Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4721 51 W 135th St Crestwood, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flex space with loading docks and drive-in doors.

    Type:FLEX_R_AND_D
    Property size:
    3,681 SF
    Lot size:
    2.50 Acres
    Added:
    Jun 26, 2024
    Days on Market:
    675
    Last Refresh:
    Apr 5 at 10:08 pm

    Property Features for 4721 51 W 135th St

    General Information

    Standard status
    Active
    Size
    3,681 SF
    Lot size
    2.50 Acres
    Property subtype
    FLEX_R_AND_D

    Spaces For Lease

    at 4721 51 W 135th St Contact us

    We can help!

    Listing Contact
    Jesse Miranda
    Jesse Miranda

    Listing agent Jesse Miranda

    Listing office Bradford Allen - Corporate

    Listing date Jun 26, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Bradford Allen - Corporate

    Overview

    Crestwood Flex Space Available

    The Crestwood flex properties comprise a four-building complex offering visibility from the intersection of Cicero Avenue and 135th Street. The location provides convenient access to I-294. Flex space options range from 3,681 to 5,860 square feet and feature loading docks, drive-in doors, and ample parking.
    Location Intelligence

    Current Use by Public Records

    Walgreens Respiratory Services Health Consultant Coinhub Bitcoin ATM ... Atm Walgreens Sleep and Respiratory ... Home Health Care Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Babe With A Board — 5024 Circle Ct, Crestwood, IL 60418

    Location Insight

    • Map
    • Local Demand
    City
    Crestwood
    County
    Cook
    State
    Illinois
    Longitude
    -87.7355
    Latitude
    41.6466

    Nearby Similar for Lease

    • $20 SF/Yr

      Retail Storefront in Crestwood Center

      Turn-key retail space in high-traffic Crestwood shopping center.
      14150 South Cicero Avenue, Crestwood, IL 60445
      View Details
    • Contact for pricing

      Regional Center Retail Space Available

      Retail space in a dominant regional center with high traffic.
      13180-13220 S Cicero Ave, Crestwood, IL
      View Details
    • Contact for pricing

      Drive-Thru Outlot Opportunity

      Drive-thru outlot opportunity available for lease.
      13301 South Cicero Avenue | Crestwood, IL 60445
      View Details
    • $13 SF/Yr

      Crestwood Office Space Available

      Office space available for lease in Crestwood, Illinois.
      4757 137th STREET, Crestwood, IL
      View Details
    • Contact for pricing

      Retail Building on Cicero Avenue

      15,062 SF building in Crestwood's retail corridor.
      13343 S Cicero Ave, Crestwood, IL 60445
      View Details
    • Contact for pricing

      Crestwood Warehouse with Office Space

      Warehouse with office space available for rent in Crestwood.
      13500 Kenton Ave, Crestwood, IL
      View Details
    • Contact for pricing

      Retail Outlot Opportunity Available

      Retail space available in front of Menards and Walmart.
      13301 S Cicero Ave, Crestwood, IL 60445
      View Details
    • Contact for pricing

      Freestanding Restaurant Building on Cicero Avenue

      Second-generation restaurant with black-iron hood and patio seating.
      13340 Cicero Ave, Crestwood, IL
      View Details
    • Contact for pricing

      Retail Space in Crestwood Center

      Dominant power center with national brand anchors and high traffic.
      13130-13120 Rivercrest Dr, Crestwood, IL
      View Details
    • Contact for pricing

      Retail Space at Hard Corner

      Retail space with high traffic and signage opportunities.
      4736-4756 Cal Sag Rd, Crestwood, IL
      View Details
    • Contact for pricing

      Crestwood Flex Space Available

      Flex space with loading docks and drive-in doors.
      4701 15 W 135th St, Crestwood, IL
      View Details
    • Contact for pricing

      Regional Center Retail Space Available

      Retail space in a dominant regional center with high traffic.
      13230 S Cicero Ave, Crestwood, IL
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space with loading docks and drive-in doors.
    Where is this flex space located?
    The property is located at 4721 51 W 135th St Crestwood, IL.
    What are key features of this property?
    This property features: Convenient location minutes from I‑294.; Great visibility from the intersection of Cicero and 135th Street.; Flex space options available.
    (312) 994-5700 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jesse Miranda
    Jesse Miranda
    Learn More
    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.
    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

    4721 51 W 135th St, Crestwood, IL

    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!