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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Industrial properties
Nn Ml St, Mchenry, IL 60050
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-2871653
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1992
Total area
8,320 SF
Lot
0.56 ac (24,394 SF)
APN
09-27-480-006
UPID
US28-2871653
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
$765k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$860k
Blend (final)
Blend
$765k
Owner & transaction history
Illinois Housing Development Author · 1 yrs held
Illinois Housing Development Author
since 2024
Last sale
$750,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+67.3%
Retail stores
$995,000
+53.2%
Apartment house (5+ units)
$975,000
+50.4%
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 Mchenry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mchenry 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
$910,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$650,000
Current use
OFFICE BUILDING
$1,085,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$995,000
Change: +53% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$975,000
Change: +50% · Conversion: Difficult
WAREHOUSE, STORAGE
$700,000
Change: +8% · Conversion: Easy
COMMERCIAL (GENERAL)
$685,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $750k (Oct 4 2023)
Last sale anchor
$750k
Oct 4 2023
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
$92 / 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
$20,887
Tax year 2022
Assessed value
$209,764
Assessed 2022
Previous assessed
$209,764
+0.0% YoY
Effective rate
9.96%
On assessed value
Assessed land
$24,276
Assessed improvement
$185,488
Land market value
$72,828
Improvement market value
$556,464
Total market value
$629,292
Applied tax rate
9,002.0000
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
Off-Market
Year built
1992
Heating
CENTRAL
Cooling
CENTRAL
Total area
8,320 SF
Lot
0.56 ac (24,394 SF)
APN
09-27-480-006
UPID
US28-2871653
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
$650,000
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$995,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$975,000
WAREHOUSE, STORAGE
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$685,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1992
Heating
CENTRAL
Cooling
Yes
Lot
0.56 ac
Current owner
From public records · entity-resolved
Illinois Housing Development Author
Entity
Mailing address
230 OHIO ST STE #200, OSHKOSH, WI 54902-5894
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2024
—
Illinois Housing Development Author
Housing Opportunity Dev Corporatin
Agreement Of Sale
$1,000,000 · Housing Opporuntiy Development Corp
Oct 4, 2023
$750,000
Taylor Place Apartments Mchenry LLC
J Althoff Assoc INC
Warranty Deed
—
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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