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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Bars & Pubs
38905 Us Hwy 41, Wadsworth, IL 60083-9652
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-5242653
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1965
Construction
BRICK
Total area
6,169 SF
Lot
1 ac (43,560 SF)
APN
03-34-100-007
UPID
US28-5242653
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
$895k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$658k
Blend (final)
Blend
$755k
Owner & transaction history
Dylan Paros LLC · 4 yrs held
Dylan Paros LLC
since 2021
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+3.8%
Auto repair, garage
$1.1M
+2.5%
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
$855,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,050,000
Current use
COMMERCIAL (GENERAL)
$1,090,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,080,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $750k (Oct 1 2021)
Last sale anchor
$750k
Oct 1 2021
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
$122 / 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
$19,532
Tax year 2023
Assessed value
$193,609
Assessed 2023
Previous assessed
$163,335
+18.5% YoY
Effective rate
10.09%
On assessed value
Assessed land
$23,433
Assessed improvement
$170,176
Land market value
$70,306
Improvement market value
$510,579
Total market value
$580,885
Applied tax rate
3,005.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1965
Construction
BRICK
Heating
NONE
Total area
6,169 SF
Lot
1 ac (43,560 SF)
APN
03-34-100-007
UPID
US28-5242653
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
RESTAURANT Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RESTAURANT Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1965
Construction
BRICK
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Dylan Paros LLC
Entity
Mailing address
38905 N US HWY 41, WADSWORTH, IL 60083-9652
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2021
—
Dylan Paros LLC
—
Deed
related
$750,000 · Lyra & Family INC
Oct 1, 2021
$750,000
Dylan Paros LLC
Gaines Partners Limited
Warranty Deed
—
Apr 11, 2019
$500,000
Gaines Partners Limited
Mary K Bennett Trust
Warranty Deed
$350,000 · Northside Community Bank
Jul 31, 2009
—
Bennett Mary K Trust
—
Trustees Deed
related
$200,000 · Norstates Bank
May 14, 2008
—
Bennett Mary K Trust
Bennett,mary
Quit Claim Deed
related
—
Mar 24, 2008
$430,000
Mary Bennett
Trust 2838
Grant Deed
$322,500 · Norstates Bank
—
—
Bennett,mary K Trust
—
Deed Of Trust
related
$473,090 · 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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