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Property profile & analytics
FOR SALE
Office buildings
2701 Sheridan Rd Zion, IL 60099
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-5645294
For Sale
1 / 5
$1,272,000
2701 Sheridan Rd, Zion, IL 60099
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Construction
STEEL FRAME
Total area
2,868 SF
Lot
0.34 ac (14,837 SF)
APN
04-22-310-001
UPID
US28-5645294
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
$1.39M
CAP Approach
CAP
$650k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.03M
Owner & transaction history
Blue Exotic LLC · 6 yrs held
Blue Exotic LLC
since 2020
Last sale
$1.1M
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 Zion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Zion 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
$1,410,000
ML approach
$1,390,000
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$605,000
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10% · vs last sale $1.08M (May 8 2020)
Last sale anchor
$1.08M
May 8 2020
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
$357 / 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
$24,640
Tax year 2023
Assessed value
$118,068
Assessed 2023
Previous assessed
$172,382
-31.5% YoY
Effective rate
20.87%
On assessed value
Assessed land
$30,083
Assessed improvement
$87,985
Land market value
$90,258
Improvement market value
$263,981
Total market value
$354,239
Applied tax rate
2,003.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1972
Construction
STEEL FRAME
Heating
NONE
Total area
2,868 SF
Lot
0.34 ac (14,837 SF)
APN
04-22-310-001
UPID
US28-5645294
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
1972
Construction
STEEL FRAME
Heating
NONE
Lot
0.34 ac
Current owner
From public records · entity-resolved
Blue Exotic LLC
Entity
Mailing address
2010 EL CAMINO REAL #1324, SANTA CLARA, CA 95050-4051
Ownership since
2020
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
May 8, 2020
$1,076,000
Blue Exotic LLC
Singh Brothers II LLC
Special Warranty Deed
$753,200 · Us Bank NA
Oct 31, 2016
$1,046,545
Singh Brothers II LLC
2701 Sheridan Road LLC
Grant Deed
$680,255 · First Internet Bk/in
Sep 19, 2016
$130,000
2701 Sheridan Road LLC
Johnson Bk
Grant Deed
related
—
Mar 12, 2015
$130,000
2701 Sheridan Road LLC
Johnson Bk
Grant Deed
—
Jan 21, 2011
—
Johnson Bk
Sheriff Of Lake County
Trustees Deed
related
—
—
—
Jeannine D Pitcher
—
Deed Of Trust
related
$305,000 · Johnson Bank
—
—
Jeannine D Pitcher
—
Deed Of Trust
related
$132,000 · Grand National Bank
—
—
Jeannine D Pitcher
—
Deed Of Trust
related
$100,000 · Johnson Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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