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Property profile & analytics
OFF-MARKET
Estimated value
$2,325,000
Auto shops
474 Il Rte 173, Antioch, IL 60002-7265
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-2192723
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2006
Construction
BRICK
Total area
11,865 SF
Lot
8.82 ac (384,199 SF)
APN
02-16-400-013
UPID
US28-2192723
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
$2.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.48M
Blend (final)
Blend
$2.33M
Owner & transaction history
Leeds West Property Group LLC · 2 yrs held
Leeds West Property Group LLC
since 2023
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+3.8%
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
$2,485,000
ML approach
$2,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,075,000
Current use
COMMERCIAL (GENERAL)
$2,155,000
Change: +4% · Conversion: Moderate
RESTAURANT
$2,025,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$2.33M
Range $2.09M – $2.56M · ±10% · vs last sale $2.12M (Dec 6 2023)
Last sale anchor
$2.12M
Dec 6 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
$196 / 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
$52,855
Tax year 2023
Assessed value
$499,131
Assessed 2023
Previous assessed
$467,278
+6.8% YoY
Effective rate
10.59%
On assessed value
Assessed land
$29,587
Assessed improvement
$469,544
Land market value
$88,770
Improvement market value
$1,408,773
Total market value
$1,497,543
Applied tax rate
4,033.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2006
Construction
BRICK
Heating
NONE
Buildings
2
Units
1
Total area
11,865 SF
Lot
8.82 ac (384,199 SF)
APN
02-16-400-013
UPID
US28-2192723
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
AUTO REPAIR, GARAGE Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
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
2006
Construction
BRICK
Heating
NONE
Buildings
2
Units
1
Lot
8.82 ac
Current owner
From public records · entity-resolved
Leeds West Property Group LLC
Entity
Mailing address
7450 E PROGRESS PL, GREENWOOD VILLAGE, CO 80111-2108
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2023
$2,120,000
Leeds West Property Group LLC
P&j Property Holding LLC
Special Warranty Deed
$1,696,000 · Blackhawk Bank & Trust
Dec 11, 2020
—
P & J Property Holding LLC
—
Deed
related
$1,553,348 · Bankchampaign
Aug 27, 2015
$2,195,000
P & J Property Holding LLC
Three Peaks Investment LLC
Warranty Deed
$1,756,000 · Bankchampaign NA
Jan 19, 2007
—
Three Peaks Investment LLC
—
Trustees Deed
related
$1,800,000 · First Midwest Bank
Sep 21, 2006
—
Three Peaks Investment LLC
Lavelle,anthony
Quit Claim Deed
related
—
Sep 30, 2004
$410,100
Anthony Lavelle
Vasek Martin S Trust
Grant Deed
$369,000 · State Financial Bank
Aug 18, 2000
—
Martin S Vasek
Vasek Trust
Quit Claim Deed
related
$150,000 · First National Bank Emp Owned
—
—
Three Peaks Investment LLC
—
Deed Of Trust
related
$2,164,000 · First Midwest Bank
—
—
Three Peaks Inv LLC
—
Deed Of Trust
related
$320,000 · First Midwest Bank
—
—
P & J Property Holding LLC
—
Loan Modification
related
$1,553,348 · Bankchampaign
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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