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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Retail space
813 Waukegan Rd, Deerfield, IL 60015-3205
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-2324943
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Construction
BRICK
Total area
8,734 SF
Lot
0.11 ac (4,996 SF)
APN
16-28-322-037
UPID
US28-2324943
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
$865k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$577k
Blend (final)
Blend
$760k
Owner & transaction history
Deerfield Patisserie Building LLC · 5 yrs held
Deerfield Patisserie Building LLC
since 2021
Last sale
$750,000
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 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
$855,000
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,110,000
Current use
OFFICE BUILDING
$1,055,000
Change: -5% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$980,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $750k (May 25 2021)
Last sale anchor
$750k
May 25 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
$87 / 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
$17,390
Tax year 2023
Assessed value
$209,094
Assessed 2023
Previous assessed
$183,633
+13.9% YoY
Effective rate
8.32%
On assessed value
Assessed land
$34,408
Assessed improvement
$174,686
Land market value
$103,234
Improvement market value
$524,110
Total market value
$627,344
Applied tax rate
17,170.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Construction
BRICK
Heating
NONE
Total area
8,734 SF
Lot
0.11 ac (4,996 SF)
APN
16-28-322-037
UPID
US28-2324943
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
RETAIL STORES Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$980,000
RETAIL STORES Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1930
Construction
BRICK
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
Deerfield Patisserie Building LLC
Entity
Mailing address
201 N BUFFALO GRV RD, BUFFALO GROVE, IL 60089-1748
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2024
—
Deerfield Patisserie Building LLC
—
Deed
related
$340,000 · Small Business Growth Corporation
Mar 5, 2024
—
Deerfield Patisserie Building LLC
—
Deed
related
$330,000 · Libertyville Bank & Trust Co
May 25, 2021
$750,000
Deerfield Patisserie Building LLC
813 Properties LLC
Special Warranty Deed
$637,500 · Harvest Smal Business Finance LLC
Nov 20, 2017
$12,393
813 Properties LLC
Schmitt,karl
Quit Claim Deed
related
—
Nov 20, 2017
—
Karl Schmitt
813 Properties LLC
Quit Claim Deed
related
—
Jan 21, 2004
—
813 Properties LLC
—
Trustees Deed
related
$490,000 · Bank One NA
Sep 18, 2002
—
813 Properties LLC
Lasalle Bank NA Ttee
Grant Deed
related
—
—
—
813 Properties LLC
—
Deed Of Trust
related
$200,000 · First Midwest Bank
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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