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Property profile & analytics
OFF-MARKET
Estimated value
$2,680,000
Warehouses
1960 Swanson Ct, Gurnee, IL 60031-1270
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1733585
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
BRICK
Total area
41,958 SF
Lot
2.49 ac (108,290 SF)
APN
07-12-301-021
UPID
US28-1733585
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
-
Ludlow & Associates Inc Industrial Manufacturer Production Facility
-
Industrial Handling Equipment Factory Industrial Manufacturer
-
Mac-Gray Coin Operated Laundry Equipment Supplier
-
Albion Electrical | Handyman Services Hardware & Home Improvement General Contractor
-
Devon Wholesale (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.38M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.68M
Owner & transaction history
Vip Willowbrook LLC · 8 yrs held
Vip Willowbrook LLC
since 2017
5 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%
$3,655,000
6.5%
$3,375,000
7%
$3,135,000
Blend value · Realmo final
$2.68M
Range $2.41M – $2.95M · ±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
$64 / 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
$54,619
Tax year 2023
Assessed value
$521,644
Assessed 2023
Previous assessed
$543,513
-4.0% YoY
Effective rate
10.47%
On assessed value
Assessed land
$91,911
Assessed improvement
$429,733
Land market value
$275,761
Improvement market value
$1,289,328
Total market value
$1,565,089
Applied tax rate
8,173.0000
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
1989
Construction
BRICK
Heating
NONE
Total area
41,958 SF
Lot
2.49 ac (108,290 SF)
APN
07-12-301-021
UPID
US28-1733585
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
1989
Construction
BRICK
Heating
NONE
Lot
2.49 ac
Current owner
From public records · entity-resolved
Vip Willowbrook LLC
Entity
Mailing address
477 W WRIGHTWOOD AVE, ELMHURST, IL 60126-1011
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2017
—
Vip Willowbrook LLC
—
Deed
related
$1,598,632 · Miscellaneous Ins Co
May 3, 2006
—
Vip Swanson Court LLC
—
Deed Of Trust
related
$24,000,000 · Prudential Insurance Co
—
—
Vip Swanson Court LLC
—
Deed Of Trust
related
$6,490,000 · American Equity Inv Life Ins
—
—
Swanson Court Partnership
—
Deed Of Trust
related
$1,300,000 · Ge Life & Annuity Assurance Co
—
—
Vip Willowbrook LLC
—
Deed Of Trust
related
$1,598,632 · Miscellaneous Ins Co
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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