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    362 800 Buckley, IL 60918

    • Mixed-use properties
    • 4,317 SF
    For Sale
    View listing
    $295,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 362 800

    Year built
    1967
    Property size
    4,317 SF
    Property type
    Mixed-use properties

    Description

    This exceptional 4,317 square foot mixed-use property is strategically located at 362 E 800 N in Buckley, Illinois, directly off Interstate 57, boasting a daily traffic count of 34,000 vehicles. Situated on a six-acre lot, this property presents a remarkable opportunity for a variety of commercial ventures. Its prime location offers unparalleled visibility and accessibility, making it ideal for businesses seeking high exposure to a substantial customer base. The existing 4,317 square foot building provides a solid foundation for immediate occupancy or redevelopment, allowing for customization to suit specific business needs. The expansive six-acre lot offers ample space for expansion, additional buildings, or extensive parking, catering to the demands of larger-scale operations. The property's proximity to Interstate 57 ensures convenient access for both local and long-distance customers, significantly enhancing its commercial viability. This location is particularly well-suited for businesses such as gas stations, truck stops, or other commercial enterprises requiring high visibility and convenient access to major transportation routes. The potential for significant return on investment is undeniable, making this a truly exceptional opportunity for discerning investors and entrepreneurs. Serious inquiries are encouraged to explore the possibilities this prime commercial property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Buckley
    County
    Iroquois
    State
    Illinois
    Longitude
    -88.0506
    Latitude
    40.6049

    Comparable in this City

    • Value Estimation by Request

      Buckley, IL 60918

      OFFICE BUILDING
      Buckley, IL 60918
      View Details
    • Value Estimation by Request

      Buckley, IL 60918

      OFFICE BUILDING
      Buckley, IL 60918
      View Details
    • Value Estimation by Request

      Buckley, IL 60918

      COMMERCIAL (GENERAL)
      Buckley, IL 60918
      View Details
    • Value Estimation
      $265,000
      6.00 Acres

      Buckley, IL 60918

      OFFICE BUILDING • 6.00 Acres
      Buckley, IL 60918
      View Details
    • Value Estimation
      $270,000
      0.10 Acres

      514 Elm St

      OFFICE BUILDING • 0.10 Acres
      514 Elm St, Buckley, IL 60918-9010
      View Details
    • Value Estimation
      $265,000
      0.57 Acres

      500 Elm St

      OFFICE BUILDING • 0.57 Acres
      500 Elm St, Buckley, IL 60918-7011
      View Details
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    362 800
    Buckley, IL 60918
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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.

    More about this property
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