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    The Largest CRE Database in the US with Over 1 Million Listings

    Michael Carpenter, Sycamore, IL

    License ID: 471009955
    RVG Commercial Realty
    Years of Experience
    18

    Contact details

    Phone:
    (815) 540-5101

    Performance

    Listings
    13
    Total transactions
    57
    Total transactions amount
    $22M
    Price range
    $257k - 579k
    Average price
    $386k

    Listings

    For Sale (11)

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    • $302,770
      3,126 SF

      Sycamore Condo: High-Return Investment

      Fully leased office/light industrial condo with high cap rate.
      920 Prairie Dr, Sycamore, IL 60178
      View Details
    • Contact for pricing
      7,200 SF

      Turnkey Salon with Expansion Potential

      Fully improved salon with suite rental income potential.
      2525 Bethany Rd, Sycamore, IL 60178
      View Details
    • $1,573,333
      6,000 SF

      Sycamore Medical Office Building

      High-yield, fully leased medical office.
      1830 Mediterranean Dr, Sycamore, IL 60178
      View Details
    • Contact for pricing
      8,904 SF

      Spacious Retail/Event Space For Sale

      8,904 SF retail/event space with cold storage.
      308 Fort Bayard St, Santa Clara, NM
      View Details
    • Contact for pricing

      Sonoma Ranch Corridor Land

      Land in high-traffic area near residential and commercial development.
      4152 Essex Ct, Las Cruces, NM
      View Details
    • $549,000
      1,884 SF

      Winter Park Office Investment

      Prime Winter Park office building with C-1 zoning.
      4965 N Palm Ave, Winter Park, FL 32792
      View Details
    • $173,900
      1,339 SF

      Medical Testing Center for Sale

      Turn-key medical testing center in Algonquin, Illinois.
      1449 Merchant Dr, Algonquin, IL 60102
      View Details
    • $258,500
      1,860 SF

      Medical Condos For Sale

      High-end, income-producing medical condos with 10.25 cap rate.
      1447 Merchant Dr, Algonquin, IL 60102
      View Details
    • Contact for pricing

      Sonoma Ranch Commercial Lot

      1.29 acre commercial lot in thriving Sonoma Ranch corridor.
      4152 Essex Ct, Las Cruces, NM 88011
      View Details
    • $889,000

      DeKalb Land Parcel For Sale

      Land parcel available south of Route 38 and Gurler Road.
      17742 Somonauk Rd S, Dekalb, IL 60115
      View Details
    • $1,500,000

      Sycamore Commercial Property for Sale

      Commercial property for sale at California and High Street.
      220-224 S California St, Sycamore, IL 60178
      View Details

    For Lease (2)

    View map
    • Contact for pricing
      9,200 SF

      Sonoma Ranch Office Space

      9,200 SF office space available for lease.
      4104 Sonoma Ranch Blvd, Las Cruces, NM 88011
      View Details
    • $16 SF/Yr

      Retail/Office Space Near High School

      Two units available with high visibility and abundant parking.
      630 Plaza Dr, Sycamore, IL 60178
      View Details

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    Michael Carpenter, Sycamore, 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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    Michael Carpenter, Sycamore, IL
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