Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    237 Cass Ave Westmont, IL 60559-1705
    Back to Search
    Property profile & analytics

    237 Cass Ave Westmont, IL 60559-1705

    View on Map
    • Industrial properties
    • 1,800 SF
    • 0.10 lot acres
    Off-Market
    Property ID
    US28-2741185
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Oakwood Electric & Generator / Electrical Service / General Contractor
    • Schrade Ball Bearing Products / Auto Parts Store

    Property Details for 237 Cass Ave

    Year built
    1986
    Lot size
    0.10 lot acres
    Property size
    1,800 SF
    Zone code
    A
    Property type
    Industrial properties
    APN
    09-10-100-009
    APU
    910100009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Westmont
    County
    Dupage
    State
    Illinois
    Longitude
    -87.9751
    Latitude
    41.8012
    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
    $6,327
    $47,070
    $47,770
    $94,840
    -
    $141,210
    $143,310
    $284,520

    Comparable in this City

    • Value Estimation
      $575,000
      11,028 SF

      205 Burlington Ave

      INDUSTRIAL (GENERAL) • 11,028 SF
      205 Burlington Ave, Westmont, IL 60559-1719
      View Details
    • Value Estimation
      $2,490,000
      49,572 SF

      801 Blackhawk Dr

      INDUSTRIAL (GENERAL) • 49,572 SF
      801 Blackhawk Dr, Westmont, IL 60559-1119
      View Details
    • Value Estimation
      $665,000
      15,252 SF

      735 Cass Ave

      INDUSTRIAL (GENERAL) • 15,252 SF
      735 Cass Ave, Westmont, IL 60559-1100
      View Details
    • Value Estimation
      $775,000
      12,600 SF

      45 Chicago Ave

      INDUSTRIAL (GENERAL) • 12,600 SF
      45 Chicago Ave, Westmont, IL 60559-1726
      View Details
    • Value Estimation
      $1,570,000
      31,895 SF

      529 Grant St

      INDUSTRIAL (GENERAL) • 31,895 SF
      529 Grant St, Westmont, IL 60559-1508
      View Details
    • Value Estimation
      $4,285,000
      92,400 SF

      44 Plz Dr

      INDUSTRIAL (GENERAL) • 92,400 SF
      44 Plz Dr, Westmont, IL 60559-1130
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      36,706 SF

      Westmont Industrial Asset For Sale

      Single-tenant industrial asset 100% leased to AT&T Illinois.
      751 Blackhawk Dr, Westmont, IL 60559
      View Details
    • $1,525,200

      Westmont Office/Flex Building For Sale

      15,252 SF office/flex building on 1.01-acre site.
      735 N Cass Ave, Westmont, IL 60559
      View Details
    • Contact for pricing

      Westmont Retail Shopping Center For Sale

      94% leased shopping center in affluent Chicago suburb.
      800 E Ogden Ave, Westmont, IL 60559
      View Details
    • $399,500
      0.17 Acres

      Westmont Commercial Land For Sale

      Vacant lot suitable for commercial or residential development.
      3920 N Cass Ave, Westmont, IL 60559
      View Details
    • $649,000
      0.92 Acres

      Updated Ranch Home on Large Lot

      Updated ranch home on a nearly one-acre lot.
      25 Hidden View Dr, Westmont, IL 60559
      View Details
    • Contact for pricing

      Westmont Office/Medical Space Available

      Office and medical space available for lease in Westmont.
      801 N Cass Ave, Westmont, IL 60559
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Warehouse Facility in Westmont

      52,000 SF industrial warehouse with office space for lease.
      825 Blackhawk Dr, Westmont, IL 60559
      View Details
    • $22 SF/Yr
      100,000 SF

      Westmont Industrial Flex Space Available

      Industrial flex space with loading docks and HVAC for lease.
      701 Oakmont Ln, Westmont, IL 60559
      View Details
    • Sponsored
      Contact for pricing

      IL, Westmont - Oakmont Plaza Drive

      Discover many ways to work your way in IL, Westmont - Oakmont Plaza Drive
      999 Oakmont Plaza Dr, Westmont, IL 60559
      View Details
    • $14 SF/Yr

      Single-Story Office/Flex Suites For Rent

      Office/flex suites with private entries and tenant-controlled HVAC.
      777 Oakmont Ln, Westmont, IL 60559
      View Details
    • Contact for pricing

      Single-Story Office/Flex Space Available

      Office/flex buildings with private entries and tenant-controlled HVAC.
      1111 Pasquinelli Dr, Westmont, IL 60559
      View Details
    • $14 SF/Yr
      3,844 SF

      Westmont Flex Space Available

      Flex space with natural light and convenient parking for rent.
      1010 Executive Ct, Westmont, IL 60559
      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.
    237 Cass Ave
    Westmont, IL 60559-1705
    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
    237 Cass Ave, Westmont, IL, 60559
    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!