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Property profile & analytics
OFF-MARKET
Estimated value
$2,240,000
Retail space
6615 Grand Ave, Gurnee, IL 60031-4591
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-2084059
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2015
Construction
BRICK
Total area
5,460 SF
Lot
0.77 ac (33,454 SF)
APN
07-17-202-022
UPID
US28-2084059
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
-
Shipping Point Courier Service Postal Service
-
Law Offices of Laura D. Frye, Ltd. Law Firm Financial Advisor
-
The King's Council Association / Organization
-
Parenting Partners Inc Medical Clinic
-
Blanchard Accounting & Tax Services LLC Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.24M
Owner & transaction history
Nolou LLC · 1 yrs held
Nolou LLC
since 2024
Last sale
$2.2M
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
$2,240,000
ML approach
$2,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.24M
Range $2.02M – $2.46M · ±10% · vs last sale $2.24M (Jul 9 2024)
Last sale anchor
$2.24M
Jul 9 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
$410 / 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
$24,707
Tax year 2023
Assessed value
$261,081
Assessed 2023
Previous assessed
$253,478
+3.0% YoY
Effective rate
9.46%
On assessed value
Assessed land
$131,791
Assessed improvement
$129,290
Land market value
$395,413
Improvement market value
$387,909
Total market value
$783,322
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2015
Construction
BRICK
Heating
NONE
Total area
5,460 SF
Lot
0.77 ac (33,454 SF)
APN
07-17-202-022
UPID
US28-2084059
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
2015
Construction
BRICK
Heating
NONE
Lot
0.77 ac
Current owner
From public records · entity-resolved
Nolou LLC
Entity
Mailing address
449 N CLARK ST STE #400, CHICAGO, IL 60654-4500
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2024
—
Nolou LLC
—
Deed
related
$921,000 · Small Business Growth Corporation
Jul 9, 2024
$2,240,000
Nolou LLC
Kdp Gurnee III LLC
Special Warranty Deed
$1,123,000 · Libertyville Bank & Trust Co
Jul 17, 2020
$1,600,000
Kdp Gurnee III LLC
Mattress Firm INC
Special Warranty Deed
$1,695,096 · Lakeside Bank
Sep 20, 2016
$2,811,488
Mattress Firm INC
Scp Realty Fund-i Gurnee LLC
Grant Deed
—
Jan 30, 2015
—
Scp Realty Fund-i Gurnee LLC
—
Trustees Deed
related
$1,289,513 · Busey Bk
Jan 10, 2011
$150,000
Scp Realty Fund-i Gurnee LLC
Gurnee Grand Avenue LLC
Grant Deed
—
Apr 11, 2008
$375,000
Gurnee Grand Avenue LLC
Home Depot USA INC
Grant Deed
—
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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