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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Industrial properties
470 Jennings Dr, Lake In The Hills, IL 60156-1672
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-1601376
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1998
Total area
13,325 SF
Lot
1.07 ac (46,609 SF)
APN
19-08-478-004
UPID
US28-1601376
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
$905k
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$935k
Owner & transaction history
470 Jennings Drive LLC · 2 yrs held
470 Jennings Drive LLC
since 2023
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+31.7%
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 Lake In The Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake In The Hills 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
$1,150,000
ML approach
$905,000
CAP Approach
CAP Return
Estimation
6%
$955,000
6.5%
$880,000
7%
$820,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,100,000
Current use
COMMERCIAL (GENERAL)
$1,445,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $950k (Dec 7 2023)
Last sale anchor
$950k
Dec 7 2023
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
$70 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$27,745
Tax year 2022
Assessed value
$267,213
Assessed 2022
Previous assessed
$267,213
+0.0% YoY
Effective rate
10.38%
On assessed value
Assessed land
$52,329
Assessed improvement
$214,884
Land market value
$156,987
Improvement market value
$644,652
Total market value
$801,639
Applied tax rate
19,046.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1998
Heating
NONE
Stories
1
Total area
13,325 SF
Lot
1.07 ac (46,609 SF)
APN
19-08-478-004
UPID
US28-1601376
Jurisdiction
MCHENRY
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (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
1998
Heating
NONE
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
470 Jennings Drive LLC
Entity
Mailing address
2450 DELTAILIIFE ELK GRV VLG, ELK GROVE VILLAGE, IL 60007
Ownership since
2023
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
Dec 7, 2023
$950,000
470 Jennings Drive LLC
470 Jennings LLC
Special Warranty Deed
—
Nov 8, 2018
—
470 Jennigns LLC
—
Deed
related
$10,000 · West Suburban Bank
Jul 7, 2017
—
470 Jennings LLC
—
Deed
related
$551,773 · The First National Bank Of Ottawa
Apr 2, 2012
—
470 Jennings LLC
Riggsby Rental Of Riggsby Family
Grant Deed
$615,000 · West Suburban Bank
Feb 15, 2008
—
Riggsby Rental Of Riggsby Fam LLC
Riggsby,mark W & Joann
Quit Claim Deed
related
—
—
—
Mark W Riggsby
—
Deed Of Trust
related
$547,508 · Harris Bank Huntley
—
—
Mark W Riggsby
—
Deed Of Trust
related
$450,000 · Harris Bank Huntley
—
—
Mark W Riggsby
—
Deed Of Trust
related
$560,000 · Crystal Lake Bank & Trust Co
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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