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    Baird & Warner

    836 W. 75th Street, Suite 112, Naperville, IL 60565
    (630) 853-2370
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    Size: 10+ agents

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    • Commercial Sale
    • Residential Multi Family

    Listings

    For Sale (15)

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    Buildable Lot in Utica, IL
    $39,000

    Buildable Lot in Utica, IL

    Buildable lot near parks and historic downtown Utica.

    511 W Washington St, Utica, IL 61373
    View details
    Gage Park Land Opportunity
    $280,000
    0.29 Acres

    Gage Park Land Opportunity

    Versatile lot in Chicago's Gage Park neighborhood.

    5009-15 S Homan Ave, Chicago, IL 60632
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    Chicago Commercial Lot For Sale
    $280,000
    0.29 Acres

    Chicago Commercial Lot For Sale

    Versatile commercial lot in Chicago's Gage Park neighborhood.

    5009-15 S Homan Ave, Chicago, IL 60632
    View details
    Warrenville, IL Improved Lot
    $105,900
    0.18 Acres

    Warrenville, IL Improved Lot

    Fully improved lot with utilities near I-88 and Winfield Rd.

    Elizabeth St, Warrenville, IL 60555
    View details
    Residential Land in Wilmington, IL
    $70,000

    Residential Land in Wilmington, IL

    Residential land available in Wilmington, Illinois.

    109 Largemouth Ln, Wilmington, IL 60481
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    Winfield Land For Sale
    $30,000
    0.52 Acres

    Winfield Land For Sale

    Land available in Winfield, Illinois.

    27W0S Roosevelt Rd, Winfield, IL 60190
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    Residential Land Overlooking Vermillion River
    Contact for pricing
    0.80 Acres

    Residential Land Overlooking Vermillion River

    0.8 acre residential lot with utilities nearby in Oglesby.

    30 Foot Trl Rd, Oglesby, IL 61348
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    Versatile Commercial Building in LaSalle
    $1,400,000
    1.23 Acres

    Versatile Commercial Building in LaSalle

    Expansive commercial building with flexible zoning and high visibility.

    235 3Rd St, La Salle, IL 61301
    View details
    Berwyn Investment Two-Flat with Updates
    $459,000

    Berwyn Investment Two-Flat with Updates

    Updated Berwyn two-flat with tenants, near Amtrak and Mac Neal.

    3213 Cuyler Ave, Berwyn, IL 60402
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    Retail Property in Sheridan, IL
    $130,200
    0.07 Acres

    Retail Property in Sheridan, IL

    Commercial property for sale in Sheridan, Illinois.

    165 W Si Johnson Ave, Sheridan, IL 60551
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    Chicago Land Ready For Development
    Contact for pricing
    0.07 Acres

    Chicago Land Ready For Development

    Standard Chicago lot in West Garfield Park ready for development.

    3929 W Flournoy St, Chicago, IL 60624
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    Chicago Lot in North Lawndale
    Contact for pricing
    0.07 Acres

    Chicago Lot in North Lawndale

    Fenced 25x125 lot in Chicago's North Lawndale neighborhood.

    3909 W Fillmore St, Chicago, IL 60624
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    Corner Lots in Lisle, IL
    $49,900
    0.25 Acres

    Corner Lots in Lisle, IL

    Prime location land near downtown Lisle, Metra, and I88.

    13 And 14, Lisle, IL 60532
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    Residential Land Near Downtown Lisle
    $99,000
    0.40 Acres

    Residential Land Near Downtown Lisle

    Residential land for sale, ideal location near downtown Lisle.

    11 And 12, Lisle, IL 60532
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    Residential Lot in Winfield, IL
    $55,000

    Residential Lot in Winfield, IL

    Residential lot suitable for building a home in Winfield.

    0S760 Cleveland St, Winfield, IL 60190
    View details

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    Baird & Warner
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Baird & Warner
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