Sign Up Successful!
You now have access to more from Realmo!
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

    228 Veterans Pkwy Yorkville, IL 60560-2222

    • Commercial real estate
    • 9,699 SF
    • 1.63 lot acres
    OFF-MARKET
    Last Sale
    Dec 11, 2023
    $1,300,000
    Value Estimations
    $1,305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-4900314
    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

    • CARSTAR Yorkville / Auto Repair Shop

    Property Details for 228 Veterans Pkwy

    Year built
    1993
    Construction
    BRICK
    Lot size
    1.63 lot acres
    Property size
    9,699 SF
    Property type
    Commercial real estate
    APN
    02-29-229-012
    APU
    229229012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,310,000
      ML approach
      $1,320,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,562,000
      Market price range: $1.08M - $4.80M

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

    Location Insight

    • Map
    • Local Demand
    City
    Yorkville
    County
    Kendall
    State
    Illinois
    Longitude
    -88.4489
    Latitude
    41.6589
    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
    $18,718
    $134,440
    $75,748
    $210,188
    -
    $403,320
    $227,244
    $630,564

    Comparable in this City

    • Value Estimation by Request
      6.94 Acres

      Boombah Blvd

      Land • 6.94 Acres
      0 Boombah Blvd, Yorkville, IL 60560
      View Details
    • Value Estimation by Request
      900 SF

      8721 Il Rt 126

      Commercial real estate • 900 SF
      8721 Il Rt 126, Yorkville, IL 60560
      View Details
    • Value Estimation by Request
      0.06 Acres

      271 Barrett Dr, Unit A

      COMMERCIAL (GENERAL) • 0.06 Acres
      271 Barrett Dr, Yorkville, IL 60560-3132
      View Details
    • Value Estimation by Request

      27 Oak Crk Dr

      COMMERCIAL (GENERAL)
      27 Oak Crk Dr, Yorkville, IL 60560
      View Details
    • Value Estimation
      $630,000
      4,160 SF

      803 Stagecoach Trl

      COMMERCIAL (GENERAL) • 4,160 SF
      803 Stagecoach Trl, Yorkville, IL 60560-3326
      View Details
    • Value Estimation
      $20,380,000
      15,913 SF

      4000 Brg St

      COMMERCIAL (GENERAL) • 15,913 SF
      4000 Brg St, Yorkville, IL 60560-4400
      View Details

    Similar Nearby for Sale

    • $499,000
      1.92 Acres

      Yorkville Industrial Land - 1.92 Acres

      Prime M-1 zoned land, ideal for various uses.
      132 Commercial Dr, Yorkville, IL 60560
      View Details
    • $279,000
      0.93 Acres

      Yorkville Commercial Land - $279K

      Prime 0.93-acre lot, high visibility, ideal for development.
      47 Saravanos Dr, Yorkville, IL 60560
      View Details
    • $230,000
      900 SF

      Yorkville Commercial Property - Ideal Conversion

      Prime Yorkville location, perfect for office conversion. High-efficiency systems, ample parking.
      8721 Il Rt 126, Yorkville, IL 60560
      View Details
    • $8,904,000
      212.00 Acres

      Hunt Club West: 212 Acres in Oswego

      Prime Oswego Land - Residential Development Ready
      0 On Rte 71, Yorkville, IL 60560
      View Details
    • $999,000
      6.94 Acres

      Yorkville Industrial Land - 6.94 Acres

      Prime Industrial Land, Yorkville, IL
      0 Boombah Blvd, Yorkville, IL 60560
      View Details
    • $349,000
      1.45 Acres

      Yorkville Commercial Land - $349K

      1.45 Acres, High-Traffic Location
      901 Bridge St, Yorkville, IL 60560
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      2,931 SF

      Yorkville Medical Campus Office Space

      Medical/office building with 2,931 SF available for custom build-outs.
      1500 Sycamore Rd, Yorkville, IL 60560
      View Details
    • $1,900 /Mo

      Corner Condo with Open Layout

      First-floor condo featuring an open floor plan and garage.
      234 Bertram Dr, Yorkville, IL 60560
      View Details
    • $2,800 /Mo
      1,489 SF

      Updated Townhome with Finished Basement

      Updated 3-bedroom townhome with finished basement, move-in ready.
      3962 Evans Ct, Yorkville, IL 60560
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Yorkville Center

      Retail space available in Jewel-Osco anchored shopping center.
      234 E Veterans Pkwy, Yorkville, IL 60560
      View Details
    • Contact for pricing

      Versatile Space in Chiropractic Office

      ADA accessible space suitable for various professionals in Yorkville, IL.
      129 Commercial Dr, Yorkville, IL 60560
      View Details
    • $18 SF/Yr
      50,088 SF

      Kendall Marketplace Fitness Center

      50,000 SF Retail Space Available Now
      825 Erica Ln, Yorkville, IL 60560
      View Details

    Property Visit Statistics

    • Visits by month
      851
    • Visitors by month
      707
    • Avg Time on site
      15 min
    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.
    228 Veterans Pkwy
    Yorkville, IL 60560-2222
    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.