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    560 Oakmont Lne Westmont, IL 60559-3700

    • Office buildings
    • 2,251 SF
    • 3.08 lot acres
    OFF-MARKET
    Last Sale
    Dec 05, 2023
    $975,000
    Value Estimations
    $965,000
    Show details
    Cap Rate Potential
    3.5%
    Office buildings
    Location Intelligence
    Property ID
    US28-1315744
    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

    • Office buildings

    Property Details for 560 Oakmont Lne

    Year built
    2006
    Lot size
    3.08 lot acres
    Property size
    2,251 SF
    Zone code
    C
    Property type
    Office buildings
    APN
    06-34-409-005
    APU
    634409005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $940,000
      ML approach
      $960,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $795,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Westmont
    County
    Dupage
    State
    Illinois
    Longitude
    -87.9631
    Latitude
    41.8218
    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
    $11,006
    $41,360
    $123,420
    $164,780
    -
    $124,080
    $370,260
    $494,340

    Comparable in this City

    • Value Estimation
      $12,965,000
      127,804 SF

      601 Oakmont Ln

      OFFICE BUILDING • 127,804 SF
      601 Oakmont Ln, Westmont, IL 60559-5523
      View Details
    • Value Estimation by Request
      1,892 SF

      530 Oakmont Ln

      OFFICE BUILDING • 1,892 SF
      530 Oakmont Ln, Westmont, IL 60559-3700
      View Details
    • Value Estimation
      $7,960,000
      77,716 SF

      900 Oakmont Ln

      OFFICE BUILDING • 77,716 SF
      900 Oakmont Ln, Westmont, IL 60559-5530
      View Details
    • Value Estimation
      $4,930,000
      37,255 SF

      910 Pasquinelli Dr

      OFFICE BUILDING • 37,255 SF
      910 Pasquinelli Dr, Westmont, IL 60559-5526
      View Details
    • Value Estimation by Request
      2,234 SF

      560 Oakmont Ln

      OFFICE BUILDING • 2,234 SF
      560 Oakmont Ln, Westmont, IL 60559-3700
      View Details
    • Value Estimation
      $560,000
      2,974 SF

      540 Oakmont Lnh1

      OFFICE BUILDING • 2,974 SF
      540 Oakmont Lnh1, Westmont, IL 60559-3700
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      59,904 SF

      Westmont Multi-Tenant Office Complex

      Three-building office complex with remodeled units and ample parking.
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      74,279 SF

      Four-Story Office Building Near Route 83

      74,279 square foot office building with recent renovations.
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      Class A Office Building

      Six-story Class A office building with renovated amenities in Westmont, Illinois.
      999 Oakmont Plaza Dr, Westmont, IL 60559
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    • $1,525,200
      15,252 SF

      Versatile Office/Flex Building in Chicago

      15,252 SF office/flex building on 1.01-acre site.
      735 N Cass Ave, Westmont, IL 60559
      View Details
    • Contact for pricing
      110,294 SF

      Single-Story Office Park For Sale

      Four-building office park with private entrances and tenant-controlled HVAC.
      740-770 Pasquinelli Dr, Westmont, IL 60559
      View Details
    • $168,000
      714 SF

      Westmont Office Suite - Great Location

      Updated Office, Prime Westmont Location
      414 Plaza Dr, Westmont, IL 60559
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      110,294 SF

      Westmont Office Park Investment

      Class B Office Space, IL, 110K+ SF
      740 Pasquinelli Dr, Westmont, IL 60559
      View Details
    • $24 SF/Yr
      118,000 SF

      Oakmont Plaza Office Suites

      Westmont, IL Class A Office Space
      999 Oakmont Plaza Dr, Westmont, IL 60559
      View Details
    • Contact for pricing
      2,184 SF

      Renovated Office Space Available

      High-class, professionally managed office suites for lease.
      700 E Ogden Ave, Westmont, IL 60559
      View Details
    • $7 SF/Yr
      6,249 SF

      Westmont Office Space for Lease

      Flexible workspace solutions in Westmont, IL.
      999 Oakmont Plaza Dr, Westmont, IL 60559
      View Details
    • $22 SF/Yr
      74,279 SF

      Westmont Office Space for Lease

      Prime DuPage County Office Building, 4 Spaces Available
      900 Oakmont Ln, Westmont, IL 60559
      View Details
    • Contact for pricing

      Westmont Office Space For Rent

      Office space in downtown Westmont, near Metra station.
      38 N Cass Ave, Westmont, IL 60559
      View Details
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    560 Oakmont Lne
    Westmont, IL 60559-3700
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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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