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    Lance Kammes, Wheaton, IL

    License ID: 475090263
    Years of Experience
    3
    Languages
    English
    Association
    Illinois Association Of Realtors

    Service Locations

    Contact details

    Phone:
    (847) 577-9888
    Office Address:
    1417 N Main St, Wheaton, Illinois, 60187

    Property Types

    • Commercial Lease
    • Commercial Sale
    • Land

    Performance

    Listings
    17
    Total transactions
    948
    Total transactions amount
    $364M
    Price range
    $4k - 1.8M
    Average price
    $384k

    Listings

    For Sale (12)

    View map
    • $295,000
      2.10 Acres

      West Chicago Land for Custom Home

      Vacant lot near forest preserve, utilities available, owner financing.
      28w185 Geneva Rd, West Chicago, IL 60185
      View Details
    • $895,000
      0.76 Acres

      Versatile Commercial Building, West Chicago

      Adaptable building suitable for school, daycare, office, or religious use.
      331 George St, West Chicago, IL 60185
      View Details
    • $415,000
      0.29 Acres

      Residential Lot Backing Prairie Path

      0.29-acre lot in South Wheaton backing to Illinois Prairie Path.
      1028 Lodalia Ct, Wheaton, IL 60189
      View Details
    • $425,000
      0.24 Acres

      Prime Lot in North Wheaton

      Desirable lot in North Wheaton near schools, Metra, and downtown.
      114 W Prairie Ave, Wheaton, IL 60187
      View Details
    • $895,000
      0.76 Acres

      Versatile Building in West Chicago

      Adaptable building suitable for school, daycare, religious facility, or offices.
      331 George St, West Chicago, IL 60185
      View Details
    • $995,000
      0.96 Acres

      Established Auto Repair Shop For Sale

      Well-established auto repair shop with 49-year legacy available for sale.
      10534 S Michigan Ave, Chicago, IL 60628
      View Details
    • $225,000
      0.86 Acres

      West Chicago Development Opportunity

      Land zoned for 18 units near train, shopping, and dining.
      155 S Oakwood Ave, West Chicago, IL 60185
      View Details
    • $199,900
      0.37 Acres

      Downers Grove Land Opportunity

      0.37 acre lot for custom home in Downers Grove.
      4226 Florence Ave, Downers Grove, IL 60515
      View Details
    • $2,950,000
      Pending

      Bartlett Land for Residential Development

      19 +/- acres of R4 zoned land in Bartlett, Illinois.
      5n444 S Bartlett Rd, Bartlett, IL 60103
      View Details
    • $1,116,000
      15,000 SF

      Chicago Auto Shop - $1.1M

      Established Auto Repair Shop, High Traffic Area
      10534 Michigan Ave, Chicago, IL 60628
      View Details
    • $2,950,000
      19.15 Acres

      Bartlett Land: 19 Acres R4 Zoning

      Prime Bartlett development land, 19+ acres, R4 zoning.
      5N444 Bartlett Rd, Bartlett, IL 60103
      View Details
    • $1,099,000
      6,755 SF

      Oak Brook Terrace Office Space

      6700+ sqft office space in Oak Brook Terrace.
      1 Transam Plaza Dr, Oakbrook Terrace, IL 60181
      View Details

    For Lease (5)

    View map
    • Contact for pricing

      West Chicago Commercial Building For Lease

      11,950 sq ft building suitable for school, daycare, office.
      331 George St, West Chicago, IL 60185
      View Details
    • Contact for pricing

      Elgin Industrial Rental Unit

      1500 SF warehouse with mezzanine and designated parking.
      765 Villa St, Elgin, IL 60120
      View Details
    • Contact for pricing

      Renovated Commercial Building in Warrenville

      Prime renovated commercial building in the heart of downtown Warrenville.
      28w520 Batavia Rd, Warrenville, IL 60555
      View Details
    • $166 SF/Yr
      1,721 SF

      Wheaton Office Space: 1721 sq ft

      Single-tenant office, prime Wheaton location.
      933 Liberty Dr, Wheaton, IL 60187
      View Details
    • $16 SF/Yr
      2,329 SF

      St. Charles Office Space

      Bright office space in St. Charles with private entrance.
      459 Dunham Rd, St Charles, IL 60174
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Lance Kammes, Wheaton, IL
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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.

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