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111 Deer Lake Rd, Deerfield, IL 60015
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Property summary
AI-generated overview
The property in Deerfield, Illinois consists of office and flex suites with available areas ranging from 7,500 to 26,737 square feet. The interiors are configured with long window lines, attractive finishes, and high ceilings reaching approximately 16 feet. The building is positioned with convenient access to Interstates I-94 and I-294 and is within walking distance of the Deerfield Lake Cook Road Metra Station and nearby restaurants and retail shopping. Parking is provided at an approximate ratio of 4 spaces per 1,000 square feet, and the property is described as having low Lake County taxes.
Property profile
Verified
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Construction
BRICK
Total area
61,225 SF
Lot
5.08 ac (221,154 SF)
APN
16-33-303-033
UPID
US28-1841686
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Government Office
-
Medical Clinic Hospital
-
Engineering Consultant
-
Physician
-
Business Service Center Corporate Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.06M
Comparable Approach
Comparable
$5.36M
Blend (final)
Blend
$1.04M
Owner & transaction history
since 2004
3 recorded transactions
Zoning & alternative use
Top alternative use upside
Retail stores
$7.8M
+64.6%
Office building
$7.4M
+56.6%
Apartment house (5+ units)
$6.9M
+44.8%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 13 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.04M
Value range
$932k – $1.14M
±10% around blend
Estimated value / SF
$17 / SF
Confidence
High
13 county-verified comps
Property data
75
Market benchmarks
33
Comparable evidence
100
Income certainty
100
$932k
blend $1.04M
$1.14M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
61,225 SF
Lot area
5.08 ac
Year built
1987
APN
16-33-303-033
Assessed value
$1,348,621
Annual tax
$110,797
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.06M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.40M
@ 6.5% CAP return
$4.06M
@ 7% CAP return
$3.77M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$110,797
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.03M
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
13.1 mi away · 62,600 SF
13.2 mi away · 62,600 SF
13.5 mi away · 44,250 SF
16.1 mi away · 56,708 SF
19.0 mi away · 56,932 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.04M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 105 sales
$77
-78%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $17/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+65%
vs current-use indication
Office Building
Apartment House (5+ Units)
Warehouse, Storage
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.69M
Move the market yield to see immediate price impact.
Value / SF
$60
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$232k
$4.65M
$3.32M
$2.58M
$258k
$5.17M
$3.69M
$2.87M
$284k
$5.68M
$4.06M
$3.16M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$1.03M
11.1 mi · Mar 2026 · $19/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$110,797
Tax year 2023
Assessed value
$1,348,621
Assessed 2023
Previous assessed
$1,170,008
+15.3% YoY
Effective rate
8.22%
On assessed value
Assessed land
$556,133
Assessed improvement
$792,488
Land market value
$1,668,566
Improvement market value
$2,377,702
Total market value
$4,046,268
Applied tax rate
17,004.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1987
Construction
BRICK
Heating
NONE
Total area
61,225 SF
Lot
5.08 ac (221,154 SF)
APN
16-33-303-033
UPID
US28-1841686
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
BRICK
Heating
NONE
Lot
5.08 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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