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Property profile & analytics
OFF-MARKET
Turn key restaurants
305 Waukegan Ave, Highwood, IL 60040
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US28-5865690
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1965
Construction
BRICK
Total area
2,232 SF
Lot
0.05 ac (2,026 SF)
APN
16-15-407-018
UPID
US28-5865690
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
Viti Enterprises II LLC · 22 yrs held
Viti Enterprises II LLC
since 2003
6 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 Highwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highwood 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
$7,530
Tax year 2023
Assessed value
$116,079
Assessed 2023
Previous assessed
$86,455
+34.3% YoY
Effective rate
6.49%
On assessed value
Assessed land
$19,680
Assessed improvement
$96,399
Land market value
$59,046
Improvement market value
$289,226
Total market value
$348,272
Applied tax rate
18,045.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1965
Construction
BRICK
Heating
NONE
Total area
2,232 SF
Lot
0.05 ac (2,026 SF)
APN
16-15-407-018
UPID
US28-5865690
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
Year built
1965
Construction
BRICK
Heating
NONE
Lot
0.05 ac
Current owner
From public records · entity-resolved
Viti Enterprises II LLC
Entity
Mailing address
301 WAUKEGAN AVE, HIGHWOOD, IL 60040-1312
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2017
—
301 Waukegan Avenue LLC
—
Deed
related
$907,829 · First Bk/highland Park
Jun 1, 2017
—
301 Waukegan Avenue LLC
—
Deed
related
$259,512 · First Bk/highland Park
Nov 7, 2003
$325,000
Viti Enterprises II LLC
Ferrari,tr
Grant Deed
$225,000 · Ferrari Trust
—
—
Margaret L Aulbach
—
Deed Of Trust
related
$164,000 · West Penn Fin'l Svc Center INC
—
—
301 Waukegan Avenue LLC
—
Loan Modification
related
$259,512 · First Bk/highland Park
—
—
301 Waukegan Avenue LLC
—
Loan Modification
related
$907,829 · First Bk/highland Park
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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