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    2030 Skokie Vly Rd Highland Park, IL 60035-1729

    • Banks
    • 4,191 SF
    • 0.68 lot acres
    OFF-MARKET
    Last Sale
    Jun 14, 2022
    $4,300,000
    Value Estimations
    $4,570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-3763645
    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

    • Chase Bank / Atm / Bank
    • Chase ATM / Atm
    • Zen Leaf - Highland Park / Cannabis Store
    • Chase Mortgage / Mortgage Lender

    Property Details for 2030 Skokie Vly Rd

    Year built
    2014
    Construction
    BRICK
    Lot size
    0.68 lot acres
    Property size
    4,191 SF
    Property type
    Banks
    APN
    16-22-107-004
    APU
    1622107004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,570,000
      ML approach
      $4,565,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Lake
    State
    Illinois
    Longitude
    -87.8272
    Latitude
    42.1903
    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
    $48,354
    $381,733
    $530,713
    $912,446
    -
    $1,145,314
    $1,592,298
    $2,737,612

    Comparable in this City

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      $630,000
      4,244 SF

      255 Skokie Vly Rd

      FINANCIAL BUILDING • 4,244 SF
      255 Skokie Vly Rd, Highland Park, IL 60035-4405
      View Details
    • Value Estimation
      $2,230,000
      5,427 SF

      2011 2nd St

      FINANCIAL BUILDING • 5,427 SF
      2011 2nd St, Highland Park, IL 60035-2429
      View Details
    • Value Estimation by Request
      14,712 SF

      850 Central Ave

      FINANCIAL BUILDING • 14,712 SF
      850 Central Ave, Highland Park, IL 60035-3278
      View Details
    • Value Estimation
      $930,000
      58,038 SF

      513 Central Ave

      FINANCIAL BUILDING • 58,038 SF
      513 Central Ave, Highland Park, IL 60035-2624
      View Details
    • Value Estimation
      $585,000
      17,589 SF

      1835 1st St

      FINANCIAL BUILDING • 17,589 SF
      1835 1st St, Highland Park, IL 60035-3101
      View Details
    • Value Estimation
      $775,000
      23,880 SF

      1949 Saint Johns Ave

      FINANCIAL BUILDING • 23,880 SF
      1949 Saint Johns Ave, Highland Park, IL 60035-3105
      View Details

    Similar Nearby for Sale

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      Established Tobacco Store in Highland Park

      Prime location, high-traffic area, fully equipped tobacco business for sale.
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    • Contact for pricing
      41,204 SF

      Highland Park Industrial Campus

      Versatile commercial property, ideal for redevelopment.
      1500 Old Skokie Vly Rd, Highland Park, IL 60035
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    • $1,600,000
      0.83 Acres

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    Similar Nearby for Lease

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      2,465 SF

      Prime Retail/Medical Space Available

      Retail or medical space near Highland Park Hospital and downtowns.
      1610 Deerfield Rd, Highland Park, IL 60035
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    • $3,000 /Mo
      800 SF

      Retail Space in Ravinia District

      Prime retail space with full basement and parking.
      597-599 Roger Williams Ave, Highland Park, IL 60035
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      5,200 SF

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      Excellent retail location with high visibility and ample parking.
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    • $31 SF/Yr
      1,150 SF

      Retail Space with Existing Kitchen

      Storefront retail space with existing kitchen and washroom.
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    • Contact for pricing
      1,852 SF

      Retail Space in Highland Park

      Retail space available within Crossroads Shopping Center.
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      View Details
    • $9,000 /Mo
      2,750 SF

      Prime Retail Space on Central

      Storefront in Highland Park with high visibility and foot traffic.
      633-655 Central Ave, Highland Park, IL 60035
      View Details

    Property Visit Statistics

    • Visits by month
      15.8k
    • Visitors by month
      8.7k
    • Avg Time on site
      10 min
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    Highland Park, IL 60035-1729
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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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