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

    511 Laramie Ave Glenview, IL

    • Commercial real estate
    • 2.14 lot acres
    OFF-MARKET
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2385573
    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

    • Commercial real estate

    Property Details for 511 Laramie Ave

    Year built
    1972
    Lot size
    2.14 lot acres
    Property type
    Commercial real estate
    APN
    05-31-109-037
    APU
    531109037

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Glenview
    County
    Cook
    State
    Illinois
    Longitude
    -87.7628
    Latitude
    42.0736
    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
    $2,450
    $11,674
    $1.00
    $11,675
    -
    $46,696
    $4
    $46,700

    Comparable in this City

    • Value Estimation
      $175,000
      0.02 Acres

      Walkup Rd

      COMMERCIAL (GENERAL) • 0.02 Acres
      Walkup Rd, Crystal Lake, IL
      View Details
    • Value Estimation
      $185,000
      3.40 Acres

      Terra Cotta Rd

      COMMERCIAL (GENERAL) • 3.40 Acres
      Terra Cotta Rd, Crystal Lake, IL
      View Details
    • Value Estimation by Request
      31.10 Acres

      Pyott Rd

      COMMERCIAL (GENERAL) • 31.10 Acres
      Pyott Rd, Lake In The Hills, IL
      View Details
    • Value Estimation
      $215,000
      40.00 Acres

      Lake

      COMMERCIAL (GENERAL) • 40.00 Acres
      Lake, Of Egypt Rd, IL
      View Details
    • Value Estimation
      $210,000
      1.74 Acres

      Williams Hill

      COMMERCIAL (GENERAL) • 1.74 Acres
      Williams Hill, Rd, IL
      View Details
    • Value Estimation
      $220,000
      27.00 Acres

      Lake

      COMMERCIAL (GENERAL) • 27.00 Acres
      Lake, Of Egypt Rd, IL
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      22.89 Acres Commercial Land

      Commercial land near I-57 and IL Rt. 15 intersection.
      Wl By-Pass Mt, Vernon, IL
      View Details
    • $1,432,000

      Roxana Land Parcel For Sale

      35.8 acres in Roxana with utilities on site.
      Hedge Rd, East Alton, IL
      View Details
    • $148,000

      Fairview Heights Commercial Development Site

      7.4 acre commercial development site in Fairview Heights, Illinois.
      N Ruby Ln, Fairview Heights, IL
      View Details
    • Contact for pricing

      220-Acre Corporate/Logistics Center

      220-acre corporate/logistics center at I-90/39 & Rte. 173.
      Park-90 Corp Ctr, Machesney Park, IL
      View Details
    • $2,456,784

      24.4 Acres on Business Corridor

      24.4 acres on primary business corridor near major routes.
      2834-2836 S Park Ave, Energy, IL
      View Details
    • Contact for pricing

      Development Land Near Interchange

      Up to 80 acres of shovel-ready development land available.
      33xx S Us 20, Rockford, IL
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      384 SF

      Interconnected Office Space Available

      Office space featuring three interconnected rooms for rent.
      773-773 W Lincoln Blvd, Freeport, IL
      View Details
    • $1,900 /Mo
      1,522 SF

      Retail Space in Vandalia Commons

      Retail space available in established Vandalia Commons shopping center.
      301 Mattes Ave, Vandalia, IL
      View Details
    • $10 SF/Yr
      22,200 SF

      Orland Park Industrial Space Available

      22,200 sqft industrial space for lease in Orland Park.
      11601 183 Pl | Orland Park, IL
      View Details
    • $24 SF/Yr
      2,100 SF

      Oakbrook Terrace Office Space Available

      2100 square feet of office space for lease.
      635 Butterfield Rd, Oakbrook Ter, IL
      View Details
    • Contact for pricing
      1,170 SF

      Active Retail Center in Arlington Heights

      High-traffic retail center with diverse tenant mix.
      202-218 E Rand Rd, Arlington Heights, IL
      View Details
    • Contact for pricing
      559 SF

      Medical Office Space For Rent

      Two-story medical office building in the heart of Elgin.
      1015 Smt St, Elgin, IL
      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.
    511 Laramie Ave
    Glenview, IL
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.