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    Addison Industrial Building For Sale Title is generated by Realmo AI

    255 W Gerri Ln, Addison, IL 60101

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    12,000 SF industrial building in DuPage County.

    Type:Industrial
    Property size:
    12,000 SF
    Lot size:
    0.90 Acres
    Added:
    May 20, 2026
    Days on Market:
    8
    Last Refresh:
    May 20 at 5:57 am

    Property Features for 255 W Gerri Ln

    General Information

    Standard status
    Active
    Size
    12,000 SF
    Lot size
    0.90 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1989

    Properties For Sale

    at 255 W Gerri Ln Contact us

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    Listing Contact
    Joe Karmin
    Joe Karmin

    Listing agent Joe Karmin

    Listing office Transwestern | Rosemont

    Listing date May 20, 2026

    Source Transwestern

    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 Transwestern | Rosemont

    HighLights

    • Standalone industrial building in DuPage County.
    • Heavy parking (± 30 Cars) and large outdoor paved area for potential outside storage.
    • Substantial power supply: multiple 400A circuit breaker panels (208‑120V and 277‑480V).
    • AT&T fiber optic cable installed.
    • Functional space: ±9,413 SF warehouse and ±2,587 SF office.
    • Loading: 1 Exterior Dock / 1 Drive‑In Door.

    Overview

    The property is a ±12,000 SF industrial building located at 255 W. Gerri Lane, Addison, IL. Situated in DuPage County, this standalone facility occupies a ±0.90 AC land area. Constructed in 1989, the building features masonry construction and M2 (General Mfg) zoning. The building includes ±2,587 SF of office space and ±9,413 SF of warehouse space, with a ceiling height of ±16'. Loading is facilitated by 1 exterior dock and 1 drive-in door. The property is equipped with a wet sprinkler system and provides parking for approximately 30 cars. It features a large outdoor paved area behind the facility, offering potential for outside storage. The building has AT&T fiber optic cable installed. It includes a 400A / 208-120V / 3PH main circuit breaker panel with three additional breaker panels, as well as a 400A / 277-480V / 3PH circuit breaker panel with an exterior meter box and installed pole. The property benefits from low DuPage County taxes.
    Location Intelligence

    Current Use by Public Records

    Hardwood Furniture & Design Furniture & Home Goods

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply 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

    • Hassett Commercial Moving & Storage — 455 W Kay Ave, Addison, IL 60101
    • Security Vault Storage — 522 S Westgate St, Addison, IL 60101
    • Life Storage — w fullerton ave, addison, il 60101
    • Secure Document Solutions — Life Storage, 426 S Westgate St, Addison, IL 60101
    • Illinois Velocity Restoration, LLC — 411 Kay Ave, Addison, IL 60101

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9948844
    Latitude
    41.9086217

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    FAQs

    What type of property is this?
    Warehouse - 12,000 SF industrial building in DuPage County.
    Where is this warehouse located?
    The property is located at 255 W Gerri Ln Addison, IL.
    What are key features of this property?
    This property features: Standalone industrial building in DuPage County.; Heavy parking (± 30 Cars) and large outdoor paved area for potential outside storage.; Substantial power supply: multiple 400A circuit breaker panels (208‑120V and 277‑480V).
    (847) 588-5670
    We can help!
    Listing Contact
    Joe Karmin
    Joe Karmin
    Learn More
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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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