Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in High-Traffic Area Title is generated by Realmo AI

    9003-9027 W 151st St, Orland Park, IL

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

    Retail spaces available in a major shopping district.

    Type:RETAIL
    Property size:
    2,000 SF
    Lot size:
    2.38 Acres
    Added:
    Apr 10, 2024
    Days on Market:
    760
    Last Refresh:
    Apr 5 at 10:03 pm

    Property Features for 9003-9027 W 151st St

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Lot size
    2.38 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 9003-9027 W 151st St Contact us

    We can help!

    Listing Contact
    Neil Haleem
    Neil Haleem

    Listing agent Neil Haleem

    Listing office Network Commercial Real Estate

    Listing date Apr 10, 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 Network Commercial Real Estate

    HighLights

    • High traffic area ensures excellent visibility.
    • Daily traffic counts of 19,000 on 151st St.
    • Major shopping district location.
    • Upscale area.
    • Inline spaces available to suit your needs.
    • Endcap spaces available offering prime exposure.

    Overview

    Inline and endcap retail spaces are available for rent in a high-traffic, upscale area within a major shopping district. The location benefits from daily traffic counts of 19,000 on 151st Street. The property offers spaces suitable for various retail purposes.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Orland Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8394
    Latitude
    41.6157

    Nearby Similar for Lease

    • Contact for pricing

      Orland Park Office/Medical Condo

      Prime office/medical condo for rent in Orland Park, Illinois.
      16525 106th Court, Orland Park, IL 60467
      View Details
    • Contact for pricing

      Orland Park Professional Office Space

      Professional office building in Orland Park with high commuter traffic.
      8651 W 159th Street, Orland Park, IL 60462
      View Details
    • Contact for pricing

      Orland Park Retail Opportunity

      Redeveloped retail plaza in high-growth corridor, flexible spaces.
      16100 lagrange Road, Orland Park, IL 60467
      View Details
    • Contact for pricing

      Orland Park Retail/Office Space

      Retail or office space in Orland Park's antique district.
      9919 W 143rd Place, Orland Park, IL 60462
      View Details
    • Contact for pricing

      Orland Park Premium Office Suite

      Spacious 2,000 SF office suite in thriving business corridor.
      13255 Southwest Highway, Orland Park, IL 60462
      View Details
    • $17 SF/Yr

      Class A Office Space

      Prominent office building in Orland Park, move-in ready.
      15255 South 94th Avenue, Orland Park, IL, 60462
      View Details
    • $1,925/Mo

      Retail Space in Orland Park

      Move-in-ready retail space in Orland Park's Brook Hill subdivision.
      11314 W Southwest Hwy, Orland Park, IL 60467
      View Details
    • Sponsored
      Contact for pricing

      IL, Orland Park - 94th Ave

      15635 94Th Ave, Orland Park, IL 15635
      View Details
    • Contact for pricing

      Orland Park

      15255 94Th Ave, Unit 5TH, Orland Park, IL 60462
      View Details
    • Contact for pricing

      Orland Park Commercial Space

      Commercial space for rent in Orland Park, Illinois.
      15527 S 70th Court, Orland Park, IL 60462
      View Details
    • Contact for pricing

      Second Floor Office Unit

      Office unit with open area, private office, and bathroom.
      9540 W 144TH Place 2B, Orland Park, IL 60462
      View Details
    • $32 SF/Yr

      Orland Park Retail Endcap Space

      High-visibility retail space in a well-maintained Orland Park center.
      14470 LaGrange Road, Orland Park, IL 60462
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces available in a major shopping district.
    Where is this retail space located?
    The property is located at 9003-9027 W 151st St Orland Park, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: High traffic area ensures excellent visibility.; Daily traffic counts of 19,000 on 151st St.; Major shopping district location.
    (708) 927-8000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Neil Haleem
    Neil Haleem
    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
    9003-9027 W 151st St, Orland Park, 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!