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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6800 Sheridan Rd, Unit 16 Chicago, IL 60626-3812

    • Retail residential properties
    • 5,900 SF
    • 0.54 lot acres
    OFF-MARKET
    Value Estimations
    $890,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-5873653
    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

    • Taichi Bubble Tea, Ramen and Poke Bowl - Rogers Park / Bubble Tea Store
    • Philly's Best / American Restaurant
    • The Bach and Beethoven Ensemble / Live Music Venue / Musician

    Property Details for 6800 Sheridan Rd

    Year built
    1918
    Lot size
    0.54 lot acres
    Property size
    5,900 SF
    Property type
    Retail residential properties
    APN
    11-32-124-021
    APU
    1132124021

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $696,000
      Market price range: $151k - $697k

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6615
    Latitude
    42.0059
    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
    $134,153
    $39,613
    $570,313
    $609,926
    -
    $396,130
    $5,703,130
    $6,099,260

    Comparable in this City

    • Value Estimation
      $925,000
      4,600 SF

      6514 Clark St

      STORES & APARTMENTS • 4,600 SF
      6514 Clark St, Chicago, IL 60626
      View Details
    • Value Estimation
      $1,375,000
      10,106 SF

      7365 Clark St

      STORES & APARTMENTS • 10,106 SF
      7365 Clark St, Chicago, IL 60626-1603
      View Details
    • Value Estimation
      $1,835,000
      14,090 SF

      7710 Eastlake Ter, Unit 14

      STORES & APARTMENTS • 14,090 SF
      7710 Eastlake Ter, Chicago, IL 60626-1371
      View Details
    • Value Estimation
      $3,195,000
      10,800 SF

      1632 Howard St

      STORES & APARTMENTS • 10,800 SF
      1632 Howard St, Chicago, IL 60626-1656
      View Details
    • Value Estimation
      $4,165,000
      2,300 SF

      1655 Jonquil Ter

      STORES & APARTMENTS • 2,300 SF
      1655 Jonquil Ter, Chicago, IL 60626-1117
      View Details
    • Value Estimation by Request
      1,500 SF

      6760 Sheridan Rd

      STORES & APARTMENTS • 1,500 SF
      6760 Sheridan Rd, Chicago, IL 60626-4472
      View Details

    Similar Nearby for Sale

    • $2,295,000
      15,450 SF

      6600 Clark St

      Individual retail properties • 15,450 SF
      6600 Clark St, Chicago, IL 60626
      View Details
    • $429,000
      0.10 Acres

      Mixed-Use Building in Rogers Park

      Two-story mixed-use building in a high-traffic location.
      6952 N Clark St, Chicago, IL 60626
      View Details
    • $2,498,999
      25,300 SF

      Redevelopment Opportunity Near Jarvis Station

      Redevelopment opportunity near Jarvis CTA Station with dedicated parking.
      1520 W Jarvis Ave, Chicago, IL 60626
      View Details
    • $10,250,000
      44,220 SF

      Rogers Park Self Storage Facility

      Self-storage building in Rogers Park neighborhood of Chicago.
      6542 N Clark St, Chicago, IL 60626
      View Details
    • $329,900
      0.13 Acres

      Chicago Commercial Property For Sale

      Commercial property in Garfield Park, close to transportation and highway.
      4105-07 W Lake St, Chicago, IL 60626
      View Details
    • $1,499,000
      15,000 SF

      Chicago Car Wash Business for Sale

      Established Car Wash, Huge Potential
      7525-7527 Wolcott Ave, Chicago, IL 60626
      View Details

    Similar Nearby for Lease

    • $1,900 /Mo
      834 SF

      Eastlake Terrace Condo with Lake Access

      Spacious 2-bedroom condo with private beach and lake access.
      7639 N Eastlake Ter, Chicago, IL 60626
      View Details
    • $20 SF/Yr

      Rogers Park Flex/Office/Creative Suite

      Flex/office/creative suite for lease in Rogers Park, Chicago.
      6415 N Ravenswood Ave, Chicago, IL 60626
      View Details
    • $2,500 /Mo
      1,850 SF

      Spacious Apartment Near Loyola Park

      1850 sq ft, 3-bedroom apartment near Lake Michigan.
      1527 W Pratt Blvd, Chicago, IL 60626
      View Details
    • $17 SF/Yr

      East Rogers Park Office Space

      Premier office building near transportation and shopping.
      1607 W Howard St, Chicago, IL 60626
      View Details
    • $18 SF/Yr
      28,000 SF

      Rogers Park Office Space for Lease

      Prime Rogers Park location, multiple suites available.
      7000 Clark St, Chicago, IL 60626
      View Details
    • $20 SF/Yr

      Rogers Park Flex/Office/Creative Suite

      1,200 SF flex/office/creative suite for lease in Rogers Park.
      6415 N Ravenswood Ave, Chicago, IL 60626
      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.
    6800 Sheridan Rd, Unit 16
    Chicago, IL 60626-3812
    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.