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Property profile & analytics
OFF-MARKET
Commercial land
3025 7th St, Waukegan, IL 60085
Entity Owned
1-yr Hold
Free & Clear
Property ID
US28-1010146
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.51 ac (65,776 SF)
APN
08-30-306-006
UPID
US28-1010146
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
New Candle Sonal LLC · 1 yrs held
New Candle Sonal LLC
since 2024
Last sale
$149,000
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 Waukegan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waukegan 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$7,097
Tax year 2023
Assessed value
$76,230
Assessed 2023
Previous assessed
$76,230
+0.0% YoY
Effective rate
9.31%
On assessed value
Assessed land
$76,230
Land market value
$228,713
Total market value
$228,713
Applied tax rate
9,012.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
1.51 ac (65,776 SF)
APN
08-30-306-006
UPID
US28-1010146
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
1.51 ac
Current owner
From public records · entity-resolved
New Candle Sonal LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3025 N 7TH ST, WAUKEGAN, IL 60085
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2024
—
New Candle Sonal LLC
Solorio Construction Corporation
Quit Claim Deed
related
—
Sep 28, 2016
$149,000
Solorio Construction Corp
Goyal,varun
Warranty Deed
$104,300 · Lake Forest Bk&tr
Jan 11, 2011
$80,000
Tarun Goyal
Shah,kajal
Warranty Deed
—
Oct 30, 2007
$135,000
Kajal Shah
Mr Management Group
Warranty Deed
—
Jan 17, 2007
—
Mr Management Group LLC
Brahmand INC
Warranty Deed
$1,437,000 · National Republic Bank Chicago
Jan 17, 2007
$3,200,000
Brahmand INC
Waukegan Hotels LLC
Warranty Deed
$1,763,000 · National Republic Bank Chicago
Oct 13, 1997
$1,360,000
Bank Of Waukegan Trustee
Devon Bank
Trustees Deed
related
$1,650,000 · Bank Of Waukegan
Oct 13, 1997
—
Devon Bank
Lake County Sheriff
Trustees Deed
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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