Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    763 Edgewood Ave Wood Dale, IL 60191
    Back to Search
    Property profile & analytics

    763 Edgewood Ave Wood Dale, IL 60191

    View on Map
    • Warehouses
    • 40,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 763 Edgewood Ave

    Property size
    40,000 SF
    Property type
    Warehouses
    Property subtype
    Office properties & Spaces

    Description

    This exceptional 40,000 square foot multi-tenant property, located at 763 N Edgewood Ave in Wood Dale, Illinois (DuPage County, zip code 60191), offers a unique blend of executive office and warehouse space. Currently, 5,000 square feet of versatile space is immediately available for lease. The building boasts a 14-foot ceiling height, providing ample vertical space for storage or specialized equipment. Convenient loading and unloading is facilitated by one loading dock and one drive-in door. The property is well-suited for businesses requiring both office and warehouse functionality, offering a seamless integration of workspace and storage. The available space is perfect for a variety of uses, from light manufacturing to distribution and office operations. The building is equipped with 200 amps of power, ensuring sufficient electrical capacity for most business needs. This prime location in DuPage County offers easy access to major transportation routes, making it an ideal choice for companies seeking efficient logistics and convenient commuting for employees. The property is situated at 41.9780588 latitude and -87.9646636 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wood Dale
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9647
    Latitude
    41.9781

    Comparable in this City

    • Value Estimation by Request
      19,110 SF

      376 Balm Ct

      Distribution properties • 19,110 SF
      376 Balm Ct, Wood Dale, IL 60191
      View Details
    • Value Estimation by Request
      71,284 SF

      827-847 Central Ave

      Distribution properties • 71,284 SF
      827-847 Central Ave, Wood Dale, IL 60191
      View Details
    • Value Estimation by Request
      14,983 SF

      720-730 Edgewood Ave

      Distribution properties • 14,983 SF
      720-730 Edgewood Ave, Wood Dale, IL 60191
      View Details
    • Value Estimation by Request
      43,958 SF

      908-938 Central Ave

      Distribution properties • 43,958 SF
      908-938 Central Ave, Wood Dale, IL 60191
      View Details
    • Value Estimation by Request
      4.07 Acres

      935 Central Ave

      INDUSTRIAL (GENERAL) • 4.07 Acres
      935 Central Ave, Wood Dale, IL 60191-1218
      View Details
    • Value Estimation by Request
      1.61 Acres

      618 Edgewood Ave

      INDUSTRIAL (GENERAL) • 1.61 Acres
      618 Edgewood Ave, Wood Dale, IL 60191-2604
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      119,985 SF

      Industrial Warehouse Space Available 2025

      Industrial warehouse space with heavy power, available Q1 2025.
      901 Mittel Dr, Wood Dale, IL 60191
      View Details
    • $1,450,000
      10,000 SF

      Live-Work Compound with Penthouse Residence

      Unique live-work property featuring a penthouse, office, and warehouse.
      320 E Irving Park Rd, Wood Dale, IL 60191
      View Details
    • Contact for pricing

      Wood Dale Flex Space Available

      Flex space with warehouse and office components available for sale.
      1400 Mittel Blvd, Wood Dale, IL 60191
      View Details
    • Contact for pricing
      7,000 SF

      7,000 SF Office Building

      Office building with 7,000 SF of space for sale.
      300 E Irving Park Rd, Wood Dale, IL 60191
      View Details
    • New
      $519,900
      2,727 SF

      Mixed-Use Building in Town Center

      2727 sq ft mixed-use building near Metra station.
      138 W Irving Park Rd, Wood Dale, IL 60191
      View Details
    • $108,000

      Oversized Lot Near Amenities

      Affordable lot near expressways, golf, shopping, and transportation.
      341 Oak Ave, Wood Dale, IL 60191
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      57,005 SF

      Wood Dale Industrial Space Available

      26,990 SF industrial space with office near O'Hare.
      712 N Central Ave, Wood Dale, IL 60191
      View Details
    • Contact for pricing
      172,018 SF

      Sublease Industrial Space Available

      172,018 SF industrial space available for sublease.
      1501 N Michael Dr, Wood Dale, IL 60191
      View Details
    • Contact for pricing

      Office and Warehouse Space Available

      Office and warehouse spaces for lease near O’Hare Airport.
      1400 N Mittel Blvd, Wood Dale, IL 60191
      View Details
    • Contact for pricing

      Wood Dale High-Image Flex Space

      High-image office/flex space with lab, direct access to O’Hare.
      1360 Wood Dale Rd, Wood Dale, IL 60191
      View Details
    • Contact for pricing

      Wood Dale Flex Space Available

      Flex space available for lease near major highways and O'Hare.
      712 N Central Ave, Wood Dale, IL 60191
      View Details
    • Contact for pricing
      13,160 SF

      Wood Dale Industrial Space Available

      13,160 SF industrial space with loading docks for lease.
      935-945 Sivert Dr, Wood Dale, IL 60191
      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.
    763 Edgewood Ave
    Wood Dale, IL 60191
    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
    763 Edgewood Ave, Wood Dale, IL, 60191
    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!