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

    6236 Il Route 38, Dekalb, IL 60115

    View on Map
    Claim this Listing
    For Sale
    $749,900

    Land available for sale in Dekalb, Illinois.

    Type:Land
    Added:
    Jul 15, 2024
    Days on Market:
    687
    Last Refresh:
    May 19 at 11:45 am

    Property Features for 6236 Il Route 38

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Marvin Vestuto

    Listing agent Marvin Vestuto License #471010727

    Listing office Vestuto Real Estate Corp

    Listing date Jul 15, 2024

    Source Exprealty

    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 Vestuto Real Estate Corp

    HighLights

    • Land available for sale
    • Located in Dekalb, Illinois

    Overview

    This land is available for sale and is located at 6236 Il Route 38, Dekalb, IL.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Dekalb
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.823246
    Latitude
    41.93514

    Nearby Similar for Sale

    • $250,000

      Downtown DeKalb Office Building

      Five-story office building in downtown DeKalb with on-site parking.
      155 N 3rd Street, DeKalb, IL 60115
      View Details
    • $249,900
      1,824 SF

      Historic Farmhouse with Modern Updates

      Charming farmhouse with modern updates on a 1/3 acre lot.
      742 S 4th St, Dekalb, IL 60115
      View Details
    • $229,000
      1,230 SF

      DeKalb Commercial Building For Sale

      Commercial building in downtown DeKalb, ideal for owner-user or investment.
      129 E Locust Street, DeKalb, IL 60115
      View Details
    • $279,000

      DeKalb Mixed-Use Investment Opportunity

      Mixed-use building in DeKalb's Central Business District.
      217 S 3rd Street, DeKalb, IL 60115
      View Details
    • $1.00
      9,324 SF

      Retail Building in Northland Plaza

      Multi-tenant retail building with high visibility and strategic positioning.
      2428 Sycamore Rd, DeKalb, IL 60115
      View Details
    • $649,900

      DeKalb Multifamily Investment Opportunity

      Multifamily property for sale in DeKalb, Illinois.
      116 N 9th Street, DeKalb, IL 60115
      View Details
    • $995,000

      DeKalb Restaurant/Retail Opportunity

      Restaurant/retail building near Northern Illinois University available for purchase.
      131 N Annie Glidden Road, DeKalb, IL 60115
      View Details
    • $175,000

      DeKalb Two-Unit Multifamily Property

      Two-unit property in DeKalb near downtown, schools, and shopping.
      804 N 4th Street, DeKalb, IL 60115
      View Details
    • $2,750,000

      Vacant Land Ready for Development

      11.37 acre commercial land with city utilities and high visibility.
      01 Greenwood Acres Drive, DeKalb, IL 60115
      View Details
    • $150,000
      9,324 SF

      Retail Building in Northland Plaza

      Multi-tenant retail building in a high-traffic location.
      2428 Sycamore Rd, DeKalb, IL 60115
      View Details
    • $218,000

      DeKalb Storefront with Apartment Potential

      Storefront with apartments in downtown DeKalb, renovation potential, new HVAC.
      157 E Lincoln Highway, DeKalb, IL 60115
      View Details
    • $649,900

      DeKalb Multifamily Investment Opportunity

      High-yield 6-unit property in DeKalb's thriving rental market.
      116 North 9th Street, DeKalb, IL 60115
      View Details

    FAQs

    What type of property is this?
    Land - Land available for sale in Dekalb, Illinois.
    Where is this land located?
    The property is located at 6236 Il Route 38 Dekalb, IL.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: Land available for sale; Located in Dekalb, Illinois
    (630) 986-2200
    We can help!
    Listing Contact
    Marvin Vestuto
    Real Estate License ID: 471010727
    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
    6236 Il Route 38, Dekalb, IL
    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!