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    Homer Glen Basement Storage Space Title is generated by Realmo AI

    14328 S Golden Oak Drive, Homer Glen, IL 60491

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    COMMERCIAL - Homer Glen, IL

    Added:
    Dec 26, 2025
    Days on Market:
    147
    Last Refresh:
    May 22 at 5:06 am

    Property Features for 14328 S Golden Oak Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    COMMR
    Standard status
    Active

    Building Details

    Year built
    1990
    Floors in Building
    1

    We can help!

    Listing Contact
    Chris Fischer
    Chris Fischer

    Listing agent Chris Fischer

    Listing office Crosstown Realtors, Inc. 15252 W. 143rd Street, Homer Glen, IL

    Listing date Dec 26, 2025

    MLS# 12537229

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 2,300 sq ft basement storage space in the well‑maintained Golden Oak Building.
    • Approved for storage use with separately metered utilities.
    • Durable Flexicore concrete construction with 9‑foot ceilings.
    • Two separate means of egress for safety.
    • Ideal for contractor equipment, business inventory, or records storage.
    • Convenient southwest suburban location in Homer Glen with flexible lease terms.

    Overview

    Basement industrial storage space is available within the well-maintained Golden Oak Building in Homer Glen. The space offers approximately 2,300 square feet of usable basement area, approved for storage use only. It is a non-occupiable space, unsuitable for office, retail, or staffed operations. The space features 9-foot ceilings and all Flexicore concrete construction for durability and sound attenuation. It includes two separate means of egress and separately metered utilities. Access is via stairs only, as there is no elevator. Designed for quiet, low-impact storage use, it is compatible with the retail units located above. Ideal uses include contractor equipment and material storage, business inventory, records and document storage, or overflow commercial storage. Daily occupancy, customer access, manufacturing, or workshop use are not permitted. Flexible lease terms are available, presenting an opportunity for businesses seeking secure, affordable storage in a convenient southwest suburban location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Homer Glen
    County
    Will
    State
    Illinois
    Longitude
    -87.9411791
    Latitude
    41.6281339

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    FAQs

    What type of property is this?
    Warehouse - Basement storage in Golden Oak Building, Homer Glen. Approved storage.
    Where is this warehouse located?
    The property is located at 14328 S Golden Oak Drive Homer Glen, IL.
    What are key features of this property?
    This property features: Large 2,300 sq ft basement storage space in the well‑maintained Golden Oak Building.; Approved for storage use with separately metered utilities.; Durable Flexicore concrete construction with 9‑foot ceilings.
    (708) 949-4379
    We can help!
    Listing Contact
    Chris Fischer
    Chris Fischer
    Learn More
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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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