Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14047 Petronella Dr Libertyville, IL 60048
    Back to Search
    Property profile & analytics

    14047 Petronella Dr Libertyville, IL 60048

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

    Current Use by Public Records

    • Office Spaces

    Property Details for 14047 Petronella Dr

    Year built
    1996
    Property type
    Office Spaces

    Description

    This exceptional executive office suite, located at 14047 W Petronella Dr, Suite 201, Libertyville, IL 60048, presents a unique owner/user investment opportunity. Situated within the desirable Viking Park Office Complex, this meticulously maintained Class C building offers a blend of modern functionality and classic appeal. Built in 1996, this two-story building boasts a spacious suite encompassing approximately 1,500 square feet (exact square footage to be verified by buyer). The suite itself features a well-appointed layout including one executive office, three additional private offices, a dedicated executive conference room, an open office area perfect for cubicles, a sizable storage/work area, and two convenient restrooms. A kitchen area adds to the suite's practicality and convenience. The property is zoned L1 and is being sold as-is. The asking price is $289,999. The property's APN is 11-23-401-051. This turnkey solution is ideal for a business seeking a move-in ready space with ample room for growth and expansion. The property is offered as an owner/user opportunity, providing a rare chance to own your workspace. Don't miss this chance to acquire a well-located, functional, and attractively priced office suite in a thriving Lake County community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Libertyville
    County
    Lake
    State
    Illinois
    Longitude
    -87.9075
    Latitude
    42.2718

    Comparable in this City

    • Value Estimation by Request
      151,840 SF

      1300-1440 Milwaukee Ave

      Office Spaces • 151,840 SF
      1300-1440 Milwaukee Ave, Libertyville, IL 60048
      View Details
    • Value Estimation by Request
      15,000 SF

      29380 Waukegan Rd

      Medical Office Space • 15,000 SF
      29380 Waukegan Rd, Libertyville, IL 60048
      View Details
    • Value Estimation by Request
      18,994 SF

      1153 Milwaukee Ave

      Individual retail properties • 18,994 SF
      1153 Milwaukee Ave, Libertyville, IL 60048
      View Details
    • Value Estimation by Request
      3,000 SF

      28085 Ashley Cir

      Office Spaces • 3,000 SF
      28085 Ashley Cir, Libertyville, IL 60048
      View Details
    • Value Estimation by Request
      20,000 SF

      28085 Ashley Cir

      Office Spaces • 20,000 SF
      28085 Ashley Cir, Libertyville, IL 60048
      View Details
    • Value Estimation by Request
      6,000 SF

      441 Park Ave

      Office Spaces • 6,000 SF
      441 Park Ave, Libertyville, IL 60048
      View Details

    Similar Nearby for Sale

    • $1,995,000

      Prime Libertyville Redevelopment Opportunity

      High-visibility commercial land in Libertyville with redevelopment potential.
      426 S Milwaukee Ave, Libertyville, IL 60048
      View Details
    • $215,000

      Libertyville Office Space For Sale

      Office condo with flexible layout in Libertyville, Illinois.
      708 Florsheim Dr, Libertyville, IL 60048
      View Details
    • $375,000

      Prime Libertyville Commercial Property

      High-visibility commercial property ideal for office or retail use.
      134 S Milwaukee Ave, Libertyville, IL 60048
      View Details
    • $315,000
      3,000 SF

      Move-In Ready Office Suites

      Updated office condominium with private offices and common areas.
      28085 N Ashley Cir, Libertyville, IL 60048
      View Details
    • Contact for pricing
      1,920 SF

      Viking Office Park Office Suite

      Bright office space in Libertyville's Viking Office Park.
      28045 N Ashley Cir, Libertyville, IL 60048
      View Details
    • $1,500,000

      Prime Libertyville Land Parcel

      1.5-acre parcel on Milwaukee Avenue, ideal for development.
      1470 N Milwaukee Ave, Libertyville, IL 60048
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr

      287 Peterson Rd, Libertyville, IL - 60048 - Lease

      Prime Corner Office / Retail / Commercial Property with Exceptional Visibility
      287 Peterson Rd, Libertyville, IL 60048
      View Details
    • $26 SF/Yr

      Upscale Professional Office Suite

      Centrally located office suite with modern colors and tall ceilings.
      708 Florsheim Dr, Libertyville, IL 60048
      View Details
    • Contact for pricing
      7,500 SF

      Retail Space in Libertyville Center

      Retail location with high visibility and affluent customer base.
      1405 Peterson Rd, Libertyville, IL 60048
      View Details
    • Contact for pricing
      2,259 SF

      Libertyville Office Space Available

      2118 square feet of office space for rent.
      755 S Milwaukee Ave, Libertyville, IL 60048
      View Details
    • $12 SF/Yr

      Professional Office Space Available

      High-visibility office building with special lease offers.
      1113 S Milwaukee Ave, Libertyville, IL 60048
      View Details
    • $13 SF/Yr

      Libertyville Office/Warehouse Space Available

      Office and warehouse space with drive-in door and dock access.
      1840 Industrial Dr, Libertyville, IL 60048
      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.
    14047 Petronella Dr
    Libertyville, IL 60048
    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
    14047 Petronella Dr, Libertyville, IL, 60048
    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!