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Property profile & analytics
OFF-MARKET
Warehouses
219 Lk Ave, Lake Villa, IL 60046-8995
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-0686823
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1953
Construction
FRAME
Total area
2,450 SF
Lot
0.46 ac (20,038 SF)
APN
02-33-306-038
UPID
US28-0686823
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
by Request
Owner & transaction history
Jacg Properties LLC · 3 yrs held
Jacg Properties LLC
since 2022
Last sale
$180,000
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 Lake Villa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Villa 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$6,983
Tax year 2023
Assessed value
$65,680
Assessed 2023
Previous assessed
$64,418
+2.0% YoY
Effective rate
10.63%
On assessed value
Assessed land
$33,145
Assessed improvement
$32,535
Land market value
$99,445
Improvement market value
$97,615
Total market value
$197,060
Applied tax rate
5,159.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1953
Construction
FRAME
Heating
NONE
Total area
2,450 SF
Lot
0.46 ac (20,038 SF)
APN
02-33-306-038
UPID
US28-0686823
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
1953
Construction
FRAME
Heating
NONE
Lot
0.46 ac
Current owner
From public records · entity-resolved
Jacg Properties LLC
Entity
Mailing address
219 LK AVE, LAKE VILLA, IL 60046-8995
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2022
—
Jacg Properties LLC
Lg Automotive LLC
Quit Claim Deed
related
—
Aug 31, 2022
—
Jacg Properties LLC
Lg Properties LLC
Quit Claim Deed
related
—
Aug 25, 2014
$180,000
L G Automotive LLC
Leman L Pendley
Warranty Deed
$144,000 · Home State Bank NA
Oct 15, 2010
$150,000
Leman L Pendley
Trust 6267
Grant Deed
$105,000 · Norstates Bank
Feb 23, 2007
—
Trust 6267
—
Trustees Deed
related
$20,000 · Norstates Bank
Feb 11, 1998
$113,000
First Midwest Trust Co NA Ttee
First State Bank Round Lake
Grant Deed
related
$113,165 · First State Bank Round Lake
—
—
Trust 6267
—
Deed Of Trust
related
$30,000 · Norstates Bank
—
—
Trust 6267
—
Deed Of Trust
related
$132,050 · Norstates 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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