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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Commercial real estate
217 State Rd, Island Lake, IL 60042-8448
Entity Owned
3-yr Hold
Free & Clear
Property ID
US28-2054098
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2016
Total area
4,708 SF
Lot
0.69 ac (30,056 SF)
APN
15-20-478-022
UPID
US28-2054098
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
Current use
Occupant on record · Public records
-
First Community-Congregational Church
-
Deals on Wheels Car Dealership
-
Mission of America Inc Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
$750k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
217 Mw State LLC · 3 yrs held
217 Mw State LLC
since 2022
Last sale
$635,000
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 Island Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Island Lake 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
$560,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$810,000
6.5%
$750,000
7%
$695,000
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $635k (Oct 12 2022)
Last sale anchor
$635k
Oct 12 2022
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
$127 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$11,091
Tax year 2022
Assessed value
$119,107
Assessed 2022
Previous assessed
$119,107
+0.0% YoY
Effective rate
9.31%
On assessed value
Assessed land
$33,386
Assessed improvement
$85,721
Land market value
$100,158
Improvement market value
$257,163
Total market value
$357,321
Applied tax rate
15,076.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2016
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
4,708 SF
Lot
0.69 ac (30,056 SF)
APN
15-20-478-022
UPID
US28-2054098
Jurisdiction
MCHENRY
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL 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
2016
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
217 Mw State LLC
Entity
Free & Clear · 3 yrs held
Mailing address
232 PATRICIA LN, BARTLETT, IL 60103-4039
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2025
—
217 W State LLC
—
Deed
related
$200,000 · Michael L Johnson
Oct 12, 2022
$635,000
217 Mw State LLC
Johndea Ltd
Warranty Deed
—
Apr 6, 2015
$110,000
Johndea Ltd
Guru Nanak Sikh Mission Of Americ
Grant Deed
—
Feb 13, 2015
—
Guru Nanak Sikh Mission Of Americ
Saini Harprett S
Quit Claim Deed
related
—
Nov 14, 2013
$12,000
Harpreet S Saini
Dhanoya,kashmir
Quit Claim Deed
related
—
Dec 22, 2011
—
Hartpreet S Saini
Randhawa,jaspal K
Quit Claim Deed
related
—
Oct 14, 2011
—
Jaspal K Randmawa
Gurunanak Sirh Mission Of America
Warranty Deed
—
Oct 29, 2010
—
Guru Nanak Sikh Mission Of Americ
—
Trustees Deed
related
$65,000 · Gurmit S Bhola
Oct 28, 2010
—
Guru Nanakshch Mission Of America
—
Trustees Deed
related
$75,000 · Baba D Singh
Feb 11, 1998
—
Gubu Nanak Sikh Mission Americ
Randhawa,jaspal K & Daljit
Grant Deed
related
—
Jan 15, 1998
—
Jaspal K Randhawa
First Commu Congregational Chu
Grant Deed
related
—
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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