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    295 Panthers Den Rd Wolf Creek, IL 62958-0000
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    295 Panthers Den Rd Wolf Creek, IL 62958-0000

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    • Commercial real estate
    Off-Market
    Property ID
    US28-5051430
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 295 Panthers Den Rd

    Property type
    Commercial real estate

    Description

    This exceptional commercial property in Makanda, Illinois, presents a rare investment opportunity. Located at 295 Panthers Den Road, this 62958-0000 land parcel features three uniquely designed and impeccably crafted cabins: the Creole, the Hollow, and the Cove. The Creole cabin, inspired by 18th-century French Colonial architecture, boasts 900 square feet of outdoor living space, including a wrap-around porch and deck, and a hot tub pavilion with panoramic views. The Hollow and Cove cabins offer a distinctive "Hobbit"-inspired design, complete with round entry doors and living roofs. Each cabin includes a hot tub, outdoor patio/deck, and fire pit, and all beds feature custom-made mattresses. Strategically positioned for maximum privacy, the cabins are situated at varying distances from one another, with the Creole and Cove cabins approximately 100 yards apart, and the Hollow cabin a minimum of 200 yards away. Currently enjoying a 95-100% occupancy rate and bookings up to a year in advance, this property offers significant income potential. The expansive land allows for future expansion, with the potential to add two more units, a private residence, or even a wedding venue, while maintaining the existing privacy. The asking price for this turnkey business is $1,390,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wolf Creek
    County
    Union
    State
    Illinois
    Longitude
    -89.1038783
    Latitude
    37.6033328

    Comparable in this City

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      Commercial Lot Near Golf Course

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      Residential Land in Makanda, Illinois

      1.35 acre lot near Carbondale, Unity Point School District.
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      Commercial Land Near Golf Course

      Prime commercial parcel with highway visibility near Apple Creek Golf.
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      Two Lot in Stone Creek

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    Similar Nearby for Sale

    • $100,000
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      Commercial lot with high visibility near Apple Creek Golf Course.
      Virginia Dr, Makanda, IL 62958
      View Details
    • $69,000
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      Residential Land in Stone Creek

      Over one acre lot in Unity Point School district.
      Stone Creek Dr, Makanda, IL 62958
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    • $35,900
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      Residential Land with Pond Access

      Residential land with pond access in private Makanda location.
      85 Maggie Ln, Makanda, IL 62958
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    • $69,000
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      Residential Land in Makanda, Illinois

      1.35 acre lot near Carbondale, Unity Point School District.
      Stone Creek Dr, Makanda, IL 62958
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    • $52,000
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      Residential Lot in Stone Creek

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    • $429,900
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      Makanda Office Building - $429,900

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    Wolf Creek, IL 62958-0000
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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.

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