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    Sycamore Farmland on Brickville Road Title is generated by Realmo AI

    Brickville Rd, Sycamore, IL 60178

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    54.323 acres of farmland near Sycamore, Illinois.

    Type:Land
    Lot size:
    54.32 Acres
    Added:
    Oct 1, 2024
    Days on Market:
    598
    Last Refresh:
    May 12 at 9:15 pm

    Property Features for Brickville Rd

    General Information

    Standard status
    Active
    Lot size
    54.32 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Mark Mommsen

    Listing agent Mark Mommsen License #IL 471.010937

    Listing office Martin, Goodrich & Waddell Inc.

    Listing date Oct 1, 2024

    Source Crexi

    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 Martin, Goodrich & Waddell Inc.

    HighLights

    • 54.323 total acres, with approximately 44 tillable acres.
    • Convenient location: Approximately 39 miles west of Chicago O'Hare International Airport and contiguous to the city of Sycamore.
    • All mineral rights owned by the seller will transfer to the new owner.
    • Level to gently rolling topography.
    • Located near multiple major highways: Illinois Route 23, Illinois Route 64, and Illinois Route 72.
    • Low 2024 real estate taxes: $1,948.82.

    Overview

    This agricultural property consists of 54.323 acres, as determined by a survey. Approximately 44 acres are tillable. The land features level to gently rolling topography. The property has approximately 1/4 mile of road frontage on Brickville Road and is located contiguous to the city of Sycamore, about 39 miles west of Chicago O'Hare International Airport. Nearby cities include DeKalb (2 5/8 miles southwest), Genoa (5 1/2 miles north), and Burlington (5 1/2 miles east). Major highways in proximity to the property are Illinois Route 23 (3/8 mile east), Illinois Route 64 (3/4 mile south), and Illinois Route 72 (6 1/4 miles north). The property is zoned RC-2 - Residential Conservation District. Major soil types include Somonauk silt loam, Otter silt loam, and Virgil silt loam. There are a number of grain markets located within 15 miles of the property. The 2024 real estate taxes totaled $1,948.82. The tax parcel numbers are #06-29-176-002, #06-29-176-017, #06-29-251-005, & #06-29-300-004. All mineral rights owned by the seller will be transferred to the new owner.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Sycamore
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.68901
    Latitude
    41.995449

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - 54.323 acres of farmland near Sycamore, Illinois.
    Where is this agricultural land / farmland located?
    The property is located at Brickville Rd Sycamore, IL.
    What is the asking price?
    The asking price for this property is $918,059.
    What are key features of this property?
    This property features: 54.323 total acres, with approximately 44 tillable acres.; Convenient location: Approximately 39 miles west of Chicago O'Hare International Airport and contiguous to the city of Sycamore.; All mineral rights owned by the seller will transfer to the new owner.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mark Mommsen
    Real Estate License ID: IL 471.010937
    Learn More
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    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.

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