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

    5008 SMOKETHORN Trail, Belvidere, IL 61008

    View on Map
    Claim this Listing
    For Sale
    $85,000

    LAND - BELVIDERE, IL

    Lot size:
    1.05 Acres
    Added:
    May 24, 2025
    Days on Market:
    373
    Last Refresh:
    May 31 at 8:06 pm

    Property Features for 5008 SMOKETHORN Trail

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0517451010
    Lot size
    1.05 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    17-44-3 DEER WOODS II LOT 40 SE 199.9 SW 279.02 NW 132.63 NE 271.23
    Tax Annual Amount
    1329

    We can help!

    Listing Contact
    Peggy Noble
    Peggy Noble

    Listing agent Peggy Noble License #475164828

    Listing office Keller Williams Realty Signature 4201 Galleria Dr., Loves Park, IL

    Listing date May 24, 2025

    MLS# 202502726 Listing URL

    Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Secluded estate‑sized lot in desirable Deer Woods
    • Access to city water and sewer
    • Completed land survey ready for building
    • Sought‑after Belvidere School District
    • Beautiful rural setting
    • Conveniently located near amenities

    Overview

    This property is a 1.05-acre residential land parcel situated in a rural setting within the Deer Woods area. The lot is suitable for building a home and has a completed land survey. It offers access to city water and sewer services. Located in the Belvidere School District, the property combines privacy with convenient access to nearby amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Bar & Pub Discount Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Belvidere
    County
    Boone
    State
    Illinois
    Longitude
    -88.906657
    Latitude
    42.283872

    Nearby Similar for Sale

    • $399,900
      1,761 SF

      Belvidere Victorian Multi-Unit Investment

      Six-unit Victorian near downtown Belvidere with income potential.
      601 Pearl Street, BELVIDERE, IL 61008
      View Details
    • $1,100,000

      60 Acres Prime Agricultural Land

      Prime agricultural land near Belvidere, suitable for farming or development.
      9202 TOWN HALL Road, BELVIDERE, IL 61008
      View Details
    • $1,729,000
      4,179 SF

      Belvidere, IL Applebee's Investment

      High-profile Applebee's location with NNN lease and annual increases.
      2126 Gateway Center Dr, Belvidere, IL 61008
      View Details
    • $200,000
      2,374 SF

      Rented Four-Family Home

      Fully rented Belvidere four-family home with long-term tenants.
      1016 S Main Street, BELVIDERE, IL 61008
      View Details
    • $50,000
      3,111 SF

      Belvidere Retail Building For Sale

      Vacant retail building in Belvidere, Illinois, formerly a restaurant.
      1150 N State St, Belvidere, IL 61008
      View Details
    • $300,000

      Corner Lot Near Interstate

      Corner lot near Wal-Mart and Interstate exchange in Belvidere, IL.
      1803 Kristine Drive, BELVIDERE, IL 61008
      View Details
    • Contact for pricing
      221,844 SF

      Modern Industrial Facility with Expansion

      Expandable industrial facility with office space near I-90 and I-39.
      675 Corporate Parkway, Belvidere, IL 61008
      View Details
    • $137,000

      Belvidere Land Parcels For Sale

      Two generously sized lots in a desirable Belvidere neighborhood.
      5502 River Run Parkway lot: 926 Driftwood Court, BELVIDERE, IL 61008
      View Details
    • $475,000
      4,180 SF

      Mixed-Use Investment in Downtown Belvidere

      Turnkey mixed-use property with established bar and residential lofts.
      522 South State Street, Belvidere, IL 61008
      View Details
    • $160,000

      Belvidere Commercial Lot For Sale

      Commercial lot in Belvidere, excellent for office or business.
      1911 Pierce Court, Belvidere, IL 61008
      View Details
    • $79,900

      Belvidere Estate Lot For Sale

      1.3-acre estate lot in Deer Woods Estates subdivision.
      5048 Smokethorn Trail, BELVIDERE, IL 61008
      View Details
    • $164,900

      Premier Homesite in Hidden Creek

      2.5 acre homesite in executive neighborhood, build your dream home.
      1750 HIDDEN CREEK Lane, BELVIDERE, IL 61008
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Estate-sized lot ready for your dream home in Belvidere.
    Where is this residential land & home lot located?
    The property is located at 5008 SMOKETHORN Trail Belvidere, IL.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: Secluded estate‑sized lot in desirable Deer Woods; Access to city water and sewer; Completed land survey ready for building
    (815) 243-1771
    We can help!
    Listing Contact
    Peggy Noble
    Peggy Noble
    Real Estate License ID: 475164828
    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
    5008 SMOKETHORN Trail, BELVIDERE, IL 61008
    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!