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Property profile & analytics
FOR SALE
Motels
511 W Rockland Rd, Lake Bluff, IL 60044
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US28-1753220
For Sale
1 / 38
$1,500,000
511 W Rockland Rd, Lake Bluff, IL 60044
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1960
Construction
BRICK
Total area
5,729 SF
Lot
0.5 ac (21,919 SF)
APN
12-19-206-014
UPID
US28-1753220
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
$390k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$568k
Blend (final)
Blend
$580k
Owner & transaction history
Sachi Suta INC · 24 yrs held
Sachi Suta INC
since 2002
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$775,000
+105.2%
Restaurant
$660,000
+74.3%
Medical building
$490,000
+29.4%
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 Bluff submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Bluff 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
$390,000
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$550,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$380,000
Current use
COMMERCIAL (GENERAL)
$775,000
Change: +105% · Conversion: Difficult
RESTAURANT
$660,000
Change: +74% · Conversion: Difficult
MEDICAL BUILDING
$490,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$480,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$470,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$385,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$365,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$101 / 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
$11,801
Tax year 2023
Assessed value
$206,322
Assessed 2023
Previous assessed
$171,799
+20.1% YoY
Effective rate
5.72%
On assessed value
Assessed land
$130,461
Assessed improvement
$75,861
Land market value
$391,422
Improvement market value
$227,606
Total market value
$619,028
Applied tax rate
10,029.0000
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
Motels
Use group
MOTEL
Status
For Sale
Year built
1960
Construction
BRICK
Heating
NONE
Total area
5,729 SF
Lot
0.5 ac (21,919 SF)
APN
12-19-206-014
UPID
US28-1753220
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
HOTEL/MOTEL Current
Est. value
$380,000
COMMERCIAL (GENERAL)
Est. value
$775,000
RESTAURANT
Est. value
$660,000
MEDICAL BUILDING
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$480,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$470,000
OFFICE BUILDING
Est. value
$385,000
WAREHOUSE, STORAGE
Est. value
$365,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1960
Construction
BRICK
Heating
NONE
Lot
0.5 ac
Current owner
From public records · entity-resolved
Sachi Suta INC
Entity
Mailing address
511 ROCKLAND RD, LAKE BLUFF, IL 60044-1724
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2002
$515,000
Sachi Suta INC
Lasalle Bank NA Trustee
Grant Deed
$386,250 · Bank Of Waukegan
—
—
Sachi Suta INC
—
Deed Of Trust
related
$388,250 · Bank Of Waukegan
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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