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Property profile & analytics
OFF-MARKET
Estimated value
$25,675,000
Industrial properties
1901 Waukegan Rd, Waukegan, IL 60085-6709
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-5663020
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
12.33 ac (537,095 SF)
APN
11-01-201-075
UPID
US28-5663020
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
by Request
Blend (final)
Blend
$25.68M
Owner & transaction history
Vk 1909 Waukegan LLC · 3 yrs held
Vk 1909 Waukegan LLC
since 2023
Last sale
$25.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$25,420,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$25.68M
Range $23.11M – $28.24M · ±10% · vs last sale $25.81M (May 23 2023)
Last sale anchor
$25.81M
May 23 2023
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
—
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
$412,063
Tax year 2023
Assessed value
$4,158,074
Assessed 2023
Previous assessed
$3,996,611
+4.0% YoY
Effective rate
9.91%
On assessed value
Assessed land
$1,174,343
Assessed improvement
$2,983,731
Land market value
$3,523,381
Improvement market value
$8,952,088
Total market value
$12,475,469
Applied tax rate
11,074.0000
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
Off-Market
Heating
NONE
Lot
12.33 ac (537,095 SF)
APN
11-01-201-075
UPID
US28-5663020
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
Building & site characteristics
From public records
Heating
NONE
Lot
12.33 ac
Current owner
From public records · entity-resolved
Vk 1909 Waukegan LLC
Entity
Mailing address
9500 BRYN MAWR AVE STE #340, ROSEMONT, IL 60018-5259
Ownership since
2023
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
May 23, 2023
$25,805,000
Vk 1909 Waukegan LLC
Marquette Enterprises LLC
Special Warranty Deed
$25,340,000 · Nationwide Life And Annuity Insuran
Aug 9, 2017
—
Marquette Ents LLC
—
Grant Deed
related
$39,910,000 · Mb Fin'l Bk
Apr 10, 2008
—
Marquette Ents LLC
—
Deed Of Trust
related
$11,605,000 · First Bank
Sep 1, 2005
—
Marquette Ents LLC
—
Deed Of Trust
related
$12,216,000 · Bank Of Waukegan
Jun 8, 2005
$1,011,000
Marquette Ents LLC
Trust 204446
Grant Deed
—
—
—
Marquette Ents LLC
—
Deed Of Trust
related
$23,000,000 · American National Insurance Co
—
—
Trust 204446
—
Deed Of Trust
related
$2,620,000 · Bank Of Waukegan
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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