Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land For Sale in Oregon Title is generated by Realmo AI

    000 Austin Court, Oregon, IL 61061

    View on Map
    Claim this Listing
    For Sale
    $32,900

    Land available in Ogle County, Oregon, Illinois.

    Type:Land
    Added:
    Apr 22, 2024
    Days on Market:
    772
    Last Refresh:
    Mar 16 at 8:23 am

    Property Features for 000 Austin Court

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Jennifer Kirchner

    Listing agent Jennifer Kirchner

    Listing office

    Listing date Apr 22, 2024

    Source Evrealestate

    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 Jennifer Kirchner

    HighLights

    • Located in Ogle County.
    • Situated in a subdivision.
    • Accessible via Route 64 East.
    • Located South of Daysville.
    • Accessible via Lowden Road.
    • Directions provided for easy navigation.

    Overview

    This land is located in Ogle County, Oregon, Illinois. The property can be found by taking Route 64 East, then South on Daysville, and a right onto Lowden to the subdivision.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Hotel & Motel Kitchen & Bath Showroom Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Oregon
    County
    Ogle
    State
    Illinois
    Longitude
    -89.319619
    Latitude
    41.975538

    Nearby Similar for Sale

    • $125,000

      Wooded Land with River Frontage

      2.72 acre wooded parcel with Rock River frontage.
      000 N River (2.72 Acres), OREGON, IL 61061
      View Details
    • $37,000

      Buildable Lot with Hilltop Views

      0.65 acre buildable lot with mature wooded surroundings.
      980 Illinois, OREGON, IL 61061
      View Details
    • $27,500

      Buildable Lot in Svoboda Woods

      Large city lot suitable for building a dream home.
      400 Lillemor, OREGON, IL 61061
      View Details
    • $37,000

      Buildable Wooded Lot in Oregon

      0.80 acre wooded lot, ideal for building a dream home.
      990 Illinois, OREGON, IL 61061
      View Details
    • $50,000

      Secluded 2.6 Acre Buildable Lot

      Private 2.6 acre buildable lot in Svoboda Woods.
      1000 Illinois, OREGON, IL 61061
      View Details
    • $37,000

      Buildable Lot in Svoboda Woods

      0.57 acre buildable lot in a quiet cul-de-sac.
      410 Lillemor, OREGON, IL 61061
      View Details
    • $27,000

      Buildable Lot in Svoboda Woods

      0.84 acre buildable lot in Svoboda Woods.
      405 Lillemor, OREGON, IL 61061
      View Details
    • $33,000

      Buildable Lot in Svoboda Woods

      0.81 acre buildable lot in peaceful, wooded Oregon, Illinois.
      404 Lillemor, OREGON, IL 61061
      View Details
    • $249,900

      10 Acre Parcel in Oregon

      Scenic 10-acre parcel in Rock River Valley, Oregon, Illinois.
      SE Indian Heights Drive, Oregon, IL 61061
      View Details
    • $175,000

      Commercial Land on Highway Rt 64

      Three city lots zoned B2 Business District on Illinois State Hwy
      510 E Washington, OREGON, IL 61061
      View Details
    • $25,000

      Residential Land in Stonegate Subdivision

      Corner lot in Oregon, build your dream home!
      000 Woods, OREGON, IL 61061
      View Details
    • $155,900
      1,800 SF

      Downtown Retail/Office Building Opportunity

      Versatile 1,800+ sq ft retail/office building in downtown Oregon, IL.
      502 Franklin St, Oregon, IL
      View Details

    FAQs

    What type of property is this?
    Land - Land available in Ogle County, Oregon, Illinois.
    Where is this land located?
    The property is located at 000 Austin Court Oregon, IL.
    What is the asking price?
    The asking price for this property is $32,900.
    What are key features of this property?
    This property features: Located in Ogle County.; Situated in a subdivision.; Accessible via Route 64 East.
    We can help!
    Listing Contact
    Jennifer Kirchner
    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
    000 Austin Court, Oregon, IL 61061
    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!