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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Retail space
172 Rollins Rd, Round Lake Beach, IL 60073-1324
Entity Owned
9-yr Hold
Free & Clear
Property ID
US28-5713416
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
BRICK
Total area
9,030 SF
Lot
2.16 ac (94,177 SF)
APN
06-17-200-056
UPID
US28-5713416
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
$1.42M
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$1.32M
Owner & transaction history
Rollins Rd Prop LLC · 9 yrs held
Rollins Rd Prop LLC
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+53.8%
Office building
$1.2M
+15.0%
Apartment house (5+ units)
$1.1M
+3.3%
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 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%
$1,540,000
6.5%
$1,420,000
7%
$1,320,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,025,000
Current use
AUTO REPAIR, GARAGE
$1,580,000
Change: +54% · Conversion: Difficult
OFFICE BUILDING
$1,180,000
Change: +15% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,060,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$940,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±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
$146 / 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
$54,644
Tax year 2023
Assessed value
$576,910
Assessed 2023
Previous assessed
$549,870
+4.9% YoY
Effective rate
9.47%
On assessed value
Assessed land
$194,891
Assessed improvement
$382,019
Land market value
$584,731
Improvement market value
$1,146,172
Total market value
$1,730,903
Applied tax rate
7,006.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Construction
BRICK
Heating
NONE
Buildings
2
Total area
9,030 SF
Lot
2.16 ac (94,177 SF)
APN
06-17-200-056
UPID
US28-5713416
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
RETAIL STORES Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$940,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2004
Construction
BRICK
Heating
NONE
Buildings
2
Lot
2.16 ac
Current owner
From public records · entity-resolved
Rollins Rd Prop LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1400 OPUS PL STE #100, DOWNERS GROVE, IL 60515-5761
Ownership since
2017
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
Nov 8, 2019
—
Rollins Rd Prop LLC
—
Deed
related
$750,000 · Lake Forest Bk&tr
Mar 30, 2017
$2,250,000
Rollins Rd Prop LLC
Quality R/e II LLC-rollins Rd
Grant Deed
—
Jan 8, 2016
—
Quality R & E II LLC-rollins Rd
Sheriff Of Lake County|cedar-rollins LLC
Trustees Deed
related
—
Sep 2, 2003
$700,000
Cedar Rollins LLC
Cole,taylorbank Tr
Grant Deed
$420,000 · Lasalle National Bank
—
—
Rollins Rd Prop LLC
—
Deed Of Trust
related
$750,000 · Lake Forest Bk&tr
—
—
Cedar-rollins LLC
—
Deed Of Trust
related
$2,200,000 · Lasalle National 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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