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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Industrial properties
2105 Northwestern Ave, Waukegan, IL 60087-4144
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-1694919
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Construction
BRICK
Total area
16,376 SF
Lot
1.11 ac (48,352 SF)
APN
07-12-401-026
UPID
US28-1694919
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
$940k
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$780k
Blend (final)
Blend
$910k
Owner & transaction history
101 Center Street Partnership · 5 yrs held
101 Center Street Partnership
since 2021
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.5M
+15.0%
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
$970,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
$1,175,000
6.5%
$1,085,000
7%
$1,005,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,265,000
Current use
WAREHOUSE, STORAGE
$1,455,000
Change: +15% · Conversion: Easy
OFFICE BUILDING
$1,015,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $850k (Apr 21 2021)
Last sale anchor
$850k
Apr 21 2021
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
$56 / 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
$35,290
Tax year 2023
Assessed value
$291,154
Assessed 2023
Previous assessed
$282,674
+3.0% YoY
Effective rate
12.12%
On assessed value
Assessed land
$41,033
Assessed improvement
$250,121
Land market value
$123,111
Improvement market value
$750,438
Total market value
$873,549
Applied tax rate
8,024.0000
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
Year built
1989
Construction
BRICK
Heating
NONE
Total area
16,376 SF
Lot
1.11 ac (48,352 SF)
APN
07-12-401-026
UPID
US28-1694919
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
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.0M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1989
Construction
BRICK
Heating
NONE
Lot
1.11 ac
Current owner
From public records · entity-resolved
101 Center Street Partnership
Entity
Mailing address
135 N GREENLEAF ST STE #109, GURNEE, IL 60031-3334
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2021
$850,000
101 Center Street Partnership
Chicago Title Land Trust Company
Deed
$637,500 · Northside Community Bank
Apr 20, 2018
—
Trust Number 895
—
Deed
related
$1,150,000 · Mb Fin'l Bk
Apr 20, 2017
—
Trust 895
—
Deed
related
$1,000,000 · Mb Fin'l Bk
Sep 12, 2008
—
Trust 0895
—
Grant Deed
related
$1,250,000 · American Chartered Bank
Aug 3, 2007
—
Trust 895
—
Deed Of Trust
related
$1,375,000 · J P Morgan Chase Bank
—
—
Trust 895
—
Deed Of Trust
related
$475,000 · American Chartered Bank
—
—
Trust 895
—
Loan Modification
related
$1,000,000 · Mb Fin'l Bk
—
—
Trust Number 895
—
Loan Modification
related
$1,150,000 · Mb Fin'l Bk
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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