Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    950 Ensell Rd Lake Zurich, IL 60047
    Back to Search
    Property profile & analytics

    950 Ensell Rd Lake Zurich, IL 60047

    View on Map
    • Warehouses
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 950 Ensell Rd

    Property type
    Warehouses
    Property subtype
    Land

    Description

    This exceptional 4,585 square-foot warehouse and distribution facility presents a compelling investment opportunity in Lake Zurich, Lake County, Illinois. The single-tenant building boasts a well-designed layout, including a welcoming reception area, two private offices, a versatile meeting room/open office area, a convenient kitchen, and one and a half bathrooms. The climate-controlled warehouse space is highly functional, featuring one drive-in door and one loading dock for efficient loading and unloading operations. A significant advantage is the substantial backyard area, providing ample space for storage or expansion. The property also includes a paved parking lot with five surface parking spaces and dedicated truck parking, ensuring convenient access for employees and deliveries. Its strategic location near the intersection of Oakwood Drive and Ensell Road offers easy access to Route 22, providing excellent connectivity to major transportation arteries. This property is ideal for businesses seeking a well-maintained, functional warehouse space with ample parking and convenient access to key transportation routes. The property type is classified as Industrial and Land, with a single tenancy. The building comprises one suite.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Zurich
    County
    Lake
    State
    Illinois
    Longitude
    -88.071
    Latitude
    42.2051

    Comparable in this City

    • Value Estimation by Request
      85,263 SF

      635 Oakwood Dr

      Distribution properties • 85,263 SF
      635 Oakwood Dr, Lake Zurich, IL 60047
      View Details
    • Value Estimation by Request
      71,688 SF

      330 Il-22

      Flex space • 71,688 SF
      330 Il-22, Lake Zurich, IL 60047
      View Details
    • Value Estimation by Request
      18.00 Acres

      Hawthorn Wood

      Land • 18.00 Acres
      0 Hawthorn Wood, Lake Zurich, IL 60047
      View Details
    • Value Estimation by Request
      110.00 Acres

      Sec Rand & Old Mchenry

      Land • 110.00 Acres
      0 Sec Rand & Old Mchenry, Lake Zurich, IL 60047
      View Details
    • Value Estimation by Request
      6.30 Acres

      Fremont Way

      Land • 6.30 Acres
      0 Fremont Way, Buffalo Grove, IL 60047
      View Details
    • Value Estimation by Request
      1.00 Acre

      135-155 Old Rand Rd

      Land • 175,111 SF
      135-155 Old Rand Rd, Lake Zurich, IL 60047
      View Details

    Similar Nearby for Sale

    • $5,575,000
      54,688 SF

      Industrial Property For Sale

      54,688 SqFt industrial property with 8.04% CAP rate.
      61 Oakwood Rd, Lake Zurich, IL 60047
      View Details
    • Contact for pricing
      78,651 SF

      Lake Zurich Warehouse For Sale

      78,651 sqft warehouse with expansion land in Lake Zurich.
      1400 Rose Rd, Lake Zurich, IL 60047
      View Details
    • $397,900

      1186 Heather Drive, Lake Zurich, IL 60047

      Flex space
      1186 Heather Dr, Lake Zurich, IL 60047
      View Details
    • $13,900,000

      Lake Zurich Warehouse with Expansion

      Institutional-quality warehouse with expansion land in Lake Zurich, IL.
      1400 Rose Rd, Lake Zurich, IL 60047
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      21560 W Long Grove Rd, Kildeer, IL 60047
      View Details
    • Contact for pricing
      1.45 Acres

      Protected Wetland Parcel in Lake Zurich

      Preserved 1.45-acre wetland parcel, non-buildable, Lake Zurich, Illinois.
      1080 Westberry Ct, Lake Zurich, IL 60047
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lake Zurich Industrial Flex Condo

      Industrial flex condo with drive-in door and shared docks.
      1050 Ensell Rd, Lake Zurich, IL 60047
      View Details
    • $7 SF/Yr

      Free-Standing Food Grade Warehouse

      Functional warehouse building suitable for food-related operations.
      635 Oakwood Dr, Lake Zurich, IL 60047
      View Details
    • Contact for pricing

      Functional Free-Standing Food Grade Building

      Functional free-standing food grade building available for rent.
      635 Oakwood Dr, Lake Zurich, IL 60047
      View Details
    • $10 SF/Yr

      Industrial Flex Office/Warehouse Space

      Industrial flex space with drive-in door and loading docks.
      1050 Ensell Rd, Lake Zurich, IL 60047
      View Details
    • Contact for pricing

      7.33 AC Land Site

      7.33 AC land site available for sale or ground lease.
      225 S Rand Rd, Lake Zurich, IL 60047
      View Details
    • Contact for pricing

      Industrial Flex Space For Rent

      Multi-tenant industrial flex building in Lake Zurich Business Park.
      1050 Ensell Rd, Lake Zurich, IL 60047
      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.
    950 Ensell Rd
    Lake Zurich, IL 60047
    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
    950 Ensell Rd, Lake Zurich, IL, 60047
    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!