Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3540 Amhurst Pkwy Waukegan, IL 60085

    • Warehouses
    • 2,156 SF
    • 6.83 lot acres
    For Lease
    View listing
    Value Estimations
    $510,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-1324262
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 3540 Amhurst Pkwy

    Year built
    1998
    Construction
    BRICK
    Lot size
    6.83 lot acres
    Property size
    2,156 SF
    Property type
    Warehouses
    APN
    07-36-407-063
    APU
    736407063

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $585,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $551,000
      Market price range: $135k - $795k
      AI Estimate
      $393,000
      Market price range: $76.9k - $393k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $375,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8893
    Latitude
    42.3276
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $277,422
    $522,343
    $1,792,833
    $2,315,176
    -
    $1,567,186
    $5,379,037
    $6,946,223

    Comparable in this City

    • Value Estimation
      $640,000
      10.91 Acres

      3648 Bur Wood Dr

      WAREHOUSE, STORAGE • 10.91 Acres
      3648 Bur Wood Dr, Waukegan, IL 60085
      View Details
    • Value Estimation
      $700,000
      8,985 SF

      935 Commonwealth Ave

      WAREHOUSE, STORAGE • 8,985 SF
      935 Commonwealth Ave, Waukegan, IL 60085-7202
      View Details
    • Value Estimation by Request
      1,690 SF

      3979 Bur Wood Dr

      WAREHOUSE, STORAGE • 1,690 SF
      3979 Bur Wood Dr, Waukegan, IL 60085-8000
      View Details
    • Value Estimation by Request
      3,766 SF

      3940 Lakeside Dr

      WAREHOUSE, STORAGE • 3,766 SF
      3940 Lakeside Dr, Waukegan, IL 60085-8002
      View Details
    • Value Estimation
      $9,480,000
      48,000 SF

      700 Chestnut Ave

      WAREHOUSE, STORAGE • 48,000 SF
      700 Chestnut Ave, Park City, IL 60085-6808
      View Details
    • Value Estimation
      $560,000
      5,850 SF

      25 Le Baron St

      WAREHOUSE, STORAGE • 5,850 SF
      25 Le Baron St, Waukegan, IL 60085-3045
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      40,504 SF

      Flex Space in Amhurst Lake

      Flex space in Amhurst Lake Business Park for sale.
      1501-1531 White Oak Dr, Waukegan, IL 60085
      View Details
    • Contact for pricing
      59,250 SF

      Flex Units with Loading Docks

      Flex space with loading docks in Amhurst Lake Business Park.
      1580-1598 S Lakeside Dr, Waukegan, IL 60085
      View Details
    • $957,000
      3.12 Acres

      Waukegan Commercial Land - $957K

      3.12-acre commercial lot, prime location.
      3680 Casimer Pulaski Dr, Waukegan, IL 60085
      View Details
    • $495,000
      3,680 SF

      Waukegan Restaurant - Turnkey Opportunity

      Established Restaurant, Prime Location, 36 Parking Spaces
      226 Sheridan Rd, Waukegan, IL 60085
      View Details
    • $999,500

      Prime Land Near American Place Casino

      Undeveloped land suitable for high-end commercial development near future casino.
      601 Lakehurst Rd, Waukegan, IL 60085
      View Details
    • Contact for pricing

      Residential Land Near Lakefront

      Vacant lot near lakefront and bike path in Waukegan.
      420 Oak St, Waukegan, IL 60085
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,273 SF

      Waukegan Industrial Space For Lease

      Industrial spaces available for lease near I-94 and Route 137.
      1475 S Lakeside Dr, Waukegan, IL 60085
      View Details
    • Contact for pricing
      7,500 SF

      Waukegan Warehouse with Office Space

      7,500 SF warehouse with 2,070 SF office space.
      875-895 South Northpoint Blvd, Waukegan, IL 60085
      View Details
    • Contact for pricing
      11,400 SF

      Waukegan Warehouse with Immediate I-94 Access

      11,400 SF warehouse with convenient highway access and office space.
      953-977 Northpoint Blvd, Waukegan, IL 60085
      View Details
    • $11 SF/Yr
      5,000 SF

      Waukegan Flex Space Available

      5,000 SF flex space with offices available Q2 2025.
      3232 W Monroe St, Waukegan, IL 60085
      View Details
    • Contact for pricing
      48,372 SF

      Waukegan Industrial Space for Lease

      Industrial space available for lease in Waukegan, Illinois.
      3600-3648 Burwood Dr, Waukegan, IL 60085
      View Details
    • Contact for pricing
      6,240 SF

      Waukegan Warehouse Space Available

      6,240 SF warehouse space for lease in Waukegan, IL.
      1000-1036 Northpoint Blvd, Waukegan, IL 60085
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3540 Amhurst Pkwy
    Waukegan, IL 60085
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.