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

    966 Lambrecht Dr Ste A Frankfort, IL 60423-1918

    • Industrial properties
    • 10,600 SF
    • 2.50 lot acres
    OFF-MARKET
    Value Estimations
    $480,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-5529665
    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

    • Bad Axe Restoration Products / Chemical Manufacturer
    • Mike's Decorating & Painting Inc / Painting / Dry Wall Contractor
    • Deck Medic / Deck Builder
    • Mold Solutions / Water Damage Restoration Service / Home Inspector
    • Dryfx Restoration / Water Damage Restoration Service

    Property Details for 966 Lambrecht Dr Ste A

    Year built
    1996
    Construction
    STEEL FRAME
    Lot size
    2.50 lot acres
    Property size
    10,600 SF
    Property type
    Industrial properties
    APN
    19-09-34-100-069
    APU
    190934100069

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $385,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $570,000
      Market price range: $396k - $1.26M

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

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.8447
    Latitude
    41.4816
    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
    $10,563
    $68,162
    $56,838
    $125,000
    -
    $204,486
    $170,514
    $375,000

    Comparable in this City

    • Value Estimation
      $530,000
      16,945 SF

      9416 Gulfstream Rd Ste 1a

      INDUSTRIAL (GENERAL) • 16,945 SF
      9416 Gulfstream Rd Ste 1a, Frankfort, IL 60423-2542
      View Details
    • Value Estimation
      $390,000
      11,634 SF

      925 Lambrecht Dr Ste B

      INDUSTRIAL (GENERAL) • 11,634 SF
      925 Lambrecht Dr Ste B, Frankfort, IL 60423-2059
      View Details
    • Value Estimation
      $410,000
      12,475 SF

      11864 Laraway Rd

      INDUSTRIAL (GENERAL) • 12,475 SF
      11864 Laraway Rd, Frankfort, IL 60423-7786
      View Details
    • Value Estimation
      $350,000
      9,044 SF

      135 Industry Ave Ste, Unit 2

      INDUSTRIAL (GENERAL) • 9,044 SF
      135 Industry Ave Ste, Frankfort, IL 60423-2909
      View Details
    • Value Estimation
      $470,000
      8,690 SF

      151 Ontario St

      INDUSTRIAL (GENERAL) • 8,690 SF
      151 Ontario St, Frankfort, IL 60423-1646
      View Details
    • Value Estimation
      $430,000
      12,350 SF

      24 Sangmeister Rd Ste B

      INDUSTRIAL (GENERAL) • 12,350 SF
      24 Sangmeister Rd Ste B, Frankfort, IL 60423-7754
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      68.20 Acres

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      7.00 Acres

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      Seven acres, prime development site.
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    • $350,000
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      Frankfort Commercial Land Development

      11.35-acre prime commercial parcel, ready to build.
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      30.00 Acres

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      30-Acre Development Opportunity in Will County
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      1.00 Acre

      Frankfort Industrial Land - 1 Acre

      Prime 1-acre industrial lot, new construction potential.
      29 Challenger Rd, Frankfort, IL 60423
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    • $2,650,000
      22,052 SF

      Free Standing Manufacturing Property

      Manufacturing property with extra land in excellent condition near I-57.
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    Similar Nearby for Lease

    • $6 SF/Yr
      6,033 SF

      Frankfort Office Space Available

      Flexible Offices, Coworking & More
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    • Contact for pricing

      Frankfort Office Space For Rent

      2,100 SF office space in brick building, Frankfort, IL.
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    • $16 SF/Yr
      30,521 SF

      Frankfort Office Space Available

      Class A office suites, build-to-suit options.
      20624 Abbey Woods Ct, Frankfort, IL 60423
      View Details
    • $20 SF/Yr
      27,048 SF

      Frankfort Plaza Retail Center

      Neighborhood center with 2 spaces available
      31 Bankview Dr, Frankfort, IL 60423
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Frankfort, IL

      Retail space available in Frankfort with strong tenant mix.
      35-107 Bankview Dr, Frankfort, IL 60423
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space in Frankfort, Illinois

      Retail space available in a premier power center.
      11043 W Lincoln Hwy, Frankfort, IL 60423
      View Details
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    966 Lambrecht Dr Ste A
    Frankfort, IL 60423-1918
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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.

    More about this property
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