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Property profile & analytics
OFF-MARKET
Estimated value
$4,460,000
Warehouses
2401 Commerce Dr, Libertyville, IL 60048-4464
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US28-0965476
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
BRICK
Total area
85,492 SF
Lot
7 ac (304,920 SF)
APN
10-12-403-009
UPID
US28-0965476
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
$2.84M
Blend (final)
Blend
$4.46M
Owner & transaction history
Plymouth 2401 Commerce LLC · 11 yrs held
Plymouth 2401 Commerce LLC
since 2014
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 Libertyville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Libertyville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,230,000
Current use
INDUSTRIAL (GENERAL)
$6,610,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$4.46M
Range $4.01M – $4.91M · ±10%
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
$52 / 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
$110,032
Tax year 2023
Assessed value
$1,520,347
Assessed 2023
Previous assessed
$1,389,166
+9.4% YoY
Effective rate
7.24%
On assessed value
Assessed land
$458,203
Assessed improvement
$1,062,144
Land market value
$1,374,746
Improvement market value
$3,186,751
Total market value
$4,561,497
Applied tax rate
12,022.0000
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
1995
Construction
BRICK
Heating
NONE
Total area
85,492 SF
Lot
7 ac (304,920 SF)
APN
10-12-403-009
UPID
US28-0965476
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
$7.2M
INDUSTRIAL (GENERAL)
Est. value
$6.6M
WAREHOUSE, STORAGE Current
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
1995
Construction
BRICK
Heating
NONE
Lot
7 ac
Current owner
From public records · entity-resolved
Plymouth 2401 Commerce LLC
Entity
Mailing address
260 FRANKLIN ST #19, BOSTON, MA 02110-3112
Ownership since
2014
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 28, 2016
—
Plymouth 2401 Commerce LLC
—
Deed
related
$115,400,000 · Miscellaneous Ins Co
Oct 31, 2014
$5,639,725
Plymouth 2401 Commerce LLC
Vk 2401 LLC
Special Warranty Deed
$192,000,000 · Us Bank NA
Jul 14, 2011
—
Vk 5727 LLC
—
Deed Of Trust
related
$24,700,000 · First Midwest Bank
Jan 14, 2011
$2,705,000
Vk 2401 LLC
Lincoln Commerce Ctr Props LLC
Warranty Deed
—
Aug 14, 2003
$3,334,500
Lincoln Commerce Center Proper
Lasalle Bank NA Trustee
Grant Deed
—
—
—
Vk 5727 LLC
—
Deed Of Trust
related
$12,350,000 · First Midwest Bank
—
—
Plymouth 2401 Commerce LLC
—
Deed Of Trust
related
$115,400,000 · Miscellaneous Ins Co
—
—
Plymouth 2401 Commerce LLC
—
Deed Of Trust
related
$4,600,000 · Miscellaneous Ins 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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