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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Manufacturing properties
1725 Wood St, Round Lake Beach, IL 60073-3903
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-5354523
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1978
Construction
BRICK
Total area
22,265 SF
Lot
1 ac (43,560 SF)
APN
06-15-100-017
UPID
US28-5354523
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
$1.50M
CAP Approach
CAP
$1.48M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.42M
Owner & transaction history
Round Lake Tug Boat LLC · 6 yrs held
Round Lake Tug Boat LLC
since 2020
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+31.6%
Warehouse, storage
$1.9M
+7.2%
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
$1,350,000
ML approach
$1,495,000
CAP Approach
CAP Return
Estimation
6%
$1,595,000
6.5%
$1,475,000
7%
$1,370,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,760,000
Current use
COMMERCIAL (GENERAL)
$2,315,000
Change: +32% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,885,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±10% · vs last sale $1.03M (Jan 29 2020)
Last sale anchor
$1.03M
Jan 29 2020
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
$64 / 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
$29,268
Tax year 2023
Assessed value
$239,103
Assessed 2023
Previous assessed
$236,031
+1.3% YoY
Effective rate
12.24%
On assessed value
Assessed land
$91,668
Assessed improvement
$147,435
Land market value
$275,032
Improvement market value
$442,349
Total market value
$717,381
Applied tax rate
7,055.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1978
Construction
BRICK
Heating
NONE
Total area
22,265 SF
Lot
1 ac (43,560 SF)
APN
06-15-100-017
UPID
US28-5354523
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1978
Construction
BRICK
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Round Lake Tug Boat LLC
Entity
Mailing address
7435 KORBEL DR, GURNEE, IL 60031-5130
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2020
$1,030,000
Round Lake Tug Boat LLC
1725 Wood Street LLC
Warranty Deed
$700,000 · Us Bank NA
Dec 28, 2017
$689,000
1725 Wood Street LLC
Atl Properties LLC
Warranty Deed
$516,750 · Midland States Bank
Feb 6, 2008
$1,100,000
Atl Properties LLC
1725 Wood Street LLC
Warranty Deed
$830,000 · Harris NA
Dec 28, 2005
—
1725 Wood Street LLC
—
Grant Deed
related
$2,458,500 · State Bank Of The Lakes
Feb 28, 2005
—
1725 Wood Street LLC
—
Trustees Deed
related
$2,235,000 · State Bank Of The Lakes
Dec 4, 2002
—
1725 Wood Street LLC
Crichton,thomas L
Quit Claim Deed
related
—
—
—
Atl Properties LLC
—
Deed Of Trust
related
$855,932 · Harris NA
—
—
1725 Wood Street LLC
—
Deed Of Trust
related
$2,700,000 · State Bank Of The Lakes
—
—
Atl Properties LLC
—
Deed Of Trust
related
$742,311 · Fifth Third Bank
—
—
1725 Wood Street LLC
—
Deed Of Trust
related
$550,000 · State Bank Of The Lakes
—
—
Thomas L Crichton
—
Deed Of Trust
related
$30,000 · State Bank Of The Lakes
—
—
1725 Wood Street LLC
—
Deed Of Trust
related
$385,666 · First State Bank Round Lake
—
—
1725 Wood Street LLC
—
Deed Of Trust
related
$2,146,600 · State Bank Of The Lakes
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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