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Property profile & analytics
OFF-MARKET
Estimated value
$2,205,000
Retail space
4949 Grand Ave, Gurnee, IL 60031-1821
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-2436956
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Construction
BRICK
Total area
22,575 SF
Lot
2.6 ac (113,212 SF)
APN
07-15-410-021
UPID
US28-2436956
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
-
Real Living Properties Real Estate Agency
-
Jalisco Mexican Restaurant Restaurant
-
Best Panda Chinese Restaurant Restaurant
-
Kyoto Ramen gurnee Restaurant
-
Grand Mill Plaza Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.21M
Owner & transaction history
Gkka LLC · 4 yrs held
Gkka LLC
since 2022
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,870,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,525,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$2.21M
Range $1.98M – $2.43M · ±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
$98 / 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
$83,649
Tax year 2023
Assessed value
$857,357
Assessed 2023
Previous assessed
$832,386
+3.0% YoY
Effective rate
9.76%
On assessed value
Assessed land
$226,685
Assessed improvement
$630,672
Land market value
$680,123
Improvement market value
$1,892,205
Total market value
$2,572,328
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
1984
Construction
BRICK
Heating
NONE
Total area
22,575 SF
Lot
2.6 ac (113,212 SF)
APN
07-15-410-021
UPID
US28-2436956
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
BRICK
Heating
NONE
Lot
2.6 ac
Current owner
From public records · entity-resolved
Gkka LLC
Entity
Mailing address
36905 N DEERVIEW DR, LAKE VILLA, IL 60046-6724
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2024
—
Gkka LLC
—
Deed
related
$154,000 · Belmont Bank & Trust Company
Mar 7, 2022
—
Gkka LLC
Chicago Title Land Trust Company
Deed
—
Mar 3, 2022
—
Chicago Title Land Trust Company
—
Deed
related
$3,426,000 · Belmont Bank & Trust Company
Oct 27, 2021
—
Marnat LLC
Chicago Title Land Trust Company
Lease
—
May 3, 2021
—
Chicago Title Land Trust Company
—
Deed
related
$10,000 · 6 Point Capital Fund II LLC
Dec 3, 2018
—
Trust Number 2228
—
Trustees Deed
related
$1,800,000 · Budman Building LLC
Nov 15, 2016
—
Trust 2228
—
Deed
related
$60,000 · State Bk/lakes
—
—
Trust 2228
—
Deed Of Trust
related
$1,189,000 · State Bank Of The Lakes
—
—
Trust 2228
—
Deed Of Trust
related
$1,006,164 · State Bank Of The Lakes
—
—
Trust 2228
—
Deed Of Trust
related
$60,000 · State Bk/lakes
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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