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

    970 Buffalo Grv Rd Buffalo Grove, IL 60089-3703

    • Retail residential properties
    • 9,318 SF
    • 0.56 lot acres
    OFF-MARKET
    Last Sale
    Sep 12, 2023
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2094006
    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

    • Hjg salon llc. / Hair Salon
    • Dramatic Designer / Hair Salon / Beauty Salon

    Property Details for 970 Buffalo Grv Rd

    Year built
    1988
    Lot size
    0.56 lot acres
    Property size
    9,318 SF
    Property type
    Retail residential properties
    APN
    03-09-101-041
    APU
    309101041

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $490,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $714,000
      Market price range: $372k - $2.31M

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo Grove
    County
    Cook
    State
    Illinois
    Longitude
    -87.9595
    Latitude
    42.1374
    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
    $28,344
    $36,358
    $55,690
    $92,048
    -
    $363,580
    $556,900
    $920,480

    Comparable in this City

    • Value Estimation by Request
      29,995 SF

      1278-1300 Barclay Blvd

      Distribution properties • 29,995 SF
      1278-1300 Barclay Blvd, Buffalo Grove, IL 60089
      View Details
    • Value Estimation by Request
      2.60 Acres

      Huntley Rd

      VACANT COMMERCIAL LAND • 2.60 Acres
      Huntley Rd, Buffalo Grove, IL 60089
      View Details
    • Value Estimation by Request
      1.73 Acres

      20960 Juneway Ave

      VACANT COMMERCIAL LAND • 1.73 Acres
      20960 Juneway Ave, Buffalo Grove, IL 60089
      View Details
    • Value Estimation by Request
      5.43 Acres

      Aptakisic Rd

      VACANT COMMERCIAL LAND • 5.43 Acres
      Aptakisic Rd, Buffalo Grove, IL 60089
      View Details
    • Value Estimation by Request
      11.95 Acres

      17948 Aptakisic Rd

      VACANT COMMERCIAL LAND • 11.95 Acres
      17948 Aptakisic Rd, Buffalo Grove, IL 60089
      View Details
    • Value Estimation by Request
      1.50 Acres

      Barclay Blvd

      VACANT COMMERCIAL LAND • 1.50 Acres
      Barclay Blvd, Buffalo Grove, IL 60089
      View Details

    Similar Nearby for Sale

    • $2,150,000
      2,000 SF

      4 Office Condo Units For Sale

      4 Office Condo Units For Sale
      321-333 W Dundee Road, Buffalo Grove, IL 60089
      View Details
    • $350,000
      1,164 SF

      Updated Ranch Unit with Basement

      Charming 2-bedroom condo with pond views and finished basement.
      314 Satinwood Ter, Buffalo Grove, IL 60089
      View Details
    • $379,999
      0.50 Acres

      Renovated Professional Building For Sale

      Renovated professional building on 0.46 acres, ideal for various uses.
      275 W Dundee Rd, Buffalo Grove, IL 60089
      View Details
    • Contact for pricing
      61,650 SF

      Prime Buffalo Grove Retail Space

      Former grocery store, high traffic location
      1160 Lake Cook Rd, Buffalo Grove, IL 60089
      View Details
    • $1,320,000

      Prime Dundee Road Office Trio

      Three adjacent office condos, excellent investment.
      325-333 Dundee Rd, Buffalo Grove, IL 60089
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      58 acres of commercial land in Chicago's northern suburbs.
      1300 Milwaukee Ave, Buffalo Grove, IL 60089
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      50,000 SF

      New Spec Building on Parkway

      50,000 SF spec building in Buffalo Grove, available Spring 2020.
      990 Deerfield Pkwy, Buffalo Grove, IL 60089
      View Details
    • $21 SF/Yr
      5,744 SF

      Office Space with Golf Views

      Office space featuring golf course views and updated lobby.
      1100 W Lake Cook Rd, Buffalo Grove, IL 60089
      View Details
    • Contact for pricing
      2,100 SF

      Office, Flex, Industrial Units Available

      Office, flex, and industrial units for lease.
      1531-1555 Barclay Blvd, Buffalo Grove, IL 60089
      View Details
    • Contact for pricing
      2,100 SF

      Office/Flex/Industrial Units Available

      Office, flex, and industrial units for lease in Buffalo Grove.
      1561-1585 Barclay Blvd, Buffalo Grove, IL 60089
      View Details
    • $20 SF/Yr
      1,800 SF

      Spoerlein Commons: Buffalo Grove Office

      Class A Office Suites, Prime Location
      1151 Mchenry Rd, Buffalo Grove, IL 60089
      View Details
    • $12 SF/Yr
      48,186 SF

      Buffalo Grove Office Space Available

      Executive Suites, 222-13,638 sq ft
      975 Weiland Rd, Buffalo Grove, IL 60089
      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.
    970 Buffalo Grv Rd
    Buffalo Grove, IL 60089-3703
    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.