New search
Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Turn key restaurants
940 Waukegan Rd, Waukegan, IL 60085-6710
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-2409861
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2008
Construction
BRICK
Total area
2,152 SF
Lot
0.79 ac (34,626 SF)
APN
07-25-311-010
UPID
US28-2409861
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
Current use
Occupant on record · Public records
-
Chipotle Mexican Grill Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$820k
Owner & transaction history
David Y Nakamura · 1 yrs held
David Y Nakamura
since 2024
Last sale
$817,695
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 Waukegan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waukegan 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
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $818k (Aug 9 2024)
Last sale anchor
$818k
Aug 9 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
$381 / 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
$26,125
Tax year 2023
Assessed value
$196,538
Assessed 2023
Previous assessed
$211,675
-7.2% YoY
Effective rate
13.29%
On assessed value
Assessed land
$79,770
Assessed improvement
$116,768
Land market value
$239,334
Improvement market value
$350,339
Total market value
$589,673
Applied tax rate
8,176.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2008
Construction
BRICK
Heating
NONE
Total area
2,152 SF
Lot
0.79 ac (34,626 SF)
APN
07-25-311-010
UPID
US28-2409861
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
Building & site characteristics
From public records
Year built
2008
Construction
BRICK
Heating
NONE
Lot
0.79 ac
Current owner
From public records · entity-resolved
David Y Nakamura
Individual
Free & Clear · 1 yrs held
Mailing address
7165 CUTTING BLVD, EL CERRITO, CA 94530-1823
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2024
—
David Y Nakamura
David Nakamura
Intrafamily Transfer
related
—
Aug 17, 2018
—
Pk Commercial Investments LLC
—
Deed
related
$1,491,620 · Bank Of Edwardsville
May 1, 2018
—
Pk Commercial Investments LLC
—
Deed
related
$1,491,620 · Bank Of Edwardsville
Nov 8, 2016
$817,695
Pk Coml Investments LLC
Sdc Waukegan Venture LLC
Grant Deed
—
Oct 10, 2014
$1,980,000
David Nakamura
Nine Unlimited LLC
Special Warranty Deed
$1,172,000 · First Savings Bank Fsb
May 11, 2011
$1,375,000
Nine Unlimited LLC
Sdc Waukegan Venture LLC
Grant Deed
$675,000 · Homefed Bank
Jul 28, 2009
—
Sdc Waukegan Venture LLC
—
Deed Of Trust
related
$6,000,000 · Republic Bank Chicago
—
—
Nine Unlimited LLC
—
Deed Of Trust
related
$578,968 · Us Bank NA
—
—
Pk Commercial Investments LLC
—
Deed Of Trust
related
$1,491,620 · Bank Of Edwardsville
—
—
Pk Commercial Investments LLC
—
Deed Of Trust
related
$1,491,620 · Bank Of Edwardsville
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 940 Waukegan Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
