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Property profile & analytics
OFF-MARKET
Office buildings
609 Greenwood Ave, Waukegan, IL 60087-5000
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1045843
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1959
Construction
BRICK
Total area
6,996 SF
Lot
0.4 ac (17,433 SF)
APN
08-16-103-018
UPID
US28-1045843
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
Current use
Occupant on record · Public records
-
Greenwood Dental Care Dental Office
-
Reddy Daram H MD Physician
-
Regal Roofing Roofing Company General Contractor
-
Expressions Inc Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
M & M Series LLC · 1 yrs held
M & M Series LLC
since 2024
Last sale
$350,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Waukegan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waukegan 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,708
Tax year 2023
Assessed value
$126,369
Assessed 2023
Previous assessed
$126,369
+0.0% YoY
Effective rate
10.06%
On assessed value
Assessed land
$30,256
Assessed improvement
$96,113
Land market value
$90,777
Improvement market value
$288,368
Total market value
$379,145
Applied tax rate
9,012.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1959
Construction
BRICK
Heating
NONE
Total area
6,996 SF
Lot
0.4 ac (17,433 SF)
APN
08-16-103-018
UPID
US28-1045843
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
Building & site characteristics
From public records
Year built
1959
Construction
BRICK
Heating
NONE
Lot
0.4 ac
Current owner
From public records · entity-resolved
M & M Series LLC
Entity
Mailing address
17161 W BRIDLE TRL RD, GURNEE, IL 60031-1658
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
$350,000
M & M Series LLC
Ruben Hernandez Cruz
Warranty Deed
$250,000 · Ruben Cruz
Nov 21, 2022
$350,000
Ruben Hernandez Cruz
Jn Woolley Living Trust
Warranty Deed
—
Jul 17, 2020
—
Woolley,jn Living Trust
John P Woolley
Quit Claim Deed
related
—
Aug 24, 2017
—
John P Woolley
—
Deed
related
$419,340 · Libertyville Bk
Aug 4, 2000
$550,000
Woolley,john P & Nancy C
Greenwood Properties
Trustees Deed
$412,500 · Individual
Aug 4, 2000
$666,500
Greenwood Properties
Johnson,robert A
Trustees Deed
—
—
—
John P Woolley
—
Deed Of Trust
related
$304,999 · First Midwest Bank
—
—
Woolley,nancy C
—
Deed Of Trust
related
$100,000 · Fifth Third Bank
—
—
John P Woolley
—
Deed Of Trust
related
$500,000 · First Midwest Bank
—
—
John P Wooley
—
Deed Of Trust
related
$409,728 · Fifth Third Bank Chicago
—
—
John P Woolley
—
Deed Of Trust
related
$400,000 · Fifth Third Bank Chicago
—
—
John P Woolley
—
Deed Of Trust
related
$419,340 · Libertyville Bk
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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