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Property profile & analytics
OFF-MARKET
Warehouses
1947 Delany Rd, Gurnee, IL 60031-1204
Entity Owned
4-yr Hold
Free & Clear
Property ID
US28-5906977
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
BRICK
Total area
1,732 SF
Lot
20.62 ac (898,207 SF)
APN
07-12-303-040
UPID
US28-5906977
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
-
Prologis Company
-
United Plastics Inc Industrial Manufacturer Production Facility
-
HENRY BROCH CO. 1947A Warehouse & Storage
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
2005 N Delany Owner LP · 4 yrs held
2005 N Delany Owner LP
since 2022
Last sale
$16.9M
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
$297,701
Tax year 2023
Assessed value
$3,051,288
Assessed 2023
Previous assessed
$2,962,416
+3.0% YoY
Effective rate
9.76%
On assessed value
Assessed land
$818,376
Assessed improvement
$2,232,912
Land market value
$2,455,374
Improvement market value
$6,699,406
Total market value
$9,154,780
Applied tax rate
8,001.0000
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
1977
Construction
BRICK
Heating
NONE
Buildings
2
Total area
1,732 SF
Lot
20.62 ac (898,207 SF)
APN
07-12-303-040
UPID
US28-5906977
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
1977
Construction
BRICK
Heating
NONE
Buildings
2
Lot
20.62 ac
Current owner
From public records · entity-resolved
2005 N Delany Owner LP
Entity
Free & Clear · 4 yrs held
Mailing address
700 N PEARL STN1650, DALLAS, TX 75201-2824
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2022
$17,500,000
2005 N Delany Owner LP
Wmi Chicago II LLC
Correction Deed
related
—
Nov 10, 2021
$16,900,000
1947 1953 2005 N Delany Owner LP
Wmi Chicago II LLC
Special Warranty Deed
$281,400,000 · Truist Bank
Apr 15, 2016
$12,050,324
Wmi Chicago II LLC
Prologis Third Us Properties LP
Special Warranty Deed
$53,300,000 · Deutsche Bank National Trust Co
Dec 31, 2007
—
Prologis Third Us Props
—
Deed Of Trust
related
$101,000,000 · Axa Equitable Life Ins Co
Jul 25, 2007
$19,000,000
Prologis Third Us Props
Prologis
Grant Deed
—
Mar 2, 2005
$12,325,000
Prologis
Tristate LLC
Grant Deed
—
Jul 18, 2000
$3,583,500
Tristate LLC
Northern Management & Fin'l LP
Grant 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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