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    Property profile & analytics

    2 Sysmex Way Mundelein, IL 60060-9528

    • Manufacturing properties
    • 98,100 SF
    • 19.01 lot acres
    OFF-MARKET
    Value Estimations
    $8,995,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-4789332
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 2 Sysmex Way

    Year built
    2007
    Construction
    BRICK
    Lot size
    19.01 lot acres
    Property size
    98,100 SF
    Property type
    Manufacturing properties
    APN
    10-23-310-013
    APU
    1023310013

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,040,000
      6.5%
      $6,495,000
      7%
      $6,035,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,168,000
      Market price range: $6.57M - $10.2M
      AI Estimate
      $10,326,000
      Market price range: $2.32M - $10.3M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $8,080,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $13,840,000
      Change: +71% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $13,620,000
      Change: +69% Conversion: Difficult
      RETAIL STORES
      $12,480,000
      Change: +54% Conversion: Moderate
      OFFICE BUILDING
      $11,875,000
      Change: +47% Conversion: Difficult
      WAREHOUSE, STORAGE
      $8,300,000
      Change: +3% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mundelein
    County
    Lake
    State
    Illinois
    Longitude
    -88.0413
    Latitude
    42.2746
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $501,975
    $758,010
    $4,530,826
    $5,288,836
    -
    $2,274,257
    $13,593,837
    $15,868,094

    Comparable in this City

    • Value Estimation by Request
      7,420 SF

      20844 Park Ave

      MANUFACTURING (LIGHT) • 7,420 SF
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      View Details
    • Value Estimation by Request
      51,596 SF

      1061-1069 High St

      Manufacturing properties • 51,596 SF
      1061-1069 High St, Mundelein, IL 60060
      View Details
    • Value Estimation
      $2,785,000
      44,965 SF

      28775 Il Rte 83

      MANUFACTURING (LIGHT) • 44,965 SF
      28775 Il Rte 83, Mundelein, IL 60060-9519
      View Details
    • Value Estimation
      $550,000
      22.58 Acres

      50 Il Rte 83

      INDUSTRIAL (GENERAL) • 22.58 Acres
      50 Il Rte 83, Mundelein, IL 60060-4238
      View Details
    • Value Estimation by Request
      3.62 Acres

      1170 Butterfield Rd

      INDUSTRIAL (GENERAL) • 3.62 Acres
      1170 Butterfield Rd, Mundelein, IL 60060-9441
      View Details
    • Value Estimation by Request
      0.69 Acres

      1700 Butterfield Rd

      INDUSTRIAL (GENERAL) • 0.69 Acres
      1700 Butterfield Rd, Mundelein, IL 60060-9422
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      60,025 SF

      Mundelein Industrial Property Near I-94

      Industrial property with convenient access to I-94 and Route 60.
      1040-1060 High St, Mundelein, IL 60060
      View Details
    • $40,000
      0.15 Acres

      Residential Lots in Mundelein, IL

      Eleven residential lots available near shopping, Metra, schools, and golf.
      103 S Fairlawn Ave, Mundelein, IL 60060
      View Details
    • $285,000
      2.53 Acres

      Land Parcel in Mundelein, IL

      Expansive 2.53-acre land parcel in a serene Mundelein setting.
      26668 N Middleton Pkwy, Mundelein, IL 60060
      View Details
    • New
      $230,000
      1.65 Acres

      Mundelein Land Ready to Build

      1.65 acre improved lot ready for new construction.
      19925 W Il Rte 60 Rd, Mundelein, IL 60060
      View Details
    • Contact for pricing

      Industrial Land in Established Park

      3.92-acre industrial property with utilities and completed due diligence.
      927 Tower Rd, Mundelein, IL 60060
      View Details
    • $1,500,000
      3 SF

      Land with Existing Small Building

      2.3 acres in Mundelein with a small building.
      28573 Schank Ave, Mundelein, IL 60060
      View Details

    Similar Nearby for Lease

    • $5,326 /Mo
      5,558 SF

      Mundelein Flex Space Available

      Flex space in a well-maintained brick building with I-94 access.
      1023-1061 E High St, Mundelein, IL 60060
      View Details
    • $1,895 /Mo

      Mundelein Warehouse Space Available

      Industrial warehouse space available for lease in Mundelein, Illinois.
      1023-1069 High St, Mundelein, IL 60060
      View Details
    • Contact for pricing

      High Image Industrial Facility

      Flexible industrial units with shared loading docks and ample parking.
      100 Terrace Dr, Mundelein, IL 60060
      View Details
    • $7 SF/Yr

      Mundelein Warehouse with Restorable Docks

      30,000 SF warehouse with office space and convenient location.
      1700-1710 Butterfield Rd, Mundelein, IL 60060
      View Details
    • $7 SF/Yr
      60,000 SF

      Mundelein Industrial Space For Lease

      60,000 SF industrial space with office and loading docks.
      1700-1710 Butterfield Rd, Mundelein, IL 60060
      View Details
    • $5,326 /Mo

      Renovated Warehouse Space Available

      Newly renovated warehouse space available for lease.
      300-324 Washington Blvd, Mundelein, IL 60060
      View Details
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    2 Sysmex Way
    Mundelein, IL 60060-9528
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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