Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18770 88th Ave, Unit B Mokena, IL 60448-8777

    • Industrial properties
    • 2.84 lot acres
    OFF-MARKET
    Last Sale
    Aug 30, 2024
    $3,760,000
    Value Estimations
    $3,760,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-5011838
    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

    • AGS Glass Shop / Corporate Office
    • Integrity Sign Company / (Bike/Boat/Book/etc) Store / Printing Service
    • G H Meiser & Co / Auto Parts Store

    Property Details for 18770 88th Ave

    Lot size
    2.84 lot acres
    Property type
    Industrial properties
    APN
    19-09-03-401-021
    APU
    190903401021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,760,000
      ML approach
      $3,760,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mokena
    County
    Will
    State
    Illinois
    Longitude
    -87.8324
    Latitude
    41.5492
    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
    2023
    $63,060
    $165,868
    $498,885
    $664,753
    -
    $497,604
    $1,496,655
    $1,994,259

    Comparable in this City

    • Value Estimation by Request
      2.93 Acres

      18811 90th Ave Ste F

      INDUSTRIAL (GENERAL) • 2.93 Acres
      18811 90th Ave Ste F, Mokena, IL 60448-8029
      View Details
    • Value Estimation by Request
      4,600 SF

      9930 190th St Ste L

      INDUSTRIAL (GENERAL) • 4,600 SF
      9930 190th St Ste L, Mokena, IL 60448-5610
      View Details
    • Value Estimation
      $660,000
      8,589 SF

      9930 190th St Ste A

      INDUSTRIAL (GENERAL) • 8,589 SF
      9930 190th St Ste A, Mokena, IL 60448-5609
      View Details
    • Value Estimation by Request
      60,878 SF

      9951 190Th St

      Distribution properties • 60,878 SF
      9951 190Th St, Mokena, IL 60448
      View Details
    • Value Estimation by Request
      3,396 SF

      9910 190th St Ste K

      INDUSTRIAL (GENERAL) • 3,396 SF
      9910 190th St Ste K, Mokena, IL 60448-5607
      View Details
    • Value Estimation
      $4,850,000
      29,898 SF

      9619 194th St

      INDUSTRIAL (GENERAL) • 29,898 SF
      9619 194th St, Mokena, IL 60448
      View Details

    Similar Nearby for Sale

    • $1,822,420
      7.28 Acres

      Mokena Industrial Land for Sale

      7.276 Acres, Industrial Zoning
      88th St -, Mokena, IL 60448
      View Details
    • $10,920,000
      100,000 SF

      Mokena Industrial Property For Sale

      100,000 SF industrial property with convenient I-80 access.
      18761 S 90Th Ave, Mokena, IL 60448
      View Details
    • $10,920,000
      100 SF

      Mokena Land for Sale

      Land available for a build-to-suit industrial property.
      88th 187Th St, Mokena, IL 60448
      View Details
    • Contact for pricing
      153,000 SF

      Proposed Industrial Building For Sale

      Proposed 153,000 sq ft industrial building for sale.
      W 191St St, Mokena, IL 60448
      View Details
    • $2,650,000
      17.81 Acres

      Mansell Overlook Office Campus

      Class A Office Space for Lease in Alpharetta
      0 191St St, Mokena, IL 60448
      View Details
    • $4,250,000
      17.81 Acres

      Mokena Commercial Land Opportunity

      Prime commercial land with flexible zoning and high visibility.
      191 88Th Ave, Mokena, IL 60448
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      44,000 SF

      Old LaGrange Road Center Spaces

      Modern flex space, I-80 Corridor. Ideal for retail or office.
      19081 Old Lagrange Rd, Mokena, IL 60448
      View Details
    • Contact for pricing
      12,500 SF

      Mokena Warehouse Space Available

      Warehouse space with easy I-80 access, available August 2025.
      9400 Enterprise Dr, Mokena, IL 60448
      View Details
    • $15 SF/Yr

      Newer Retail Center with Showroom

      Retail center with showroom, office, and warehouse space available for rent.
      19081 Old Lagrange Rd, Mokena, IL 60448
      View Details
    • New
      Contact for pricing

      Mokena Warehouse Unit For Lease

      3400 sqft warehouse unit with offices and conference room.
      18781 S 90Th Ave, Mokena, IL 60448
      View Details
    • Contact for pricing
      131,424 SF

      Mokena Warehouse with I-80 Visibility

      131,424 SF warehouse with convenient I-80 access.
      8700 Spring Lake Dr, Mokena, IL 60448
      View Details
    • Contact for pricing
      5,500 SF

      Mokena Freestanding Warehouse For Rent

      Freestanding warehouse with fenced yard and immediate I-80 access.
      9660 194Th St, Mokena, IL 60448
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18770 88th Ave, Unit B
    Mokena, IL 60448-8777
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!