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Property profile & analytics
FOR LEASE
Warehouses
3816 Grandview Ave, Gurnee, IL 60031
Entity Owned
~
Est. High Equity
Property ID
US28-5592796
For Lease
1 / 3
$1,115,000
3816 Grandview Ave, Gurnee, IL 60031
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1962
Construction
FRAME
Total area
21,168 SF
Lot
1.08 ac (47,045 SF)
APN
07-13-300-097
UPID
US28-5592796
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
-
Al's Tire and Complete Auto Repair in Gurnee Auto Repair Shop
-
Uribe & Sons Muffler Co Auto Repair Shop
-
Custom Cabinet Man Inc General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.12M
Owner & transaction history
Northern Chicago LLC
Northern Chicago LLC
since 2025
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$53 / 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
$15,636
Tax year 2023
Assessed value
$160,262
Assessed 2023
Previous assessed
$155,595
+3.0% YoY
Effective rate
9.76%
On assessed value
Assessed land
$39,059
Assessed improvement
$121,203
Land market value
$117,189
Improvement market value
$363,645
Total market value
$480,834
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
For Lease
Year built
1962
Construction
FRAME
Heating
NONE
Total area
21,168 SF
Lot
1.08 ac (47,045 SF)
APN
07-13-300-097
UPID
US28-5592796
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
1962
Construction
FRAME
Heating
NONE
Lot
1.08 ac
Current owner
From public records · entity-resolved
Northern Chicago LLC
Entity
Mailing address
9338 W MANZANITA DR, SUN CITY, AZ 85373-1734
Ownership since
2025
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
Jul 19, 2025
$829,000
Northern Chicago LLC
Ajr 1 LLC
Warranty Deed
—
Feb 8, 2008
$643,500
Ajr 1 LLC
Grandview Properties LLC
Warranty Deed
$514,800 · Norstates Bank
—
—
Kay D Opeka Trustee
—
Deed Of Trust
related
$555,000 · Northside Community Bank
—
—
Ajr1 LLC
—
Deed Of Trust
related
$540,000 · Southport Bank
—
—
Opeka,tr
—
Deed Of Trust
related
$50,000 · Northside Community Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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