Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3800 Vollmer Rd Flossmoor, IL 60422

    • Retail space
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-4781952
    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.

    Current Use by Public Records

    • Tesla Supercharger / Electric Vehicle Charging Station
    • Pharmacy Drive-Thru / Pharmacy
    • higi / Physician
    • Meijer Pharmacy / Pharmacy
    • Western Union / Bank / Credit Union

    Property Details for 3800 Vollmer Rd

    Property type
    Retail space
    APN
    31-11-302-033
    APU
    3111302033

    Description

    Exceptional retail leasing opportunity within high-traffic Meijer stores across the Midwest. Two available spaces range from 701 to 806 square feet, with a total of 1,507 square feet of vacant space. These in-store locations offer unparalleled visibility and access to thousands of weekly customers. The all-inclusive monthly fee covers real estate taxes, property insurance, common area maintenance, and utilities. Strategic placement ensures maximum visibility and customer interaction. Interior and exterior signage opportunities are available for enhanced branding. These spaces are situated in thriving trade areas with desirable demographics, making them ideal for a variety of businesses, including financial institutions, food and beverage establishments, service businesses, health and wellness providers, and more. Multiple vacancies exist in various Midwest markets. This "Store-Within-A-Store" concept provides a unique opportunity to establish a presence in one of the Midwest's most recognizable retail destinations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Flossmoor
    County
    Cook
    State
    Illinois
    Longitude
    -87.7105
    Latitude
    41.5298
    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
    2022
    $1,979,430
    $1,378,696
    $2,301,410
    $3,680,106
    -
    $5,514,784
    $9,205,640
    $14,720,424

    Comparable in this City

    • Value Estimation
      $4,500,000

      19730 Governors Hwy

      RETAIL STORES (PERSONAL SERVICES)
      19730 Governors Hwy, Flossmoor, IL 60422-2082
      View Details
    • Value Estimation
      $4,500,000

      19720 Governors Hwy

      RETAIL STORES (PERSONAL SERVICES)
      19720 Governors Hwy, Flossmoor, IL 60422-2029
      View Details
    • Value Estimation by Request
      0.78 Acres

      19630 Governors Hwy

      RETAIL STORES (PERSONAL SERVICES) • 0.78 Acres
      19630 Governors Hwy, Flossmoor, IL 60422-2078
      View Details
    • Value Estimation by Request
      0.47 Acres

      18708 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES) • 0.47 Acres
      18708 Dixie Hwy, Flossmoor, IL 60422-1314
      View Details
    • Value Estimation by Request
      0.07 Acres

      2711 Flossmoor Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      2711 Flossmoor Rd, Flossmoor, IL 60422-1141
      View Details
    • Value Estimation by Request
      0.08 Acres

      2709 Flossmoor Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      2709 Flossmoor Rd, Flossmoor, IL 60422-1141
      View Details

    Similar Nearby for Sale

    • $790,000
      2,900 SF

      Flossmoor Mixed-Use Investment Opportunity

      Mixed-use property with commercial space and residential units in Flossmoor.
      2626 Flossmoor Rd, Flossmoor, IL 60422
      View Details
    • $399,900
      2.53 Acres

      Flossmoor Commercial Development Opportunity

      2.53-acre commercial land parcel in Flossmoor, Illinois.
      19611 Crawford Ave, Flossmoor, IL 60422
      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.
    3800 Vollmer Rd
    Flossmoor, IL 60422
    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.
    Sign Up Successful!
    You now have access to more from Realmo!