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Property profile & analytics
OFF-MARKET
Estimated value
$1,910,000
Industrial properties
28041 Bradley Rd, Lake Forest, IL 60045-1163
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-1556266
Property summary
AI-generated overview
This exceptional 35,482-square-foot industrial property, situated on a 2.82-acre lot in Lake Forest, Illinois (zip code 60045), presents a unique investment opportunity. The property, located at 28041 N Bradley Road, consists of two buildings, both extensively renovated in 2024. Improvements include new roofs (Building A: new
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
3.13 ac (136,343 SF)
APN
11-24-300-005
UPID
US28-1556266
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
$1.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.91M
Owner & transaction history
Libertyville Ventures LLC · 2 yrs held
Libertyville Ventures LLC
since 2024
Last sale
$1.9M
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 Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Forest 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
$1,910,000
ML approach
$1,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.91M
Range $1.72M – $2.10M · ±10% · vs last sale $1.91M (Feb 23 2024)
Last sale anchor
$1.91M
Feb 23 2024
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
$33,583
Tax year 2023
Assessed value
$523,447
Assessed 2023
Previous assessed
$503,121
+4.0% YoY
Effective rate
6.42%
On assessed value
Assessed land
$348,978
Assessed improvement
$174,469
Land market value
$1,047,039
Improvement market value
$523,459
Total market value
$1,570,498
Applied tax rate
11,084.0000
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
3.13 ac (136,343 SF)
APN
11-24-300-005
UPID
US28-1556266
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
3.13 ac
Current owner
From public records · entity-resolved
Libertyville Ventures LLC
Entity
Mailing address
28041 N BRADLEY RD, LAKE FOREST, IL 60045-1163
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2024
—
Libertyville Ventures LLC
—
Deed
related
$1,940,000 · Baxter Cu
Feb 23, 2024
$1,910,000
Libertyville Ventures LLC
Chicago Title Land Trust Company
Deed
$1,510,000 · Baxter Cu
Oct 27, 2016
—
Chicago Title Land Trust Company
—
Deed
related
$710,000 · First Bank & Trust
Oct 18, 2016
—
Chicago Title Land Trust Company
—
Deed
related
$710,000 · First Bank
—
—
Trust 2165
—
Loan Modification
related
—
—
—
Trust 2165
—
Loan Modification
related
—
—
—
Trust 2165
—
Loan Modification
related
—
—
—
Lasalle Bank NA Trustee
—
Deed Of Trust
related
$800,000 · Bank One NA
—
—
Trust 2165
—
Deed Of Trust
related
$950,000 · Libertyville Bank & Trust Co
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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