Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1829 Oakton St Des Plaines, IL 60018-2111

    This is a solid brick, one-story building featuring 3,200 square feet of space and a 10-car parking lot. The property is zoned to allow for a range of potential uses, including offices, medical facilities, child care centers, retail spaces, studios, and showrooms in the front, with warehouse space in the rear.
    • Office buildings
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    $225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-0198624
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Starkey Headset Group / Manufacturer

    Property Details for 1829 Oakton St

    Year built
    1965
    Lot size
    0.07 lot acres
    Property type
    Office buildings
    APN
    09-28-104-007
    APU
    928104007

    Property Overview

    This is a solid brick, one-story building featuring 3,200 square feet of space and a 10-car parking lot. The property is zoned to allow for a range of potential uses, including offices, medical facilities, child care centers, retail spaces, studios, and showrooms in the front, with warehouse space in the rear.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $225,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Des Plaines
    County
    Cook
    State
    Illinois
    Longitude
    -87.8788
    Latitude
    42.0241
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $7,550
    $10,937
    $18,406
    $29,343
    -
    $43,748
    $73,624
    $117,372

    Comparable in this City

    • Value Estimation
      $475,000
      3.29 Acres

      2600 Riv Rd

      OFFICE BUILDING (MULTI-STORY) • 3.29 Acres
      2600 Riv Rd, Des Plaines, IL 60018-3203
      View Details
    • Value Estimation
      $420,000
      3.07 Acres

      1011 Touhy Ave

      OFFICE BUILDING (MULTI-STORY) • 3.07 Acres
      1011 Touhy Ave, Des Plaines, IL 60018-5802
      View Details
    • Value Estimation
      $530,000
      7.09 Acres

      2300 Devon Ave

      OFFICE BUILDING (MULTI-STORY) • 7.09 Acres
      2300 Devon Ave, Des Plaines, IL 60018-4696
      View Details
    • Value Estimation
      $500,000
      4.92 Acres

      9801 Higgins Rd

      OFFICE BUILDING (MULTI-STORY) • 4.92 Acres
      9801 Higgins Rd, Rosemont, IL 60018-4704
      View Details
    • Value Estimation
      $540,000
      2.19 Acres

      9399 Higgins Rd

      OFFICE BUILDING (MULTI-STORY) • 2.19 Acres
      9399 Higgins Rd, Rosemont, IL 60018-6900
      View Details
    • Value Estimation by Request

      5420 Pearl St

      OFFICE BUILDING (MULTI-STORY)
      5420 Pearl St, Des Plaines, IL 60018
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      136,000 SF

      Class A Office Building

      Four-story office building with Class A amenities and strong transit access.
      5500 Pearl St, Des Plaines, IL 60018
      View Details
    • $844,000

      Rosemont 6-Flat Investment Opportunity

      Prime Rosemont location, 6-unit multifamily building.
      10490 Betty Ct, Rosemont, IL 60018
      View Details
    • $849,900
      8,400 SF

      Retail Property in Des Plaines

      Retail property available for sale in Des Plaines, Illinois.
      1617 E Oakton St, Des Plaines, IL 60018
      View Details
    • $444,990

      Spacious Home with Bonus Room

      Three-bedroom home with bonus room, rear garage, and balcony.
      1550 Times Dr, Des Plaines, IL 60018
      View Details
    • Contact for pricing

      Des Plaines Industrial Land Available

      Industrial land in Des Plaines, suitable for various manufacturing purposes.
      175 W Oakton St, Des Plaines, IL 60018
      View Details
    • $150,000
      39,173 SF

      10700 Higgins Rd, Rosemont, IL 60018

      Office Properties & Spaces • 39,173 SF
      10700 Higgins Rd, Rosemont, IL 60018
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      8,664 SF

      Five-Story Office Building For Rent

      Office building with views, fitness center, and customizable spaces.
      1011 E Touhy Ave, Des Plaines, IL 60018
      View Details
    • $23 SF/Yr
      31,572 SF

      Multi-Tenant Office Building For Rent

      Five-story office building near O'Hare with customizable spaces.
      1111 E Touhy Ave, Des Plaines, IL 60018
      View Details
    • $21 SF/Yr
      106,175 SF

      O'Hare Corporate Towers Office Space

      Rosemont, IL Office Building - Prime Location
      10400 Higgins Rd, Rosemont, IL 60018
      View Details
    • $7 SF/Yr
      28,851 SF

      Des Plaines Warehouse Space Available

      Multiple Suites, 773-3250 sqft
      100-180 Touhy Ct, Des Plaines, IL 60018
      View Details
    • $19 SF/Yr
      99,000 SF

      O'Hare Office Park - Des Plaines

      Modern Office Space Near O'Hare
      2250 Devon Ave, Des Plaines, IL 60018
      View Details
    • $10 SF/Yr
      20,000 SF

      Des Plaines Manufacturing/Distribution Space

      20,000 SF Des Plaines space ideal for manufacturing/distribution.
      2063 Frontage Rd, Des Plaines, IL 60018
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1829 Oakton St
    Des Plaines, IL 60018-2111
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.