Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Ringwood Rd McHenry, IL 60050

    Property Lookup

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

    Ringwood Rd McHenry, IL 60050

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

    Current Use by Public Records

    • Land

    Property Details for 0 Ringwood Rd

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional commercial and industrial land offering in McHenry, Illinois, presents a unique investment opportunity. Located on N Ringwood Rd, 60050, this property encompasses seven contiguous lots totaling 21,875 square feet, boasting 175 feet of frontage on Ringwood Road. The B-1 zoning, designated as Neighborhood Business, allows for a variety of commercial uses. Soil tests have already been conducted, and documentation supporting a small strip center is available from the current owner. While a well and septic system would be required for any on-site facilities, this property is ideally situated just north of W. Westshore Drive in a rapidly developing area. Building requirements include a minimum half-acre lot size, with setbacks of 30 feet from the street, 20 feet from the rear or east side, and 10 feet from the north and south sides. Detailed lot use and restrictions are available via the provided link in the original listing. This fee-simple ownership opportunity is priced competitively at $89,000. Don't miss this chance to acquire prime commercial real estate in a thriving McHenry location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    McHenry
    County
    Mchenry
    State
    Illinois
    Longitude
    -88.3062
    Latitude
    42.366

    Comparable in this City

    • Value Estimation by Request

      Prime Pkwy

      Land
      0 Prime Pkwy, McHenry, IL 60050
      View Details
    • Value Estimation by Request

      1510 Illinois Rte

      Farms
      1510 Illinois Rte, McHenry, IL 60050
      View Details
    • Value Estimation by Request
      2.66 Acres

      1728 Oak Dr

      Land • 115,870 SF
      1728 Oak Dr, McHenry, IL 60050
      View Details
    • Value Estimation by Request

      1202 State Rte

      Land
      1202 State Rte, McHenry, IL 60050
      View Details
    • Value Estimation by Request
      234.63 Acres

      1909 State Rte

      Farms • 234.63 Acres
      1909 State Rte, McHenry, IL 60050
      View Details
    • Value Estimation by Request
      0.74 Acres

      4119 Elm St

      Land • 0.74 Acres
      4119 Elm St, McHenry, IL 60050
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land Near New Apartments

      Two parcels totaling 1.20 acres near new development.
      1519 S Il Route 31, McHenry, IL 60050
      View Details
    • Contact for pricing

      Land For Sale McHenry

      Land available for sale in McHenry, Illinois.
      139 S Glenbrook Trl, McHenry, IL 60050
      View Details
    • Contact for pricing

      96 Acres Development Site Available

      Development sites available with highway frontage on Route 120.
      120 / Chapel Hl Rd, McHenry, IL 60050
      View Details
    • Contact for pricing

      McHenry Land Opportunity

      10 acres of land available in McHenry, Illinois.
      Ridgeview Dr & Metalmaster Way, McHenry, IL 60050
      View Details
    • New
      $998,500
      0.78 Acres

      Updated Industrial Building, Divisible Units

      Updated industrial building with flexibility for multiple units in McHenry.
      1717 Oak Dr, McHenry, IL 60050
      View Details
    • Contact for pricing
      64,473 SF

      McHenry Corporate Center Opportunity

      Office, medical, flex space available for sale or lease.
      1391 Corporate Dr, McHenry, IL 60050
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Highly Visible Office Building

      Office building with high visibility and strong traffic counts.
      4450 Bull Valley Rd, McHenry, IL 60050
      View Details
    • Contact for pricing
      1,826 SF

      McHenry Flex Space For Rent

      1,826 SF flex space ideal for small business.
      1615 S Schroeder Ln, McHenry, IL 60050
      View Details
    • New
      Contact for pricing

      Versatile Commercial Space in McHenry

      5,292 SF commercial space with showroom and workshop areas.
      909 Front St, McHenry, IL 60050
      View Details
    • $18 SF/Yr
      9,400 SF

      1689 Curran Rd

      Office properties & Spaces • 9,400 SF
      1689 Curran Rd, McHenry, IL 60050
      View Details
    • Contact for pricing

      High-Traffic Retail Space Available

      Prime retail space in McHenry's commercial district, immediate occupancy.
      810 Front St, McHenry, IL 60050
      View Details
    • Contact for pricing
      7,300 SF

      Turn-Key Restaurant with Outdoor Patio

      Equipped restaurant with patio and high traffic location available.
      209 Front St, McHenry, IL 60050
      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.
    Ringwood Rd
    McHenry, IL 60050
    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.
    Sign Up Successful!
    You now have access to more from Realmo!