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    Property profile & analytics

    15426 S 70Th Ct, Unit 205 Orland Park, IL 60462

    • Industrial properties
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-4627025
    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

    • The Law Offices of Gerald Bauer Jr. / Real Estate Attorney
    • Mark Your Space - Sign Company, Custom Business Signs, Outdoor Signs, LED Signs / Sign Shop
    • Darrell Air Duct Cleaning / Air Duct Cleaning Service
    • Orland Builders Inc. / Home Builder / Service Establishment
    • RM Post Team at Better Homes & Gardens Real Estate / Real Estate Agency

    Property Details for 15426 S 70Th Ct

    Property type
    Industrial properties
    APN
    28-18-100-051-1006
    APU
    28181000511006

    Description

    This 160-square-foot executive office suite in Orland Park, Illinois, is available for lease at $599 per month. Located in a 1992-built building in Cook County, this single-tenant space is perfect for a variety of professional uses, including attorneys, CPAs, technology professionals, insurance agents, or research and development firms. All utilities and internet access are included in the monthly rent. The suite benefits from access to a shared, high-end kitchen area featuring granite countertops, stainless steel appliances, and a large-screen TV. The building itself boasts a spacious, two-story reception area and a convenient elevator. Its prime location offers easy access to major transportation arteries, including Interstates 80 and 57. The building's diverse tenant mix includes other professionals such as attorneys, investors, and real estate firms. This move-in ready office provides a professional and efficient workspace at an attractive price point. The building is well-maintained and offers a professional atmosphere. This is an exceptional opportunity for a small business or individual professional seeking a fully equipped and conveniently located office space.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Orland Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.7917
    Latitude
    41.6108
    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
    2022
    $12,533
    $5,380
    $28,307
    $33,687
    -
    $21,520
    $113,228
    $134,748

    Comparable in this City

    • Value Estimation by Request

      14360 La Grange Rd

      INDUSTRIAL (GENERAL)
      14360 La Grange Rd, Orland Park, IL 60462-2063
      View Details
    • Value Estimation by Request
      1.01 Acres

      15503 70th Ctb

      CONDOMINIUMS (INDUSTRIAL) • 1.01 Acres
      15503 70th Ctb, Orland Park, IL 60462-5105
      View Details
    • Value Estimation
      $5,570,000
      2.70 Acres

      15255 Harlem Ave, Unit B-2

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2.70 Acres
      15255 Harlem Ave, Orland Park, IL 60462-4329
      View Details
    • Value Estimation
      $5,445,000
      2.70 Acres

      15255 Harlem Ave, Unit B-1

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2.70 Acres
      15255 Harlem Ave, Orland Park, IL 60462-4329
      View Details
    • Value Estimation by Request
      3,800 SF

      15420 70Th Ct

      Distribution properties • 3,800 SF
      15420 70Th Ct, Orland Park, IL 60462
      View Details
    • Value Estimation
      $290,000
      1.01 Acres

      15501 70th Ct

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1.01 Acres
      15501 70th Ct, Orland Park, IL 60462-5105
      View Details

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    Similar Nearby for Lease

    • $13 SF/Yr

      Orland Park Industrial Leasing Opportunity

      Industrial spaces with private access in a high-visibility location.
      14355 S La Grange Rd, Orland Park, IL 60462
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    • $4,000 /Mo
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      Orland Park Flex Space Available

      Flex space with parking and overhead door for rent.
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    • $6 SF/Yr

      Versatile Warehouse with Office Space

      3,000 SF warehouse with 800 SF of office space.
      15420 S 70Th Ct, Orland Park, IL 60462
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      Versatile Flex Space for Trades

      Flex space with office and bathroom, suitable for various trades.
      13361 Southwest Hwy, Orland Park, IL 60462
      View Details
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    Orland Park, IL 60462
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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.

    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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