Entity Owned Property summary
AI-generated overview
The property is located in Grayslake, Illinois and includes a total of approximately 25,000 square feet of warehouse space and 6,570 square feet of office space. The warehouse is equipped with two interior dock doors and one drive-in door for loading and unloading, and it has a 22-foot clear height for vertical storage and operations. The building sits on a 0.72-acre lot, providing space that may support expansion and/or outdoor storage uses. The site configuration and warehouse characteristics make it suitable for a range of business uses, including food- and pharmaceutical-industry operations.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
BRICK
Total area
31,674 SF
Lot
0.84 ac (36,638 SF)
APN
06-36-104-001
UPID
US28-0802124
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Business Management Consultant
-
Association Or Organization
-
Specialty Food Shop
-
Advertising Agency Marketing & Advertising
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.42M
CAP Approach
CAP
$2.55M
Comparable Approach
Comparable
$3.34M
Blend (final)
Blend
$2.49M
Owner & transaction history
since 2025
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Retail stores
$3.8M
+42.1%
Apartment house (5+ units)
$3.7M
+39.4%
Commercial (general)
$3.3M
+23.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.49M
Value range
$2.24M – $2.74M
±10% around blend
Estimated value / SF
$79 / SF
Confidence
Property data
75
Market benchmarks
67
Comparable evidence
60
$2.24M
blend $2.49M
$2.74M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
31,674 SF
Lot area
0.84 ac
Year built
1996
APN
06-36-104-001
Assessed value
$861,277
Annual tax
$85,909
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.55M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.76M
@ 6.5% CAP return
$2.55M
@ 7% CAP return
$2.37M
4
Sales comparison
Partial preview
Sales approach indication
$3.34M
Range $2.14M – $3.34M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.49M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 59 sales
$84
-7%
County 155 sales
$85
-7%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $79/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+42%
vs current-use indication
Apartment House (5+ Units)
Commercial (general)
Office Building
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
6.70%
Implied, in-place cap rate for this other warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.70%
9.0%
NOI (est.)
$193k *
Last sale · Jun 2025
$2.75M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.87M
Move the market yield to see immediate price impact.
Value / SF
$91
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.20%6.70%7.20%
$173k
$2.79M
$2.59M
$2.41M
$193k
$3.10M
$2.87M
$2.67M
$212k
$3.42M
$3.16M
$2.94M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$85,909
Tax year 2023
Assessed value
$861,277
Assessed 2023
Previous assessed
$762,418
+13.0% YoY
Effective rate
9.97%
On assessed value
Assessed land
$138,849
Assessed improvement
$722,428
Land market value
$416,589
Improvement market value
$2,167,501
Total market value
$2,584,090
Applied tax rate
7,060.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
BRICK
Heating
NONE
Total area
31,674 SF
Lot
0.84 ac (36,638 SF)
APN
06-36-104-001
UPID
US28-0802124
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
BRICK
Heating
NONE
Lot
0.84 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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