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Property profile & analytics
OFF-MARKET
Retail space
229 Barron Blvd, Grayslake, IL 60030-1637
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-1737301
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Construction
BRICK
Total area
3,500 SF
Lot
0.34 ac (15,019 SF)
APN
06-26-402-010
UPID
US28-1737301
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
225 229 Barron Road LLC · 3 yrs held
225 229 Barron Road LLC
since 2022
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 Grayslake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grayslake 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
$12,551
Tax year 2023
Assessed value
$111,285
Assessed 2023
Previous assessed
$104,687
+6.3% YoY
Effective rate
11.28%
On assessed value
Assessed land
$35,104
Assessed improvement
$76,181
Land market value
$105,323
Improvement market value
$228,566
Total market value
$333,889
Applied tax rate
7,013.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1990
Construction
BRICK
Heating
NONE
Total area
3,500 SF
Lot
0.34 ac (15,019 SF)
APN
06-26-402-010
UPID
US28-1737301
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
0.34 ac
Current owner
From public records · entity-resolved
225 229 Barron Road LLC
Entity
Mailing address
225 BARRON BLVD, GRAYSLAKE, IL 60030-1637
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
Jul 20, 2022
—
225 229 Barron Road LLC
7ya 225 229 Barron LLC
Intrafamily Transfer
related
—
Aug 24, 2017
—
7ya 225-229 Barron LLC
European Service At Home INC
Warranty Deed
—
Jan 19, 2017
—
225-229 Barron Road LLC
European Service Of Home INC
Quit Claim Deed
related
—
Mar 21, 2014
$210,000
European Service At Home INC
Min,byung S & Susan Myung S
Warranty Deed
—
Jul 29, 2003
$510,000
Min Byung Sun
Kim,chong Sul
Grant Deed
$240,000 · Mb Financial Bank NA
Sep 25, 2001
$433,000
Chong S Kim
Chung,kyung J & Sonn M
Grant Deed
$325,000 · Edens Bank
—
—
Byung S Min
—
Deed Of Trust
related
$205,731 · Mb Financial Bank NA
—
—
T B North INC
—
Deed Of Trust
related
$1,100,000 · Private 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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