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Property profile & analytics
OFF-MARKET
Estimated value
$3,910,000
Warehouses
27992 Il Rte 120, Lakemoor, IL 60051-7250
Entity Owned
16-yr Hold
Free & Clear
Property ID
US28-2314013
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
STEEL FRAME
Total area
36,800 SF
Lot
8.28 ac (360,677 SF)
APN
09-04-200-003
UPID
US28-2314013
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
$2.96M
Comparable Approach
Comparable
$3.88M
Blend (final)
Blend
$3.91M
Owner & transaction history
Lakes Region Busn Rentals LLC · 16 yrs held
Lakes Region Busn Rentals LLC
since 2010
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.4M
+107.6%
Office building
$4.8M
+55.1%
Retail stores
$4.4M
+42.1%
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 Lakemoor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakemoor 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%
$3,205,000
6.5%
$2,960,000
7%
$2,750,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,100,000
Current use
AUTO REPAIR, GARAGE
$6,430,000
Change: +108% · Conversion: Easy
OFFICE BUILDING
$4,805,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$4,405,000
Change: +42% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,320,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,480,000
Change: +12% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,905,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$3.91M
Range $3.52M – $4.30M · ±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
$106 / 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
$153,050
Tax year 2023
Assessed value
$1,631,414
Assessed 2023
Previous assessed
$1,627,280
+0.3% YoY
Effective rate
9.38%
On assessed value
Assessed land
$207,051
Assessed improvement
$1,424,363
Land market value
$621,215
Improvement market value
$4,273,516
Total market value
$4,894,731
Applied tax rate
13,025.0000
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
2003
Construction
STEEL FRAME
Heating
NONE
Buildings
4
Total area
36,800 SF
Lot
8.28 ac (360,677 SF)
APN
09-04-200-003
UPID
US28-2314013
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
$3.1M
AUTO REPAIR, GARAGE
Est. value
$6.4M
OFFICE BUILDING
Est. value
$4.8M
RETAIL STORES
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.5M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2003
Construction
STEEL FRAME
Heating
NONE
Buildings
4
Lot
8.28 ac
Current owner
From public records · entity-resolved
Lakes Region Busn Rentals LLC
Entity
Free & Clear · 16 yrs held
Mailing address
PO BOX 777, WAUCONDA, IL 60084-0777
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2010
—
Lakes Region Busn Rentals LLC
Schuhknect,wesley & Janis
Quit Claim Deed
related
—
—
—
Dale Berger
—
Deed Of Trust
related
$2,630,023 · American Community Bk & Tr
—
—
Business Rentals Lakes Region
—
Loan Modification
related
$1,851,644 · American Community Bk & Tr
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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