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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Warehouses
300 Rockland Rd, Lake Bluff, IL 60044-1813
Entity Owned
20-yr Hold
Free & Clear
Property ID
US28-2332074
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
BRICK
Total area
12,480 SF
Lot
4 ac (174,240 SF)
APN
12-20-100-006
UPID
US28-2332074
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
$1.01M
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$1.27M
Owner & transaction history
300 Rockland Road LLC · 20 yrs held
300 Rockland Road LLC
since 2005
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+50.4%
Office building
$1.5M
+43.1%
Apartment house (5+ units)
$1.4M
+32.3%
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 Bluff submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Bluff 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%
$1,085,000
6.5%
$1,005,000
7%
$930,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,055,000
Current use
RETAIL STORES
$1,590,000
Change: +50% · Conversion: Moderate
OFFICE BUILDING
$1,510,000
Change: +43% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,395,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$965,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±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
$102 / 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
$46,761
Tax year 2023
Assessed value
$700,445
Assessed 2023
Previous assessed
$661,009
+6.0% YoY
Effective rate
6.68%
On assessed value
Assessed land
$195,248
Assessed improvement
$505,197
Land market value
$585,803
Improvement market value
$1,515,743
Total market value
$2,101,546
Applied tax rate
10,011.0000
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
1996
Construction
BRICK
Heating
NONE
Buildings
2
Total area
12,480 SF
Lot
4 ac (174,240 SF)
APN
12-20-100-006
UPID
US28-2332074
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
$1.1M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$965,000
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1996
Construction
BRICK
Heating
NONE
Buildings
2
Lot
4 ac
Current owner
From public records · entity-resolved
300 Rockland Road LLC
Entity
Free & Clear · 20 yrs held
Mailing address
300 ROCKLAND RD, LAKE BLUFF, IL 60044-1813
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
Mar 16, 2018
—
300 Rockland Road LLC
—
Grant Deed
related
$9,000,000 · Lake Forest Bk&tr
Aug 9, 2017
—
300 Rockland Road LLC
—
Deed
related
—
Apr 18, 2013
—
300 Rockland Road LLC
—
Loan Modification
related
$1,204,222 · Bmo Harris Bank
Nov 8, 2012
—
300 Rockland Road LLC
—
Deed Of Trust
related
$1,204,222 · Bmo Harris Bank
Jul 29, 2009
—
300 Rockland Road LLC
—
Deed Of Trust
related
$19,449,950 · Harris NA
Aug 16, 2005
—
300 Rockland Road LLC
Trust 32-10212
Grant Deed
—
—
—
300 Rockland Road LLC
—
Deed Of Trust
related
$1,418,124 · Harris NA
—
—
300 Rockland Road LLC
—
Deed Of Trust
related
$6,000,000 · Bmo Harris Bank
—
—
300 Rockland Road LLC
—
Loan Modification
related
—
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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