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Property profile & analytics
OFF-MARKET
Estimated value
$3,905,000
Industrial land
351 Oakwood Ave, Waukegan, IL 60085-3012
Individually Owned
~
Est. High Equity
Property ID
US28-0742216
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
0.62 ac (27,007 SF)
APN
08-19-113-004
UPID
US28-0742216
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
-
Jewel Grocery & Convenience Store Food Market
-
Lake County Sports Center Gym & Fitness Center Sports Field & Court
-
The Arches Banquet Hall Wedding Service
-
Urgent Dental Waukegan Dental Office
-
South Field Sports Field & Court Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.91M
Owner & transaction history
Lake Cnty Sports Ctr & Entertainmen
Lake Cnty Sports Ctr & Entertainmen
since 2025
Last sale
$3.8M
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
Method
Estimation
Statistic approach
$3,995,000
ML approach
$4,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.91M
Range $3.51M – $4.30M · ±10% · vs last sale $3.80M (Apr 13 2022)
Last sale anchor
$3.80M
Apr 13 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
$2,410
Tax year 2023
Assessed value
$25,879
Assessed 2023
Previous assessed
$24,647
+5.0% YoY
Effective rate
9.31%
On assessed value
Assessed land
$25,879
Land market value
$77,645
Total market value
$77,645
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
0.62 ac (27,007 SF)
APN
08-19-113-004
UPID
US28-0742216
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
0.62 ac
Current owner
From public records · entity-resolved
Lake Cnty Sports Ctr & Entertainmen
Individual
Mailing address
12314 W MAWMAN AVE, BEACH PARK, IL 60087-2006
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2025
—
Lake County Sports Center And Enter
—
Deed
related
$1,663,000 · Small Business Growth Corporation
Sep 8, 2025
—
Lake Cnty Sports Ctr & Entertainmen
—
Deed
related
$1,625,000 · Old National Bank
Aug 14, 2025
—
Lake Cnty Sports Ctr & Entertainmen
Lake County Ice Sports & Fitness Ct
Deed
related
—
Apr 13, 2022
$3,800,000
Lake Cnty Sport Ctr & Entertainment
Lake County Ice Sports Fitness Ctr
Warranty Deed
$3,230,000 · Byline Bank
Mar 9, 2021
—
Lake County Ice Sports & Fitness Ct
—
Deed
related
$3,600,000 · Itasca Bank & Trust Co
Aug 13, 2018
—
Lake Cnty Ice Sports & Fitness
—
Grant Deed
related
$2,695,000 · Huntington Nat'l Bk
May 11, 2012
—
Lake County Ice Sports & Fitness Ce
Chicago Title Land Trust Company
Deed
$1,530,250 · The Privatebank & Trust Co
Jul 18, 2001
—
Bank Of Waukegan Trustee
—
Deed Of Trust
related
$2,200,000 · Bank Of Waukegan
Nov 14, 2000
—
Bank Of Waukegan Trustee
—
Deed Of Trust
related
$1,980,000 · Bank Of Waukegan
Jul 6, 1998
$140,000
Bank Of Waukegan Ttee
Grand Premier Tr & Inv NA Ttee
Grant Deed
related
—
—
—
Trust 204279
—
Deed Of Trust
related
$250,000 · Norstates 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.
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