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    Property profile & analytics

    545 Sherwood Rd La Grange Park, IL 60526

    • Lifestyle centers
    • 1.30 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 545 Sherwood Rd

    Lot size
    1.30 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    La Grange Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8687
    Latitude
    41.8249

    Comparable in this City

    • Value Estimation
      $505,000
      2.85 Acres

      333 La Grange Rd

      MINI-MALL • 2.85 Acres
      333 La Grange Rd, La Grange Park, IL 60526-5646
      View Details
    • Value Estimation
      $510,000
      3.60 Acres

      419 La Grange Rd

      MINI-MALL • 3.60 Acres
      419 La Grange Rd, La Grange Park, IL 60526-5645
      View Details
    • Value Estimation by Request
      0.23 Acres

      900 31st St

      NURSERY, GREENHOUSE, FLORIST • 0.23 Acres
      900 31st St, La Grange Park, IL 60526-1225
      View Details
    • Value Estimation by Request
      46,637 SF

      507 Woodlawn Ave

      Individual retail properties • 46,637 SF
      507 Woodlawn Ave, La Grange Park, IL 60526
      View Details
    • Value Estimation by Request
      0.26 Acres

      1235 Homestead Rd, Unit P5

      RESIDENTIAL PARKING GARAGE • 0.26 Acres
      1235 Homestead Rd, La Grange Park, IL 60526-1164
      View Details
    • Value Estimation by Request
      0.27 Acres

      1117 Homestead Rd, Unit P9

      RESIDENTIAL PARKING GARAGE • 0.27 Acres
      1117 Homestead Rd, La Grange Park, IL 60526-5412
      View Details

    Similar Nearby for Sale

    • $1,190,000

      La Grange Park Multifamily Building

      Seven-unit brick building near downtown La Grange.
      1211 Homestead Rd, La Grange Park, IL 60526
      View Details
    • $168,800

      Well-Kept Condo in Convenient Location

      Second-floor condo with hardwood floors, parking, and pet-friendly policy.
      1427 Homestead Rd, La Grange Park, IL 60526
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    Similar Nearby for Lease

    • Contact for pricing
      872 SF

      La Grange Park Retail/Office Space

      Retail and office spaces available in La Grange Park.
      333-359 N La Grange Rd, La Grange Park, IL 60526
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    • Contact for pricing
      850 SF

      La Grange Park Retail/Office Space

      Retail and office spaces available in La Grange Park, IL.
      401-440 N La Grange Rd, La Grange Park, IL 60526
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      Prime LaGrange Park Retail Condo

      1,169 SF Retail Space - For Sale/Lease
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      Village Market Retail Space For Lease

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      333 La Grange Rd, La Grange Park, IL 60526
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      14,400 SF

      La Grange Medical Space Sublease

      High-end, fully built-out medical space available for sublease.
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    545 Sherwood Rd
    La Grange Park, IL 60526
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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.

    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
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