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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Medical Office Space
38028 Dilleys Rd, Wadsworth, IL 60083-9109
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US28-1311144
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1998
Construction
FRAME
Total area
8,225 SF
Lot
8.68 ac (378,144 SF)
APN
03-33-400-016
UPID
US28-1311144
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
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$756k
Blend (final)
Blend
$605k
Owner & transaction history
John R Hanover · 8 yrs held
John R Hanover
since 2018
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 Wadsworth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wadsworth 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
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$700,000
Current use
AUTO REPAIR, GARAGE
$690,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$635,000
Change: -10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$630,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$74 / 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
$43,034
Tax year 2023
Assessed value
$397,012
Assessed 2023
Previous assessed
$360,280
+10.2% YoY
Effective rate
10.84%
On assessed value
Assessed land
$25,773
Assessed improvement
$371,239
Land market value
$77,327
Improvement market value
$1,113,828
Total market value
$1,191,155
Applied tax rate
3,007.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
NONE
Total area
8,225 SF
Lot
8.68 ac (378,144 SF)
APN
03-33-400-016
UPID
US28-1311144
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
MEDICAL BUILDING Current
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$690,000
RETAIL STORES
Est. value
$635,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$630,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
1998
Construction
FRAME
Heating
NONE
Lot
8.68 ac
Current owner
From public records · entity-resolved
John R Hanover
Individual
Mailing address
38028 N DILLEYS RD, WADSWORTH, IL 60083-9109
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Feb 13, 2018
—
John R Hanover
—
Deed
related
$9,741 · Consumers Cooperative Cu
Mar 26, 2004
—
John R Hanover
—
Deed Of Trust
related
$1,644,000 · Amcore Bank
—
—
John R Hanover
—
Deed Of Trust
related
$75,000 · North Community Bank & Trust
—
—
John R Hanover
—
Deed Of Trust
related
$40,000 · North Shore Community Bank
—
—
John R Hanover
—
Deed Of Trust
related
$1,400,000 · Consumers Cooperative Cu
—
—
John R Hanover
—
Deed Of Trust
related
$66,000 · Amcore Bank
—
—
John R Hanover
—
Deed Of Trust
related
$134,133 · Amcore Bank
—
—
John R Hanover
—
Loan Modification
related
$9,741 · Consumers Cooperative Cu
—
—
John R Hanover
—
Deed Of Trust
related
$1,329,600 · Consumers Cooperative Cu
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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