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Property profile & analytics
OFF-MARKET
Estimated value
$4,795,000
Hotels
6090 Gurnee Mls E Cir, Gurnee, IL 60031-5272
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-1514471
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1992
Construction
BRICK
Total area
28,668 SF
Lot
1.41 ac (61,420 SF)
APN
07-09-409-004
UPID
US28-1514471
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
$4.80M
CAP Approach
CAP
$2.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.80M
Owner & transaction history
Ajj Gurnee Hospitality LLC · 1 yrs held
Ajj Gurnee Hospitality LLC
since 2024
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.1M
+117.1%
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
$4,795,000
ML approach
$4,795,000
CAP Approach
CAP Return
Estimation
6%
$3,215,000
6.5%
$2,970,000
7%
$2,760,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,105,000
Change: +117% · Conversion: Difficult
Blend value · Realmo final
$4.80M
Range $4.32M – $5.27M · ±10% · vs last sale $4.79M (Dec 4 2024)
Last sale anchor
$4.79M
Dec 4 2024
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
$167 / 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
$58,478
Tax year 2023
Assessed value
$617,939
Assessed 2023
Previous assessed
$599,940
+3.0% YoY
Effective rate
9.46%
On assessed value
Assessed land
$309,743
Assessed improvement
$308,196
Land market value
$929,322
Improvement market value
$924,680
Total market value
$1,854,002
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
28,668 SF
Lot
1.41 ac (61,420 SF)
APN
07-09-409-004
UPID
US28-1514471
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
COMMERCIAL (GENERAL)
Est. value
$4.1M
COMMERCIAL (GENERAL)
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
1.41 ac
Current owner
From public records · entity-resolved
Ajj Gurnee Hospitality LLC
Entity
Mailing address
6090 GURNEE MLS CIR E, GURNEE, IL 60031-5272
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Dec 4, 2024
$4,794,500
Ajj Gurnee Hospitality LLC
Gurnee Hospitality LLC
Special Warranty Deed
$25,000 · Shoreham Bank
Nov 25, 2024
—
Ajj Gurnee Hospitality LLC
Gurnee Hospitality LLC
Deed
related
—
Feb 25, 2022
—
Gurnee Hospitality LLC
—
Deed
related
$1,000,000 · United States Small Business Admin
Jan 18, 2019
$2,435,000
Gurnee Hospitality LLC
Enhanced Gurnee LLC
Grant Deed
$3,276,000 · State Bk/tx
Jul 10, 2018
$4,158,829
Enhanced Gurnee LLC
Fargo Hotels Pool C Re W2005
Grant Deed
—
Nov 20, 2017
—
W2005/fargo Hotels Pool C Re
—
Grant Deed
related
$960,000,000 · Jp Morgan Chase Bk
May 5, 2006
$5,858,000
Fargo Hotels Pool C Real W2005
Midwest Heritage Inn Of Gurnee Mi
Deed Of Trust
$671,778,015 · Column Financial INC
May 5, 2006
—
Fargo Hotels Pool C Real W2005
Midwest Heritage Inn Of Gurnee Mi
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.
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