Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    16140 Clinton St Harvey, IL 60426

    • Warehouses
    • 34,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Four Season Logistics / Warehouse

    Property Details for 16140 Clinton St

    Property size
    34,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional Harvey, Illinois industrial property offers 16,000 square feet of immediately available warehouse space within a larger 34,000 square foot building. The property is classified as Class B and features a single-story structure with an 18-foot ceiling height, perfect for various industrial uses. Two loading docks and two dock-high doors ensure efficient loading and unloading operations, complemented by one drive-in door for added flexibility. The site also includes ample parking, estimated at 10+ spaces, for convenient access. The space is part of a multi-tenant building with a total of two suites. This property boasts a rich history, having previously served as a Sears Robuck warehouse facility. Located at 16140 Clinton St, Harvey, IL 60426, near the intersection of 163rd Street and Clinton Street, this location provides easy access to major highways, making it an ideal distribution hub. The lease terms are negotiable and offered on a modified gross basis. The minimum divisible space is 16,000 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Harvey
    County
    Cook
    State
    Illinois
    Longitude
    -87.629
    Latitude
    41.5962

    Comparable in this City

    • Value Estimation by Request

      16201 Halsted St

      Distribution properties
      16201 Halsted St, Harvey, IL 60426
      View Details
    • Value Estimation
      $340,000
      0.07 Acres

      14336 Paulina St

      MINI-WAREHOUSE, STORAGE • 0.07 Acres
      14336 Paulina St, Harvey, IL 60426
      View Details
    • Value Estimation
      $450,000
      5.02 Acres

      2021 143rd St

      MINI-WAREHOUSE, STORAGE • 5.02 Acres
      2021 143rd St, Dixmoor, IL 60426
      View Details
    • Value Estimation
      $340,000
      0.12 Acres

      272 152nd St

      MINI-WAREHOUSE, STORAGE • 0.12 Acres
      272 152nd St, Harvey, IL 60426
      View Details
    • Value Estimation by Request

      16259 Ctr Ave

      MINI-WAREHOUSE, STORAGE
      16259 Ctr Ave, Harvey, IL 60426-6053
      View Details
    • Value Estimation by Request

      378 147th St

      MINI-WAREHOUSE, STORAGE
      378 147th St, Phoenix, IL 60426
      View Details

    Similar Nearby for Sale

    • $3,250,000
      39,400 SF

      Crane and Rail Served Facility

      39,400 SF industrial facility with crane and rail access.
      2151 S Robey Ave, Dixmoor, IL 60426
      View Details
    • $399,900
      2.50 Acres

      Industrial/Commercial Land Opportunity

      2.5-acre lot near I-80 and I-294 in Harvey, Illinois.
      16259 Ctr Ave, Harvey, IL 60426
      View Details
    • Contact for pricing
      0.52 Acres

      Oversized Corner Lot in Markham

      Spacious corner lot to build your dream home!
      16490 Belleplaine Rd, Markham, IL 60426
      View Details
    • $255,000
      0.09 Acres

      Harvey, IL Two-Flat with Basement

      Two-flat with finished basement apartment, convenient location.
      14540 Loomis Ave, Harvey, IL 60426
      View Details
    • Contact for pricing
      Pending

      Vacant Lot in Harvey, IL

      Vacant lot available for purchase in Harvey, Illinois.
      15412 S Marshfield Lot Ave, Harvey, IL 60426
      View Details
    • $335,000

      Remodeled Triplex - Turnkey Investment

      Remodeled triplex with modern finishes, ideal for investors or owner-occupants.
      98 W 154 St, Harvey, IL 60426
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      23,472 SF

      Industrial Space with Fenced Storage

      Industrial property featuring renovated offices and fenced outside storage.
      270 E 167Th Pl, Harvey, IL 60426
      View Details
    • $18 SF/Yr
      1,580 SF

      Retail Space in Densely Populated Area

      1,580 SF retail space with pylon signage available for rent.
      369-396 E 147Th St, Harvey, IL 60426
      View Details
    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.
    16140 Clinton St
    Harvey, IL 60426
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.