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    4338 127th St Alsip, IL 60803

    • Auto shops
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Mar 07, 2024
    $265,000
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-5772623
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Auto shops

    Property Details for 4338 127th St

    Year built
    1962
    Lot size
    0.29 lot acres
    Property type
    Auto shops
    APN
    24-27-400-071
    APU
    2427400071

    Description

    This exceptional 1,400 square foot auto repair shop, completely renovated in 2024, is available for sale at $699,000. Located at 4338 W 127th St, Alsip, IL 60803, in Cook County, this owner-user opportunity sits on a spacious 13,000 square foot lot zoned C. The property boasts three repair bays and a triple basin, ideal for a thriving auto repair business. The asking price equates to $499.29 per square foot. Its convenient location offers easy access to the I-294 corridor, ensuring high visibility and convenient access for customers. The single-story building is ready for immediate occupancy, presenting a turnkey solution for an established or aspiring auto repair entrepreneur. This is a rare opportunity to acquire a well-equipped, recently renovated facility in a desirable location. The property's size and features make it an attractive investment for those seeking a profitable venture in the automotive repair industry. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $265,000
      ML approach
      $265,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alsip
    County
    Cook
    State
    Illinois
    Longitude
    -87.7281
    Latitude
    41.6623
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $18,902
    $20,694
    $26,369
    $47,063
    -
    $82,776
    $105,476
    $188,252

    Comparable in this City

    • Value Estimation
      $430,000
      2,727 SF

      11701 Pulaski Rd

      AUTO REPAIR, GARAGE • 2,727 SF
      11701 Pulaski Rd, Alsip, IL 60803-1605
      View Details
    • Value Estimation
      $275,000
      1.81 Acres

      24836 Central Ave

      AUTO REPAIR, GARAGE • 1.81 Acres
      24836 Central Ave, Alsip, IL 60803
      View Details
    • Value Estimation
      $480,000
      0.51 Acres

      4615 120th St

      AUTO REPAIR, GARAGE • 0.51 Acres
      4615 120th St, Alsip, IL 60803-2316
      View Details
    • Value Estimation
      $300,000
      0.26 Acres

      12257 Cicero Ave

      AUTO REPAIR, GARAGE • 0.26 Acres
      12257 Cicero Ave, Alsip, IL 60803-2906
      View Details
    • Value Estimation
      $335,000
      0.53 Acres

      12322 Keeler Ave

      AUTO REPAIR, GARAGE • 0.53 Acres
      12322 Keeler Ave, Alsip, IL 60803-1813
      View Details
    • Value Estimation
      $215,000
      1,260 SF

      11314 Cicero Ave

      AUTO REPAIR, GARAGE • 1,260 SF
      11314 Cicero Ave, Alsip, IL 60803-2826
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,000 SF

      Alsip Auto Shop Investment Opportunity

      Prime Auto Repair Shop, High Traffic Area
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      Alsip Commercial Land Opportunity

      Commercial land in Alsip's Central Business District for sale.
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      Prime Commercial Space for Sale

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      Alsip Retail Pad - Prime Location

      Vacant land, high traffic, development ready.
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    • $668,550
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      Updated Six-Unit Multifamily Property

      Fully leased six-unit multifamily property in a desirable area.
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    • $13,000,000
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      High Velocity Warehouse For Sale

      New construction warehouse with trailer parking and repair bays.
      3600 W 127Th St, Alsip, IL 60803
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,151 SF

      Cicero Ave Retail Space

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    • $16 SF/Yr
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      70,000 SF Flex Space, Cook County, IL
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      View Details
    • Contact for pricing
      1,020 SF

      Retail Space Near Midway Airport

      Retail space with ample parking and easy accessibility for customers.
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      View Details
    • $20 SF/Yr
      18,537 SF

      Creekside Plaza Retail Space

      Alsip, IL Retail Space - 1,353 SF Available
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      View Details
    • Contact for pricing
      3,174 SF

      Retail/Healthcare Space Near Pulaski Road

      3,174 SF retail/healthcare space with convenient access and parking.
      11500 S Pulaski Rd, Alsip, IL 60803
      View Details
    • Contact for pricing
      11,711 SF

      Merrionette Park Retail Space Available

      Retail space for lease in Merrionette Park, Illinois.
      3205-3243 W 115Th St, Merrionette Park, IL 60803
      View Details
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    4338 127th St
    Alsip, IL 60803
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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.

    More about this property
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