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    Office Suites and Storefronts Available Title is generated by Realmo AI

    100 S Atkinson Road 202, Grayslake, IL 60030

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    For Lease
    $800/Mo $1.67 SF/Yr (calc)

    Office suites and storefronts available in a fantastic location.

    Type:Commercial/Industrial
    Property size:
    5,750 SF
    Added:
    Jun 13, 2023
    Days on Market:
    1074
    Last Refresh:
    May 20 at 1:51 am

    Property Features for 100 S Atkinson Road 202

    General Information

    Standard status
    Active
    Size
    5,750 SF
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1995

    We can help!

    Listing Contact
    Nyssa Fenske
    Nyssa Fenske

    Listing agent Nyssa Fenske License #475184517

    Listing office Keller Williams Success Realty

    Listing date Jun 13, 2023

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Success Realty

    HighLights

    • Versatile Space: Suites and storefronts available, ranging from 150‑sf to 5,750‑sf.
    • Prime Location: Situated at a busy intersection.
    • Flexible Zoning: Wide range of permitted uses (check with Grayslake zoning).
    • Elevator Access: Elevator provides access to office suites.
    • Diverse Use Potential: Suitable for retail, office, or service‑oriented businesses.
    • Established Building: Built in 1995.

    Overview

    Office suites and storefronts are available, ranging in size from 150 square feet to 5,750 square feet. The building features an elevator providing access to the office suites. The property benefits from a busy intersection location. Permitted zoning uses include greenhouse or nursery, construction materials sales and storage, welding shop, community center, medical labor clinic, nursery school or other child care facility, post office, government office, game room, apparel store, appliance sales and service, barber or beauty shop, beverage distributor wholesale, billiards parlor, boat sales and storage inside repair and rental, department store, drug store, equipment rental indoor, exterminating or fumigation, financial institution services, fish or meat market retail, furniture sales, grocery or food store, hardware store, laundry mat, monuments retail, motion picture theater, pet sitting services, personal offices such as attorney, doctor insurance, restaurant, sign shop, tavern or night club, and veterinary clinic. All square footage is estimated.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Grayslake
    County
    Lake
    State
    Illinois
    Longitude
    -88.0248951
    Latitude
    42.3452206

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    FAQs

    What type of property is this?
    Office units - Office suites and storefronts available in a fantastic location.
    Where is this office units located?
    The property is located at 100 S Atkinson Road 202 Grayslake, IL.
    What is the lease rate?
    The lease rate is $800 /Mo.
    What are key features of this property?
    This property features: Versatile Space: Suites and storefronts available, ranging from 150‑sf to 5,750‑sf.; Prime Location: Situated at a busy intersection.; Flexible Zoning: Wide range of permitted uses (check with Grayslake zoning).
    (779) 302-8913
    We can help!
    Listing Contact
    Nyssa Fenske
    Nyssa Fenske
    Real Estate License ID: 475184517
    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.

    More about this property
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