Flex Warehouse For
For Sale
$785,000
7845 W 79th Street W, Bridgeview, IL 60455
Commercial flex/warehouse property available for sale with convenient access off 79th Street in Cook County.
Property Size5,675 SF
Days on Market105
Property Features for 7845 W 79th Street W
General Information
Standard status
Active
Size
5,675 SF
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$38,819
Amenities
Central Air
Building Details
Building Size
5,675 SF
Year Built
1985
Stories
1
Listing Agency:
Network Commercial Real Estate
(708) 800-6487
Listed By:
Adam Haleem · License #475191917
(708) 800-6487
Source:
Evrealestate
Added: Apr 27
Changed: Aug 8
Last Checked: Aug 8 at 6:35AM
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 Network Commercial Real Estate
Investment Insights
Based on property information with market context.
This for-sale flex warehouse property is listed as a combination of flex space and warehouse/industrial real estate. The available information does not specify interior improvements, unit configuration, or building size, so details would need to be confirmed directly with the listing broker or through the offering materials.
The property is located at 7845 W 79th Street in Bridgeview, Illinois, in Cook County. Directions indicate access from 79th St traveling east or west to the address.
For tenants, buyers, and operators seeking a flex-leaning warehouse-style space, this asset may fit a range of light industrial and flexible business needs where warehouse space and adaptable use are priorities. Because the public remarks do not identify specific loading features, office buildout, or other use-defining characteristics, potential users should review the property details and any available plans prior to underwriting or scheduling a site visit.
The property is located at 7845 W 79th Street in Bridgeview, Illinois, in Cook County. Directions indicate access from 79th St traveling east or west to the address.
For tenants, buyers, and operators seeking a flex-leaning warehouse-style space, this asset may fit a range of light industrial and flexible business needs where warehouse space and adaptable use are priorities. Because the public remarks do not identify specific loading features, office buildout, or other use-defining characteristics, potential users should review the property details and any available plans prior to underwriting or scheduling a site visit.
Key Highlights
- Commercial flex/warehouse property for sale in Cook County
- Convenient access off 79th Street (Directions: 79th St east or west to the address)
- Central air cooling
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,758
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,195,160
$1.2M
Cap Rate 7%
$853,686
$853.7K
Cap Rate 9%
$663,978
$664.0K
Market Conditions
NOI Build-Up for 5,675 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$102.2K $18.00/SF
− Vacancy
−$10.2K −$1.80/SF
EGI
$91.9K $16.20/SF
− OpEx
−$32.2K −$5.67/SF
NOI
$59.8K $10.53/SF
Area
Cook County, IL
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,195,160
Cap Rate 7%
$853,686
Cap Rate 9%
$663,978
Alternative Uses
Best Use
Flex RnD
$853.7K
$747.0K – $996.0K
NOI $59,758 @ 7.0% cap · market cap 7.61%
Second Best
Warehouse
$423.8K
$370.8K – $494.4K
NOI $29,664 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$1.96M
$1.71M – $2.29M
NOI $137,152 @ 7.0% cap · market cap 17.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60455, IL
17,098
Population
6,834
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
4,071
Density / Sq Mi
$65,342
Median Household Income
$37,303
Median Earnings
$1,139
Median Rent
$234,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial flex/warehouse property available for sale with convenient access off 79th Street in Cook County.
Where is this flex space located?
The property is located at 7845 W 79th Street W Bridgeview, IL.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Commercial flex/warehouse property for sale in Cook County; Convenient access off 79th Street (Directions: 79th St east or west to the address); Central air cooling
