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Property profile & analytics
OFF-MARKET
Estimated value
$9,875,000
Office buildings
350 Greenleaf St, Gurnee, IL 60031-5709
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-2250422
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
FRAME
Total area
23,256 SF
Lot
2.27 ac (98,881 SF)
APN
07-25-122-003
UPID
US28-2250422
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
-
Melissa Tait, PT Physician
-
Watson Bridget M Physician
-
Rhutav Parikh, MD Physician
-
Edward G. Hamming, MD Physician
-
IBJI Gurnee Orthopedics Doctors' Office Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.38M
Blend (final)
Blend
$9.88M
Owner & transaction history
Kagr2 Park City LLC · 4 yrs held
Kagr2 Park City LLC
since 2022
Last sale
$9.8M
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
$10,415,000
ML approach
$9,485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.88M
Range $8.89M – $10.86M · ±10% · vs last sale $9.80M (Mar 3 2022)
Last sale anchor
$9.80M
Mar 3 2022
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
$425 / 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
$95,631
Tax year 2023
Assessed value
$880,076
Assessed 2023
Previous assessed
$854,443
+3.0% YoY
Effective rate
10.87%
On assessed value
Assessed land
$169,589
Assessed improvement
$710,487
Land market value
$508,818
Improvement market value
$2,131,674
Total market value
$2,640,492
Applied tax rate
8,013.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
NONE
Total area
23,256 SF
Lot
2.27 ac (98,881 SF)
APN
07-25-122-003
UPID
US28-2250422
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
1998
Construction
FRAME
Heating
NONE
Lot
2.27 ac
Current owner
From public records · entity-resolved
Kagr2 Park City LLC
Entity
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2022
$9,800,000
Kagr2 Park City LLC
Park City Medical Properties LLC
Special Warranty Deed
$816,700,000 · Capital One NA
Sep 12, 2019
$8,000,000
Park City Medical Properties LLC
Lakseshore O Partners LLC
Special Warranty Deed
$76,675,500 · Capital One Bank NA
Feb 28, 2017
—
Lakeshore O Partners LLC
—
Deed
related
$2,900,000 · Lake Forest Bk&tr
Jun 14, 2001
$2,675,000
Lakeshore O Partners LLC
Fifth Tird Bank Trustee
Grant Deed
$2,675,000 · Lake Forest Bank & Trust Co
—
—
Lakeshore Partners LLC
—
Loan Modification
related
$3,088,404 · Lake Forest Bank & Trust Co
—
—
Lakeshore O Partners
—
Deed Of Trust
related
$525,000 · Lake Forest Bank & Trust Co
—
—
Lakeshore O Partners LLC
—
Loan Modification
related
$2,900,000 · Lake Forest Bk&tr
—
—
Lakeshore O Partners LLC
—
Deed Of Trust
related
$250,000 · Lake Forest Bank & Trust 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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