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Property profile & analytics
OFF-MARKET
Estimated value
$1,385,000
Retail space
4200 Il Rte 173 Zion, IL 60099-4086
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US28-5781878
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
STEEL FRAME
Total area
16,320 SF
Lot
3.25 ac (141,570 SF)
APN
04-18-208-002
UPID
US28-5781878
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
$1.05M
Blend (final)
Blend
$1.39M
Owner & transaction history
4200 W SR 173 LLC · 10 yrs held
4200 W SR 173 LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+107.5%
Commercial (general)
$2.0M
+105.3%
Apartment house (5+ units)
$1.8M
+91.9%
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 Zion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Zion 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
RETAIL STORES
$950,000
Current use
OFFICE BUILDING
$1,975,000
Change: +107% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,955,000
Change: +105% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,825,000
Change: +92% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,380,000
Change: +45% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,260,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$1.39M
Range $1.25M – $1.52M · ±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
$85 / 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
$49,107
Tax year 2023
Assessed value
$381,606
Assessed 2023
Previous assessed
$376,374
+1.4% YoY
Effective rate
12.87%
On assessed value
Assessed land
$95,777
Assessed improvement
$285,829
Land market value
$287,360
Improvement market value
$857,573
Total market value
$1,144,933
Applied tax rate
2,035.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Total area
16,320 SF
Lot
3.25 ac (141,570 SF)
APN
04-18-208-002
UPID
US28-5781878
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
RETAIL STORES Current
Est. value
$950,000
OFFICE BUILDING
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
2001
Construction
STEEL FRAME
Heating
NONE
Lot
3.25 ac
Current owner
From public records · entity-resolved
4200 W SR 173 LLC
Entity
Mailing address
2241 W HOWARD ST, CHICAGO, IL 60645-1908
Ownership since
2016
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
May 7, 2024
—
4200 W SR 173 LLC
—
Deed
related
$4,462,342 · Parkway Bank & Trust Co
Apr 7, 2016
$1,100,000
4200 W SR 173 LLC
Zion IV LLC
Special Warranty Deed
$825,000 · Parkway Bank & Trust Co
Nov 28, 2006
$2,700,000
Zion IV LLC
Trust 2000-117
Grant Deed
—
Apr 6, 2004
—
State Bank Of The Lakes Ttee
—
Deed Of Trust
related
$1,320,000 · State Bank Of The Lakes
—
—
Zion IV LLC
—
Deed Of Trust
related
$1,250,000 · Tcf National Bank
—
—
Zion IV LLC
—
Loan Modification
related
$601,471 · Tcf National Bank
—
—
Zion IV LLC
—
Deed Of Trust
related
$643,000 · Tcf National Bank
—
—
Zion IV LLC
—
Deed Of Trust
related
$626,922 · Tcf National 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.
Try Rey
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