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Property profile & analytics
FOR LEASE
Industrial properties
1627 Oak Dr, McHenry, IL 60050
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-2358186
For Lease
1 / 3
$10 SF/Yr
1627 Oak Dr, McHenry, IL 60050
View Listing →
Property summary
AI-generated overview
This single-story, 10,800-square-foot flex space in McHenry, IL, presents a compelling opportunity for businesses seeking a strategically located industrial property. Situated on a 0.8-acre lot at 1627 Oak Drive, this 1999-built facility boasts one drive-in door for convenient loading and unloading. The building features 2,720 square feet of functional space, including 400 square feet of well-appointed office space. With a 21-foot clear height, the space offers ample vertical storage capacity. The property also provides 200 AMPS of power, accommodating a variety of electrical needs. Its location in McHenry County offers excellent visibility and accessibility to major transportation routes. This property is ideal for a range of industrial and commercial uses, combining practical features with a prime location to support business growth. The property is located in McHenry, IL, zip code 60050.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2000
Total area
10,800 SF
Lot
0.74 ac (32,307 SF)
APN
09-27-281-007
UPID
US28-2358186
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
$475k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$667k
Blend (final)
Blend
$745k
Owner & transaction history
Marquardt Drive LLC · 2 yrs held
Marquardt Drive LLC
since 2024
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$890,000
+5.3%
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 McHenry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs McHenry 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
$475,000
CAP Approach
CAP Return
Estimation
6%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$845,000
Current use
COMMERCIAL (GENERAL)
$890,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$69 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$26,523
Tax year 2022
Assessed value
$266,372
Assessed 2022
Previous assessed
$266,372
+0.0% YoY
Effective rate
9.96%
On assessed value
Assessed land
$38,721
Assessed improvement
$227,651
Land market value
$116,163
Improvement market value
$682,953
Total market value
$799,116
Applied tax rate
9,002.0000
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
For Lease
Year built
2000
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
10,800 SF
Lot
0.74 ac (32,307 SF)
APN
09-27-281-007
UPID
US28-2358186
Jurisdiction
MCHENRY
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL 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
INDUSTRIAL (GENERAL) Current
Est. value
$845,000
COMMERCIAL (GENERAL)
Est. value
$890,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (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
2000
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Marquardt Drive LLC
Entity
Mailing address
10275 W HIGGINS RD #48, ROSEMONT, IL 60018-5625
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2024
—
Marquardt Drive LLC
Chicago Title Land Trust Company
Deed
—
Aug 18, 1998
$68,000
American Natl Bk&trt Chgo Ttee
Mchenry Land & Development
Grant Deed
related
—
—
—
Trust 477-124363-09
—
Deed Of Trust
related
$231,604 · Lynn A Marconi
—
—
American Nat'l Bk & Tr Co Ttee
—
Deed Of Trust
related
$424,000 · First Northwest Bank
—
—
American Natl Bk&trt Chgo Ttee
—
Deed Of Trust
related
$40,000 · First Northwest Bank
—
—
American Nat'l Bk&tr Chgo Ttee
—
Deed Of Trust
related
$245,000 · First Northwest Bank
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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