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

    9711 Skokie Blvd Skokie, IL 60077

    • Office Properties & Spaces
    • 20,635 SF
    For Lease
    View listing
    $28 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jill Schoeneman-Parker, Psy.D. / Psychologist
    • Rachel Swanson, LCSW / Doctor
    • Susan Millner, LCSW / Medical Clinic
    • Mc Guire Michael MD / University
    • Nona M. Craig, MD- Skokie Office / Doctor / Dermatologist

    Property Details for 9711 Skokie Blvd

    Property size
    20,635 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional medical office space, located at 9711 Skokie Blvd in Skokie, Illinois, offers a total of 7,295 square feet currently available for lease. The property, part of the Orchard Place complex, is situated in Cook County and boasts a strong existing tenant base of both retail and office businesses. The building itself comprises 20,635 square feet, with a maximum contiguous space of 6,374 square feet. The available space is divided into three separate office units, ideal for a variety of medical practices or related businesses. Ample dedicated parking is provided for tenants and their clients, ensuring convenient access. The location is highly desirable, being just two blocks from the Endeavor Northshore Skokie Hospital, offering excellent visibility and proximity to a significant patient population. Furthermore, the property enjoys convenient access to major transportation routes, with Interstate 94 located only one mile away. This prime location, combined with the available space and ample parking, presents a unique opportunity for medical professionals seeking a thriving and accessible location for their practice. The property's zip code is 60077.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Skokie
    County
    Cook
    State
    Illinois
    Longitude
    -87.7448
    Latitude
    42.0566

    Comparable in this City

    • Value Estimation by Request
      15,656 SF

      5250 Old Orchard Rd

      Office space • 15,656 SF
      5250 Old Orchard Rd, Skokie, IL 60077
      View Details
    • Value Estimation
      $290,000
      0.58 Acres

      8035 Lincoln Ave

      CONDOMINIUM OFFICES • 0.58 Acres
      8035 Lincoln Ave, Skokie, IL 60077-3612
      View Details
    • Value Estimation by Request

      9739 Woods Dr

      CONDOMINIUM OFFICES
      9739 Woods Dr, Skokie, IL 60077-4437
      View Details
    • Value Estimation
      $490,000
      0.85 Acres

      8828 Niles Ctr Rdc-1

      CONDOMINIUM OFFICES • 0.85 Acres
      8828 Niles Ctr Rdc-1, Skokie, IL 60077-2294
      View Details
    • Value Estimation
      $135,000
      1.80 Acres

      5006 Oakton St

      CONDOMINIUM OFFICES • 1.80 Acres
      5006 Oakton St, Skokie, IL 60077-2906
      View Details
    • Value Estimation
      $305,000
      1.80 Acres

      4950 Oakton St

      CONDOMINIUM OFFICES • 1.80 Acres
      4950 Oakton St, Skokie, IL 60077-2905
      View Details

    Similar Nearby for Sale

    • $10,000,000
      105,000 SF

      Downtown Skokie Development Opportunity

      Prime 3.2-acre site, redevelopment potential
      8001 Lincoln Ave, Skokie, IL 60077
      View Details
    • $320,000
      1,628 SF

      Skokie Office Space For Sale

      Office space in Skokie's Lincoln Avenue corridor, ideal for owner/user.
      8035 Lincoln Ave, Skokie, IL 60077
      View Details
    • $2,385,000
      0.35 Acres

      Skokie Office Building For Sale

      Office building near Old Orchard Shopping Center and Skokie Hospital.
      5135 Golf Rd, Skokie, IL 60077
      View Details
    • $579,000
      0.07 Acres

      Skokie Mixed-Use Live/Work Opportunity

      Mixed-use property in Skokie's business district with live/work potential.
      4811 Main St, Skokie, IL 60077
      View Details
    • $200,000

      Skokie Condo Near Transportation

      Remodeled 2-bedroom condo in Skokie, close to public transit.
      8700 Skokie Blvd, Skokie, IL 60077
      View Details
    • $1,000,000
      6,326 SF

      Skokie Retail Building: Prime Investment

      Four-unit retail building, fully leased, high returns.
      8046 Lincoln Ave, Skokie, IL 60077
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      20,635 SF

      Skokie Medical Office Space for Lease

      7,295 SF Available in Prime Location
      9711 Skokie Blvd, Skokie, IL 60077
      View Details
    • Contact for pricing
      8,000 SF

      Mixed-Use Commercial Space Near Mall

      Mixed-use commercial space near Old Orchard Mall, Chicago's North Shore.
      5420 Old Orchard Rd, Skokie, IL 60077
      View Details
    • $22 SF/Yr
      15,656 SF

      Regus Old Orchard Office Suites

      Modern Cook County office space, flexible options.
      5250 Old Orchard Rd, Skokie, IL 60077
      View Details
    • $20 SF/Yr
      120,000 SF

      Skokie Office Building for Lease

      Prime Skokie location, multiple suites available
      9933 Lawler Ave, Skokie, IL 60077
      View Details
    • $18 SF/Yr
      4,996 SF

      Skokie Office Space For Rent

      Office space with easy access to transportation and amenities.
      5215 Old Orchard Rd, Skokie, IL 60077
      View Details
    • Contact for pricing
      6,098 SF

      Skokie Mixed-Use Building For Lease

      Mixed-use building in Skokie's downtown entertainment corridor, built in 2000.
      7880 Lincoln Ave, Skokie, IL 60077
      View Details
    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.
    9711 Skokie Blvd
    Skokie, IL 60077
    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

    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.