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Property profile & analytics
OFF-MARKET
Estimated value
$1,530,000
Commercial land
634 Milwaukee Ave, Vernon Hills, IL 60061-3192
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-2423236
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
5.33 ac (232,175 SF)
APN
15-10-300-003
UPID
US28-2423236
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
$1.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.53M
Owner & transaction history
Cp Logistics Forge LLC · 4 yrs held
Cp Logistics Forge LLC
since 2022
Last sale
$1.5M
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 Vernon Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vernon 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
$1,595,000
ML approach
$1,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.53M
Range $1.38M – $1.68M · ±10% · vs last sale $1.50M (Mar 9 2022)
Last sale anchor
$1.50M
Mar 9 2022
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
—
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
Assessed value
$2,667,458
Assessed 2023
Previous assessed
$112,736
+2,266.1% YoY
Assessed land
$413,253
Assessed improvement
$2,254,205
Land market value
$1,239,883
Improvement market value
$6,763,291
Total market value
$8,003,174
Applied tax rate
16,069.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
5.33 ac (232,175 SF)
APN
15-10-300-003
UPID
US28-2423236
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
Heating
NONE
Lot
5.33 ac
Current owner
From public records · entity-resolved
Cp Logistics Forge LLC
Entity
Mailing address
8775 FOLSOM BLVD STE #200, SACRAMENTO, CA 95826-3725
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2022
$1,500,000
Cp Logistics Forge LLC
Forge Properties Ltd
Warranty Deed
—
Mar 9, 2022
—
Cp Logistics Force LLC
Force Properties Ltd
Quit Claim Deed
related
—
Sep 8, 2020
—
Forge Properties Ltd
—
Deed
related
$1,304,015 · Lake Forest Bk&tr
Apr 2, 2019
—
Forge Properties Ltd
—
Deed
related
$1,304,015 · Lake Forest Bk&tr
Sep 28, 2017
—
Forge Properties Ltd
—
Deed
related
$1,245,521 · Lake Forest Bk&tr
Feb 23, 2017
—
Forge Properties Ltd
—
Deed
related
$1,245,521 · Lake Forest Bk&tr
Oct 18, 2016
—
Forge Properties Ltd
—
Deed
related
$1,304,015 · Lake Forest Bk&tr
Dec 14, 2015
$1,600,000
Jacobs Companies LLC
Forge Properties Ltd
Dual Purpose Document
related
$1,575,000 · Forge Properties Ltd
Feb 3, 2010
—
Forge Properties Ltd
—
Trustees Deed
related
$250,000 · Lake Forest Bank & Trust Co
Apr 16, 2007
—
Forge Properties Ltd
—
Trustees Deed
related
$250,000 · Lake Forest Bank & Trust Co
—
—
Forge Properties Ltd
—
Loan Modification
related
$1,304,015 · Lake Forest Bk&tr
—
—
Forge Properties Ltd
—
Deed Of Trust
related
$1,181,000 · Lake Forest Bank & Trust Co
—
—
Forge Properties Ltd
—
Loan Modification
related
$1,304,015 · Lake Forest Bk&tr
—
—
Forge Properties Ltd
—
Deed Of Trust
related
$1,000,000 · Lake Forest Bank & Trust Co
—
—
Forge Properties Ltd
—
Loan Modification
related
$1,245,521 · Lake Forest Bk&tr
—
—
Forge Properties Ltd
—
Loan Modification
related
$1,304,015 · Lake Forest Bk&tr
—
—
Forge Properties Ltd
—
Loan Modification
related
$1,245,521 · Lake Forest Bk&tr
—
—
Forge Properties Ltd
—
Loan Modification
related
$1,304,015 · Lake Forest Bk&tr
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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