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Property profile & analytics
OFF-MARKET
Estimated value
$6,790,000
Commercial real estate
4 Overlook Pt, Lincolnshire, IL 60069-4337
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1754346
Property summary
AI-generated overview
This exceptional 31-acre office campus in Lincolnshire, Illinois, presents a unique redevelopment opportunity. The property, located at 4 Overlook Point, boasts 863,403 square feet of Class A office space across a six-story building, constructed in two phases (1998 and 1999). The site features ample parking with 3,103 spaces, strategically distributed across structured garages and surface lots. Currently fully occupied with leases expiring December 30, 2024, this property offers significant potential for investors and developers. Its prime location along Milwaukee Avenue (IL-Rt. 45), between Aptakisic Road and Half Day Road (IL-Rt. 22), provides exceptional visibility and accessibility, further enhanced by proximity to I-94. Situated in the affluent Lincolnshire community, known for its top-rated schools, this property benefits from a strong location within a highly desirable area, just 40 minutes from downtown Chicago. The permitted zoning is for office use, and the property's size and location present a rare opportunity for a wide range of redevelopment projects. The APN is 15-22-403-028 & 15-22-403-027. The property is currently served by two active tenants.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
18.4 ac (801,504 SF)
APN
15-22-403-028
UPID
US28-1754346
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
$7.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.79M
Owner & transaction history
Overlook Point Limited Partnership · 1 yrs held
Overlook Point Limited Partnership
since 2025
Last sale
$6.2M
3 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 Lincolnshire submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincolnshire 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
$7,610,000
ML approach
$7,260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.79M
Range $6.11M – $7.47M · ±10% · vs last sale $6.15M (Apr 2 2025)
Last sale anchor
$6.15M
Apr 2 2025
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
$1,012,493
Tax year 2023
Assessed value
$11,208,115
Assessed 2023
Previous assessed
$11,164,573
+0.4% YoY
Effective rate
9.03%
On assessed value
Assessed land
$1,852,523
Assessed improvement
$9,355,592
Land market value
$5,558,125
Improvement market value
$28,069,583
Total market value
$33,627,708
Applied tax rate
16,023.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
18.4 ac (801,504 SF)
APN
15-22-403-028
UPID
US28-1754346
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
18.4 ac
Current owner
From public records · entity-resolved
Overlook Point Limited Partnership
Entity
Mailing address
100 HALF DAY RD, LINCOLNSHIRE, IL 60069-3258
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2025
$6,150,000
Overlook Point Limited Partnership
Arc Aclshil001 LLC
Special Warranty Deed
—
Jun 8, 2005
$78,794,500
4 Overlook LLC
Hewitt Properties II LLC
Grant Deed
—
—
—
Arc Aclshil001 LLC
—
Deed Of Trust
related
$620,000,000 · German American Cap
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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