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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Warehouses
888 Belvidere Rd Ste 202, Grayslake, IL 60030-2571
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-2682332
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1993
Construction
BRICK
Total area
5,600 SF
Lot
0.13 ac (5,602 SF)
APN
06-35-201-016
UPID
US28-2682332
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
$820k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$496k
Blend (final)
Blend
$820k
Owner & transaction history
Cb Coronado LLC · 1 yrs held
Cb Coronado LLC
since 2025
Last sale
$820,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$980,000
+107.6%
Retail stores
$670,000
+42.1%
Apartment house (5+ units)
$660,000
+39.4%
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 Grayslake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grayslake 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
$820,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$980,000
Change: +108% · Conversion: Easy
RETAIL STORES
$670,000
Change: +42% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$660,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$580,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$540,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $820k (Sep 23 2024)
Last sale anchor
$820k
Sep 23 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
$146 / 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
$14,450
Tax year 2023
Assessed value
$118,331
Assessed 2023
Previous assessed
$118,331
+0.0% YoY
Effective rate
12.21%
On assessed value
Assessed land
$12,042
Assessed improvement
$106,289
Land market value
$36,130
Improvement market value
$318,899
Total market value
$355,029
Applied tax rate
7,013.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1993
Construction
BRICK
Heating
NONE
Total area
5,600 SF
Lot
0.13 ac (5,602 SF)
APN
06-35-201-016
UPID
US28-2682332
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
AUTO REPAIR, GARAGE
Est. value
$980,000
RETAIL STORES
Est. value
$670,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$660,000
COMMERCIAL (GENERAL)
Est. value
$580,000
OFFICE BUILDING
Est. value
$540,000
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1993
Construction
BRICK
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
Cb Coronado LLC
Entity
Free & Clear · 1 yrs held
Mailing address
209 E GRAND AVE STE #2, FOX LAKE, IL 60020-1603
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2025
—
Cb Coronado LLC
Martin Coronado
Deed
related
—
Sep 23, 2024
$820,000
Martin Coronado
Grayslake Industrial Limited Partne
Warranty Deed
$656,000 · State Bank Of The Lakes
Mar 4, 1999
—
Grayslake Industrial LP
—
Deed Of Trust
related
$1,038,600 · Phillips Trust
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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