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Property profile & analytics
OFF-MARKET
Estimated value
$2,680,000
Industrial properties
3790 Sunset Ave, Waukegan, IL 60087-3212
Entity Owned
~
Est. High Equity
Property ID
US28-1918644
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2021
Construction
BRICK
Total area
16,824 SF
Lot
1.61 ac (70,132 SF)
APN
07-12-218-020
UPID
US28-1918644
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
-
Andisil Research And Product Development
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.68M
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$2.68M
Owner & transaction history
Hawthorne Court Il LLC
Hawthorne Court Il LLC
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.9M
+39.9%
Restaurant
$2.8M
+33.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,900,000
6.5%
$2,680,000
7%
$2,490,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,105,000
Current use
AUTO REPAIR, GARAGE
$2,940,000
Change: +40% · Conversion: Difficult
RESTAURANT
$2,805,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$1,895,000
Change: -10% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,885,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$2.68M
Range $2.41M – $2.95M · ±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
$159 / 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
$63,621
Tax year 2023
Assessed value
$524,886
Assessed 2023
Previous assessed
$509,598
+3.0% YoY
Effective rate
12.12%
On assessed value
Assessed land
$60,529
Assessed improvement
$464,357
Land market value
$181,605
Improvement market value
$1,393,210
Total market value
$1,574,815
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 properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2021
Construction
BRICK
Heating
NONE
Total area
16,824 SF
Lot
1.61 ac (70,132 SF)
APN
07-12-218-020
UPID
US28-1918644
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.9M
RESTAURANT
Est. value
$2.8M
RETAIL STORES
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2021
Construction
BRICK
Heating
NONE
Lot
1.61 ac
Current owner
From public records · entity-resolved
Hawthorne Court Il LLC
Entity
Mailing address
3790 SUNSET AVE, WAUKEGAN, IL 60087-3212
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2026
$1,358,500
Hawthorne Court Il LLC
Wittenshire LLC
Special Warranty Deed
$14,400,000 · Southern Michigan Bank & Trust
Jul 17, 2013
—
Wittenshire LLC
—
Trustees Deed
related
$1,795,390 · Fifth Third Bank
Feb 11, 2013
—
Wittenshire LLC
—
Deed Of Trust
related
$13,029,650 · Pnc Bank
Feb 6, 2012
—
Wittenshire LLC
—
Deed Of Trust
related
$11,064,000 · Pnc Bank
Oct 26, 2007
$885,000
Wittenshire LLC
Michael M Britt
Warranty Deed
$1,795,000 · National City Bank
Mar 2, 2006
$705,000
Michael M Britt
H & V Friend Investments
Warranty Deed
$650,000 · First National Bank
Oct 6, 2005
—
Marling Robert Trust
Marling,robert
Quit Claim Deed
related
—
Jan 24, 2005
$140,000
Robert Marling
Healy,janice
Warranty Deed
—
—
—
Wittenshire LLC
—
Deed Of Trust
related
$1,700,000 · Pnc Bank
—
—
Wittenshire LLC
—
Deed Of Trust
related
$718,000 · National City Bank
—
—
Wittenshire LLC
—
Deed Of Trust
related
$1,077,000 · National City Bank
—
—
Wittenshire LLC
—
Deed Of Trust
related
$740,000 · Lake County Ptshp/economic Dev
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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