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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1 Lks Dr Northfield, IL 60093-2753

    • Office buildings
    • 18.69 lot acres
    OFF-MARKET
    Last Sale
    Nov 03, 2021
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-1120602
    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 1 Lks Dr

    Year built
    2000
    Lot size
    18.69 lot acres
    Property type
    Office buildings
    APN
    04-23-200-049
    APU
    423200049

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $520,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Northfield
    County
    Cook
    State
    Illinois
    Longitude
    -87.7971
    Latitude
    42.1067
    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
    $353,537
    $942,671
    $784,525
    $1,727,196
    -
    $3,770,684
    $3,138,100
    $6,908,784

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      560 Grn Bay Rd

      OFFICE BUILDING (MULTI-STORY) • 0.10 Acres
      560 Grn Bay Rd, Winnetka, IL 60093-2238
      View Details
    • Value Estimation
      $560,000
      24.46 Acres

      1 Lks Dr

      OFFICE BUILDING (MULTI-STORY) • 24.46 Acres
      1 Lks Dr, Northfield, IL 60093-2753
      View Details
    • Value Estimation by Request
      5.21 Acres

      570 Frontage Rd

      OFFICE BUILDING (MULTI-STORY) • 5.21 Acres
      570 Frontage Rd, Northfield, IL 60093
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    • Value Estimation by Request
      6,350 SF

      142 Green Bay Rd

      Office properties & Spaces • 6,350 SF
      142 Green Bay Rd, Winnetka, IL 60093
      View Details
    • Value Estimation by Request
      0.34 Acres

      984 Grn Bay Rdi-s2

      CONDOMINIUM OFFICES • 0.34 Acres
      984 Grn Bay Rdi-s2, Winnetka, IL 60093-1722
      View Details
    • Value Estimation by Request
      0.54 Acres

      562 Lincoln Ave

      CONDOMINIUM OFFICES • 0.54 Acres
      562 Lincoln Ave, Winnetka, IL 60093-2308
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      39,082 SF

      Northfield Office Building For Sale

      39,082 SF office building on 1.7 acres in Northfield.
      790 W Frontage Rd, Northfield, IL 60093
      View Details
    • $579,000
      0.07 Acres

      Mixed-Use Building in Northfield

      Two-story mixed-use building with retail, office, and residential spaces.
      1652 Willow Rd, Northfield, IL 60093
      View Details
    • Contact for pricing
      3,137 SF

      Mixed-Use Building Near Interstate

      Two-story mixed-use building with retail, office, and apartment.
      1652 Willow Rd, Northfield, IL 60093
      View Details
    • $1,290,000
      1.36 Acres

      Land in Northfield, Illinois

      1.36 acre commercial land for sale in Northfield.
      2033 Winnetka Rd, Northfield, IL 60093
      View Details
    • $1,390,000
      1.36 Acres

      Northfield Land For Sale

      1.36 acre commercial land available in Northfield, Illinois.
      118 Dickens Rd, Northfield, IL 60093
      View Details
    • $509,000
      2,500 SF

      Northfield Mixed-Use Investment Opportunity

      Prime location, two apartments, ground floor space.
      1650 Willow Rd, Northfield, IL 60093
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Professional Office Building For Lease

      Office building with convenient access to North Shore communities.
      540 Frontage Rd, Northfield, IL 60093
      View Details
    • Contact for pricing

      Northfield Office Space Available

      Office spaces available for rent in Northfield, Illinois.
      191 Waukegan Rd, Northfield, IL 60093
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for lease at 142 Green Bay Rd.
      142 Green Bay Rd, Winnetka, IL 60093
      View Details
    • $12 SF/Yr

      Loft-Style Office Space Available

      Loft-style office space for short-term lease in Winnetka.
      1007 Tower Ct, Winnetka, IL 60093
      View Details
    • Contact for pricing

      Retail Space in Northfield

      Retail space in affluent Northfield near restaurants and amenities.
      314 Happ Rd, Northfield, IL 60093
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    • Contact for pricing
      658 SF

      Winnetka Flex / Industrial Space

      Flex/industrial space available for lease in Winnetka, Illinois.
      911-1009 Tower Ct, Winnetka, IL 60093
      View Details
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    1 Lks Dr
    Northfield, IL 60093-2753
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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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