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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Office buildings
40225 Il Rte 83, Antioch, IL 60002-1930
Trust Owned
11-yr Hold
~
Est. High Equity
Property ID
US28-2044271
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Construction
FRAME
Total area
5,304 SF
Lot
0.88 ac (38,333 SF)
APN
02-20-401-045
UPID
US28-2044271
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$684k
Blend (final)
Blend
$685k
Owner & transaction history
Trust 90-114 · 11 yrs held
Trust 90-114
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$960,000
+49.9%
Auto repair, garage
$925,000
+44.4%
Restaurant
$905,000
+41.0%
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 Antioch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Antioch 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$640,000
Current use
COMMERCIAL (GENERAL)
$960,000
Change: +50% · Conversion: Easy
AUTO REPAIR, GARAGE
$925,000
Change: +44% · Conversion: Difficult
RESTAURANT
$905,000
Change: +41% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$595,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$129 / 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
$15,086
Tax year 2023
Assessed value
$138,440
Assessed 2023
Previous assessed
$133,749
+3.5% YoY
Effective rate
10.90%
On assessed value
Assessed land
$26,102
Assessed improvement
$112,338
Land market value
$78,314
Improvement market value
$337,048
Total market value
$415,362
Applied tax rate
4,023.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1991
Construction
FRAME
Heating
NONE
Total area
5,304 SF
Lot
0.88 ac (38,333 SF)
APN
02-20-401-045
UPID
US28-2044271
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
OFFICE BUILDING Current
Est. value
$640,000
COMMERCIAL (GENERAL)
Est. value
$960,000
AUTO REPAIR, GARAGE
Est. value
$925,000
RESTAURANT
Est. value
$905,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$595,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
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
1991
Construction
FRAME
Heating
NONE
Lot
0.88 ac
Current owner
From public records · entity-resolved
Trust 90-114
Trust
Mailing address
17575 MAPLE TREE RD, GRAVOIS MILLS, MO 65037-4556
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2018
—
Chicago Trust Company NA
—
Deed
related
$15,000 · Heartland Bank & Trust Co
Aug 25, 2017
—
The Chicago Trust Co
—
Deed
related
$200,000 · Heartland Bank & Trust Co
May 7, 2015
—
Trust 90-114
Lacas Helmut & Janice M
Warranty Deed
—
—
—
Helmut Lacas
—
Deed Of Trust
related
—
—
—
Helmut Lacas
—
Deed Of Trust
related
$165,000 · First National Bank Emp Owned
—
—
Helmut Lacas
—
Loan Modification
related
$35,032 · American Midwest Bank
—
—
Helmut Lacas
—
Deed Of Trust
related
$26,500 · First National Bank
—
—
Helmut Lacas
—
Deed Of Trust
related
$78,536 · Americaunited Bk & Tr Co USA
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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