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Property profile & analytics
FOR LEASE
Industrial properties
9114 Virginia Rd, Lake in the Hills, IL 60156
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US28-2532391
For Lease
1 / 3
$2,090,000
9114 Virginia Rd, Lake in the Hills, IL 60156
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2007
Total area
30,071 SF
Lot
3.01 ac (131,116 SF)
APN
19-22-100-014
UPID
US28-2532391
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
by Request
CAP Approach
CAP
$1.99M
Comparable Approach
Comparable
$2.37M
Blend (final)
Blend
$2.09M
Owner & transaction history
9114 Virginia LLC · 9 yrs held
9114 Virginia LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.3M
+31.7%
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 Lake in the Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake in the Hills 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,155,000
6.5%
$1,990,000
7%
$1,850,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,475,000
Current use
COMMERCIAL (GENERAL)
$3,260,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$2.09M
Range $1.88M – $2.30M · ±10%
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
$70 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$58,278
Tax year 2022
Assessed value
$591,381
Assessed 2022
Previous assessed
$591,381
+0.0% YoY
Effective rate
9.85%
On assessed value
Assessed land
$154,444
Assessed improvement
$436,937
Land market value
$463,332
Improvement market value
$1,310,811
Total market value
$1,774,143
Applied tax rate
19,068.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
2007
Heating
NONE
Stories
1
Total area
30,071 SF
Lot
3.01 ac (131,116 SF)
APN
19-22-100-014
UPID
US28-2532391
Jurisdiction
MCHENRY
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$3.3M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (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
2007
Heating
NONE
Stories
1
Lot
3.01 ac
Current owner
From public records · entity-resolved
9114 Virginia LLC
Entity
Mailing address
460 JENNINGS DR, LAKE IN THE HILLS, IL 60156-1677
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2016
—
9114 Virginia LLC
Riggsby Rental Of Riggsby Family
Warranty Deed
—
Feb 15, 2008
—
Riggsby Rental Of Riggsby Fam LLC
Riggsby,mark W & Joann
Quit Claim Deed
related
—
Jul 27, 2007
—
Mark W Riggsby
—
Trustees Deed
related
$2,650,000 · Private Bank & Trust Co
Nov 17, 2004
$420,000
Mark W Riggsby
Trust 4676
Grant Deed
$336,000 · Illinois State Bank
—
—
Riggsby Rental Of Riggsby Family
—
Deed Of Trust
related
$40,000 · Crystal Lake Bank & Trust Co
—
—
Riggsby Rental Of Riggsby Family
—
Deed Of Trust
related
$47,000 · Crystal Lake Bank & Trust Co
—
—
Riggsby Rental Of Riggsby Family
—
Deed Of Trust
related
$2,647,152 · Crystal Lake Bank & Trust Co
—
—
Home State Bank NA Trustee
—
Deed Of Trust
related
$2,010,381 · Vallen Safety Supply Co
—
—
Riggsby Rental Of Riggsby Fam LLC
—
Deed Of Trust
related
$2,650,000 · Crystal Lake Bank & Trust Co
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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