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    10114 Devon Ct Rosemont, IL 60018-4316

    • Residential income homes
    • 4,017 SF
    • 0.41 lot acres
    OFF-MARKET
    Last Sale
    Aug 16, 2022
    $590,000
    Value Estimations
    $685,000
    Show details
    Cap Rate Potential
    7.7%
    Residential income homes
    Location Intelligence
    Property ID
    US28-5692538
    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

    • Residential income homes

    Property Details for 10114 Devon Ct

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.41 lot acres
    Property size
    4,017 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    12-04-102-078
    APU
    1204102078

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $680,000
      ML approach
      $675,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $870,000
      6.5%
      $800,000
      7%
      $745,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $790,000
      Market price range: $553k - $833k
      AI Estimate
      $596,000
      Market price range: $418k - $635k

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

    Location Insight

    • Map
    • Local Demand
    City
    Rosemont
    County
    Cook
    State
    Illinois
    Longitude
    -87.8798
    Latitude
    41.995
    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
    $17,239
    $21,336
    $49,664
    $71,000
    -
    $213,360
    $496,640
    $710,000

    Comparable in this City

    • Value Estimation
      $365,000
      2,814 SF

      628 Oakton St, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,814 SF
      628 Oakton St, Des Plaines, IL 60018-2097
      View Details
    • Value Estimation
      $425,000
      3,996 SF

      10101 Devon Ct, Unit 2

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,996 SF
      10101 Devon Ct, Rosemont, IL 60018-4336
      View Details
    • Value Estimation
      $300,000
      1,282 SF

      1383 Prospect Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,282 SF
      1383 Prospect Ave, Des Plaines, IL 60018-2316
      View Details
    • Value Estimation
      $370,000
      2,530 SF

      1289 Cora St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,530 SF
      1289 Cora St, Des Plaines, IL 60018-1685
      View Details
    • Value Estimation
      $340,000
      2,859 SF

      93 Dover Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,859 SF
      93 Dover Dr, Des Plaines, IL 60018-1212
      View Details
    • Value Estimation
      $370,000
      3,810 SF

      77 Dover Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,810 SF
      77 Dover Dr, Des Plaines, IL 60018-1266
      View Details

    Similar Nearby for Sale

    • $150,000
      39,173 SF

      Rosemont Office Condo - Great ROI

      High-demand location, strong lease in place.
      10700 Higgins Rd, Rosemont, IL 60018
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    • $739,900

      Renovated Triplex in Des Plaines

      Fully renovated triplex near transportation and amenities in a residential neighborhood.
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      Spacious Home with Bonus Room

      Three-bedroom home with bonus room, rear garage, and balcony.
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    • $150,000
      39,173 SF

      10700 Higgins Rd, Rosemont, IL 60018

      Office Properties & Spaces • 39,173 SF
      10700 Higgins Rd, Rosemont, IL 60018
      View Details
    • $1,200,000
      0.84 Acres

      Redevelopment Site in Des Plaines

      Prime 0.84-acre corner lot suitable for redevelopment.
      1629 E Touhy Ave, Des Plaines, IL 60018
      View Details
    • $850,000
      0.69 Acres

      Corner Lot Development Opportunity

      High-visibility corner parcel in Des Plaines, ideal for redevelopment.
      1596 Oxford Rd, Des Plaines, IL 60018
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      244,049 SF

      Touhy Plaza Office Space

      Des Plaines office, flexible suites, O'Hare proximity.
      1350 Touhy Ave, Des Plaines, IL 60018
      View Details
    • Contact for pricing
      3,600 SF

      Oak Leaf Commons Retail Space

      Grocery-anchored center; two spaces available.
      1500 Lee St, Des Plaines, IL 60018
      View Details
    • $22 SF/Yr
      24,225 SF

      Prime Rosemont Office Space Available

      Modern, flexible office suites near O'Hare.
      5600 Riv Rd, Rosemont, IL 60018
      View Details
    • Contact for pricing
      9,583 SF

      Retail Space on Oakton Street

      Street-level commercial space in a busy Des Plaines corridor.
      1673 E Oakton St, Des Plaines, IL 60018
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Oak Leaf Commons

      Retail space available in a Jewel-anchored shopping center.
      1456-1500 Lee St, Des Plaines, IL 60018
      View Details
    • Contact for pricing
      1,625 SF

      Retail Space in Community Center

      Retail space in major community center with high traffic.
      1555-1591 Lee St, Des Plaines, IL 60018
      View Details
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    10114 Devon Ct
    Rosemont, IL 60018-4316
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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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