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    Property profile & analytics

    1723 Waukegan Rd Glenview, IL 60025-2109

    • Residential income homes
    • 6,336 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimations
    $1,015,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2034241
    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

    • NAPA Auto Parts / Auto Parts Store

    Property Details for 1723 Waukegan Rd

    Year built
    1958
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.71 lot acres
    Property size
    6,336 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    04-26-401-058
    APU
    426401058

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,370,000
      6.5%
      $1,265,000
      7%
      $1,175,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $821,000
      Market price range: $562k - $822k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,055,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,390,000
      Change: +32% Conversion: Difficult
      RETAIL STORES
      $945,000
      Change: -10% Conversion: Difficult
      OFFICE BUILDING
      $845,000
      Change: -20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Glenview
    County
    Cook
    State
    Illinois
    Longitude
    -87.7978
    Latitude
    42.0858
    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
    $42,589
    $43,395
    $154,603
    $197,998
    -
    $433,950
    $1,546,030
    $1,979,980

    Comparable in this City

    • Value Estimation
      $525,000
      3,750 SF

      1343 Woodview Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,750 SF
      1343 Woodview Ln, Glenview, IL 60025-2987
      View Details
    • Value Estimation by Request
      3,057 SF

      1710 Maclean Ct

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,057 SF
      1710 Maclean Ct, Glenview, IL 60025-3013
      View Details
    • Value Estimation by Request
      1,785 SF

      1750 Dewes St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,785 SF
      1750 Dewes St, Glenview, IL 60025-4302
      View Details
    • Value Estimation by Request
      3,549 SF

      1944 Glenview Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,549 SF
      1944 Glenview Rd, Glenview, IL 60025-2859
      View Details
    • Value Estimation
      $855,000
      4,376 SF

      918 Waukegan Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,376 SF
      918 Waukegan Rd, Glenview, IL 60025-4315
      View Details
    • Value Estimation by Request
      2,440 SF

      1238 Waukegan Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,440 SF
      1238 Waukegan Rd, Glenview, IL 60025-3044
      View Details

    Similar Nearby for Sale

    • $324,900
      27,000 SF

      Glenview Office Condo: Prime Location

      Exceptional Office Condo, Lease in Place
      2420 Ravine Way, Glenview, IL 60025
      View Details
    • New
      $1,050,000
      Pending

      Glenview Multifamily Investment Opportunity

      Six-unit building in prime Glenview location, fully occupied.
      1725 Greenwood Rd, Glenview, IL 60025
      View Details
    • $999,000
      2,645 SF

      Glenview Service Station Opportunity

      High-potential gas station, prime location.
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    • $610,000

      Glenview Residential Development Land Opportunity

      Permit-ready lots for custom homes, delivery Summer 2026.
      1900 E Lake Ave, Glenview, IL 60025
      View Details
    • $445,000

      Glenview Residential Development: Permit-Ready Lots

      Residential development featuring 60 fully improved, permit-ready lots.
      1900 E Lake Ave, Glenview, IL 60025
      View Details
    • Contact for pricing
      37,500 SF

      Glenview Office Building For Sale

      Glenview office building with ample parking and flexible lease terms.
      1245-1247 Milwaukee Ave, Glenview, IL 60025
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Luxury Apartment with Den

      Brand new 2-bedroom apartment with den, luxury finishes, great location.
      1202 Waukegan Rd, Glenview, IL 60025
      View Details
    • Contact for pricing
      6,630 SF

      Glenview Retail Center Investment Opportunity

      High-Visibility Strip Mall, 1,365 SF Available
      771 Milwaukee Ave, Glenview, IL 60025
      View Details
    • Contact for pricing
      27,712 SF

      Glenview Retail Space Available

      Prime Glenview location, multiple units, ample parking.
      3124 Glenview Rd, Glenview, IL 60025
      View Details
    • Contact for pricing
      11,000 SF

      Glenview Warehouse with Outside Storage

      Warehouse with fenced outside storage and small office near I-94.
      2053-2055 Johns Dr, Glenview, IL 60025
      View Details
    • $25 SF/Yr

      Glenview Retail/Office/Medical Space Available

      High-traffic location suitable for retail, office, or medical use.
      940 Harlem Ave, Glenview, IL 60025
      View Details
    • $25 SF/Yr

      Glenview Retail Space Available

      Retail space for lease in well-maintained Glenview shopping center.
      958 Harlem Ave, Glenview, IL 60025
      View Details

    Property Visit Statistics

    • Visits by month
      2.5k
    • Visitors by month
      2.3k
    • Avg Time on site
      17 min
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    Glenview, IL 60025-2109
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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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