Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    750-780 Corporate Woods Pkwy Vernon Hills, IL 60061

    • Warehouses
    • 47,261 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 750-780 Corporate Woods Pkwy

    Property size
    47,261 SF
    Property type
    Warehouses
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional warehouse property, located at 750-780 Corporate Woods Parkway in Lake County, offers a substantial 47,261 square feet of flexible space, currently entirely vacant and immediately available. The building features a 24-foot clear ceiling height, ideal for various industrial uses. Multiple tenancy options are available, with a minimum divisible space of 22,618 square feet and a maximum contiguous space of the entire 47,261 square feet. The property boasts high-quality construction and finishes, including high-efficiency lighting and an ESFR sprinkler system. Individual entrances, truck docks, drive-in doors, and signage opportunities are available, allowing for customization to suit specific business needs. The flexible zoning allows for a wide range of uses. The property benefits from lower Lake County taxes, with a cost per square foot of $1.24. Offices within the warehouse can be expanded or modified to meet individual tenant requirements. This prime location presents a unique opportunity for businesses seeking a large, adaptable warehouse space with excellent features and amenities. Contact us today to learn more about this exceptional property and its potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Vernon Hills
    County
    Lake
    State
    Illinois
    Longitude
    -87.9465
    Latitude
    42.2172

    Comparable in this City

    • Value Estimation by Request
      143,375 SF

      110-130 Lakeview Pkwy

      Distribution properties • 143,375 SF
      110-130 Lakeview Pkwy, Vernon Hills, IL 60061
      View Details
    • Value Estimation
      $445,000
      8.72 Acres

      1200 Butterfield Rd

      INDUSTRIAL (GENERAL) • 8.72 Acres
      1200 Butterfield Rd, Vernon Hills, IL 60061-1048
      View Details
    • Value Estimation by Request
      0.64 Acres

      600 Corporate Woods Pkwy

      VACANT COMMERCIAL LAND • 0.64 Acres
      600 Corporate Woods Pkwy, Vernon Hills, IL 60061-3113
      View Details
    • Value Estimation by Request
      0.47 Acres

      775 Corporate Woods Pkwy

      VACANT COMMERCIAL LAND • 0.47 Acres
      775 Corporate Woods Pkwy, Vernon Hills, IL 60061-3112
      View Details
    • Value Estimation by Request
      0.46 Acres

      333 Corporate Woods Pkwy

      VACANT COMMERCIAL LAND • 0.46 Acres
      333 Corporate Woods Pkwy, Vernon Hills, IL 60061-3109
      View Details
    • Value Estimation
      $495,000
      1.94 Acres

      475 Corporate Woods Pkwy

      COMMERCIAL (GENERAL) • 1.94 Acres
      475 Corporate Woods Pkwy, Vernon Hills, IL 60061-3196
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      151,925 SF

      Versatile Flex and Industrial Suites

      Office, flex, and industrial suites with expansion potential.
      Lakeview Pkwy And Fairway Dr, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      73,150 SF

      Vernon Hills Multi-Tenant Industrial Property

      73,150 SF multi-tenant industrial property in Vernon Hills, IL.
      560-562 E Bunker Ct, Vernon Hills, IL 60061
      View Details
    • $850,000

      Vernon Hills Commercial Land Parcel

      0.82-acre vacant land parcel zoned B-1 in Vernon Hills, IL.
      1252 E Us Highway 45, Vernon Hills, IL 60061
      View Details
    • $524,900

      Penthouse Condo in Stevenson District

      Top-floor condo with upgrades, views, and access to top schools.
      1199 E Port Clinton Rd, Vernon Hills, IL 60061
      View Details
    • $2,133,499

      Prime Retail Land For Sale

      Commercial land with high visibility and flexible development options.
      1820 N Milwaukee Ave, Vernon Hills, IL 60061
      View Details
    • $305,000
      1,234 SF

      Well-Maintained Unit in Cul-de-Sac

      Two-bedroom, two-bath unit with updated features and premium location.
      902 Sparta Ct, Vernon Hills, IL 60061
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      67,258 SF

      Vernon Hills Flex Space Available

      Versatile industrial space, 6,065-19,428 sq ft.
      900 Woodlands Pkwy, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      143,375 SF

      Lakeview Parkway Executive Offices & Warehouse

      Vernon Hills, IL: Prime Office/Warehouse Space Available
      110-130 Lakeview Pkwy, Vernon Hills, IL 60061
      View Details
    • Contact for pricing

      Industrial Building Available For Lease

      203,831 SF industrial building available for sale or lease.
      210 Milwaukee Ave, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      38,249 SF

      Vernon Hills Warehouse Space

      38,249 SF warehouse space in Corporate Woods Business Park.
      880 Corporate Woods Pkwy, Vernon Hills, IL 60061
      View Details
    • Contact for pricing

      New Construction Warehouse in Vernon Hills

      New construction warehouse space available Q4 2022 in Vernon Hills.
      130 Lakeview Pkwy, Vernon Hills, IL 60061
      View Details
    • Contact for pricing
      6,569 SF

      Vernon Hills Warehouse Space Available

      6,569 SF warehouse with air-conditioning and rare loading.
      900-980 Woodlands Pkwy, Vernon Hills, IL 60061
      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.
    750-780 Corporate Woods Pkwy
    Vernon Hills, IL 60061
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.