Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    980 Sunset Rdg Rd Northbrook, IL 60062
    Back to Search
    Property profile & analytics

    980 Sunset Rdg Rd, Northbrook, IL 60062

    View on Map
    • Retail space
    • 0.18 lot acres
    Off-Market
    Property ID
    US28-1314033
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 980 Sunset Rdg Rd

    Year built
    1970
    Lot size
    0.18 lot acres
    Property type
    Retail space
    APN
    04-11-203-034
    APU
    411203034

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 12, 2008 — 960 Skokie LLC Trust 10147 Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Northbrook
    County
    Cook
    State
    Illinois
    Longitude
    -87.7903
    Latitude
    42.1346
    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
    $11,400
    $30,000
    $21,448
    $51,448
    -
    $120,000
    $85,792
    $205,792

    Comparable in this City

    • Value Estimation by Request
      0.24 Acres

      1100 Willow Ln

      RETAIL STORES (PERSONAL SERVICES)
      1100 Willow Ln, Northbrook, IL 60062-3813
      View Details
    • Value Estimation by Request
      0.27 Acres

      1290 Shermer Rd

      RETAIL STORES (PERSONAL SERVICES)
      1290 Shermer Rd, Northbrook, IL 60062-4567
      View Details
    • Value Estimation by Request

      770 Skokie Blvd

      RETAIL STORES (PERSONAL SERVICES)
      770 Skokie Blvd, Northbrook, IL 60062-2898
      View Details
    • Value Estimation by Request
      0.42 Acres

      1009 Waukegan Rd

      RETAIL STORES (PERSONAL SERVICES)
      1009 Waukegan Rd, Northbrook, IL 60062
      View Details
    • Value Estimation by Request
      0.25 Acres

      818 Waukegan Rd

      RETAIL STORES (PERSONAL SERVICES)
      818 Waukegan Rd, Northbrook, IL 60062-3714
      View Details
    • Value Estimation by Request
      765 SF

      2990 Dundee Rd

      RETAIL STORES (PERSONAL SERVICES)
      2990 Dundee Rd, Northbrook, IL 60062-2504
      View Details

    Similar Nearby for Sale

    • $685,000

      Northbrook Retail/Office Building For Sale

      Stand-alone retail/office building in Northbrook with high traffic exposure.
      1815 Dundee Rd, Northbrook, IL 60062
      View Details
    • $580,000
      7,000 SF

      Northbrook Commercial Property with Carwash

      Commercial property with car wash, showroom, and coffee shop.
      204 Skokie Blvd, Northbrook, IL 60062
      View Details
    • Contact for pricing
      57,456 SF

      Mixed-Use Property with Diversified Income

      57,456 SF mixed-use property with long-term tenants.
      1310 Shermer Rd, Northbrook, IL 60062
      View Details
    • $150,000

      Established Korean Restaurant in Northbrook

      Thriving Korean restaurant in Northbrook's dining district for sale.
      3534 N Milwaukee Ave, Northbrook, IL 60062
      View Details
    • Contact for pricing

      North Shore Development Parcel

      Development parcel with expressway views in Northbrook, Illinois.
      1000 Skokie Blvd, Northbrook, IL 60062
      View Details
    • $1,200,000

      Top-Tier Office Suite/Recording Studio

      High-end office suite and recording studio in Northbrook.
      636 Anthony Trl, Northbrook, IL 60062
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,926 SF

      Retail Space in Northbrook Center

      Retail space available in a shopping center with ample parking.
      45 Skokie Blvd, Northbrook, IL 60062
      View Details
    • Contact for pricing
      1,421 SF

      Retail Space in Northbrook Center

      Retail, office, or medical space in neighborhood center.
      2720-2780 Dundee Rd, Northbrook, IL 60062
      View Details
    • Contact for pricing
      1,350 SF

      Retail Space in Sanders Center

      Retail spaces available in Northbrook's Sanders Center.
      4125 Dundee Rd, Northbrook, IL 60062
      View Details
    • Contact for pricing
      2,500 SF

      Northbrook Retail/Restaurant Opportunity

      New development with high traffic and flexible design options.
      1975 Shermer Rd, Northbrook, IL 60062
      View Details
    • Contact for pricing
      3,817 SF

      Retail Space Near Hotel Amenities

      Retail space with growth potential near hotel amenities.
      1110 Willow Rd, Northbrook, IL 60062
      View Details
    • Contact for pricing
      5,991 SF

      Retail Space in Northbrook Center

      Retail space available in Northbrook, Illinois shopping center.
      307 Skokie Blvd, Northbrook, IL 60062
      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.
    980 Sunset Rdg Rd
    Northbrook, IL 60062
    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
    980 Sunset Rdg Rd, Northbrook, IL, 60062
    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!