418,000
Prudential Insurance Co
Amli Commercial Properties LP
Grant Deed
—
Aug 12, 1998
—
Amli Commercial Properties LP
Amli Commercial Properties Tru
Quit Claim Deed
related
—
Aug 12, 1998
$38,665,000
Amli Commericial Properties
Amli Land Development I LP
Grant Deed
related
—
—
—
Amli Commercial Properties LP
—
Deed Of Trust
related
$50,000 · Bank One Illinois NA
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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