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Property profile & analytics
OFF-MARKET
Hotels
1700 Nations Dr, Gurnee, IL 60031-9136
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US28-5871230
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2007
Construction
BRICK
Total area
3,174 SF
Lot
30.2 ac (1,315,512 SF)
APN
07-16-204-004
UPID
US28-5871230
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
-
Miniature Golf Golf Course
-
Great Wolf Lodge Hotel & Motel Resort
-
Buckets Restaurant
-
Howlers Peak Rope Course Family Recreation Center
-
MagiQuest (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gwr Illinois Property Owner LLC · 9 yrs held
Gwr Illinois Property Owner LLC
since 2017
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$987,252
Tax year 2023
Assessed value
$10,264,100
Assessed 2023
Previous assessed
$9,965,146
+3.0% YoY
Effective rate
9.62%
On assessed value
Assessed land
$2,678,447
Assessed improvement
$7,585,653
Land market value
$8,036,145
Improvement market value
$22,759,235
Total market value
$30,795,380
Applied tax rate
8,042.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2007
Construction
BRICK
Heating
NONE
Buildings
2
Total area
3,174 SF
Lot
30.2 ac (1,315,512 SF)
APN
07-16-204-004
UPID
US28-5871230
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
2007
Construction
BRICK
Heating
NONE
Buildings
2
Lot
30.2 ac
Current owner
From public records · entity-resolved
Gwr Illinois Property Owner LLC
Entity
Mailing address
PO BOX 543185, DALLAS, TX 75354-3185
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2024
—
Gwr Illinois Property Owner LLC
—
Deed
related
$260,000,000 · Jpmorgan Chase Bank NA
Dec 2, 2019
—
Gwr Illinois Prop Owner LLC
—
Grant Deed
related
$1,700,000,000 · Jp Morgan Chase Bk
Apr 26, 2017
$36,000,000
Gwr Illinois Property Owner LLC
Ga Key Lime LLC
Special Warranty Deed
$73,400,000 · Ab Commercial Real Estate Debt B2 S
Dec 23, 2015
$23,233,961
Ga Key Lime LLC
Gurnee Water Park LLC
Grant Deed
—
Sep 9, 2010
$65,000,000
Gurnee Water Park LLC
Klcg Property LLC
Quit Claim Deed
related
—
Jul 13, 2007
$2,475,000
Klcg Property LLC
Gurnee Property LLC
Warranty Deed
—
Mar 27, 2007
$2,319,000
Klcg Property LLC
Gurnee Property LLC
Warranty Deed
—
Jan 30, 2007
—
Klcg Property LLC
—
Trustees Deed
related
$36,000 · Keylime Cove Of Gurnee LLC
Jan 29, 2007
—
Klcg Property LLC
—
Grant Deed
related
$89,500,000 · Bankfirst
Dec 22, 2006
—
Gurnee Property LLC
—
Grant Deed
related
$11,500,000 · Park Bank
Jun 1, 2005
$6,636,000
Gurnee Property LLC
Autonation Realty Corp
Grant Deed
—
Jun 1, 2005
$3,364,500
Gurnee Property LLC
An Dealership Holding Corp
Special 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.
Try Rey
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