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    Rima Odeh, Oak Forest, IL

    License ID: 475102798
    Years of Experience
    30
    Association
    Illinois Association Of Realtors

    Service Locations

    Contact details

    Phone:
    (708) 206-3000
    Office Address:
    1624 E Summit, Crown Point, IN 46307

    Property Types

    • Commercial Lease
    • Commercial Sale
    • Land

    Performance

    Listings
    24
    Total transactions
    143
    Total transactions amount
    $55M
    Price range
    $120k - 1.2M
    Average price
    $385k

    Listings

    For Sale (22)

    View map
    • $409,900
      2,500 SF

      Versatile Industrial Building in Chicago Ridge

      Immaculate, rehabbed industrial building suitable for warehouse, office, or retail.
      10333 Oxford Ave, Chicago Ridge, IL 60415
      View Details
    • $779,900
      0.34 Acres

      Chicago Commercial Brick Storefronts For Sale

      Income-producing commercial property with long-term tenants on a busy corner.
      5600 W Division St, Chicago, IL 60651
      View Details
    • New
      $949,900
      0.31 Acres

      Mixed-Use Building in Worth Business District

      Immaculate mixed-use building with apartments, storefront, patio, and parking.
      6906-6908 111Th St, Worth, IL 60482
      View Details
    • Contact for pricing
      2,500 SF

      Versatile Industrial Building in Chicago Ridge

      Immaculate, rehabbed industrial building suitable for warehouse, office, or retail.
      10333 Oxford Ave, Chicago Ridge, IL 60415
      View Details
    • New
      $1,649,900
      14,500 SF

      Commercial Building in Countryside, IL

      Well-maintained commercial building with retail and office spaces for sale.
      6502 Joliet Rd, Countryside, IL 60525
      View Details
    • $199,000
      0.22 Acres

      Vacant Lot in Avalon Park

      9,375 sq ft vacant lot in Chicago's Avalon Park.
      8314 8Th St, Chicago, IL 60617
      View Details
    • New
      $224,900
      1.03 Acres

      Orland Park 1-Acre Lot

      Desirable Orland Park lot to build your dream home.
      10932 W 151St St, Orland Park, IL 60467
      View Details
    • $749,900
      1.00 Acre

      Prime Commercial Lot on Cicero

      One-acre corner lot in Crestwood's business district.
      14101 S Cicero Ave, Crestwood, IL 60418
      View Details
    • $199,000
      4,906 SF

      Phoenix Commercial Building For Sale

      Commercial building suitable for auto shops or various business ventures.
      15500 Vincennes Rd, Phoenix, IL 60426
      View Details
    • $119,900

      Commercial Corner Lot in Midlothian

      Prime commercial land in a high-traffic business district.
      4031 147Th St, Midlothian, IL 60445
      View Details
    • $319,900
      0.37 Acres

      Updated Mixed-Use Building in Midlothian

      Updated mixed-use building in the heart of Midlothian business district.
      4039 147Th St, Midlothian, IL 60445
      View Details
    • $439,900
      0.37 Acres

      Updated Mixed-Use Building and Land

      Updated mixed-use property with vacant land in Midlothian.
      4039 147Th St, Midlothian, IL 60445
      View Details
    • Contact for pricing

      Harlem Avenue Vacant Lot

      Vacant lot on high-traffic Harlem Avenue, near I-80.
      18001 Harlem Ave, Tinley Park, IL 60477
      View Details
    • $349,900
      2,850 SF

      Midlothian Mixed-Use Commercial Building

      Profitable Mixed-Use Property in Midlothian, IL
      4039 147Th St, Midlothian, IL 60445
      View Details
    • Contact for pricing

      Commercial Corner Lot on 147th

      Prime commercial corner lot in Midlothian business district.
      4031 147Th St, Midlothian, IL 60445
      View Details
    • Contact for pricing
      2,850 SF

      Updated Mixed-Use Building in Midlothian

      Updated mixed-use building in Midlothian's business district, fully leased.
      4039 147Th St, Midlothian, IL 60445
      View Details
    • Contact for pricing
      14,500 SF

      Countryside Commercial Building For Sale

      Immaculate, well-maintained commercial building in a desirable Countryside location.
      6502 Joliet Rd, Countryside, IL 60525
      View Details
    • Contact for pricing
      4,906 SF

      Phoenix Auto Shop Opportunity

      4906 SF brick building suitable for auto-related businesses.
      15500 Vincennes Rd, Phoenix, IL 60426
      View Details
    • $459,900
      2,850 SF

      Midlothian Mixed-Use Investment Opportunity

      Fully Leased, High-Traffic Location, Huge Potential
      4039 147Th St, Midlothian, IL 60445
      View Details
    • $349,900
      5,400 SF

      Marquette Park Commercial Strip Opportunity

      Commercial strip with four storefronts and investment potential.
      2414 W 71St St, Chicago, IL 60629
      View Details
    • $199,000
      4,906 SF

      Free-Standing Building Truck Repair Shop

      4906 SF brick building suitable for auto shops.
      15500 Vincennes Rd, Phoenix, IL 60426
      View Details
    • $459,900
      2,850 SF

      Updated Mixed-Use Building and Land

      Updated mixed-use building with vacant land in Midlothian.
      4039 147Th St, Midlothian, IL 60445
      View Details

    For Lease (2)

    View map
    • New
      Contact for pricing

      Orland Hills Retail Leasing Opportunity

      Two retail spaces available in Orland Hills for immediate occupancy.
      8833 159Th St, Orland Hills, IL 60487
      View Details
    • Contact for pricing

      First Floor Office Space Available

      Office space for rent in a prime location.
      7936 W 87Th St, Justice, IL 60458
      View Details

    Leases and Sales on Map

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    Rima Odeh, Oak Forest, IL
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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.

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    Rima Odeh, Oak Forest, IL
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