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    For Sale (13)

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    Highland Park Mixed-Use Development Site
    $1,600,000
    0.83 Acres

    Highland Park Mixed-Use Development Site

    36,438 SF mixed-use development site near downtown Highwood, IL.

    417-429 Temple Ave, Highland Park, IL 60035
    View details
    West Town Brick Warehouse with Offices
    $549,900
    2,400 SF

    West Town Brick Warehouse with Offices

    2,400 SF brick warehouse with offices in West Town.

    526 N Ashland Ave, Chicago, IL 60622
    View details
    Vacant Land Near Downtown Westmont
    $297,000
    0.21 Acres

    Vacant Land Near Downtown Westmont

    Vacant land with architectural plans near Metra and downtown.

    306 S Grant St, Westmont, IL 60559
    View details
    Lockport, IL Commercial Land
    $249,900
    2.90 Acres

    Lockport, IL Commercial Land

    2.9 acre commercial land for sale in Lockport, IL.

    N State St, Lockport, IL 60441
    View details
    Chicago Commercial Property for Sale
    $395,900
    0.10 Acres

    Chicago Commercial Property for Sale

    Commercial property available in Chicago, Illinois.

    3556 S Ashland Ave, Chicago, IL 60609
    View details
    Downers Grove Commercial Building
    $614,900
    0.21 Acres

    Downers Grove Commercial Building

    Well-maintained commercial building suitable for various businesses.

    425 Ogden Ave, Downers Grove, IL 60515
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    Chicago Brick Two-Unit Property
    $425,000

    Chicago Brick Two-Unit Property

    Well-maintained two-unit property in Clearing neighborhood, ideal for rental income.

    6054 W 64Th St, Chicago, IL 60638
    View details
    Mixed-Use Development Site Opportunity
    $1,600,000
    0.84 Acres

    Mixed-Use Development Site Opportunity

    36,438 SF mixed-use development site near downtown Highwood, IL.

    417-429 Temple Ave, Highland Park, IL 60035
    View details
    Commercial Office Building For Sale
    $1,100,000
    6,040 SF

    Commercial Office Building For Sale

    Well-maintained commercial building with leased units and move-in-ready suite.

    200 N Gary Ave, Carol Stream, IL 60188
    View details
    Oakbrook Terrace Commercial Building
    $449,900
    2,000 SF

    Oakbrook Terrace Commercial Building

    Commercial building in thriving business district with expressway access.

    1S221 Summit Ave, Oakbrook Terrace, IL 60181
    View details
    Elmwood Park Turnkey Investment Opportunity
    $739,000

    Elmwood Park Turnkey Investment Opportunity

    Well-maintained 3-flat with income potential in a prime location.

    2702 N 74Th Ave, Elmwood Park, IL 60707
    View details
    Land in Chicago Heights, IL
    $100,000

    Land in Chicago Heights, IL

    Commercial land available in Chicago Heights, Illinois.

    1201 Cottage Grove Ave, Chicago Heights, IL 60411
    View details
    Auburn Gresham Investor Opportunity
    $47,500

    Auburn Gresham Investor Opportunity

    Investor special in Chicago's Auburn Gresham neighborhood.

    8429 S Sangamon St, Chicago, IL 60620
    View details

    For Lease (1)

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    Oakbrook Terrace Commercial Space Available
    Contact for pricing
    14,810 SF

    Oakbrook Terrace Commercial Space Available

    Commercial space for office or retail in Oakbrook Terrace.

    1S085 Summit Ave, Oakbrook Terrace, IL 60181
    View details

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    United Real Estate-Chicago
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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
    United Real Estate-Chicago
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