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    3801 Fullerton Ave Chicago, IL 60647
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    Property profile & analytics

    3801 Fullerton Ave Chicago, IL 60647

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    • Commercial real estate
    • 8,000 SF
    Off-Market
    Property ID
    US28-0399086
    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

    • PLD Collection / Clothing & Fashion Store
    • 3801 W Fullerton 1R, 2R / Apartment Building
    • Omarcito’s Latin Cafe / Restaurant
    • Shop La Meag / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Earth Angel Beauties / Hair Salon / Nail Salon

    Property Details for 3801 Fullerton Ave

    Property size
    8,000 SF
    Property type
    Commercial real estate

    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
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.722184315303
    Latitude
    41.924305481558

    Comparable in this City

    • Contact for pricing

      Storefront Available on North Avenue

      2,975 SF storefront suitable for various businesses.
      2409 W North Ave, Chicago, IL 60647
      View Details
    • Contact for pricing
      1,864 SF

      Milwaukee Avenue Retail Opportunity

      Prime retail, restaurant, or office space in Bucktown.
      1879 N Milwaukee Ave, Chicago, IL 60647
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    • $19 SF/Yr

      Logan Square Storefront Space Available

      Storefront space for lease in Logan Square neighborhood.
      3530 W Armitage Ave, Chicago, IL 60647
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    • Contact for pricing

      Logan Square Retail Center Space

      Retail and restaurant spaces available in Logan Square shopping center.
      2800 W Armitage Ave, Chicago, IL 60647
      View Details
    • Contact for pricing

      Wicker Park Retail/Office Space

      Ideally located office/retail space in Wicker Park neighborhood.
      2339 West North Ave, Chicago, IL 60647
      View Details
    • Contact for pricing
      2,208 SF

      Bucktown-Wicker Park Commercial Space

      Prime location near The 606 Trail, ideal for various businesses.
      1893 N Milwaukee Ave, Chicago, IL 60647
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Loft-Style Retail Space on North Avenue

      Versatile street-level retail space with high visibility and unique features.
      2542 W North Ave, Chicago, IL 60647
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    • $1,200,000

      Loft-Style Retail Space Available

      Versatile retail space with high visibility in a prime location.
      2542 W North Ave, Chicago, IL 60647
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    • Contact for pricing
      2,125 SF

      Bucktown Retail Space Available

      Chicago storefront, versatile space
      2118 Milwaukee Ave, Chicago, IL 60647
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    • $489,900
      1,864 SF

      Prime Retail Storefront on Damen

      Highly visible retail space in Chicago's Logan Square/Bucktown corridor.
      2119 N Damen Ave, Chicago, IL 60647
      View Details
    • $1,200,000

      Loft-Style Retail Space on North Avenue

      Versatile retail space with high visibility and unique features.
      2542 W North Ave, Chicago, IL 60647
      View Details
    • $780,000
      0.05 Acres

      Bucktown-Wicker Park Commercial Opportunity

      Prime location near The 606 Trail, ideal for various businesses.
      1893 N Milwaukee Ave, Chicago, IL 60647
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Storefront Available on North Avenue

      2,975 SF storefront suitable for various businesses.
      2409 W North Ave, Chicago, IL 60647
      View Details
    • Contact for pricing
      1,864 SF

      Milwaukee Avenue Retail Opportunity

      Prime retail, restaurant, or office space in Bucktown.
      1879 N Milwaukee Ave, Chicago, IL 60647
      View Details
    • $19 SF/Yr

      Logan Square Storefront Space Available

      Storefront space for lease in Logan Square neighborhood.
      3530 W Armitage Ave, Chicago, IL 60647
      View Details
    • $20 SF/Yr

      Bucktown Retail and Office Space

      Versatile retail, office, and commercial space in prime Bucktown location.
      2157 N Damen Ave, Chicago, IL 60647
      View Details
    • $18 SF/Yr

      Logan Square Retail/Restaurant/Office Space

      Prime location for retail, restaurant, spa, or office space.
      3656 W Belmont Ave, Chicago, IL 60647
      View Details
    • Contact for pricing

      Green Exchange Commercial Space

      Commercial space designed for green business advancement.
      2545 W Diversey Ave, Chicago, IL 60647
      View Details
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    3801 Fullerton Ave
    Chicago, IL 60647
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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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