Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    4100 Washington Blvd Hillside, IL 60162

    • Retail space
    • 0.14 lot acres
    For Sale
    View listing
    $490,000
    Last Sale
    Apr 07, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2335024
    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

    • Auto Inside Upholstery Studio(Restoration interiors) / Tuning Automobile / Auto Restoration Service

    Property Details for 4100 Washington Blvd

    Year built
    1988
    Lot size
    0.14 lot acres
    Property type
    Retail space
    APN
    15-08-416-003
    APU
    1508416003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillside
    County
    Cook
    State
    Illinois
    Longitude
    -87.8859
    Latitude
    41.8817
    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
    $31,147
    $18,543
    $47,957
    $66,500
    -
    $74,172
    $191,828
    $266,000

    Comparable in this City

    • Value Estimation
      $355,000
      0.07 Acres

      4843 Butterfield Rd

      STORE, RETAIL OUTLET • 0.07 Acres
      4843 Butterfield Rd, Hillside, IL 60162-1439
      View Details
    • Value Estimation
      $295,000
      0.37 Acres

      4820 Butterfield Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.37 Acres
      4820 Butterfield Rd, Hillside, IL 60162-1412
      View Details
    • Value Estimation
      $275,000
      0.16 Acres

      41 Hillside Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.16 Acres
      41 Hillside Ave, Hillside, IL 60162-1586
      View Details
    • Value Estimation
      $295,000
      0.24 Acres

      637 Taft Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.24 Acres
      637 Taft Ave, Hillside, IL 60162-1002
      View Details
    • Value Estimation
      $255,000
      0.07 Acres

      501 Wolf Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      501 Wolf Rd, Hillside, IL 60162-1209
      View Details
    • Value Estimation
      $780,000
      0.06 Acres

      4219 Butterfield Rd

      STORE, RETAIL OUTLET • 0.06 Acres
      4219 Butterfield Rd, Hillside, IL 60162-1171
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      295,393 SF

      Hillside Logistics Center Distribution Facility

      295,393 SF distribution facility with unmatched accessibility.
      5999 Butterfield Rd, Hillside, IL 60162
      View Details
    • $490,000
      0.19 Acres

      Hillside Industrial Building For Sale

      5000 sqft industrial building with 16' ceilings in Hillside.
      4100 Washington Blvd, Hillside, IL 60162
      View Details
    • $839,000
      6,500 SF

      Hillside Office Building - Great Location!

      6,500 SF Office Building, Ideal for Business
      4418 Roosevelt Rd, Hillside, IL 60162
      View Details
    • $995,000

      Hillside Commercial Land - $995K

      Prime Hillside location, 16,696 sq ft commercial lot.
      323 Oak Ridge Ave, Hillside, IL 60162
      View Details
    • $99,900
      700 SF

      Top-Floor Condo Near Community Center

      Inviting 1 bed, 1 bath condo with community amenities.
      605 N Wolf Rd, Hillside, IL 60162
      View Details
    • $995,000

      Redevelopment Opportunity in Quiet Neighborhood

      1.43 acres zoned R-4, redevelopment opportunity near Roosevelt Rd.
      323 Oak Ridge Ave, Hillside, IL 60162
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,290 SF

      New Construction Medical/Office/Retail Space

      New construction space suitable for medical, office, or retail tenants.
      4152 Roosevelt Rd, Hillside, IL 60162
      View Details
    • $15 SF/Yr
      3,000 SF

      Hillside Plaza Retail Center

      Multi-tenant retail space, prime location.
      4731 Butterfield Rd, Hillside, IL 60162
      View Details
    • $18 SF/Yr
      9,315 SF

      Former Daycare Center For Lease

      Former daycare center with dedicated parking available for lease.
      4600 N Frontage Rd, Hillside, IL 60162
      View Details
    • Contact for pricing
      1,525 SF

      Retail Space with Highway Visibility

      Retail space with high traffic and excellent visibility.
      318 Center St, Hillside, IL 60162
      View Details
    • Contact for pricing
      350,000 SF

      Hillside Town Center Retail Space

      High-traffic retail space, multiple units available.
      30 Mannheim Rd, Hillside, IL 60162
      View Details
    • Contact for pricing
      25,496 SF

      Hillside Retail Plaza: Prime Location

      1-Story Strip Center, 10 Suites, High Visibility
      0 Wolf Rd, Hillside, IL 60162
      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.
    4100 Washington Blvd
    Hillside, IL 60162
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.