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Property profile & analytics
OFF-MARKET
Outlet malls
400 Rollins Rd, Round Lake Beach, IL 60073-1334
Entity Owned
~
Est. High Equity
Property ID
US28-1604694
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1995
Construction
BRICK
Total area
2,058 SF
Lot
17.2 ac (749,232 SF)
APN
06-16-102-001
UPID
US28-1604694
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Target Corporation
Target Corporation
since 2026
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 Round Lake Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Round Lake Beach 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$151,624
Tax year 2023
Assessed value
$1,549,268
Assessed 2023
Previous assessed
$1,525,767
+1.5% YoY
Effective rate
9.79%
On assessed value
Assessed land
$490,795
Assessed improvement
$1,058,473
Land market value
$1,472,532
Improvement market value
$3,175,737
Total market value
$4,648,269
Applied tax rate
7,006.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1995
Construction
BRICK
Heating
NONE
Total area
2,058 SF
Lot
17.2 ac (749,232 SF)
APN
06-16-102-001
UPID
US28-1604694
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
Year built
1995
Construction
BRICK
Heating
NONE
Lot
17.2 ac
Current owner
From public records · entity-resolved
Target Corporation
Entity
Mailing address
5407 TRILLIUM BLVDB120, HOFFMAN ESTATES, IL 60192-3413
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2026
$7,000,000
Target Corporation
Tf Round Lake Beach Il LLC
Special Warranty Deed
—
Jan 12, 2026
—
Tf Round Lake Beach Il LLC
—
Deed
related
$375,000,000 · Ubs Ag Tampa Branch
Oct 26, 2023
—
Tf Round Lake Beach Il LLC
—
Deed
related
—
Sep 20, 2022
—
Tf Round Lake Beach Il LLC
—
Deed
related
$460,000,000 · Ubs Ag Tampa Branch
Jan 26, 2022
—
Tf Round Lake Beach Il LLC
—
Deed
related
$460,000,000 · Ubs Ag Tampa Branch
Apr 25, 2019
—
Tf Round Lake Beach Il LLC
—
Grant Deed
related
$800,000,000 · Hps Inv Ptrs LLC
Feb 27, 2019
—
Tf Round Lake Beach Il LLC
K Mart Corp
Quit Claim Deed
related
$325,000,000 · Jpp LLC
Sep 13, 2018
—
K Mart Corp
—
Deed
related
—
May 6, 2003
—
Kmart Corp
—
Deed Of Trust
related
$460,000,000 · William Kaye Trustee
—
—
K Mart Corp
—
Deed Of Trust
related
—
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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