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Property profile & analytics
OFF-MARKET
Estimated value
$3,510,000
Manufacturing properties
98 Noll St, Waukegan, IL 60085-3031
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US28-2001083
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Construction
BRICK
Total area
39,600 SF
Lot
3.23 ac (140,790 SF)
APN
08-19-301-012
UPID
US28-2001083
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
-
Lake County Press, Inc. Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.63M
Comparable Approach
Comparable
$4.17M
Blend (final)
Blend
$3.51M
Owner & transaction history
Lcp Ents LLC · 20 yrs held
Lcp Ents LLC
since 2005
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.4M
+44.8%
Retail stores
$4.2M
+36.4%
Warehouse, storage
$4.1M
+32.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,840,000
6.5%
$2,625,000
7%
$2,435,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,060,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,430,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$4,175,000
Change: +36% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,055,000
Change: +32% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,500,000
Change: -18% · Conversion: Difficult
OFFICE BUILDING
$2,470,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.51M
Range $3.16M – $3.86M · ±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
$89 / 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
$159,501
Tax year 2023
Assessed value
$1,683,023
Assessed 2023
Previous assessed
$1,631,550
+3.2% YoY
Effective rate
9.48%
On assessed value
Assessed land
$135,762
Assessed improvement
$1,547,261
Land market value
$407,327
Improvement market value
$4,642,247
Total market value
$5,049,574
Applied tax rate
9,012.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1968
Construction
BRICK
Heating
NONE
Total area
39,600 SF
Lot
3.23 ac (140,790 SF)
APN
08-19-301-012
UPID
US28-2001083
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
RETAIL STORES
Est. value
$4.2M
WAREHOUSE, STORAGE
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.5M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
WAREHOUSE, STORAGE
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
1968
Construction
BRICK
Heating
NONE
Lot
3.23 ac
Current owner
From public records · entity-resolved
Lcp Ents LLC
Entity
Mailing address
PO BOX 9209, WAUKEGAN, IL 60079-9209
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
Dec 3, 2025
—
Lcp Enterprises LLC
—
Deed
related
$11,500,000 · Bridge Business Credit LLC
Mar 15, 2021
—
Lcp Enterprises LLC
—
Deed
related
$28,828,000 · Signature Bank
Aug 19, 2020
—
Lcp Ents LLC
—
Deed
related
$11,150,000 · Fifth Third Bk NA
Nov 30, 2010
—
Lcp Ents LLC
—
Deed Of Trust
related
$14,413,974 · Bank Of America
Oct 4, 2005
—
Lcp Ents LLC
Johnson,ralph L
Quit Claim Deed
related
—
May 3, 2001
—
Lake County Press Enterprises
—
Deed Of Trust
related
$5,723,442 · Lasalle National Bank
—
—
Lcp Ents LLC
—
Deed Of Trust
related
$2,800,000 · Capx Fund IV LP
—
—
Lcp Ents LLC
—
Deed Of Trust
related
$2,800,000 · Capx Fund IV LP
—
—
Lcp Ents LLC
—
Deed Of Trust
related
$2,800,000 · Capx Fund IV LP
—
—
Lcp Ents LLC
—
Loan Modification
related
$11,150,000 · Fifth Third Bk NA
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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