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

    912 Woodlawn Rd Lincoln, IL 62656

    • Medical offices
    • 11,000 SF
    For Lease
    View listing
    $4 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-4140172
    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

    • Metro by T-Mobile / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 912 Woodlawn Rd

    Property size
    11,000 SF
    Property type
    Medical offices
    Property subtype
    Distribution centers

    Description

    This exceptional 11,000-square-foot property, located at 912 Woodlawn Road in Lincoln, Illinois, presents a unique investment opportunity. The building is situated in Logan County and offers a versatile space suitable for a variety of uses, combining medical office and warehouse functionalities. Currently, the entire 11,000 square feet is vacant, providing a blank canvas for a new tenant to customize the space to their exact specifications. The single-tenant occupancy offers streamlined management and potential for long-term lease agreements. The property's classification as both office and industrial allows for flexibility in tenant selection and potential uses. Its location in Lincoln, IL, provides access to a growing community and convenient transportation links. This property is ideal for businesses seeking a substantial, adaptable space in a desirable location. The address is 912 Woodlawn Rd, Lincoln, IL 62656. The property's latitude and longitude coordinates are 40.1579383, -89.3823129 respectively. Serious inquiries are encouraged to explore the possibilities this property offers. The property type is listed as Office and Industrial.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Logan
    State
    Illinois
    Longitude
    -89.3823129
    Latitude
    40.1579383

    Comparable in this City

    • $1,295,000
      33,986 SF

      Lincoln Office/Warehouse on 8 Acres

      33,986 SF office/warehouse on 8.06 acres with outdoor storage.
      1304 Woodlawn Rd, Lincoln, IL 62656
      View Details
    • $14 SF/Yr
      57,000 SF

      Lincoln Town Center Office Suites

      Prime Lincoln, IL Office & Retail Space
      1475 Woodlawn Rd, Lincoln, IL 62656
      View Details
    • $10 SF/Yr
      101,900 SF

      Heritage Plaza: Lincoln, IL Office Space

      Lincoln, IL Office Suites - 1,200 to 54,343 SF
      1200 Woodlawn Rd, Lincoln, IL 62656
      View Details
    • $10 SF/Yr
      54,343 SF

      Retail Space in Heritage Plaza

      Retail spaces for lease in Lincoln, Illinois near I-55.
      1200 Woodlawn Rd, Lincoln, IL 62656
      View Details
    • Contact for pricing
      4,548 SF

      Retail Space in Lincoln, IL

      Retail space available for lease in Lincoln, Illinois.
      429 Keokuk St, Lincoln, IL 62656
      View Details
    • $14 SF/Yr
      5,000 SF

      Retail Spaces in Lincoln Center

      Retail spaces for lease in Lincoln Town Center.
      1469-1487 Woodlawn Rd, Lincoln, IL 62656
      View Details

    Similar Nearby for Sale

    • $345,500
      4,120 SF

      Lincoln, IL Medical Office Building

      High-return medical office investment.
      206 Mclean St, Lincoln, IL 62656
      View Details
    • $4,250,000
      9.43 Acres

      Lincoln, IL Industrial Building

      247,000 sq ft industrial building with convenient I-55 access.
      1119 N Kickapoo St, Lincoln, IL 62656
      View Details
    • Contact for pricing

      Lincoln, IL Commercial Property Investment

      Downtown Lincoln, IL: Two Buildings, Huge Potential
      120 Chicago St, Lincoln, IL 62656
      View Details
    • $280,000

      Lincoln, IL Commercial Property

      Restaurant & Office Space - Huge Potential!
      915 5Th St, Lincoln, IL 62656
      View Details
    • $345,500
      4,120 SF

      Lincoln, IL Office Investment Property

      Third-floor business condo in downtown Lincoln, fully leased until 2029.
      529 Pulaski St, Lincoln, IL 62656
      View Details
    • $229,000

      Prime Lincoln Industrial Land

      High-visibility I-55 commercial lot
      1023 Heitmann Dr, Lincoln, IL 62656
      View Details

    Similar Nearby for Lease

    • $1,295,000
      33,986 SF

      Lincoln Office/Warehouse on 8 Acres

      33,986 SF office/warehouse on 8.06 acres with outdoor storage.
      1304 Woodlawn Rd, Lincoln, IL 62656
      View Details
    • $14 SF/Yr
      57,000 SF

      Lincoln Town Center Office Suites

      Prime Lincoln, IL Office & Retail Space
      1475 Woodlawn Rd, Lincoln, IL 62656
      View Details
    • $10 SF/Yr
      101,900 SF

      Heritage Plaza: Lincoln, IL Office Space

      Lincoln, IL Office Suites - 1,200 to 54,343 SF
      1200 Woodlawn Rd, Lincoln, IL 62656
      View Details
    • $14 SF/Yr
      5,000 SF

      Retail Spaces in Lincoln Center

      Retail spaces for lease in Lincoln Town Center.
      1469-1487 Woodlawn Rd, Lincoln, IL 62656
      View Details
    • $10 SF/Yr
      54,343 SF

      Retail Space in Heritage Plaza

      Retail spaces for lease in Lincoln, Illinois near I-55.
      1200 Woodlawn Rd, Lincoln, IL 62656
      View Details
    • Contact for pricing
      4,548 SF

      Retail Space in Lincoln, IL

      Retail space available for lease in Lincoln, Illinois.
      429 Keokuk St, Lincoln, IL 62656
      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.
    912 Woodlawn Rd
    Lincoln, IL 62656
    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.