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    For Sale (15)

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    Residential Land in Trinity Terrace
    $124,900
    1.73 Acres

    Residential Land in Trinity Terrace

    1.73 acre lot in Emmons School District, Antioch, IL

    40575 N Terry Ln, Antioch, IL 60002
    View details
    Northbrook Land Subdivision Opportunity
    $1,650,000
    1.60 Acres

    Northbrook Land Subdivision Opportunity

    Prime 1.6-acre land, potential for subdivision or dream home.

    3190 Landwehr Rd, Northbrook, IL 60062
    View details
    Residential Land in Antioch, IL
    $34,900

    Residential Land in Antioch, IL

    Land for sale in Antioch, Illinois.

    56 Burnette Dr, Antioch, IL 60002
    View details
    Commercial Land in Downtown Alma
    $750,000
    1.30 Acres

    Commercial Land in Downtown Alma

    1.3 acres of commercial land near Alma College.

    323 W Superior St, Alma, MI 48801
    View details
    Channel Front Land on Chain
    $129,900

    Channel Front Land on Chain

    Residential land on Deliverance Channel, Chain O'Lakes, Lake Marie.

    26299 W Forest Ct W, Antioch, IL 60002
    View details
    Commercial Land in Stanley, NC
    $199,900
    0.80 Acres

    Commercial Land in Stanley, NC

    Commercial lot with frontage on Hwy 27 in Stanley.

    N Main St, Stanley, NC 28164
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    Vacant Land in Mt Pleasant
    Contact for pricing
    0.38 Acres

    Vacant Land in Mt Pleasant

    0.38 acre lot in a quiet, convenient neighborhood.

    Tbd Corvallis Dr, Mt Pleasant, MI 48858
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    Commercial Flex Unit on Rand
    $194,900
    1,700 SF

    Commercial Flex Unit on Rand

    Move-in ready commercial flex unit on high-traffic Rand Road.

    1000 N Rand Rd, Wauconda, IL 60084
    View details
    Stanley Multifamily Investment Opportunity
    $699,900
    1.09 Acres

    Stanley Multifamily Investment Opportunity

    Investment opportunity featuring duplexes and a manufactured home near Stanley.

    300 Taylor Rd, Stanley, NC 28164
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    Land For Sale, Antioch, IL
    $34,900

    Land For Sale, Antioch, IL

    Residential land available in Antioch, Illinois.

    49 Burnette Dr, Antioch, IL 60002
    View details
    Commercial Land in Mt Pleasant
    $260,000
    41.00 Acres

    Commercial Land in Mt Pleasant

    41 acres of commercially zoned land on Pickard Rd.

    E Pickard Rd, Mt Pleasant, MI 48858
    View details
    Corner Commercial Land Opportunity
    $199,000
    2.30 Acres

    Corner Commercial Land Opportunity

    2.3 acres zoned commercial on highly visible corner.

    19135 W Milburn Rd, Old Mill Creek, IL 60083
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    Prime Commercial Land For Sale
    $2,100,000
    8.00 Acres

    Prime Commercial Land For Sale

    8.86 acres ideal for motel, restaurant, and other businesses.

    7900 N Alger Rd, Alma, MI 48801
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    Prime Commercial Land For Sale
    Contact for pricing

    Prime Commercial Land For Sale

    8.86 acres of commercially zoned property ideal for development.

    7900 7990 7996 N Alger, Alma, MI 48801
    View details
    Commercial Lot on Hwy 27
    $199,900

    Commercial Lot on Hwy 27

    Large commercial lot with frontage on Hwy 27 in Stanley.

    000 N Main St, Stanley, NC 28164
    View details

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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
    Results Realty
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