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Property profile & analytics
OFF-MARKET
Estimated value
$4,485,000
Warehouses
1350 Tri State Pkwy, Gurnee, IL 60031-9185
Entity Owned
~
Est. High Equity
Property ID
US28-2235375
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Construction
BRICK
Total area
55,798 SF
Lot
4.67 ac (203,425 SF)
APN
07-16-403-062
UPID
US28-2235375
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
-
Testing Service Corporation Geotechnical Engineer
-
Artsonia LLC Theater & Performing Art Venue
-
Precision Service & Parts Auto Repair Shop
-
SpeedPro Lake County (Bike/Boat/Book/etc) Store Printing Service
-
Butler Coring Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.49M
Owner & transaction history
Lakeside Industrial Group LLC
Lakeside Industrial Group LLC
since 2025
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 Gurnee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gurnee 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%
$4,860,000
6.5%
$4,485,000
7%
$4,165,000
Blend value · Realmo final
$4.49M
Range $4.04M – $4.93M · ±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
$80 / 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
$92,435
Tax year 2023
Assessed value
$976,763
Assessed 2023
Previous assessed
$948,314
+3.0% YoY
Effective rate
9.46%
On assessed value
Assessed land
$323,011
Assessed improvement
$653,752
Land market value
$969,130
Improvement market value
$1,961,452
Total market value
$2,930,582
Applied tax rate
8,029.0000
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
2004
Construction
BRICK
Heating
NONE
Total area
55,798 SF
Lot
4.67 ac (203,425 SF)
APN
07-16-403-062
UPID
US28-2235375
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
2004
Construction
BRICK
Heating
NONE
Lot
4.67 ac
Current owner
From public records · entity-resolved
Lakeside Industrial Group LLC
Entity
Mailing address
1209 N ORANGE ST, WILMINGTON, DE 19801-1120
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2025
—
Lakeside Industrial Group LLC
Lakeside Industrial Group LLC
Deed
related
$2,750,000 · Baxter Cu
Jul 15, 2015
—
Lakeside Industrial Group LLC
Lakeside Indl Partners LLC
Quit Claim Deed
related
$3,400,000 · Barclays Bk/plc
—
—
Lakeside Industrial Ptrs LLC
—
Deed Of Trust
related
$3,000,000 · Amcore Bank
—
—
Lakeside Industrial Ptrs LLC
—
Deed Of Trust
related
$3,450,000 · Shorebank
—
—
Lakeside Industrial Ptrs LLC
—
Deed Of Trust
related
$3,450,000 · Shorebank
—
—
Lakeside Industrial Ptrs LLC
—
Deed Of Trust
related
$2,800,000 · Gurnee Lender LLC
—
—
Lakeside Industrial Ptrs LLC
—
Deed Of Trust
related
$250,000 · Shorebank
—
—
Lakeside Industrial Ptrs LLC
—
Deed Of Trust
related
$100,000 · Shorebank
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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