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    Property profile & analytics

    Manteno, IL 60950

    • Industrial properties
    • 40.00 lot acres
    OFF-MARKET
    Value Estimations
    $350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-4179093
    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

    • Industrial properties

    Property Details

    Lot size
    40.00 lot acres
    Property type
    Industrial properties
    APN
    03-02-23-400-003
    APU
    30223400003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Manteno
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.8049
    Latitude
    41.239
    CBSA code
    28100
    CBSA name
    KANKAKEE-BRADLEY, IL 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
    $17,901
    $200,000
    $0.00
    $200,000
    -
    $600,000
    $0.00
    $600,000

    Comparable in this City

    • Value Estimation
      $545,000
      17.30 Acres

      1551 Boudreau Rd

      INDUSTRIAL (GENERAL) • 17.30 Acres
      1551 Boudreau Rd, Manteno, IL 60950-9386
      View Details
    • Value Estimation
      $390,000
      5.00 Acres

      500 Spruce St

      INDUSTRIAL (GENERAL) • 5.00 Acres
      500 Spruce St, Manteno, IL 60950-9473
      View Details
    • Value Estimation
      $565,000
      68.70 Acres

      1600 Boudreau Rd

      INDUSTRIAL (GENERAL) • 68.70 Acres
      1600 Boudreau Rd, Manteno, IL 60950-9377
      View Details
    • Value Estimation by Request

      1050 Sycamore Rd

      INDUSTRIAL (GENERAL)
      1050 Sycamore Rd, Manteno, IL 60950-9326
      View Details
    • Value Estimation
      $305,000
      30.00 Acres

      9364 County Line Rd

      INDUSTRIAL (GENERAL) • 30.00 Acres
      9364 County Line Rd, Manteno, IL 60950
      View Details
    • Value Estimation
      $375,000
      3.65 Acres

      1800 Sycamore Rd

      INDUSTRIAL (GENERAL) • 3.65 Acres
      1800 Sycamore Rd, Manteno, IL 60950-9369
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      34.00 Acres

      Manteno Cold Storage Facility

      587,228 SF Refrigerated Warehouse
      1125 Sycamore Rd, Manteno, IL 60950
      View Details
    • $549,900
      6,114 SF

      Mixed-Use Property with Leased Units

      Commercial and residential units with existing leases in place.
      465 Mulberry St, Manteno, IL 60950
      View Details
    • $3,250,000
      46,539 SF

      Manteno Industrial Warehouse For Sale

      46,539 SF industrial warehouse available in Manteno, Illinois.
      655 Mulberry St, Manteno, IL 60950
      View Details
    • $80,000

      Manteno Commercial Land - $80K

      Prime 200x250ft Commercial Lot
      0 Cook St, Manteno, IL 60950
      View Details
    • $1,200,000

      Land For Sale Manteno, IL

      Land available for purchase in Manteno, Illinois.
      1094 Beauchamp Ave, Manteno, IL 60950
      View Details
    • $599,000
      6,144 SF

      Manteno Mixed-Use Building For Sale

      Spacious 6,144 sq ft building on 1.15 acres
      465 Mulberry St, Manteno, IL 60950
      View Details

    Similar Nearby for Lease

    • New
      Contact for pricing

      Retail Center on Well-Traveled Street

      Retail and office spaces available in a high-traffic location.
      380 N Locust St, Manteno, IL 60950
      View Details
    • Contact for pricing

      Versatile Commercial Space with Utilities

      Warehouse, office, and retail spaces available with utilities included.
      350 N Locust St, Manteno, IL 60950
      View Details
    • $12 SF/Yr
      4,600 SF

      Manteno Retail & Industrial Space

      Flexible Spaces, High Traffic Location
      350 Locust St, Manteno, IL 60950
      View Details
    • Contact for pricing
      3,648,020 SF

      Manteno Industrial Mega-Center

      Illinois Cold Storage Warehouse, 3M+ SF
      1125 Sycamore Rd, Manteno, IL 60950
      View Details
    • Contact for pricing

      Manteno Commercial Space For Rent

      Heated warehouse and office/retail spaces available in Manteno, Illinois.
      350 N Locust St, Manteno, IL 60950
      View Details
    • Contact for pricing
      1,672 SF

      Manteno Executive Office Space

      Prime Office, 1672 sq ft, Available Now
      303 Section Line Rd, Manteno, IL 60950
      View Details
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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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