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    Property profile & analytics

    800 Lk Cook Rd Deerfield, IL 60015-4842

    • Hotels
    • 81,237 SF
    • 4.37 lot acres
    OFF-MARKET
    Last Sale
    Oct 03, 2024
    $7,650,000
    Value Estimations
    $7,620,000
    Show details
    Cap Rate Potential
    7.2%
    Hotels
    Location Intelligence
    Property ID
    US28-1776683
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hotels

    Property Details for 800 Lk Cook Rd

    Year built
    1986
    Construction
    BRICK
    Lot size
    4.37 lot acres
    Property size
    81,237 SF
    Property type
    Hotels
    APN
    16-33-304-013
    APU
    1633304013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,650,000
      ML approach
      $7,650,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,130,000
      6.5%
      $9,350,000
      7%
      $8,680,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,713,000
      Market price range: $1.44M - $9.77M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $5,360,000
      Current use
      COMMERCIAL (GENERAL)
      $11,765,000
      Change: +119% Conversion: Difficult
      RESTAURANT
      $9,340,000
      Change: +74% Conversion: Difficult
      MEDICAL BUILDING
      $6,935,000
      Change: +29% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $6,825,000
      Change: +27% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $6,665,000
      Change: +24% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $6,605,000
      Change: +23% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Deerfield
    County
    Lake
    State
    Illinois
    Longitude
    -87.8472
    Latitude
    42.1537
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $155,094
    $488,459
    $1,586,794
    $2,075,253
    -
    $1,465,524
    $4,760,858
    $6,226,382

    Comparable in this City

    • Value Estimation
      $7,810,000
      1,208 SF

      2 Pkwy N Blvd

      HOTEL • 1,208 SF
      2 Pkwy N Blvd, Deerfield, IL 60015-2544
      View Details
    • Value Estimation
      $490,000
      4,242 SF

      530 Lk Cook Rd

      HOTEL • 4,242 SF
      530 Lk Cook Rd, Deerfield, IL 60015-4921
      View Details
    • Value Estimation by Request
      1,520 SF

      1750 Lk Cook Rd

      HOTEL • 1,520 SF
      1750 Lk Cook Rd, Deerfield, IL 60015-4628
      View Details
    • Value Estimation
      $945,000
      87,649 SF

      2000 Lakeside Dr

      HOTEL • 87,649 SF
      2000 Lakeside Dr, Bannockburn, IL 60015-1237
      View Details
    • Value Estimation
      $700,000
      6.55 Acres

      1445 Lk Cook Rd

      MOTEL • 6.55 Acres
      1445 Lk Cook Rd, Deerfield, IL 60015-5213
      View Details
    • Value Estimation
      $4,545,000
      2.35 Acres

      340 Waukegan Rd

      MOTEL • 2.35 Acres
      340 Waukegan Rd, Deerfield, IL 60015-1331
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      38 SF

      38 Acres Land For Development

      38-acre land site for development in Lake County, Illinois.
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      Riverwoods Medical Center - For Sale

      Class A medical building, prime location.
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      4,586 SF

      Restaurant Building Near Metra Station

      4,586 SF restaurant building with drive-thru near Metra station.
      663 Lake Cook Rd, Deerfield, IL 60015
      View Details
    • $3,150,000

      Retail Building in Deerfield, Illinois

      Retail building for sale, leased to a national tenant.
      700 Deerfield Rd, Deerfield, IL 60015
      View Details
    • $300,000

      Fully Equipped Restaurant on Milwaukee Avenue

      Turn-key Korean BBQ restaurant with high visibility and accessibility.
      1121 Milwaukee Ave, Deerfield, IL 60015
      View Details
    • Contact for pricing
      428 SF

      Jewel-Osco Anchored Shopping Center

      Retail property in affluent North Shore community with value-add opportunities.
      110 S Waukegan Rd, Deerfield, IL 60015
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      137,492 SF

      Deerfield Executive Office Suites

      Lake Cook Rd Office Space Available
      570 Lake Cook Rd, Deerfield, IL 60015
      View Details
    • Contact for pricing
      540,000 SF

      Prime Riverwoods Office Campus

      540,000 SF Executive Office Space
      0 Milwaukee Ave & Deerfield Rd, Riverwoods, IL 60015
      View Details
    • Contact for pricing
      30,000 SF

      Retail Space with Parking

      Retail space with proposed parking and residential development.
      2600 Waukegan Rd, Deerfield, IL 60015
      View Details
    • $23 SF/Yr
      1,353 SF

      Office Space For Lease

      Office space available for lease in Deerfield, Illinois.
      510 Lake Cook Rd, Deerfield, IL 60015
      View Details
    • $288 SF/Yr
      30,280 SF

      Riverwoods Retail Center Investment Opportunity

      Prime Retail Space Available in Lincolnshire, IL
      2001-2055 Milwaukee Ave, Lincolnshire, IL 60015
      View Details
    • $28 SF/Yr
      93,792 SF

      Deerfield Office Space Available

      Class A Office, Retail Space in Deerfield, IL
      740 Waukegan Rd, Deerfield, IL 60015
      View Details
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    800 Lk Cook Rd
    Deerfield, IL 60015-4842
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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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