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Property profile & analytics
FOR SALE
Commercial land
405 Sycamore Rd, Genoa, IL 60135
Entity Owned
5-yr Hold
Free & Clear
Property ID
US28-3303104
For Sale
1 / 2
$575,000
405 Sycamore Rd, Genoa, IL 60135
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Property summary
AI-generated overview
This exceptional 2.64-acre commercial land parcel presents a remarkable opportunity for development in Genoa, Illinois. Conveniently situated on Sycamore Road (Rt. 23), the property boasts easy access and high visibility. Zoned SC-Suburban Commercial within the City of Genoa, this site is ideally suited for a variety of commercial uses. The property includes two parcels, with PINs 03-29-300-023 and 03-30-400-023, and benefits from existing utilities. Access is available from both Sycamore Road and S. Hadsall Street, providing multiple ingress/egress points. The property is located within the DeKalb County Enterprise Zone, potentially offering economic incentives. 2021 taxes (payable 2022) totaled $7,739.44 for one parcel and $4,014.48 for the other. The sale price is subject to offer. This is a truly exceptional opportunity to acquire a well-positioned commercial site in a thriving community. Don't miss out on this chance to build your vision.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.83 ac (79,715 SF)
APN
03-29-300-023
UPID
US28-3303104
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
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
May Industries LLC · 5 yrs held
May Industries LLC
since 2020
Last sale
$574,500
6 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 Genoa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Genoa 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
$645,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $575k (Dec 31 2020)
Last sale anchor
$575k
Dec 31 2020
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
$3,477
Tax year 2023
Assessed value
$36,665
Assessed 2023
Previous assessed
$36,665
+0.0% YoY
Effective rate
9.48%
On assessed value
Assessed land
$36,665
Land market value
$109,995
Total market value
$109,995
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Heating
NONE
Lot
1.83 ac (79,715 SF)
APN
03-29-300-023
UPID
US28-3303104
Jurisdiction
DE KALB
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL 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
1.83 ac
Current owner
From public records · entity-resolved
May Industries LLC
Entity
Free & Clear · 5 yrs held
Mailing address
318 TORRINGTON DR, BLOOMINGDALE, IL 60108-3005
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2020
—
May Industries LLC
Golden Eagle Bancorp INC
Warranty Deed
related
—
Jan 14, 2015
$540,000
Golden Eagle Bancorp INC
Shamrock Health & Fitness Co
Warranty Deed
related
—
Apr 19, 2010
—
Alpine Bk & Trust Co
Prairie Ridge Pointe Ctr LLC
Quit Claim Deed
related
—
Jun 4, 2007
$574,500
Shamrock Health & Fitness Co
Vista Good Earth LLC
Warranty Deed
$575,000 · M & I Marshall & Isley Bank
—
—
Shamrock Health & Fitness Co
—
Deed Of Trust
related
$375,000 · Prairie Community Bank
—
—
Shamrock Health & Fitness Co
—
Deed Of Trust
related
$2,200,000 · Prairie Cmnty Bk
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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