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

    200 Waukegan Rd Deerfield, IL 60015-4906

    • Turn key restaurants
    • 8,375 SF
    • 2.07 lot acres
    OFF-MARKET
    Value Estimations
    $1,315,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-5667071
    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

    • Turn key restaurants

    Property Details for 200 Waukegan Rd

    Year built
    1984
    Construction
    BRICK
    Lot size
    2.07 lot acres
    Property size
    8,375 SF
    Property type
    Turn key restaurants
    APN
    16-33-301-004
    APU
    1633301004

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,371,000
      Market price range: $591k - $1.37M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,430,000
      Current use
      COMMERCIAL (GENERAL)
      $1,520,000
      Change: +6% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,465,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Deerfield
    County
    Lake
    State
    Illinois
    Longitude
    -87.8385
    Latitude
    42.1564
    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
    $40,446
    $462,749
    $200,618
    $663,367
    -
    $1,388,386
    $601,914
    $1,990,300

    Comparable in this City

    • Value Estimation
      $905,000
      12,725 SF

      833 Deerfield Rd

      RESTAURANT • 12,725 SF
      833 Deerfield Rd, Deerfield, IL 60015-3211
      View Details
    • Value Estimation
      $1,550,000
      9,130 SF

      700 Lk Cook Rd

      RESTAURANT • 9,130 SF
      700 Lk Cook Rd, Deerfield, IL 60015-4915
      View Details
    • Value Estimation
      $670,000
      8,088 SF

      560 Waukegan Rd

      RESTAURANT • 8,088 SF
      560 Waukegan Rd, Deerfield, IL 60015-4323
      View Details
    • Value Estimation by Request
      3,663 SF

      2275 Half Day Rd

      RESTAURANT • 3,663 SF
      2275 Half Day Rd, Bannockburn, IL 60015-1217
      View Details
    • Value Estimation
      $690,000
      4,614 SF

      1211 Half Day Rd

      RESTAURANT • 4,614 SF
      1211 Half Day Rd, Bannockburn, IL 60015-5407
      View Details
    • Value Estimation
      $1,875,000
      23,646 SF

      660 Lk Cook Rd

      RESTAURANT • 23,646 SF
      660 Lk Cook Rd, Deerfield, IL 60015-4923
      View Details

    Similar Nearby for Sale

    • $300,000

      Fully Equipped Restaurant on Milwaukee Avenue

      Turn-key Korean BBQ restaurant with high visibility and accessibility.
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      4,586 SF

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      4,586 SF restaurant building with drive-thru near Metra station.
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      428 SF

      Jewel-Osco Anchored Shopping Center

      Retail property in affluent North Shore community with value-add opportunities.
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    • $3,150,000

      Retail Building in Deerfield, Illinois

      Retail building for sale, leased to a national tenant.
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      26,367 SF

      Office Space Near Metra Station

      Office space with flexible floor plan and convenient transportation access.
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      38 SF

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      38-acre land site for development in Lake County, Illinois.
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    Similar Nearby for Lease

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      137,492 SF

      Deerfield Executive Office Suites

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      30,000 SF

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      Retail space with proposed parking and residential development.
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      30,280 SF

      Riverwoods Retail Center Investment Opportunity

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    • Contact for pricing
      160,114 SF

      Grocery Anchored Retail Space Available

      Retail spaces for lease in affluent Bannockburn near major transportation.
      2501-2585 Waukegan Rd, Bannockburn, IL 60015
      View Details
    • Contact for pricing
      135,855 SF

      Retail Center with Parking, Apartments

      Retail center with parking and apartments near major roadways.
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      View Details
    • Contact for pricing
      13,250 SF

      Bannockburn Retail Center: Prime Location

      New retail spaces, drive-thrus, high visibility.
      1301 Half Day Rd, Bannockburn, IL 60015
      View Details
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    200 Waukegan Rd
    Deerfield, IL 60015-4906
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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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