Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    64 Orland Sq Dr Orland Park, IL 60462-6542
    Back to Search
    Property profile & analytics

    64 Orland Sq Dr Orland Park, IL 60462-6542

    View on Map
    • Retail space
    • 0.11 lot acres
    Off-Market
    Last Sale Mar 4, 2022
    $1,100,000
    Property ID
    US28-0901960
    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
    $1,145,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Perfect Workout / Gym & Fitness Center
    • Heaney Stephen M DDS / Dental Office
    • Greater Illinois Title Company / Commercial Real Estate Agency / Mortgage Broker
    • Lawrence J. Lenz, DDS, MS / Dental Office
    • Chapel Gail / Dental Office

    Property Details for 64 Orland Sq Dr

    Year built
    1976
    Lot size
    0.11 lot acres
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    27-10-301-013
    APU
    2710301013

    Description

    This exceptional Orland Park office building offers a fantastic opportunity for businesses seeking immediate occupancy. The building boasts 5,000 square feet of pristine, professionally managed space, divided into three suites. Individual suites range from a minimum of 300 square feet to a maximum contiguous space of 1,500 square feet, providing flexibility for various business needs. The building features a convenient elevator, abundant natural light, and some units offer picturesque pond views. Its prime location ensures maximum exposure, with easy access to major expressways and nearby shopping amenities. The building's excellent condition and layout create a professional and inviting atmosphere, ideal for establishing or expanding your business presence. Multiple suites are available for immediate lease, allowing for quick and efficient relocation or expansion. This is a rare opportunity to secure high-quality office space in a highly desirable location. Contact us today to schedule a viewing and secure your ideal workspace. The building is located in Cook County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,185,000
      ML approach
      $1,185,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Orland Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8441
    Latitude
    41.6166
    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
    $82,380
    $17,550
    $257,450
    $275,000
    -
    $70,200
    $1,029,800
    $1,100,000

    Comparable in this City

    • Value Estimation by Request
      6.43 Acres

      15400 La Grange Rd

      STORE, RETAIL OUTLET • 6.43 Acres
      15400 La Grange Rd, Orland Park, IL 60462-4712
      View Details
    • Value Estimation by Request
      1.85 Acres

      9501 144th Pl

      STORE, RETAIL OUTLET • 1.85 Acres
      9501 144th Pl, Orland Park, IL 60462-2561
      View Details
    • Value Estimation by Request
      0.93 Acres

      15900 94Th Ave

      Individual retail properties • 0.93 Acres
      15900 94Th Ave, Orland Park, IL 60462
      View Details
    • Value Estimation by Request
      1.09 Acres

      8000 159th St

      STORE, RETAIL OUTLET • 1.09 Acres
      8000 159th St, Orland Park, IL 60462-7925
      View Details
    • Value Estimation by Request

      10240 153rd St

      STORE, RETAIL OUTLET
      10240 153rd St, Orland Park, IL 60462
      View Details
    • Value Estimation by Request
      0.06 Acres

      9925 143rd St

      STORE, RETAIL OUTLET • 0.06 Acres
      9925 143rd St, Orland Park, IL 60462-2007
      View Details

    Similar Nearby for Sale

    • $1,650,000
      9,572 SF

      Orland Square Mall Outlot Building

      Freestanding retail building positioned at Orland Square Mall entrance.
      50 Orland Square Dr, Orland Park, IL 60462
      View Details
    • Contact for pricing

      Gateway Center Retail Investment Opportunity

      Fully leased retail building with strong national tenants.
      14301 S La Grange Rd, Orland Park, IL 60462
      View Details
    • $450,000

      Prime Commercial Land Orland Park

      0.73-acre commercial land parcel near Orland Square Mall.
      56 Orland Square Dr, Orland Park, IL 60462
      View Details
    • Contact for pricing

      Retail Space in Prime Location

      Retail space with high traffic and daytime population.
      15900 94Th Ave, Orland Park, IL 60462
      View Details
    • Contact for pricing
      8,000 SF

      Turnkey Sushi Hibachi Restaurant Building

      Fully equipped sushi and hibachi restaurant in Orland Park.
      15410 S 94Th Ave, Orland Park, IL 60462
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,900 SF

      Retail Space in Orland Park

      Prime retail space in a dominant power center.
      50 Orland Park Pl, Orland Park, IL 60462
      View Details
    • Contact for pricing
      1,333 SF

      Retail Space in Orland Park

      Retail space available in Whole Foods-anchored shopping center.
      15180-15260 La Grange Rd, Orland Park, IL 60462
      View Details
    • $10 SF/Yr
      8,000 SF

      Prime Retail Space Available

      Highly visible retail space in a major business district.
      15625 S 94Th Ave, Orland Park, IL 60462
      View Details
    • $15 SF/Yr
      4,385 SF

      Retail Space in Orland Park

      2,898 SF retail space in a busy shopping center.
      15551-15567 S 94Th Ave, Orland Park, IL 60462
      View Details
    • $20 SF/Yr
      2,000 SF

      Retail Space in High-Traffic Area

      Retail spaces available in a major shopping district.
      9003-9027 W 151St St, Orland Park, IL 60462
      View Details
    • Contact for pricing
      6,300 SF

      Retail Space in Premier Location

      Ground-up retail development in a super regional market.
      9608 161St Pl, Orland Park, IL 60462
      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.
    64 Orland Sq Dr
    Orland Park, IL 60462-6542
    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

    Thank You for Inquiry
    64 Orland Sq Dr, Orland Park, IL, 60462
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!