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    4801 Southwick Dr Matteson, IL 60443-2254
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    Property profile & analytics

    4801 Southwick Dr, Matteson, IL 60443-2254

    View on Map
    • Office buildings
    • 3.90 lot acres
    Off-Market
    Property ID
    US28-2744198
    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

    • Dream Property Management, LLC / Property Management Company
    • Traveling Tax Man, Inc / Tax Preparation
    • Dr. Sherwin W. Ho, MD / Physician
    • Waddell & Reed, Inc. - Financial Advisors / Financial Advisor
    • National Youth Advocate Program / Foster Care Service / Social Service Agency

    Property Details for 4801 Southwick Dr

    Year built
    1987
    Lot size
    3.90 lot acres
    Property type
    Office buildings
    APN
    31-21-403-024
    APU
    3121403024

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 22, 2012 — Klairmont Family LLC Wells Fargo 2002-hq Grant Deed · related —
    Oct 12, 2010 — Morgan Stanley Series 2002-hq Judicial Sales Corp Trustees Deed · related —
    Jul 5, 2001 $6,500,000 Southwick One LLC First Bank Of Oak Park Grant Deed $4.9M · First Bank Of Oak Park

    Description

    Southwick Corporate Park, a Class A office building in Matteson, Illinois, offers 73,256 square feet of versatile space ideal for various business needs. This multi-tenant property boasts 17 available suites ranging from 236 to 12,582 square feet, catering to businesses of all sizes. Located just 26 miles south of Chicago's central business district, the property enjoys exceptional accessibility with its proximity to I-57. Ample parking is available, with a ratio of 4.1 spaces per 1,000 square feet. Large floorplates of 12,582 square feet are available for anchor tenants, who will also benefit from prominent building pylon signage. The building's prime location is across from Lincoln Mall, one of Chicago's largest regional shopping centers, and minutes from the Matteson Auto Mall, the largest concentration of car dealerships in Illinois. Enjoy the convenience of numerous nearby restaurants, including popular chains like Panera Bread, Olive Garden, and many more. The surrounding area offers a vibrant mix of retail and commercial opportunities, making Southwick Corporate Park an excellent choice for businesses seeking a strategic location in the thriving southern suburbs of Chicago. The 3.97-acre site provides ample space and visibility. This property is situated in Cook County and offers a variety of office subtypes including executive, traditional, medical, and creative office spaces.

    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
    Matteson
    County
    Cook
    State
    Illinois
    Longitude
    -87.7337
    Latitude
    41.5019
    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
    $225,389
    $318,174
    $102,786
    $420,960
    -
    $1,272,696
    $411,144
    $1,683,840

    Comparable in this City

    • Value Estimation
      $4,735,000
      4.07 Acres

      4749 211th St

      OFFICE BUILDING (MULTI-STORY)
      4749 211th St, Matteson, IL 60443
      View Details
    • Value Estimation
      $4,740,000
      3.21 Acres

      4747 Lincoln Mall Dr

      OFFICE BUILDING (MULTI-STORY)
      4747 Lincoln Mall Dr, Matteson, IL 60443-3811
      View Details
    • Value Estimation by Request
      6.93 Acres

      400 Lincoln Hwy

      OFFICE BUILDING (MULTI-STORY)
      400 Lincoln Hwy, Matteson, IL 60443
      View Details
    • Value Estimation by Request
      78,000 SF

      4747 Lincoln Hwy

      Medical Office Space
      4747 Lincoln Hwy, Matteson, IL 60443
      View Details
    • Value Estimation by Request
      0.84 Acres

      21470 Main St Ste, Unit 102

      CONDOMINIUM OFFICES
      21470 Main St Ste, Matteson, IL 60443-3714
      View Details
    • Value Estimation by Request
      0.84 Acres

      21470 Main St Ste, Unit 202

      CONDOMINIUM OFFICES
      21470 Main St Ste, Matteson, IL 60443-3715
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Class-A Office and Medical Building

      Class-A office and medical building for lease in Matteson, Illinois.
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      876 SF

      Matteson Office Space Available

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    • $17 SF/Yr

      Matteson Retail/Commercial Space Available

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    • $18 SF/Yr

      Retail Space Anchored by Pete's

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      1,600 SF

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      Retail space with excellent frontage and visibility on Lincoln Highway.
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      View Details
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    Matteson, IL 60443-2254
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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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