New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,265,000
Hotels
5724 Northridge Dr, Gurnee, IL 60031-4911
Individually Owned
Free & Clear
Property ID
US28-2060995
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1997
Construction
BRICK
Total area
47,283 SF
Lot
2.35 ac (102,366 SF)
APN
07-16-404-049
UPID
US28-2060995
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
-
Extended Stay America - Chicago - Gurnee Hotel & Motel Vacation Rental
-
stay america Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.90M
Comparable Approach
Comparable
$3.63M
Blend (final)
Blend
$4.27M
Owner & transaction history
Esa P Portfolio Operating Lessee Ll
Esa P Portfolio Operating Lessee Ll
since 2025
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.8M
+117.1%
Restaurant
$4.5M
+45.3%
Medical building
$4.0M
+29.4%
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%
$5,305,000
6.5%
$4,900,000
7%
$4,550,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,120,000
Current use
COMMERCIAL (GENERAL)
$6,770,000
Change: +117% · Conversion: Difficult
RESTAURANT
$4,530,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$4,035,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,975,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,880,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$3,550,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$4.27M
Range $3.84M – $4.69M · ±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
$90 / 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
$126,864
Tax year 2023
Assessed value
$1,318,960
Assessed 2023
Previous assessed
$1,280,544
+3.0% YoY
Effective rate
9.62%
On assessed value
Assessed land
$379,532
Assessed improvement
$939,428
Land market value
$1,138,710
Improvement market value
$2,818,566
Total market value
$3,957,276
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1997
Construction
BRICK
Heating
NONE
Total area
47,283 SF
Lot
2.35 ac (102,366 SF)
APN
07-16-404-049
UPID
US28-2060995
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
HOTEL/MOTEL Current
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$6.8M
RESTAURANT
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.6M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1997
Construction
BRICK
Heating
NONE
Lot
2.35 ac
Current owner
From public records · entity-resolved
Esa P Portfolio Operating Lessee Ll
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 49550, CHARLOTTE, NC 28277-9550
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2025
—
Esa P Portfolio Operating Lessee Ll
Esa P Portfolio LLC
Deed
—
Dec 20, 2021
—
Deutsche Bank Ag
—
Deed
related
—
Jul 16, 2021
—
Esa P Portfolio LLC
Esa P Portfolio Operating Lessee Ll
Lease
$465,000,000 · Jpmorgan Chase Bank NA
Dec 20, 2012
—
Esa P Portfolio LLC
—
Deed Of Trust
related
—
Apr 6, 2006
—
Bre Of Esa P Portfolio LLC
Bre Of Esa Properties LLC
Quit Claim Deed
—
Jun 3, 2004
—
Bre Esa Properties LLC
Esa Illinois LLC
Quit Claim Deed
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.
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?”
You own 5724 Northridge Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
