Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17 Van Buren Ave Freeport, IL 61032
    Property profile & analytics

    17 Van Buren Ave, Freeport, IL 61032

    View on Map
    • Retail properties & Spaces
    • 14,919 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 17 Van Buren Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Stephenson
    State
    Illinois
    Longitude
    -89.6208
    Latitude
    42.2975

    Comparable in this City

    • Value Estimation by Request

      224 Stephenson St

      Coworking space
      224 Stephenson St, Freeport, IL 61032
      View Details
    • Value Estimation by Request

      415 Stephenson St

      Office Units
      415 Stephenson St, Freeport, IL 61032
      View Details
    • Value Estimation by Request
      14,919 SF

      28 Main St

      Office Units
      28 Main St, Freeport, IL 61032
      View Details
    • Value Estimation by Request
      4,600 SF

      4596 Us-20

      Specialty properties
      4596 Us-20, Freeport, IL 61032
      View Details
    • Value Estimation by Request
      10,000 SF

      1281 Galena Ave

      Industrial properties
      1281 Galena Ave, Freeport, IL 61032
      View Details
    • Value Estimation by Request
      900 SF

      727 South St

      Office Spaces
      727 South St, Freeport, IL 61032
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,160 SF

      Versatile Commercial Building on Full Block

      17,160 SF commercial building with flexible layout and ample parking.
      210 W Spring St, Freeport, IL 61032
      View Details
    • Contact for pricing
      2,200 SF

      Unique Freeport Commercial "Dome" Building

      Unique commercial building with versatile options in Freeport, Illinois.
      303 N Van Buren Ave, Freeport, IL 61032
      View Details
    • $459,900

      Freeport Mixed-Use Investment Opportunity

      Downtown Freeport multi-level property with residential and commercial spaces.
      222 West Exchange St, Freeport, IL 61032
      View Details
    • Contact for pricing

      Freeport Commercial Space For Rent

      Office, warehouse, and storage space available for rent in Freeport.
      1819 West - Rental Only - Ave, Freeport, IL 61032
      View Details
    • Contact for pricing
      2,624 SF

      Versatile Commercial Property with Parking

      Spacious, ADA-compliant commercial property suitable for various business uses.
      227 E Washington St, Freeport, IL 61032
      View Details
    • Contact for pricing

      Office Space in Freeport, IL

      Upstairs office space with utilities included in Freeport, Illinois.
      28 W Main St, Freeport, IL 61032
      View Details

    Similar Nearby for Lease

    • $2,200 /Mo

      Downtown Freeport Office Space Available

      Office suites for rent in downtown Freeport, Illinois.
      224 W Stephenson, Freeport, IL 61032
      View Details
    • Contact for pricing
      450 SF

      Interconnected Office Space Available

      Office space featuring three interconnected rooms for rent.
      773-773 W Lincoln Blvd, Freeport, IL 61032
      View Details
    • Contact for pricing

      Industrial & Office Space Available

      222,912 SF industrial and office space for lease.
      1555 Il-75, Freeport, IL 61032
      View Details
    • $400 /Mo

      Office Space in Freeport, IL

      Office space for rent with utilities included in Freeport.
      415 W Stephenson, Freeport, IL 61032
      View Details
    • Contact for pricing

      Freeport Development Office Space

      Office space available for rent in Freeport, Illinois.
      1880 S West Ave, Freeport, IL 61032
      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.
    17 Van Buren Ave
    Freeport, IL 61032
    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
    17 Van Buren Ave, Freeport, IL, 61032
    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!