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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Retail space
3900 Washington St, Gurnee, IL 60031-5717
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US28-1963633
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Construction
BRICK
Total area
28,004 SF
Lot
2.8 ac (121,968 SF)
APN
07-24-307-011
UPID
US28-1963633
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
-
Prestige Cleaners (Bike/Boat/Book/etc) Store
-
Salon Silk Chicago Hair Salon
-
Heavenly Beauty Studio Hair Salon
-
The Authentic Cheese Bread Co Bakery Specialty Food Shop
-
Juggernaut Tattoo Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$745k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$854k
Blend (final)
Blend
$1.19M
Owner & transaction history
Washington Crossing Shopping C · 9 yrs held
Washington Crossing Shopping C
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
$745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±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
$42 / 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
$51,429
Tax year 2023
Assessed value
$527,124
Assessed 2023
Previous assessed
$511,770
+3.0% YoY
Effective rate
9.76%
On assessed value
Assessed land
$274,064
Assessed improvement
$253,060
Land market value
$822,274
Improvement market value
$759,256
Total market value
$1,581,530
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Construction
BRICK
Heating
NONE
Total area
28,004 SF
Lot
2.8 ac (121,968 SF)
APN
07-24-307-011
UPID
US28-1963633
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
1997
Construction
BRICK
Heating
NONE
Lot
2.8 ac
Current owner
From public records · entity-resolved
Washington Crossing Shopping C
Individual
Mailing address
1520 ARTAIUS PKWY UNIT #85, LIBERTYVILLE, IL 60048-7906
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
Jun 1, 2017
$1,615,000
Washington Crossing Shopping C
Gurnee Ventures LLC
Grant Deed
—
Jun 5, 2015
$1,475,000
Gurnee Ventures LLC
Dearborn Street Holdings LLC-s
Grant Deed
—
Nov 24, 2014
—
Dearborn Street Holdings LLC-s
Sheriff Of Lake County|washington Crossings LLC
Trustees Deed
related
—
Nov 28, 2006
—
Washington Crossings LLC
Washington Crossings Ptshp
Quit Claim Deed
related
$2,790,000 · Amcore Bank
—
—
Washington Crossing Ptshp
—
Deed Of Trust
related
$2,300,000 · National City Bank Michigan/il
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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