Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Property on Hickox Drive Title is generated by Realmo AI

    725 Hickox Drive, Lincoln, IL 62656

    View on Map
    Claim this Listing
    For Sale
    $149,900

    Commercial property available for sale, showings begin after December 10.

    Type:General Commercial
    Property size:
    4,454 SF
    Price / SF:
    $33/SF
    Added:
    Nov 24, 2024
    Days on Market:
    555
    Last Refresh:
    May 12 at 9:32 pm

    Property Features for 725 Hickox Drive

    General Information

    Standard status
    Active
    Size
    4,454 SF
    Property subtype
    General Commercial

    Building Details

    Year Built
    1955

    We can help!

    Listing Contact
    Sandra Alexander

    Listing agent Sandra Alexander

    Listing office CA8300

    Listing date Nov 24, 2024

    Source Xome

    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 CA8300

    HighLights

    • Guest Facilities: 3
    • Built in 1955
    • Metal Roof
    • Flooring: Carpet
    • No Pool

    Overview

    A commercial property encompassing 4,454 square feet is available for sale. Showings are scheduled to begin after December 10, 2024.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Map

    City
    Lincoln
    County
    Logan
    State
    Illinois
    Longitude
    -89.3707
    Latitude
    40.1352

    Nearby Similar for Sale

    • $299,900
      4,876 SF

      Equipped Restaurant and Bar Venue

      Spacious, equipped restaurant/bar with event capabilities and outdoor beer garden.
      1230 5TH Street, Lincoln, IL 62656
      View Details
    • $99,900
      9,000 SF

      Downtown Lincoln Commercial Opportunity

      Prime downtown location with retail and office space.
      616 BROADWAY Street, Lincoln, IL 62656
      View Details
    • $1,295,000
      33,986 SF

      Lincoln Office/Warehouse on 8 Acres

      33,986 SF office/warehouse on 8.06 acres with outdoor storage.
      1304 Woodlawn Rd, Lincoln, IL
      View Details
    • $250,000
      2,220 SF

      Turn-Key Bar in Lincoln, IL

      Thriving bar with party room and outdoor area for sale.
      401 Limit Street, Lincoln, IL 62656
      View Details
    • $250,000

      Turn-Key Bar in Lincoln, IL

      Thriving bar with party room and outdoor area for sale.
      401 Limit Street, Lincoln, IL 62656
      View Details
    • $99,900
      9,351 SF

      Downtown Retail/Office Space For Sale

      9,000+ sq ft retail/office space in prime downtown location.
      616 Broadway St, Lincoln, IL 62656
      View Details
    • $4,250,000
      247,000 SF

      Lincoln, IL Commercial Building

      247,000 sq ft building with docks and drive-ins.
      1119 N Kickapoo Street, Lincoln, IL 62656
      View Details
    • $250,000
      2,220 SF

      Turn-Key Bar in Lincoln, IL

      Thriving bar with party room and outdoor area for sale.
      401 Limit St, Lincoln, IL 62656
      View Details
    • $4,250,000
      247,000 SF

      247,000 SF Building in Lincoln

      Well-maintained 247,000 SF building with docks and drive-ins.
      1119 N Kickapoo Street, Lincoln, IL 62656
      View Details
    • $345,500
      4,120 SF

      Lincoln, IL Office Investment Property

      Third-floor business condo in downtown Lincoln, fully leased until 2029.
      529 Pulaski St, Lincoln, IL
      View Details
    • $345,500
      4,120 SF

      Office

      206 S McLean St, Lincoln, IL 62656
      View Details
    • $250,000

      Renovated Downtown Commercial Building

      Extensively renovated downtown building, ideal for various commercial uses.
      614 BROADWAY Street, Lincoln, IL 62656
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property available for sale, showings begin after December 10.
    Where is this specialty property located?
    The property is located at 725 Hickox Drive Lincoln, IL.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: Guest Facilities: 3; Built in 1955; Metal Roof
    We can help!
    Listing Contact
    Sandra Alexander
    Learn More
    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.
    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

    Thank You for Inquiry
    725 Hickox Drive, Lincoln, IL 62656
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!