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Property profile & analytics
OFF-MARKET
Bars & Pubs
36309 Skokie Hwy, Gurnee, IL 60031-1093
Individually Owned
27-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1698643
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1937
Construction
FRAME
Total area
4,514 SF
Lot
1.29 ac (56,192 SF)
APN
07-11-300-008
UPID
US28-1698643
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
-
Ah Vending Big Box & Wholesale Store
-
Eggcellent omelettes Restaurant
-
Fatmans Restaurant
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
Christian M Khayat · 27 yrs held
Christian M Khayat
since 1999
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
$21,945
Tax year 2023
Assessed value
$181,885
Assessed 2023
Previous assessed
$217,538
-16.4% YoY
Effective rate
12.07%
On assessed value
Assessed land
$61,187
Assessed improvement
$120,698
Land market value
$183,579
Improvement market value
$362,130
Total market value
$545,709
Applied tax rate
8,036.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1937
Construction
FRAME
Heating
NONE
Total area
4,514 SF
Lot
1.29 ac (56,192 SF)
APN
07-11-300-008
UPID
US28-1698643
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
1937
Construction
FRAME
Heating
NONE
Lot
1.29 ac
Current owner
From public records · entity-resolved
Christian M Khayat
Individual
Mailing address
36938 N KIMBERWICK LN, WADSWORTH, IL 60083-9590
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
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
Jul 15, 2019
—
Christian M Khayat
—
Deed
related
$588,000 · Somercor 504
Jun 7, 2019
—
Christian M Khayat
—
Deed
related
$570,000 · Home State Bank NA
Feb 4, 2019
—
Christian M Khayat
—
Deed
related
$325,151 · Home St Bk
May 15, 2018
—
Christian M Khayat
—
Deed
related
$250,000 · Home State Bank NA
Feb 15, 2002
—
Christian M Khayat
—
Trustees Deed
related
$806,250 · Bank Of Waukegan
Feb 3, 1999
$485,000
Christian M Khayat
Sheehan,dennis P
Grant Deed
$397,500 · Bank Of Waukegan
Mar 11, 1998
—
Richard Sheehan Estate
Culver,brian
Quit Claim Deed
related
—
—
—
Christian M Khayat
—
Loan Modification
related
$325,151 · Home St Bk
—
—
Christian Khayat
—
Deed Of Trust
related
$50,000 · Northside Community Bank
—
—
Christian M Khayat
—
Deed Of Trust
related
$588,000 · Somercor 504
—
—
Christian M Khayat
—
Deed Of Trust
related
$1,000,000 · Home State Bank
—
—
Christian M Khayat
—
Deed Of Trust
related
$100,000 · Bank Of Waukegan
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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