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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17 Will County Confidential Way Confidential, IL 00000

    • Specialty properties
    • 7,000 SF
    For Sale
    View listing
    $995,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 17 Will County Confidential Way

    Property size
    7,000 SF
    Property type
    Specialty properties
    Property subtype
    Car washes

    Description

    This exceptional full-service car wash in Will County, Illinois, presents a lucrative investment opportunity. The property boasts a substantial 7,000 square feet building situated on a generous 38,000 square foot lot. Priced at $995,000, this represents a compelling $142.14 per square foot value. The single-story structure operates as a single unit, offering immediate income potential. Annual real estate taxes are $19,000. This established business is turnkey and ready for a new owner. The property's prime location in Will County ensures high visibility and consistent customer traffic. Financial documentation and a signed non-disclosure agreement are required for further details. Serious inquiries only, please provide proof of funds. This is a rare chance to acquire a thriving, established car wash business with significant growth potential. The property is offered as a complete package, including the business and real estate. Don't miss this opportunity to own a profitable and well-established enterprise.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Confidential
    County
    Will
    State
    Illinois

    Comparable in this City

    • Value Estimation by Request

      2222 Confidential Way

      Automotive properties
      2222 Confidential Way, Confidential, IL 00000
      View Details
    • Value Estimation by Request
      8,000 SF

      12345 Confidenitial Pl

      Automotive properties • 8,000 SF
      12345 Confidenitial Pl, Confidential, IL 00000
      View Details
    • Value Estimation by Request

      1.1 Confidntial Way

      Automotive properties
      0 1.1 Confidntial Way, Confidential, IL 00000
      View Details
    • Value Estimation by Request

      1234 Confidential Way

      Lifestyle centers
      1234 Confidential Way, Chicago, IL 00000
      View Details
    • Value Estimation by Request
      5,000 SF

      1234 Confidential Way

      Individual retail properties • 5,000 SF
      1234 Confidential Way, Confidential, IL 00000
      View Details
    • Value Estimation by Request

      13 Lk Confidential Way

      Individual retail properties
      13 Lk Confidential Way, Confidential, IL 00000
      View Details

    Similar Nearby for Sale

    • $995,000
      7,000 SF

      Profitable Will County Car Wash

      Established Car Wash, High ROI Potential
      17 Will County Confidential Way, Confidential, IL 00000
      View Details
    • $250,000
      8,000 SF

      Prime Kane County Retail Center

      Profitable C-Store & Carwash - $250K
      12345 Confidenitial Pl, Confidential, IL 00000
      View Details
    • $1,150,000

      Montgomery County Gas Station Investment

      High-volume gas station & convenience store.
      0 1.1 Confidntial Way, Confidential, IL 00000
      View Details
    • $2,500,000

      High-Traffic Gas Station in Cook County

      Profitable Gas Station with High Sales Volume
      2222 Confidential Way, Confidential, IL 00000
      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.
    17 Will County Confidential Way
    Confidential, IL 00000
    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.