Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    11 Parkside Ct, Unit 6 Vernon Hills, IL 60061

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,000 /Mo ($25 SF/Yr)

    Condo near Big Bear Lake Park, shopping, and transportation.

    Property size:
    948 SF
    Lot size:
    948 SF

    Property Features for 11 Parkside Ct

    General Information

    Size
    948 SF

    Building Details

    Year built
    1981

    We can help!

    Listing Contact
    Ki Joo Gang
    Source: Kw

    Listing Agent: Ki Joo Gang

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

    Learn more

    Property Insight Report

    Overview

    First Floor Condo Near Park

    This is an end unit condo located on the first floor in Big Bear Lake Park. The park offers opportunities for walking, running, roller blading, and fishing around Big Bear Lake. Winter activities available include ice skating and sledding hills. Both bathrooms have been updated. The property is located close to shopping, restaurants, and commuter trains. It is also located within the Vernon Hills school district. The property is clean and has plenty of green areas. The property size is 948 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Vernon Hills
    County
    Lake
    State
    Illinois
    Longitude
    -87.9665957
    Latitude
    42.2477738

    Nearby Similar for Lease

    • $3,250 /Mo
      2,460 SF

      Arlington Model with Water View

      Three-level home with water view, spacious kitchen, and finished basement.
      1222 Georgetown Way, Vernon Hills, IL 60061
      View Details
    • $9 SF/Yr
      6,249 SF

      Vernon Hills Office Space for Lease

      Flexible office solutions in prime location.
      544 Lakeview Pkwy, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      143,375 SF

      Lakeview Parkway Executive Offices & Warehouse

      Vernon Hills, IL: Prime Office/Warehouse Space Available
      110-130 Lakeview Pkwy, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      67,258 SF

      Vernon Hills Flex Space Available

      Versatile industrial space, 6,065-19,428 sq ft.
      900 Woodlands Pkwy, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      30,900 SF

      Freestanding Medical Building in Corporate Woods

      Medical building with expansion potential in Corporate Woods development.
      701 Woodlands Pkwy, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      7,181 SF

      Mellody Farm Retail Spaces Available

      Vernon Hills retail spaces, 1,181-6,000 sq ft.
      851 Milwaukee Ave, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      11,044 SF

      Hawthorn Hills Square Retail Space

      Vernon Hills retail center, 3 spaces available.
      700 Milwaukee Ave, Vernon Hills, IL 60061
      View Details
    • $17 SF/Yr
      86,122 SF

      Continental Executive Parke Offices

      Lake County Office Space, 12 Suites Available
      565 Lakeview Pkwy, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      23,379 SF

      Vernon Hills Retail Outlots For Lease

      Prime Retail Space, Multiple Units Available
      325 Milwaukee Ave, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      2,246 SF

      Prime Retail Space in Vernon Hills

      Trophy property in high-demand Chicago suburb with excellent visibility.
      701 N Milwaukee Ave, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      8,900 SF

      Vernon Hills Retail Outlot Opportunity

      Outlot opportunity in Vernon Hills for restaurant and retail concepts.
      600 Townline Rd, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      7,000 SF

      Vernon Hills Retail Opportunity

      Retail and restaurant space available in Vernon Hills, Illinois.
      101 Hawthorn Ctr, Vernon Hills, IL 60061
      View Details

    FAQs

    What type of property is this?
    Apartment building - Condo near Big Bear Lake Park, shopping, and transportation.
    Where is this apartment building located?
    The property is located at 11 Parkside Ct, Unit 6 Vernon Hills, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - First-floor end unit condo.; - Enjoy **updated bathrooms**.; - Located in Big Bear Lake Park offering walking, running, roller blading, fishing, ice skating and sledding.
    Request Owner's contact information
    11 Parkside Ct, Unit 6 Vernon Hills, IL 60061
    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.
    11 Parkside Ct, Unit 6
    Vernon Hills, IL 60061
    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
    11 Parkside Ct, Unit 6 Vernon Hills, IL 60061
    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

    We can help!
    Listing Contact
    Ki Joo Gang
    Learn more
    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.