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Property profile & analytics
OFF-MARKET
Estimated value
$2,935,000
Industrial land
3075 Oak Grv Ave, Waukegan, IL 60087-1817
Entity Owned
3-yr Hold
Free & Clear
Property ID
US28-4613426
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
0.22 ac (9,422 SF)
APN
07-01-102-012
UPID
US28-4613426
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
Current use
Occupant on record · Public records
-
Tru-Spec Metals, Inc. Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.94M
Owner & transaction history
Tlp 3075 Oak Grove LLC · 3 yrs held
Tlp 3075 Oak Grove LLC
since 2022
Last sale
$2.9M
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 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
Method
Estimation
Statistic approach
$3,025,000
ML approach
$2,955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.94M
Range $2.64M – $3.23M · ±10% · vs last sale $2.88M (Aug 19 2022)
Last sale anchor
$2.88M
Aug 19 2022
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
$1,516
Tax year 2023
Assessed value
$12,508
Assessed 2023
Previous assessed
$12,144
+3.0% YoY
Effective rate
12.12%
On assessed value
Assessed land
$12,508
Land market value
$37,528
Total market value
$37,528
Applied tax rate
8,024.0000
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
0.22 ac (9,422 SF)
APN
07-01-102-012
UPID
US28-4613426
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
0.22 ac
Current owner
From public records · entity-resolved
Tlp 3075 Oak Grove LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2215 YORK RD STE #405, OAK BROOK, IL 60523-4008
Ownership since
2022
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 30, 2025
—
Tlp 3075 Oak Grove LLC
—
Deed
related
$64,000,000 · Webster Bank NA
Aug 19, 2022
$2,879,500
Tlp 3075 Oak Grove LLC
3075 Oak Grove De LLC
Special Warranty Deed
—
Sep 27, 2021
$2,730,000
Il 3075 Oak Grove De LLC
Platinum Owner Il LLC
Special Warranty Deed
$286,000,000 · Morgan Stanley Bank NA
Feb 2, 2021
$3,000,000
Platinum Owner Il LLC
Hs Fund V Zl Portfolio Investors Ll
Special Warranty Deed
$695,000,000 · Barclays Capital Real Estate INC
Jul 30, 2019
$2,315,000
Hs Fund V Zl Portfolio Invtrs
5111 South 9th Street LLC
Trustees Deed
$26,400,000 · Metlife R/e Lndg LLC
Nov 14, 2007
$2,463,000
5111 South 9th Street LLC
Waukegan Oak Grove Lot 7 LLC
Warranty Deed
—
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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