Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Office buildings
1512 Il Rte 83 Round Lake Beach, IL 60073-5112
Trust Owned
7-yr Hold
Free & Clear
Property ID
US28-5666004
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
BRICK
Total area
8,928 SF
Lot
1.3 ac (56,628 SF)
APN
06-15-300-034
UPID
US28-5666004
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
$1.49M
Blend (final)
Blend
$1.33M
Owner & transaction history
Vargas Ch Family Trust · 7 yrs held
Vargas Ch Family Trust
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+33.8%
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 Round Lake Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Round Lake Beach 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
OFFICE BUILDING
$1,165,000
Current use
AUTO REPAIR, GARAGE
$1,560,000
Change: +34% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,050,000
Change: -10% · Conversion: Easy
RETAIL STORES
$1,015,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±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
$148 / 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
$40,920
Tax year 2023
Assessed value
$353,302
Assessed 2023
Previous assessed
$332,187
+6.4% YoY
Effective rate
11.58%
On assessed value
Assessed land
$104,290
Assessed improvement
$249,012
Land market value
$312,901
Improvement market value
$747,111
Total market value
$1,060,012
Applied tax rate
7,063.0000
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
2000
Construction
BRICK
Heating
NONE
Total area
8,928 SF
Lot
1.3 ac (56,628 SF)
APN
06-15-300-034
UPID
US28-5666004
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
OFFICE BUILDING Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
2000
Construction
BRICK
Heating
NONE
Lot
1.3 ac
Current owner
From public records · entity-resolved
Vargas Ch Family Trust
Trust
Free & Clear · 7 yrs held
Mailing address
30 7TH ST E STE #1300, SAINT PAUL, MN 55101-4939
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2018
—
Vargas Ch Family Trust
Hajicek,carol R
Quit Claim Deed
related
—
Dec 12, 2017
—
Ann L Freundschuh LLC
Freundschuh Ann L Trust
Quit Claim Deed
related
—
May 12, 2016
—
Venis-berg Family Trust
Venis,linda
Quit Claim Deed
related
—
Sep 26, 2014
—
Phillips,victoria M Trust
Phillips Trust
Quit Claim Deed
related
—
Nov 18, 2013
—
Freundshuh,marcus A Trust
Freundschuh,marcus A
Quit Claim Deed
related
—
Jun 23, 2011
—
Peggy J Govednik
Hajicek Robert F Trust
Grant Deed
related
—
May 5, 2011
—
Timothy L Govednik
Hajicek L E Family Trust
Grant Deed
related
—
Dec 10, 2010
—
Linda D Venis
Miller Living Trust
Grant Deed
related
—
May 30, 2006
—
Hajicek Robert F Family Trust
Hajicek R F Family Trust
Quit Claim Deed
related
—
Feb 3, 2006
—
Hajicek Robert F Family Trust
Hajicek,robert F & Lillian E
Quit Claim Deed
related
—
Jan 6, 2004
$500,000
Robert F Hajicek
Aei Income & Growth Fund 24
Grant Deed
—
Dec 31, 2003
$500,000
Ann L Freundschuh
Aei Income & Growth Fund 24 Ll
Grant Deed
—
Nov 26, 2003
$102,500
Gummersheimer,tr
Aei Income & Growth Fund 24
Grant Deed
—
Nov 26, 2003
$250,000
Trubschenck,tr
Aei Income & Growth Fund 24
Grant Deed
—
Oct 28, 2003
$200,000
Phillips,tr
Aei Income & Growth Fund 24
Grant Deed
—
Oct 13, 2003
$275,000
Thomas,tr
Aei Income & Growth Fund 24
Grant Deed
—
Nov 26, 2001
$1,742,500
Aei Income Growth Fund 24 LLC
A E I Fund Management Xvii INC
Quit Claim Deed
related
—
Apr 3, 2001
$1,753,000
Aei Income
Aramark Educational Resources
Grant Deed
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1512 Il Rte 83?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
