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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Gas stations
2 Waukegan Rd, Lake Bluff, IL 60044-1668
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-0780057
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Year built
1990
Construction
BRICK
Total area
1,024 SF
Lot
0.13 ac (5,715 SF)
APN
12-19-116-012
UPID
US28-0780057
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
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Facel Properties LLC · 1 yrs held
Facel Properties LLC
since 2024
Last sale
$1.2M
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 Lake Bluff submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Bluff 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
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Nov 21 2024)
Last sale anchor
$1.20M
Nov 21 2024
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
$1,172 / 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
$8,065
Tax year 2023
Assessed value
$141,003
Assessed 2023
Previous assessed
$141,003
+0.0% YoY
Effective rate
5.72%
On assessed value
Assessed land
$52,334
Assessed improvement
$88,669
Land market value
$157,018
Improvement market value
$266,034
Total market value
$423,052
Applied tax rate
10,029.0000
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
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Status
Off-Market
Year built
1990
Construction
BRICK
Heating
NONE
Total area
1,024 SF
Lot
0.13 ac (5,715 SF)
APN
12-19-116-012
UPID
US28-0780057
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
Year built
1990
Construction
BRICK
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
Facel Properties LLC
Entity
Mailing address
1305 N CHAPMAN DR, DARIEN, IL 60561-5388
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2024
$1,200,000
Facel Properties LLC
Lake Bluff Property INC
Deed
$945,000 · Belmont Bank & Trust Company
May 8, 2024
$1,078,500
Lake Bluff Property INC
Caseys Retail Company
Special Warranty Deed
$831,300 · Fifth Third Bank NA
Aug 29, 2022
—
Caseys Retail Company
Buchanan Energy N LLC
Quit Claim Deed
related
—
Jul 30, 2019
—
Buchanan Energy N LLC
—
Deed
related
$116,000,000 · Citizens Bk NA
Apr 12, 2018
$1,036,667
Buchanan Energy N LLC
Lake Bluff Holdings LLC
Warranty Deed
—
Apr 12, 2018
—
Buchanan Energy N LLC
—
Loan Modification
related
$141,532,500 · Citizens Bk NA
Aug 19, 2014
—
Buchanan Energy N LLC
—
Grant Deed
related
$104,850,000 · Citizens Bk
May 29, 2012
—
Lake Bluff Holdings LLC
—
Trustees Deed
related
$2,200,000 · Glenview State Bank
Apr 16, 2009
$850,000
Lake Bluff Holdings LLC
Smith Milton E Trust
Grant Deed
$850,000 · Cen Trust Bank NA
—
—
Buchanan Energy LLC
—
Loan Modification
related
$4,700,000 · Bmo Harris Bk NA
—
—
Lake Bluff Holdings LLC
—
Deed Of Trust
related
$785,000 · Glenview State Bank
—
—
Lake Bluff Holdings LLC
—
Loan Modification
related
$2,962,376 · Glenview State Bank
—
—
Lake Bluff Holdings LLC
—
Loan Modification
related
$682,430 · Glenview State Bank
—
—
Lake Bluff Holdings LLC
—
Deed Of Trust
related
$3,025,000 · Glenview State Bank
—
—
Lake Bluff Holdings LLC
—
Deed Of Trust
related
$825,000 · Glenview State 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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