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Property profile & analytics
OFF-MARKET
Estimated value
$13,945,000
Commercial land
675 Heathrow Dr, Lincolnshire, IL 60069-4206
Entity Owned
1-yr Hold
Free & Clear
Property ID
US28-1411969
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1 ac (43,611 SF)
APN
15-21-405-005
UPID
US28-1411969
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
$10.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.95M
Owner & transaction history
Realty Income U S Core Plus 3 LP · 1 yrs held
Realty Income U S Core Plus 3 LP
since 2025
Last sale
$14.4M
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 Lincolnshire submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincolnshire 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
$16,870,000
ML approach
$10,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.95M
Range $12.55M – $15.34M · ±10% · vs last sale $14.38M (Jan 30 2023)
Last sale anchor
$14.38M
Jan 30 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
—
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
$8,775
Tax year 2023
Assessed value
$93,034
Assessed 2023
Previous assessed
$92,673
+0.4% YoY
Effective rate
9.43%
On assessed value
Assessed land
$93,034
Land market value
$279,130
Total market value
$279,130
Applied tax rate
16,076.0000
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
1 ac (43,611 SF)
APN
15-21-405-005
UPID
US28-1411969
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
1 ac
Current owner
From public records · entity-resolved
Realty Income U S Core Plus 3 LP
Entity
Free & Clear · 1 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Ownership since
2025
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
Apr 23, 2025
—
Realty Income U S Core Plus 3 LP
Realty Income Illinois Properties 1
Special Warranty Deed
—
Jan 30, 2023
$14,383,580
Realty Income Illinois Properties I
Middleton Heathrow LLC
Special Warranty Deed
—
Mar 23, 2022
—
Middleton Heathrow LLC
—
Deed
related
$6,345,001 · Cibc Bank USA
Jan 11, 2022
$4,065,000
Middleton Heathrow LLC
675 Heathrow LLC
Special Warranty Deed
$6,345,001 · Cibc Bank USA
Aug 28, 2020
—
675 Heathrow LLC
Jrw 2012 LLC
Quit Claim Deed
related
—
Jan 27, 2015
—
Jrw 2002 LLC
Rmw Two LLC
Grant Deed
—
Jan 27, 2015
$183,479
Jrw 2012 LLC
Dkg Number Two LLC
Grant Deed
—
Jan 27, 2015
$91,740
Jrw 2012 LLC
Cog 2005 LLC
Grant Deed
—
Dec 5, 2014
—
Rmw Twelve LLC|jrw 2012 LLC Etal
Heathrow Partners LLC
Grant Deed
—
Sep 5, 2000
—
Heathrow Partners LLC
Lasalle Bank NA Trustee
Deed Of Trust
related
$1,252,000 · American Nat'l Bk & Tr Chicago
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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