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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Office buildings
800 Il Rte 83, Mundelein, IL 60060-4575
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-0979591
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
BRICK
Total area
9,144 SF
Lot
1.39 ac (60,548 SF)
APN
10-36-109-030
UPID
US28-0979591
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
$1.80M
CAP Approach
CAP
$2.07M
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.60M
Owner & transaction history
Chateau Elite LLC · 4 yrs held
Chateau Elite LLC
since 2021
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+44.4%
Restaurant
$1.6M
+41.0%
Apartment house (5+ units)
$1.3M
+16.6%
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 Mundelein submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mundelein 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
$1,820,000
ML approach
$1,795,000
CAP Approach
CAP Return
Estimation
6%
$2,240,000
6.5%
$2,070,000
7%
$1,920,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,105,000
Current use
AUTO REPAIR, GARAGE
$1,600,000
Change: +44% · Conversion: Difficult
RESTAURANT
$1,560,000
Change: +41% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,290,000
Change: +17% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,270,000
Change: +15% · Conversion: Easy
RETAIL STORES
$1,165,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.60M (Sep 14 2021)
Last sale anchor
$1.60M
Sep 14 2021
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
$175 / 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
$57,913
Tax year 2023
Assessed value
$426,492
Assessed 2023
Previous assessed
$533,280
-20.0% YoY
Effective rate
13.58%
On assessed value
Assessed land
$192,080
Assessed improvement
$234,412
Land market value
$576,298
Improvement market value
$703,306
Total market value
$1,279,604
Applied tax rate
12,058.0000
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
2000
Construction
BRICK
Heating
NONE
Total area
9,144 SF
Lot
1.39 ac (60,548 SF)
APN
10-36-109-030
UPID
US28-0979591
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
OFFICE BUILDING Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RESTAURANT
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RETAIL STORES
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
2000
Construction
BRICK
Heating
NONE
Lot
1.39 ac
Current owner
From public records · entity-resolved
Chateau Elite LLC
Entity
Mailing address
800 S IL RTE 83, MUNDELEIN, IL 60060-4575
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2024
—
Chateau Elite LLC
—
Deed
related
$400,000 · Time Bank
Sep 14, 2021
$1,600,000
Chateau Elite LLC
Randolph G Wilson JR
Special Warranty Deed
$130,000 · Bres Holdings LLC
Aug 19, 2011
—
Thomasson Family Trust
Thomasson,william K & Winnie J
Quit Claim Deed
related
—
May 24, 2011
—
Tevelde Ralph & Carol J Trust
Tevelde R Family Trust
Quit Claim Deed
related
—
Aug 29, 2005
—
Bretz P H Trust Agreement
Bretz P H Trust Agreement
Quit Claim Deed
related
—
Jul 18, 2003
$250,000
Randolph G Wilson JR.
Aei Income & Growth Fund Xxi
Grant Deed
—
Jul 2, 2003
$212,000
William K Thomasson
Aei Income & Growth Fund Xxi
Grant Deed
—
Jul 2, 2003
$342,500
Jack R Ambler
Aei Income & Growth Fund Xxi
Grant Deed
—
Jun 26, 2003
$360,000
Tevelde Ralph
Aei Income & Growth Fund Xxi
Grant Deed
—
Jun 12, 2003
$280,500
Bretz,tr
Aei Income & Growth Fund Xxi L
Grant Deed
—
Jun 5, 2003
$372,000
Gage,tr
Aei Income & Growth Fund Xxi L
Grant Deed
—
Jun 5, 2003
$379,000
Nehrig,tr
Aei Income & Growth Fund Xxi L
Grant Deed
—
Apr 3, 2001
$1,618,000
Aei Income
Aramark Educational Resources
Grant Deed
related
—
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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