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Property profile & analytics
OFF-MARKET
Estimated value
$6,700,000
Commercial land
3650 Washington St Gurnee, IL 60031-5701
Individually Owned
6-yr Hold
Free & Clear
Property ID
US28-2737824
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.46 ac (63,554 SF)
APN
07-24-400-072
UPID
US28-2737824
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
-
Stay Way Auto Trucking Company
-
Truck Doctor of Illinois Auto Repair Shop
-
Illinois Motor Werks Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.70M
Owner & transaction history
Paul Ahern · 6 yrs held
Paul Ahern
since 2020
Last sale
$5.8M
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
$7,600,000
ML approach
$7,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.70M
Range $6.03M – $7.37M · ±10% · vs last sale $5.80M (Jan 21 2020)
Last sale anchor
$5.80M
Jan 21 2020
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
—
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
$4,914
Tax year 2023
Assessed value
$50,368
Assessed 2023
Previous assessed
$48,901
+3.0% YoY
Effective rate
9.76%
On assessed value
Assessed land
$50,368
Land market value
$151,119
Total market value
$151,119
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
1.46 ac (63,554 SF)
APN
07-24-400-072
UPID
US28-2737824
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
Heating
NONE
Lot
1.46 ac
Current owner
From public records · entity-resolved
Paul Ahern
Individual
Free & Clear · 6 yrs held
Mailing address
3660 WASHINGTON ST, GURNEE, IL 60031-5701
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jan 21, 2020
—
Paul Ahern
Interstate-gurnee LLC
Quit Claim Deed
related
—
Jan 21, 2020
$5,800,000
Eagle Fence Distributing LLC
Paul Ahern
Warranty Deed
—
Mar 27, 2013
—
Interstate-gurnee LLC
—
Deed Of Trust
related
$3,111,344 · Pnc Bank
Dec 14, 2007
$3,675,743
Interstate-gurnee LLC
3650 Wa Street LLC
Grant Deed
$4,200,000 · National City Bank
Mar 18, 2004
—
3650 Washington Street LLC
—
Deed Of Trust
related
$2,150,000 · Northside Community Bank
Nov 19, 1999
$2,000,000
3650 Washington Street LLC
Skokie Terminal INC
Grant Deed
$2,000,000 · Cole Taylor Bank
—
—
Interstate-gurnee LLC
—
Loan Modification
related
$3,032,210 · Pnc Bk
—
—
Interstate-gurnee LLC
—
Loan Modification
related
$4,200,000 · Pnc Bk
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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