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    191 Gary Ave Carol Stream, IL 60188-2024
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    Property profile & analytics

    191 Gary Ave Carol Stream, IL 60188-2024

    View on Map
    • Office buildings
    • 69,947 SF
    • 4.60 lot acres
    Off-Market
    Last Sale Jan 27, 2021
    $3,375,000
    Property ID
    US28-5722546
    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.
    Value Estimations
    $3,640,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Eno Inc / Trucking Company
    • Integrated Respiratory Solutions / Medical Supply Store
    • Conduent / Corporate Office
    • Repeat Boutique Center / Charitable Organization
    • World Relief Chicagoland / Dupage Office / Charitable Organization / Social Service Agency

    Property Details for 191 Gary Ave

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.60 lot acres
    Property size
    69,947 SF
    Zone code
    C
    Property type
    Office buildings
    APN
    05-05-201-004
    APU
    505201004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,145,000
      ML approach
      $4,140,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,156,000
      Market price range: $2.83M - $10.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    Carol Stream
    County
    Dupage
    State
    Illinois
    Longitude
    -88.1193
    Latitude
    41.9002
    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
    2023
    $83,053
    $720,090
    $423,600
    $1,143,690
    -
    $2,160,270
    $1,270,800
    $3,431,070

    Comparable in this City

    • Value Estimation
      $1,490,000
      9,438 SF

      325 Fullerton Ave

      OFFICE BUILDING • 9,438 SF
      325 Fullerton Ave, Carol Stream, IL 60188-1865
      View Details
    • Value Estimation
      $3,470,000
      34,305 SF

      380 Schmale Rd

      OFFICE BUILDING • 34,305 SF
      380 Schmale Rd, Carol Stream, IL 60188-2791
      View Details
    • Value Estimation
      $770,000
      6,189 SF

      245 Gary Ave

      OFFICE BUILDING • 6,189 SF
      245 Gary Ave, Carol Stream, IL 60188-2022
      View Details
    • Value Estimation by Request
      4,402 SF

      200 Gary Ave, Unit 06

      OFFICE BUILDING • 4,402 SF
      200 Gary Ave, Carol Stream, IL 60188-1834
      View Details
    • Value Estimation
      $1,170,000
      7,270 SF

      370 Main Pl

      OFFICE BUILDING • 7,270 SF
      370 Main Pl, Carol Stream, IL 60188-2448
      View Details
    • Value Estimation by Request
      0.69 Acres

      351 Main Pl, Unit 1

      OFFICE BUILDING • 0.69 Acres
      351 Main Pl, Carol Stream, IL 60188-2455
      View Details

    Similar Nearby for Sale

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      18,430 SF

      Medical/Office Building in Carol Stream

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    • $1,100,000
      6,040 SF

      Commercial Office Building For Sale

      Well-maintained commercial building with leased units and move-in-ready suite.
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    • $1,650,000
      0.99 Acres

      Carol Stream Commercial Opportunity

      B3-zoned property with high visibility and adaptive reuse potential.
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      View Details
    • Contact for pricing
      6,148 SF

      Versatile Carol Stream Commercial Property

      High-visibility commercial property with adaptable layout and ample parking.
      415 N Gary Ave, Carol Stream, IL 60188
      View Details
    • $1,750,000

      4.2 Acres of Land

      4.2 acres of land available for sale.
      Nec Gary Ave & Lies Rd, Carol Stream, IL 60188
      View Details
    • Contact for pricing
      2,980 SF

      Medical Clinic in Carol Stream

      Healthcare property with long-term tenant in high-income, dense area.
      865 E Geneva Rd, Carol Stream, IL 60188
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Building with North Avenue Exposure

      Single-story office building with efficient layout and high parking ratio.
      690 E North Ave, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Industrial Space on St. Charles

      Available July 2025: Industrial space with retail exposure.
      130 E Saint Charles Rd, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Professional Office Space Available

      Highly visible and accessible office location in Carol Stream, IL.
      640 E St. Charles Rd, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Available Industrial Building Near I-355

      439,421 SF building with convenient access to transportation.
      250 S Gary Ave, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Carol Stream Industrial Space Available

      Industrial space with office, docks, and drive-in doors for lease.
      238-248 Tubeway Dr, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Sublease Opportunity in Carol Stream

      143,524 SF available through September 2033 in Carol Stream.
      343 E Lies Rd, Carol Stream, IL 60188
      View Details

    Property Visit Statistics

    • Visits by month
      400
    • Visitors by month
      480
    • Avg Time on site
      39 min
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    Carol Stream, IL 60188-2024
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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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    191 Gary Ave, Carol Stream, IL, 60188
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