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Property profile & analytics
OFF-MARKET
Estimated value
$2,185,000
Warehouses
2910 Falling Waters Blvd, Lindenhurst, IL 60046-6799
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-1263612
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Construction
BRICK
Total area
25,600 SF
Lot
2.51 ac (109,118 SF)
APN
06-01-401-306
UPID
US28-1263612
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
$2.18M
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$2.19M
Owner & transaction history
Seyre LLC · 1 yrs held
Seyre LLC
since 2025
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.3M
+55.1%
Retail stores
$3.1M
+42.1%
Apartment house (5+ units)
$3.0M
+39.4%
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 Lindenhurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lindenhurst 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
$2,170,000
ML approach
$2,175,000
CAP Approach
CAP Return
Estimation
6%
$2,230,000
6.5%
$2,060,000
7%
$1,910,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,155,000
Current use
OFFICE BUILDING
$3,345,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$3,065,000
Change: +42% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,005,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,660,000
Change: +23% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,020,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$2.19M
Range $1.97M – $2.40M · ±10% · vs last sale $2.20M (Dec 21 2024)
Last sale anchor
$2.20M
Dec 21 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
$85 / 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
$72,857
Tax year 2023
Assessed value
$531,424
Assessed 2023
Previous assessed
$521,208
+2.0% YoY
Effective rate
13.71%
On assessed value
Assessed land
$122,459
Assessed improvement
$408,965
Land market value
$367,414
Improvement market value
$1,227,018
Total market value
$1,594,432
Applied tax rate
5,150.0000
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
2004
Construction
BRICK
Heating
NONE
Total area
25,600 SF
Lot
2.51 ac (109,118 SF)
APN
06-01-401-306
UPID
US28-1263612
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
$2.2M
OFFICE BUILDING
Est. value
$3.3M
RETAIL STORES
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
WAREHOUSE, STORAGE Current
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
2004
Construction
BRICK
Heating
NONE
Lot
2.51 ac
Current owner
From public records · entity-resolved
Seyre LLC
Entity
Mailing address
12334 87TH AVE, PLEASANT PRAIRIE, WI 53158-2402
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2025
$2,200,000
Seyre LLC
Peter Kyriazes LLC
Warranty Deed
$1,760,000 · Bank Of America NA
Jan 30, 2023
$1,850,000
2910 Falling Waters LLC
Falling Waters Development LLC
Special Warranty Deed
$1,387,500 · First American Bank
Aug 12, 2021
—
Falling Waters Development LLC
—
Deed
related
$1,260,000 · Peoplefirst Bank
Sep 8, 2020
—
Falling Waters Development LLC
—
Deed
related
$6,000,000 · First Midwest Bank
Jan 10, 2017
—
Falling Waters Dev LLC
—
Deed
related
$1,365,297 · Wells Fargo Bk
May 28, 2004
—
Falling Waters Development Co
Rittenberry,brion
Quit Claim Deed
related
$1,629,000 · Lasalle National Bank
Sep 6, 2002
$294,500
Brion Rittenberry
Lindenhurst Partners LLC
Grant Deed
$330,000 · Lasalle National Bank
Nov 8, 1999
$171,500
Jaime Velasco
Lakewood Hills LLC
Grant Deed
$154,100 · Lhi Mortgage INC
—
—
Falling Waters Dev LLC
—
Deed Of Trust
related
$950,000 · Wells Fargo Bank
—
—
Falling Waters Dev LLC
—
Deed Of Trust
related
$1,365,297 · Wells Fargo Bank
—
—
Falling Waters Dev LLC
—
Loan Modification
related
$1,365,297 · Wells Fargo Bk
—
—
Jaime Velasco
—
Deed Of Trust
related
$50,000 · Citibank Fsb
—
—
Falling Waters Dev LLC
—
Deed Of Trust
related
$746,000 · Small Business Growth Corp
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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