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Property profile & analytics
OFF-MARKET
Estimated value
$2,645,000
Office buildings
3915 Oglesby Ave, Gurnee, IL 60031-3358
Entity Owned
3-yr Hold
Free & Clear
Property ID
US28-5483767
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2011
Construction
FRAME
Total area
14,419 SF
Lot
5 ac (217,800 SF)
APN
07-24-300-027
UPID
US28-5483767
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
-
Ravi Gurujal MD Physician
-
Jaya Thomas MD Pediatrician Medical Clinic
-
Isaac Thomas MD Physician
-
Heart & Vascular Center-Lake County Physician
-
Samarendra Chandel MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.72M
CAP Approach
CAP
$3.27M
Comparable Approach
Comparable
$3.58M
Blend (final)
Blend
$2.65M
Owner & transaction history
D & J Real Estate Holding Company L · 3 yrs held
D & J Real Estate Holding Company L
since 2023
Last sale
$2.3M
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
$2,675,000
ML approach
$2,715,000
CAP Approach
CAP Return
Estimation
6%
$3,535,000
6.5%
$3,265,000
7%
$3,030,000
Blend value · Realmo final
$2.65M
Range $2.38M – $2.91M · ±10% · vs last sale $2.28M (Mar 17 2023)
Last sale anchor
$2.28M
Mar 17 2023
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
$183 / 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
$48,159
Tax year 2023
Assessed value
$493,507
Assessed 2023
Previous assessed
$479,133
+3.0% YoY
Effective rate
9.76%
On assessed value
Assessed land
$150,735
Assessed improvement
$342,772
Land market value
$452,250
Improvement market value
$1,028,419
Total market value
$1,480,669
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2011
Construction
FRAME
Heating
NONE
Stories
1
Bathrooms
1
Total area
14,419 SF
Lot
5 ac (217,800 SF)
APN
07-24-300-027
UPID
US28-5483767
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
2011
Construction
FRAME
Heating
NONE
Stories
1
Bathrooms
1
Lot
5 ac
Current owner
From public records · entity-resolved
D & J Real Estate Holding Company L
Entity
Free & Clear · 3 yrs held
Mailing address
5419 COUNTY RD 427, AUBURN, IN 46706-9504
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2023
$2,280,000
D & J Real Estate Holding Company L
Oglesby Center LLC
Warranty Deed
—
Sep 10, 2010
—
Oglesby Center LLC
—
Trustees Deed
related
$2,048,000 · First Midwest Bank
Aug 5, 2008
$500,000
Oglesby Center LLC
Trust 13767-3
Grant Deed
—
Sep 6, 2006
—
Trust 13767-3
Trust 13767-2
Quit Claim Deed
related
—
May 15, 2006
—
Trust 13767-2
Trust 13767
Quit Claim Deed
related
—
Feb 28, 2005
—
Trust 13767
Ficker,elvera M
Grant Deed
related
—
—
—
Oglesby Center LLC
—
Deed Of Trust
related
—
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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