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Property profile & analytics
OFF-MARKET
Estimated value
$1,765,000
Hotels
6080 Gurnee Mls E Cir, Gurnee, IL 60031-5272
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-1968285
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1992
Construction
BRICK
Total area
28,152 SF
Lot
0.98 ac (42,689 SF)
APN
07-16-201-007
UPID
US28-1968285
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
$1.66M
Blend (final)
Blend
$1.77M
Owner & transaction history
Sosavi LLC · 6 yrs held
Sosavi LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+45.3%
Medical building
$2.4M
+29.4%
Auto repair, garage
$2.4M
+27.3%
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
HOTEL/MOTEL
$1,860,000
Current use
RESTAURANT
$2,700,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$2,405,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,365,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,310,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$2,115,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$1.77M
Range $1.59M – $1.94M · ±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
$63 / 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
$57,179
Tax year 2023
Assessed value
$604,206
Assessed 2023
Previous assessed
$586,608
+3.0% YoY
Effective rate
9.46%
On assessed value
Assessed land
$208,165
Assessed improvement
$396,041
Land market value
$624,557
Improvement market value
$1,188,242
Total market value
$1,812,799
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1992
Construction
BRICK
Heating
NONE
Total area
28,152 SF
Lot
0.98 ac (42,689 SF)
APN
07-16-201-007
UPID
US28-1968285
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
$1.9M
RESTAURANT
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.1M
HOTEL/MOTEL Current
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
1992
Construction
BRICK
Heating
NONE
Lot
0.98 ac
Current owner
From public records · entity-resolved
Sosavi LLC
Entity
Mailing address
6080 GURNEE MLS CIR E #100, GURNEE, IL 60031-5272
Ownership since
2019
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
Jan 14, 2020
—
Sosavi LLC
—
Deed
related
$2,400,000 · Heartland Bk
Aug 26, 2019
$4,711,500
Sosavi LLC
Sum Hospitality INC
Special Warranty Deed
$2,400,000 · Heartland Bank & Trust Co
Oct 31, 2017
—
Sum Hospitality INC
—
Deed
related
$2,348,866 · Advia Cu
Nov 7, 2011
$1,650,000
Sum Hospitality INC
Heritage Inn Of Gurnee Mills INC
Warranty Deed
$1,745,000 · International Bank Of Chicago
—
—
Sum Hospitality INC
—
Deed Of Trust
related
$250,000 · International Bank Of Chicago
—
—
Sosavi LLC
—
Deed Of Trust
related
$2,400,000 · Heartland Bk
—
—
Sum Hospitality INC
—
Deed Of Trust
related
$2,348,866 · Advia Cu
—
—
Sosavi LLC
—
Deed Of Trust
related
$1,481,000 · Somercor 504
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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