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    For Sale (12)

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    Two-Unit Building in Portage Park
    $567,000
    0.10 Acres

    Two-Unit Building in Portage Park

    Traditional two-unit brick building near Chopin Park in Chicago.

    5342 W Newport Ave, Chicago, IL 60641
    View details
    Land in Countryside Lake
    $350,000
    5.89 Acres

    Land in Countryside Lake

    5.89 acres to build your dream home.

    26220 N Midlothian Rd, Mundelein, IL 60060
    View details
    Commercial Property with Established Business
    $419,000
    0.07 Acres

    Commercial Property with Established Business

    Live and work in this River Grove commercial property.

    9011 Grand Ave, River Grove, IL 60171
    View details
    Midlothian Multifamily Investment Opportunity
    $639,900
    0.15 Acres

    Midlothian Multifamily Investment Opportunity

    Six-unit brick building in Midlothian, fully occupied, cash flowing.

    14613 Keystone Ave, Midlothian, IL 60445
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    Legal Brick Two-Unit Duplex
    $364,900

    Legal Brick Two-Unit Duplex

    Two-unit brick property with three bedrooms per apartment and separate utilities for each residence.

    1410 Scoville Ave, Berwyn, IL 60402
    View details
    Remodeled Two-Unit Property with Garage
    $334,900
    0.08 Acres

    Remodeled Two-Unit Property with Garage

    Remodeled two-unit property with finished basement and two-car garage.

    7504 S Green St, Chicago, IL 60620
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    Chicago Multifamily Rehab Opportunity
    $525,000

    Chicago Multifamily Rehab Opportunity

    Four-unit brick building with rehab potential in Chicago.

    1005 N Springfield Ave, Chicago, IL 60651
    View details
    Six-Unit Building in Des Plaines
    $899,900
    0.18 Acres

    Six-Unit Building in Des Plaines

    Six-unit residential building in a desirable Des Plaines location.

    8807 Dee Rd, Des Plaines, IL 60016
    View details
    Niles Multifamily Property For Sale
    $875,000

    Niles Multifamily Property For Sale

    Six-unit apartment building with long-term tenants in Niles, Illinois.

    8509 N Milwaukee Ave, Niles, IL 60714
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    Established Restaurant and Banquet Facility
    Contact for pricing
    12,000 SF

    Established Restaurant and Banquet Facility

    Long-standing restaurant and banquet facility with apartments for sale.

    9200 Cermak Rd, Broadview, IL 60155
    View details
    Six-Unit Brick Apartment Building
    $629,900

    Six-Unit Brick Apartment Building

    Fully occupied six-unit building near Metra and shopping centers.

    14613 Keystone Ave, Midlothian, IL 60445
    View details
    Specialty School Property For Sale
    $419,000

    Specialty School Property For Sale

    For sale specialty school property with convenient drive-up access via Grand Avenue and nearby side-street parking.

    9011 Grand Ave, River Grove, IL 60171
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    For Lease (9)

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    Modern Office and Warehouse Space
    Contact for pricing

    Modern Office and Warehouse Space

    High-tech office and warehouse space for lease in Roselle.

    480 W Lake St, Roselle, IL 60172
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    Roselle Office Space For Rent
    Contact for pricing

    Roselle Office Space For Rent

    Newly renovated 650 SF office space in Roselle, Illinois.

    490 W Lake St, Roselle, IL 60172
    View details
    Prime Chicago Commercial Office Space
    Contact for pricing

    Prime Chicago Commercial Office Space

    Commercial office space ideal for various small business uses.

    6560 W Higgins Ave, Chicago, IL 60656
    View details
    Remodeled Retail Space Near Addison
    Contact for pricing

    Remodeled Retail Space Near Addison

    Recently remodeled commercial space near Addison St. in Chicago.

    6023 W Addison St, Chicago, IL 60634
    View details
    Chicago Commercial Space with Parking
    Contact for pricing

    Chicago Commercial Space with Parking

    Commercial space with parking lot near Addison Street.

    6021 W Addison St, Chicago, IL 60634
    View details
    Remodeled Office Space, Chicago
    Contact for pricing

    Remodeled Office Space, Chicago

    Recently remodeled office space with utilities included, near Kennedy Expressway.

    6811 W Higgins Ave, Chicago, IL 60656
    View details
    Renovated Office Space in Roselle
    Contact for pricing

    Renovated Office Space in Roselle

    Newly renovated office space with flexible layout in Roselle.

    715 E Irving Park Rd, Roselle, IL 60172
    View details
    Roselle Corner Office Space
    Contact for pricing

    Roselle Corner Office Space

    Bright 650 SF corner office in Lake Square Plaza.

    480 W Lake St, Roselle, IL 60172
    View details
    Prime Commercial Office Space Available
    $9 SF/Yr

    Prime Commercial Office Space Available

    Commercial office space ideal for various business uses.

    6560 W Higgins Ave, Chicago, IL 60656
    View details

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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
    RE/MAX City
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