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    Property profile & analytics

    3500 127Th St Blue Island, IL 60406

    • Warehouses
    • 157,800 SF
    • 8.50 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pallet Maxx / Freight Service / Logistics Company
    • ZNS CARGO INC / Freight Service / Logistics Company
    • Jose Pallets Inc / Freight Service / Logistics Company
    • V8 General Construction LLC / Construction Company
    • Thompson Air Duct Cleaners / HVAC Service

    Property Details for 3500 127Th St

    Lot size
    8.50 lot acres
    Property size
    157,800 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Blue Island
    County
    Cook
    State
    Illinois
    Longitude
    -87.7076
    Latitude
    41.6634

    Comparable in this City

    • Value Estimation by Request
      43,750 SF

      2872 Vermont St

      Distribution properties • 43,750 SF
      2872 Vermont St, Blue Island, IL 60406
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    • Value Estimation by Request
      157,800 SF

      3500 127Th St

      Distribution properties • 157,800 SF
      3500 127Th St, Blue Island, IL 60406
      View Details
    • Value Estimation by Request
      4,000 SF

      14432 California Ave

      Distribution properties • 4,000 SF
      14432 California Ave, Blue Island, IL 60406
      View Details
    • Value Estimation by Request
      1.32 Acres

      2424 139th St

      MINI-WAREHOUSE, STORAGE • 1.32 Acres
      2424 139th St, Blue Island, IL 60406
      View Details
    • Value Estimation by Request
      0.31 Acres

      13830 Harrison St

      MINI-WAREHOUSE, STORAGE • 0.31 Acres
      13830 Harrison St, Blue Island, IL 60406-2809
      View Details
    • Value Estimation by Request
      984 SF

      13641 Chatham St

      STORAGE YARD, OPEN STORAGE • 984 SF
      13641 Chatham St, Blue Island, IL 60406-3236
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      131,351 SF

      Blue Island Industrial Warehouse

      131,351 SF Warehouse, Value-Add Opportunity
      13210 Western Ave, Blue Island, IL 60406
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    • Contact for pricing
      157,800 SF

      Blue Island Industrial Manufacturing Facility

      157,800 SF Warehouse, 8.5 Acres
      3500 127Th St, Blue Island, IL 60406
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    • Contact for pricing
      4,000 SF

      Posen Warehouse: Fully Renovated

      Turn-key industrial warehouse, ideal for truck repair.
      14432 California Ave, Blue Island, IL 60406
      View Details
    • Contact for pricing

      Blue Island Industrial Facility

      Multi-tenant industrial building with high-cube warehouse space and heavy power.
      3301 Wireton Rd, Blue Island, IL 60406
      View Details
    • $425,000
      2,882 SF

      Blue Island Mixed-Use Investment

      Commercially zoned property with retail space and income-generating apartment.
      12522 Western Ave, Blue Island, IL 60406
      View Details
    • New
      $304,900

      Blue Island Two-Flat Investment

      Two-unit building on tree-lined street, great investment opportunity.
      2537-2539 Grove St, Blue Island, IL 60406
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      13,135 SF

      Blue Island Industrial Warehouse

      13,135 SF Manufacturing/Warehouse
      13210 Western Ave, Blue Island, IL 60406
      View Details
    • $29 SF/Yr
      1,606 SF

      Retail Space with Drive-Thru

      End-cap retail space with drive-thru and high visibility.
      12601 Western Ave, Blue Island, IL 60406
      View Details
    • New
      Contact for pricing

      COMMERCIAL - Blue Island, IL

      Storefront property in Blue Island near dining, restaurants, and businesses.
      12606 Western Ave, Blue Island, IL 60406
      View Details
    • Contact for pricing
      5,602 SF

      Professionally Finished Office Space Available

      Prime location office space for lease in Blue Island, IL.
      12151 S Western Ave SE, Blue Island, IL 60406
      View Details
    • $25 SF/Yr

      Blue Island Retail/Office/Medical Space

      Retail, medical, or office space in Blue Island, Illinois.
      12601 S Western Ave, Blue Island, IL 60406
      View Details
    • New
      Contact for pricing
      12,301 SF

      Blue Island Commercial Retail Space

      Ready-to-lease building in Blue Island with recent upgrades.
      2418 Vermont St, Blue Island, IL 60406
      View Details
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    3500 127Th St
    Blue Island, IL 60406
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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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