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Property profile & analytics
OFF-MARKET
Estimated value
$7,650,000
Hotels
800 Lk Cook Rd, Deerfield, IL 60015-4842
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1776683
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1986
Construction
BRICK
Total area
81,237 SF
Lot
4.37 ac (190,357 SF)
APN
16-33-304-013
UPID
US28-1776683
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
$7.65M
CAP Approach
CAP
$8.42M
Comparable Approach
Comparable
$5.71M
Blend (final)
Blend
$7.65M
Owner & transaction history
Niya Neysa LLC · 1 yrs held
Niya Neysa LLC
since 2024
Last sale
$7.7M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.8M
+119.5%
Restaurant
$9.3M
+74.3%
Medical building
$6.9M
+29.4%
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 Deerfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Deerfield 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
$7,650,000
ML approach
$7,650,000
CAP Approach
CAP Return
Estimation
6%
$9,115,000
6.5%
$8,415,000
7%
$7,815,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,360,000
Current use
COMMERCIAL (GENERAL)
$11,765,000
Change: +119% · Conversion: Difficult
RESTAURANT
$9,340,000
Change: +74% · Conversion: Difficult
MEDICAL BUILDING
$6,935,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,825,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,665,000
Change: +24% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,605,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$7.65M
Range $6.89M – $8.42M · ±10% · vs last sale $7.65M (Oct 3 2024)
Last sale anchor
$7.65M
Oct 3 2024
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
$94 / 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
$155,094
Tax year 2023
Assessed value
$2,075,253
Assessed 2023
Previous assessed
$2,075,253
+0.0% YoY
Effective rate
7.47%
On assessed value
Assessed land
$488,459
Assessed improvement
$1,586,794
Land market value
$1,465,524
Improvement market value
$4,760,858
Total market value
$6,226,382
Applied tax rate
17,004.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1986
Construction
BRICK
Heating
NONE
Total area
81,237 SF
Lot
4.37 ac (190,357 SF)
APN
16-33-304-013
UPID
US28-1776683
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
HOTEL/MOTEL Current
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$11.8M
RESTAURANT
Est. value
$9.3M
MEDICAL BUILDING
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$6.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.7M
INDUSTRIAL (GENERAL)
Est. value
$6.6M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1986
Construction
BRICK
Heating
NONE
Lot
4.37 ac
Current owner
From public records · entity-resolved
Niya Neysa LLC
Entity
Mailing address
4535 W ADDISON ST E #700, CHICAGO, IL 60641-3816
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2024
$7,650,000
Niya Neysa LLC
Skyline Cm Deerfield LLC
Limited Warranty Deed
$5,000,000 · Millennium Bank
Jul 26, 2023
—
Skyline Cm Deerfield LLC
—
Deed
related
$3,000,000 · American Bank NA
Apr 28, 2022
—
Skyline Cm Deerfield LLC
Skyline Cm Portfolio LLC
Limited Warranty Deed
—
Nov 17, 2017
$10,121,384
Skyline Cm Portfolio LLC
Cbm Two Hotels LP
Special Warranty Deed
$103,493,800 · Deutsche Bank
Apr 6, 2005
—
Courtyard II Associates LP
Cbm Associates II LLC
Special Warranty Deed
$550,000,000 · Lehman Brothers Bank Fsb
—
—
Cbm Two Hotels LP
—
Deed Of Trust
related
$670,000,000 · German American Cap
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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