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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Commercial land
79 Park Pl, Libertyville, IL 60048
Entity Owned
4-yr Hold
Free & Clear
Property ID
US28-1664561
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.29 ac (12,632 SF)
APN
11-20-200-005
UPID
US28-1664561
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
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.02M
Owner & transaction history
Park Avenue Real Estate LLC · 4 yrs held
Park Avenue Real Estate LLC
since 2022
Last sale
$985,000
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 Libertyville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Libertyville 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
$1,045,000
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10% · vs last sale $985k (Mar 7 2022)
Last sale anchor
$985k
Mar 7 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
Tax billed
$4,079
Tax year 2023
Assessed value
$53,069
Assessed 2023
Previous assessed
$51,008
+4.0% YoY
Effective rate
7.69%
On assessed value
Assessed land
$53,069
Land market value
$159,223
Total market value
$159,223
Applied tax rate
11,038.0000
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
0.29 ac (12,632 SF)
APN
11-20-200-005
UPID
US28-1664561
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
0.29 ac
Current owner
From public records · entity-resolved
Park Avenue Real Estate LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1180 HEATHER DR, LAKE ZURICH, IL 60047-6707
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2022
$985,000
Park Avenue Real Estate LLC
Ali Amir Khoja
Special Warranty Deed
—
Nov 3, 2016
—
Amir A Khoja
—
Deed
related
$3,000,000 · Citizens Bk
Dec 7, 2007
$1,995,000
Amir A Khoja
Lim,david J
Warranty Deed
$600,000 · Charter One
Dec 16, 2003
$1,500,000
David J Lim
Kim,chong Sul
Grant Deed
$1,136,000 · Edens Bank
May 22, 2001
$1,100,000
Chong S Kim
Speer,paul D & Yang Y
Grant Deed
$808,000 · Edens Bank
Feb 25, 1999
$928,001
Paul D Speer
Lee,kyung C & Young S
Grant Deed
—
—
—
Amir A Khoja
—
Loan Modification
related
$2,500,000 · Rbs Citizens Bank NA
—
—
Khoja,amir A & Yasmeen
—
Loan Modification
related
$6,000,000 · Rbs Citizens NA
—
—
Kyung C Lee
—
Deed Of Trust
related
$613,805 · Bridgeview Bank & Trust
—
—
Amir A Khoja
—
Deed Of Trust
related
$3,000,000 · Charter One
—
—
Amir A Khoja
—
Deed Of Trust
related
$600,000 · Rbs Citizens Bank NA
—
—
Amir A Khoja
—
Loan Modification
related
$5,125,000 · Rbs Citizens Bank NA
—
—
Yang Y Speer
—
Deed Of Trust
related
$650,000 · Bridgeview Bank & Trust
—
—
Amir A Khoja
—
Loan Modification
related
$3,000,000 · Citizens 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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