Add Listing
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

    962 Lk St, Unit 98 Roselle, IL 60172-3353

    • Commercial real estate
    • 20,450 SF
    • 2.20 lot acres
    OFF-MARKET
    Value Estimations
    $3,070,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2444378
    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 962 Lk St

    Year built
    1987
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.20 lot acres
    Property size
    20,450 SF
    Zone code
    C
    Property type
    Commercial real estate
    APN
    02-09-305-022
    APU
    209305022

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,130,000
      Market price range: $2.58M - $4.66M
      AI Estimate
      $3,037,000
      Market price range: $1.54M - $4.78M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,400,000
      Current use
      MEDICAL BUILDING
      $4,605,000
      Change: +36% Conversion: Easy
      RETAIL STORES
      $4,405,000
      Change: +30% Conversion: Easy
      OFFICE BUILDING
      $3,665,000
      Change: +8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Roselle
    County
    Dupage
    State
    Illinois
    Longitude
    -88.1057
    Latitude
    41.9668
    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
    2023
    $54,399
    $270,480
    $438,820
    $709,300
    -
    $811,440
    $1,316,460
    $2,127,900

    Comparable in this City

    • Value Estimation by Request
      1.07 Acres

      428 Woodfield Trl

      COMMERCIAL (GENERAL) • 1.07 Acres
      428 Woodfield Trl, Roselle, IL 60172
      View Details
    • Value Estimation
      $1,180,000
      8,943 SF

      32 Prospect St, Unit 40

      COMMERCIAL (GENERAL) • 8,943 SF
      32 Prospect St, Roselle, IL 60172-2024
      View Details
    • Value Estimation by Request
      1,450 SF

      800 Lk St Ste, Unit 106

      COMMERCIAL (GENERAL) • 1,450 SF
      800 Lk St Ste, Roselle, IL 60172-2884
      View Details
    • Value Estimation
      $880,000
      6,000 SF

      725 Irving Park Rd Ste D

      COMMERCIAL (GENERAL) • 6,000 SF
      725 Irving Park Rd Ste D, Roselle, IL 60172-2355
      View Details
    • Value Estimation
      $3,310,000
      14,432 SF

      25th Lk St

      COMMERCIAL (GENERAL) • 14,432 SF
      25th Lk St, Roselle, IL 60172-3100
      View Details
    • Value Estimation
      $695,000
      2,894 SF

      920 Lk St

      COMMERCIAL (GENERAL) • 2,894 SF
      920 Lk St, Roselle, IL 60172-3352
      View Details

    Similar Nearby for Sale

    • $2,600,000
      23,881 SF

      Roselle Strip Center Investment Opportunity

      Prime Roselle location, high-traffic retail space.
      731 Nerge Rd, Roselle, IL 60172
      View Details
    • $500,000
      1.20 Acres

      Roselle Land on Irving Park

      1.2 acre commercial land with frontage on Irving Park Road.
      460 W Irving Park Rd, Roselle, IL 60172
      View Details
    • $700,000
      0.76 Acres

      Roselle Office Space For Sale

      Office space in Roselle with flexible layout options.
      1030 Summerfield Dr, Roselle, IL 60172
      View Details
    • Contact for pricing

      Downtown Roselle Commercial Building

      Prime location commercial building with financial incentives in downtown Roselle.
      205 Pinecroft Dr, Roselle, IL 60172
      View Details
    • $295,000
      1.10 Acres

      Residential Lot in DuPage County

      Expansive 1.1-acre residential lot in unincorporated DuPage County.
      6N160 Garden Ave, Roselle, IL 60172
      View Details
    • $549,900
      1,192 SF

      Roselle Commercial Building For Sale

      Prime downtown Roselle location with financial incentives available.
      205 Pinecroft Dr, Roselle, IL 60172
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      130,288 SF

      Roselle Retail Strip Center

      Retail spaces available in a well-located Roselle shopping center.
      731 E Nerge Rd, Roselle, IL 60172
      View Details
    • Contact for pricing

      Office Building Overlooking Turner Park

      Two-story office building near amenities and I-390 interchange.
      390 E Devon Ave, Roselle, IL 60172
      View Details
    • Contact for pricing
      1,242 SF

      Roselle Retail Space Available

      Retail space available for lease in Roselle, Illinois.
      620-692 W Lake St, Roselle, IL 60172
      View Details
    • Contact for pricing
      7,639 SF

      Industrial Unit with High Ceilings

      Industrial unit featuring high ceilings and new epoxy floors.
      801-805 Dave Pate Dr, Roselle, IL 60172
      View Details
    • Contact for pricing
      5,434 SF

      High-Image Flex Condo Unit

      Flex condo unit with dedicated loading in DuPage county.
      14-52 Congress Cir W, Roselle, IL 60172
      View Details
    • Contact for pricing
      17,176 SF

      Roselle Warehouse Space Available

      17,176 SF warehouse space with truck court.
      100 N Gary Ave, Roselle, IL 60172
      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.
    962 Lk St, Unit 98
    Roselle, IL 60172-3353
    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.
    Sign Up Successful!
    You now have access to more from Realmo!