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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Retail space
483 Il Rte 173 Antioch, IL 60002-9406
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US28-1503869
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
BRICK
Total area
6,545 SF
Lot
0.91 ac (39,596 SF)
APN
02-16-201-006
UPID
US28-1503869
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
$1.03M
Comparable Approach
Comparable
$865k
Blend (final)
Blend
$865k
Owner & transaction history
Panko Antioch II LLC · 18 yrs held
Panko Antioch II LLC
since 2007
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+103.9%
Auto repair, garage
$1.1M
+96.4%
Restaurant
$1.1M
+91.7%
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 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%
$1,115,000
6.5%
$1,030,000
7%
$955,000
Alternative Use
Use
Estimation
RETAIL STORES
$585,000
Current use
COMMERCIAL (GENERAL)
$1,190,000
Change: +104% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,145,000
Change: +96% · Conversion: Difficult
RESTAURANT
$1,115,000
Change: +92% · Conversion: Easy
OFFICE BUILDING
$790,000
Change: +36% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$735,000
Change: +26% · Conversion: Difficult
WAREHOUSE, STORAGE
$555,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$132 / 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
$44,282
Tax year 2023
Assessed value
$408,392
Assessed 2023
Previous assessed
$394,251
+3.6% YoY
Effective rate
10.84%
On assessed value
Assessed land
$132,115
Assessed improvement
$276,277
Land market value
$396,385
Improvement market value
$828,914
Total market value
$1,225,299
Applied tax rate
4,034.0000
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
2007
Construction
BRICK
Heating
NONE
Total area
6,545 SF
Lot
0.91 ac (39,596 SF)
APN
02-16-201-006
UPID
US28-1503869
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
$585,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
OFFICE BUILDING
Est. value
$790,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$735,000
WAREHOUSE, STORAGE
Est. value
$555,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
2007
Construction
BRICK
Heating
NONE
Lot
0.91 ac
Current owner
From public records · entity-resolved
Panko Antioch II LLC
Entity
Mailing address
449 N CLARK ST STE #400, CHICAGO, IL 60654-4500
Ownership since
2007
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 14, 2007
—
Panko Antioch II LLC
V Land Antioch II LLC
Grant Deed
—
Dec 14, 2007
$271,623
Sotos Antioch II LLC
Panko Antioch II LLC
Quit Claim Deed
related
—
Dec 14, 2007
$489,492
Raimo Antioch II LLC
Panko Antioch II LLC
Quit Claim Deed
related
—
—
—
V Land Antioch II LLC
—
Deed Of Trust
related
$1,650,000 · Mb Financial Bank NA
—
—
V Land Antioch II LLC
—
Loan Modification
related
—
—
—
V Land Antioch II LLC
—
Deed Of Trust
related
$1,650,000 · Mb Financial Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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