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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Warehouses
2217 Delany Rd, Waukegan, IL 60087-1802
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-2076324
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
BRICK
Total area
14,400 SF
Lot
1.77 ac (77,101 SF)
APN
07-12-101-019
UPID
US28-2076324
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
-
American Gases Corporation Big Box & Wholesale Store Building Supply
-
Genesis Sliding Doors Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.00M
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$813k
Blend (final)
Blend
$1.00M
Owner & transaction history
Sjb Properties Waukegan LLC · 2 yrs held
Sjb Properties Waukegan LLC
since 2024
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+26.6%
Apartment house (5+ units)
$1.6M
+25.9%
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
$1,000,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
$1,255,000
6.5%
$1,160,000
7%
$1,075,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,280,000
Current use
RETAIL STORES
$1,620,000
Change: +27% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,610,000
Change: +26% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,115,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Jul 3 2024)
Last sale anchor
$1.00M
Jul 3 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
$69 / 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
$27,665
Tax year 2023
Assessed value
$228,242
Assessed 2023
Previous assessed
$221,594
+3.0% YoY
Effective rate
12.12%
On assessed value
Assessed land
$65,429
Assessed improvement
$162,813
Land market value
$196,307
Improvement market value
$488,488
Total market value
$684,795
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Construction
BRICK
Heating
NONE
Total area
14,400 SF
Lot
1.77 ac (77,101 SF)
APN
07-12-101-019
UPID
US28-2076324
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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
RETAIL STORES
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1970
Construction
BRICK
Heating
NONE
Lot
1.77 ac
Current owner
From public records · entity-resolved
Sjb Properties Waukegan LLC
Entity
Mailing address
34836 N GOGOL AVE, INGLESIDE, IL 60041-9443
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
—
Sjb Properties Waukegan LLC
Scott J Bell
Quit Claim Deed
related
—
Sep 12, 2018
$1,000,000
Scott J Bell
2217 Delany Rd LLC
Warranty Deed
$750,000 · Jpmorgan Chase Bank NA
Aug 10, 2007
$735,000
2217 Delany Rd LLC
Steven F Molo
Executors Deed
$881,250 · Harris NA
Apr 8, 2005
$700,000
Daniel W Weil
Maric LLC
Warranty Deed
—
—
—
2217 Delany Rd LLC
—
Deed Of Trust
related
$780,000 · Midwest Bank & Trust Co
—
—
2217 Delany Rd LLC
—
Deed Of Trust
related
$437,726 · Associated Bank
—
—
Royal Crown Bottling Co Chicag
—
Deed Of Trust
related
$23,000 · Lasalle National Bank
—
—
2217 Delany Rd LLC
—
Deed Of Trust
related
$780,000 · Midwest Bank & Trust Co
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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