Corner Gas Station
For Sale
Contact for pricing
7948 West 79th Street, Bridgeview, IL 60455
The property carries B1-1 zoning and is identified as an automotive corner site.
Property Size2,732 SF
Price / SF$347.73
Days on Market53
Property Features for 7948 West 79th Street
General Information
Standard status
Active
Size
2,732 SF
Property subtype
Retail
Zoning
B1-1
Additional Details
Asking Price
$950,000
Listing Agency:
Matthews
(773) 619-4527
Listed By:
Matthew Ladd · License #475.201193
Source:
Crexi
Added: Jul 9
Changed: Aug 30
Last Checked: Aug 30 at 8:03AM
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 Matthews
Investment Insights
Based on property information with market context.
This gas station property is positioned as an established automotive corner site in Bridgeview, Illinois. The asset is identified for automotive-related commercial use and carries B1-1 zoning.
The property is located at 7948 West 79th Street, Bridgeview, IL 60455, within the suburban Chicago market. Its corner positioning and automotive classification define the primary physical and commercial characteristics provided for the site.
The property is located at 7948 West 79th Street, Bridgeview, IL 60455, within the suburban Chicago market. Its corner positioning and automotive classification define the primary physical and commercial characteristics provided for the site.
Key Highlights
- Automotive corner site in suburban Chicago
- B1‑1 zoning
- Address: 7948 West 79th Street, Bridgeview, IL 60455
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
$45,734
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
4.81%
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%
$914,680
$914.7K
Cap Rate 7%
$653,343
$653.3K
Cap Rate 9%
$508,156
$508.2K
Market Conditions
NOI Build-Up for 2,732 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
$65.6K $24.00/SF
− Vacancy
−$4.6K −$1.68/SF
EGI
$61.0K $22.32/SF
− OpEx
−$15.2K −$5.58/SF
NOI
$45.7K $16.74/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$914,680
Cap Rate 7%
$653,343
Cap Rate 9%
$508,156
Alternative Uses
Best Use
Specialty Retail
$653.3K
$571.7K – $762.2K
NOI $45,734 @ 7.0% cap · market cap 4.81%
Second Best
Retail
$541.7K
$474.0K – $632.0K
NOI $37,921 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$943.2K
$825.3K – $1.10M
NOI $66,026 @ 7.0% cap · market cap 6.95%
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
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 41%
Hotels & Casinos 5%
McDonald's
Dining
18,408 visits/mo
0.1 miles
7-Eleven
Shops & Services
4,900 visits/mo
0.1 miles
AutoZone
Shops & Services
4,352 visits/mo
0.2 miles
BP
Shops & Services
4,061 visits/mo
0.0 miles
Super 8 Bridgeview/Chicago Area
Hotels & Casinos
1,764 visits/mo
0.1 miles
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 Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Gas station - The property carries B1-1 zoning and is identified as an automotive corner site.
Where is this gas station located?
The property is located at 7948 West 79th Street Bridgeview, IL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Automotive corner site in suburban Chicago; B1‑1 zoning; Address: 7948 West 79th Street, Bridgeview, IL 60455
