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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Industrial properties
244 Telser Rd 1, Lake Zurich, IL 60047-1525
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-5667861
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
0.43 ac (18,905 SF)
APN
14-16-403-017
UPID
US28-5667861
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
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$725k
Owner & transaction history
Otto Holdings LLC · 3 yrs held
Otto Holdings LLC
since 2023
Last sale
$665,000
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 Zurich submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Zurich 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
$780,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $665k (Apr 25 2023)
Last sale anchor
$665k
Apr 25 2023
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
—
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
$11,507
Tax year 2023
Assessed value
$191,730
Assessed 2023
Previous assessed
$146,061
+31.3% YoY
Effective rate
6.00%
On assessed value
Assessed land
$20,564
Assessed improvement
$171,166
Land market value
$61,698
Improvement market value
$513,549
Total market value
$575,247
Applied tax rate
15,059.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.43 ac (18,905 SF)
APN
14-16-403-017
UPID
US28-5667861
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
Heating
NONE
Lot
0.43 ac
Current owner
From public records · entity-resolved
Otto Holdings LLC
Entity
Mailing address
244 TELSER RD, LAKE ZURICH, IL 60047-1525
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2023
$665,000
Otto Holdings LLC
Robert Wardanian
Deed
—
Dec 4, 2020
—
Robert Wardanian
—
Deed
related
$378,000 · Inland Bank & Trust
Dec 7, 2016
—
Wardanian,robert Trust
—
Deed
related
—
Jan 18, 2012
—
Wardanian,robert Trust
—
Trustees Deed
related
$500,000 · First Midwest Bank
Sep 29, 2011
—
Wardanian Robert Trust
Wardanian Donata L Trust
Quit Claim Deed
related
—
Oct 5, 2001
$2,240,000
Richard Meining
Flex Development INC
Grant Deed
$1,500,000 · Peoples Bank Arlington Heights
Jul 27, 2001
$1,455,000
Rer LLC
Flex Development I INC
Grant Deed
—
—
—
Wardanian,robert Trust
—
Loan Modification
related
—
—
—
Wardanian,robert Trust
—
Deed Of Trust
related
$153,793 · Inland Bk&tr
—
—
Wardanian Robert Trust
—
Deed Of Trust
related
—
—
—
Wardanian Robert Trust
—
Deed Of Trust
related
$600,000 · First Midwest Bank
—
—
Wardanian,robert Trust
—
Deed Of Trust
related
$100,000 · Inland Bk&tr
—
—
Wardanian,robert Tr
—
Deed Of Trust
related
$225,000 · Fifth Third Bank Chicago
—
—
Wardanian,robert Trust
—
Loan Modification
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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