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Property profile & analytics
OFF-MARKET
Estimated value
$4,780,000
Automotive properties
7255 Grand Ave, Gurnee, IL 60031-5270
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-1182816
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1999
Construction
BRICK
Total area
26,793 SF
Lot
5.78 ac (251,777 SF)
APN
07-18-210-025
UPID
US28-1182816
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
-
Gurnee Chrysler Jeep Dodge Ram Car Dealership Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.09M
Blend (final)
Blend
$4.78M
Owner & transaction history
Ms Gurnee LLC · 5 yrs held
Ms Gurnee LLC
since 2021
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.3M
+34.7%
Commercial (general)
$4.9M
+3.8%
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
$5,125,000
ML approach
$4,985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,685,000
Current use
OFFICE BUILDING
$6,305,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,860,000
Change: +4% · Conversion: Moderate
RESTAURANT
$4,570,000
Change: -2% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,540,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$4.78M
Range $4.30M – $5.26M · ±10% · vs last sale $4.50M (Apr 26 2021)
Last sale anchor
$4.50M
Apr 26 2021
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
$178 / 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
$119,424
Tax year 2023
Assessed value
$1,224,207
Assessed 2023
Previous assessed
$1,225,202
-0.1% YoY
Effective rate
9.76%
On assessed value
Assessed land
$768,086
Assessed improvement
$456,121
Land market value
$2,304,488
Improvement market value
$1,368,500
Total market value
$3,672,988
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1999
Construction
BRICK
Heating
NONE
Total area
26,793 SF
Lot
5.78 ac (251,777 SF)
APN
07-18-210-025
UPID
US28-1182816
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
AUTO REPAIR, GARAGE Current
Est. value
$4.7M
OFFICE BUILDING
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$4.9M
RESTAURANT
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$4.5M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
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
1999
Construction
BRICK
Heating
NONE
Lot
5.78 ac
Current owner
From public records · entity-resolved
Ms Gurnee LLC
Entity
Mailing address
7255 GRAND AVE, GURNEE, IL 60031-5270
Ownership since
2021
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
Sep 11, 2024
—
Ms Gurnee LLC
—
Deed
related
$60,000 · Bmo Harris Bank NA
Aug 1, 2022
—
Ms Gurnee LLC
—
Deed
related
$182,076 · Bmo Harris Bank NA
Feb 23, 2022
—
Ms Gurnee LLC
—
Deed
related
$176,076,000 · Bmo Harris Bank NA
Apr 26, 2021
$4,500,000
Ms Gurnee LLC
Fohrman Real Estate Company LLC
Special Warranty Deed
$177,125 · Bmo Harris Bank NA
Oct 17, 2012
—
Fohrman Family LP
—
Deed Of Trust
related
$20,772,804 · J P Morgan Chase Bank
Dec 7, 2009
—
Fohrman Family
—
Deed Of Trust
related
$7,100,000 · J P Morgan Chase Bank
—
—
Fohrman Family LP
—
Loan Modification
related
$2,486,402 · Jp Morgan Chase Bk
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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