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Property profile & analytics
OFF-MARKET
Estimated value
$1,980,000
Office buildings
5414 Grand Ave, Gurnee, IL 60031-1704
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-5664403
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
BRICK
Total area
6,172 SF
Lot
0.79 ac (34,552 SF)
APN
07-15-300-059
UPID
US28-5664403
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
-
Baskin-Robbins Grocery & Convenience Store Specialty Food Shop
-
Biryani Pointe - Gurnee Restaurant
-
Dunkin' Cafe & Coffee Shop
-
Howard Greer - GEICO Insurance Agent Insurance Agency
-
National Testing FREE Covid-19 Testing Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.14M
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$1.98M
Owner & transaction history
Gurnee Real Estate LLC · 3 yrs held
Gurnee Real Estate LLC
since 2023
Last sale
$1.9M
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
$2,180,000
ML approach
$2,140,000
CAP Approach
CAP Return
Estimation
6%
$1,515,000
6.5%
$1,395,000
7%
$1,295,000
Blend value · Realmo final
$1.98M
Range $1.78M – $2.18M · ±10% · vs last sale $1.86M (Apr 19 2023)
Last sale anchor
$1.86M
Apr 19 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
$321 / 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
$32,503
Tax year 2023
Assessed value
$337,920
Assessed 2023
Previous assessed
$328,078
+3.0% YoY
Effective rate
9.62%
On assessed value
Assessed land
$152,057
Assessed improvement
$185,863
Land market value
$456,217
Improvement market value
$557,645
Total market value
$1,013,862
Applied tax rate
8,042.0000
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
2006
Construction
BRICK
Heating
NONE
Cooling
CENTRAL
Stories
2
Bathrooms
1
Total area
6,172 SF
Lot
0.79 ac (34,552 SF)
APN
07-15-300-059
UPID
US28-5664403
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
2006
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Gurnee Real Estate LLC
Entity
Mailing address
1180 HEATHER DR, LAKE ZURICH, IL 60047-6707
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2023
$1,860,000
Gurnee Real Estate LLC
A V A Industries LLC
Special Warranty Deed
$1,395,000 · Land Of Lincoln Cu
Dec 20, 2017
$1,873,000
Ava Industries LLC
Zaz Investments LLC
Warranty Deed
$1,221,000 · Urban Partnership Bank
Jun 9, 2009
—
Zaz Investments LLC
—
Deed Of Trust
related
$1,750,000 · Midwest Bank & Trust Co
Mar 25, 2008
—
Zaz Investments LLC
—
Trustees Deed
related
$1,750,000 · Midwest Bank & Trust Co
Sep 7, 2006
—
Zaz Investments LLC
—
Trustees Deed
related
$825,000 · Midwest Bank & Trust Co
Oct 29, 2004
$887,500
Zaz Investments LLC
Hiffman,dennis J & Barbara J
Warranty Deed
$325,000 · Amjad & Zubaida Kadwani
Sep 16, 2003
$675,000
Dennis J Hiffman
Leverence JR,george
Grant Deed
$550,000 · State Financial Bank
—
—
Zaz Investments LLC
—
Deed Of Trust
related
$150,000 · First Bank & Trust
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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