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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Retail space
32322 Il Rte 83 Grayslake, IL 60030-9811
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-1324815
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Construction
FRAME
Total area
15,757 SF
Lot
3 ac (130,680 SF)
APN
06-35-400-005
UPID
US28-1324815
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
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$750k
Owner & transaction history
Kreutzer,steven Trust · 6 yrs held
Kreutzer,steven Trust
since 2019
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 Grayslake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grayslake 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
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$48 / 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
$24,655
Tax year 2023
Assessed value
$221,477
Assessed 2023
Previous assessed
$205,648
+7.7% YoY
Effective rate
11.13%
On assessed value
Assessed land
$121,964
Assessed improvement
$99,513
Land market value
$365,929
Improvement market value
$298,569
Total market value
$664,498
Applied tax rate
7,013.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Construction
FRAME
Heating
NONE
Total area
15,757 SF
Lot
3 ac (130,680 SF)
APN
06-35-400-005
UPID
US28-1324815
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
1930
Construction
FRAME
Heating
NONE
Lot
3 ac
Current owner
From public records · entity-resolved
Kreutzer,steven Trust
Trust
Mailing address
25035 W BCH GRV RD, ANTIOCH, IL 60002-2732
Ownership since
2019
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
Jan 14, 2020
—
Steven Kreutzer
—
Deed
related
$245,000 · Crystal Lake Bk&tr
Dec 19, 2019
—
Kreutzer,steven Trust
Steve Kreutzer
Quit Claim Deed
related
—
Nov 12, 2013
—
Steven Kreutzer
—
Trustees Deed
related
$245,000 · Crystal Lake Bank & Trust Co
Jan 22, 2010
—
Steven Kreutzer
—
Trustees Deed
related
$200,000 · First Midwest Bank
—
—
Steven T Kreutzer
—
Deed Of Trust
related
$200,000 · Amcore Bank
—
—
Steve N Kruetzer
—
Deed Of Trust
related
$50,000 · First Midwest Bank
—
—
Steven Kreutzer
—
Loan Modification
related
$245,000 · Crystal Lake Bk&tr
—
—
Steven Kreutzer
—
Deed Of Trust
related
$200,000 · First Midwest Bank
—
—
Steven Kreutzer
—
Deed Of Trust
related
$130,000 · First Midwest Bank
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.
Try Rey
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