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Property profile & analytics
OFF-MARKET
Estimated value
$2,180,000
Outlet malls
6050 Gurnee Mls E Cir, Gurnee, IL 60031-5272
Entity Owned
~
Est. High Equity
Property ID
US28-1554790
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1992
Construction
BRICK
Total area
46,450 SF
Lot
2 ac (87,120 SF)
APN
07-16-201-008
UPID
US28-1554790
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.55M
Blend (final)
Blend
$2.18M
Owner & transaction history
Joycemark LLC
Joycemark LLC
since 2026
Last sale
$3.0M
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
Blend value · Realmo final
$2.18M
Range $1.96M – $2.40M · ±10% · vs last sale $3.00M (Jul 27 2025)
Last sale anchor
$3.00M
Jul 27 2025
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
$47 / 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
$64,610
Tax year 2023
Assessed value
$682,736
Assessed 2023
Previous assessed
$662,851
+3.0% YoY
Effective rate
9.46%
On assessed value
Assessed land
$301,807
Assessed improvement
$380,929
Land market value
$905,512
Improvement market value
$1,142,901
Total market value
$2,048,413
Applied tax rate
8,029.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1992
Construction
BRICK
Heating
NONE
Total area
46,450 SF
Lot
2 ac (87,120 SF)
APN
07-16-201-008
UPID
US28-1554790
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
1992
Construction
BRICK
Heating
NONE
Lot
2 ac
Current owner
From public records · entity-resolved
Joycemark LLC
Entity
Mailing address
225 W HUBBARD ST FL #4, CHICAGO, IL 60654-4916
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2026
$3,000,000
Joycemark LLC
Crd Gurnee II LLC
Special Warranty Deed
$3,692,134 · Lakeside Bank
Oct 27, 2025
$3,000,000
Omar & Sons Management LLC
Crd Gurnee II LLC
Special Warranty Deed
—
Aug 20, 2024
—
Texas Roadhouse Holdings LLC
Crd Gurnee II LLC
Lease
—
Nov 23, 2020
—
Crd Gurnee Il LLC
—
Deed
related
—
Aug 25, 2020
—
Crd Gurnee Il LLC
—
Deed
related
—
Jul 11, 2019
$2,700,000
Crd Gurnee II LLC
Tru Trust 2016 LLC
Special Warranty Deed
$1,842,750 · Lakeside Bank
Nov 9, 2018
—
Tru Trust 2016 LLC
Toys R Us Property Co II LLC
Grant Deed
related
—
Sep 21, 2018
$4,017,182
Tru Trust 2016 LLC
Toys R Us Property Co II LLC
Warranty Deed
—
Nov 7, 2016
—
Toys R Us Property Co II LLC
—
Deed
related
$512,000,000 · Goldman Sachs Mtg
Dec 29, 2009
—
Toys R Us Property Co II LLC
—
Deed Of Trust
related
$725,000,000 · Bank Of Ny Mellon
—
—
Toys R Us Property Co II LLC
—
Deed Of Trust
related
$512,000,000 · Goldman Sachs Mtg
—
—
Crd Gurnee Il LLC
—
Loan Modification
related
—
—
—
Crd Gurnee Il LLC
—
Loan Modification
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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