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Property profile & analytics
FOR LEASE
Manufacturing properties
2600 Commerce Dr Libertyville, IL 60048
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-0330118
For Lease
1 / 2
$7.25 SF/Yr
2600 Commerce Dr, Libertyville, IL 60048
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2001
Construction
BRICK
Total area
75,798 SF
Lot
5 ac (217,800 SF)
APN
10-12-303-001
UPID
US28-0330118
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
$7.56M
CAP Approach
CAP
$5.02M
Comparable Approach
Comparable
$6.11M
Blend (final)
Blend
$7.48M
Owner & transaction history
Plymouth 2600 2620 Commerce Drive I · 4 yrs held
Plymouth 2600 2620 Commerce Drive I
since 2022
Last sale
$7.3M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$9.6M
+64.6%
Office building
$9.2M
+56.6%
Apartment house (5+ units)
$8.5M
+44.8%
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
$7,760,000
ML approach
$7,555,000
CAP Approach
CAP Return
Estimation
6%
$5,440,000
6.5%
$5,020,000
7%
$4,660,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,860,000
Current use
RETAIL STORES
$9,640,000
Change: +65% · Conversion: Moderate
OFFICE BUILDING
$9,175,000
Change: +57% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,485,000
Change: +45% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,410,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$7.48M
Range $6.73M – $8.23M · ±10% · vs last sale $7.30M (May 3 2022)
Last sale anchor
$7.30M
May 3 2022
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
$99 / 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
$145,417
Tax year 2023
Assessed value
$1,772,511
Assessed 2023
Previous assessed
$1,835,908
-3.5% YoY
Effective rate
8.20%
On assessed value
Assessed land
$327,288
Assessed improvement
$1,445,223
Land market value
$981,962
Improvement market value
$4,336,103
Total market value
$5,318,065
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
2001
Construction
BRICK
Heating
NONE
Total area
75,798 SF
Lot
5 ac (217,800 SF)
APN
10-12-303-001
UPID
US28-0330118
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
INDUSTRIAL (GENERAL) Current
Est. value
$5.9M
RETAIL STORES
Est. value
$9.6M
OFFICE BUILDING
Est. value
$9.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.5M
WAREHOUSE, STORAGE
Est. value
$6.4M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
2001
Construction
BRICK
Heating
NONE
Lot
5 ac
Current owner
From public records · entity-resolved
Plymouth 2600 2620 Commerce Drive I
Individual
Mailing address
20 CUSTOM HOUSE ST STE #11, BOSTON, MA 02110-3534
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2022
$7,300,000
Plymouth 2600 2620 Commerce Drive I
2600 Commerce LLC
Special Warranty Deed
—
Nov 29, 2005
—
2600 Commerce LLC
William Frick & Co
Quit Claim Deed
related
$3,000,000 · Principal Commercial Funding LLC
Feb 22, 2001
$871,000
William Frick & Co
Lasalle Bank NA Trustee
Grant Deed
—
—
—
2600 Commerce LLC
—
Deed Of Trust
related
$2,500,000 · Libertyville Bk
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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