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

    7355 157th St Orland Park, IL 60462-5281

    • Residential income homes
    • 5,854 SF
    • 0.44 lot acres
    OFF-MARKET
    Last Sale
    Jan 04, 2022
    $625,000
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-0509942
    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

    • Residential income homes

    Property Details for 7355 157th St

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.44 lot acres
    Property size
    5,854 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    27-13-408-015
    APU
    2713408015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $720,000
      ML approach
      $700,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $726,000
      Market price range: $726k - $1.06M
      AI Estimate
      $553,000
      Market price range: $553k - $728k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $935,000
      Current use
      RETAIL STORES
      $875,000
      Change: -6% Conversion: Difficult
      OFFICE BUILDING
      $785,000
      Change: -16% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Orland Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.7995
    Latitude
    41.6054
    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
    $15,919
    $10,606
    $38,127
    $48,733
    -
    $106,060
    $381,270
    $487,330

    Comparable in this City

    • Value Estimation by Request
      3,300 SF

      15240 El Cameno Ter

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,300 SF
      15240 El Cameno Ter, Orland Park, IL 60462-3724
      View Details
    • Value Estimation
      $500,000
      3,300 SF

      15140 El Cameno Real Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,300 SF
      15140 El Cameno Real Dr, Orland Park, IL 60462-3648
      View Details
    • Value Estimation
      $500,000
      3,380 SF

      14429 Jefferson Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,380 SF
      14429 Jefferson Ave, Orland Park, IL 60462-2531
      View Details
    • Value Estimation by Request
      3,300 SF

      15120 El Cameno Real Dr, Unit D

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,300 SF
      15120 El Cameno Real Dr, Orland Park, IL 60462-3650
      View Details
    • Value Estimation
      $510,000
      3,735 SF

      9715 Ravinia Ct

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,735 SF
      9715 Ravinia Ct, Orland Park, IL 60462-2462
      View Details
    • Value Estimation by Request
      3,626 SF

      9701 Ravinia Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,626 SF
      9701 Ravinia Ln, Orland Park, IL 60462-2465
      View Details

    Similar Nearby for Sale

    • $339,000

      Penthouse Duplex with Heated Garage

      Spacious penthouse duplex with modern amenities and convenient location.
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      Updated Condo in Orland Park

      Move-in ready 2-bedroom, 2-bath condo with modern updates.
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      Net-Leased Investment Property For Sale

      Net-leased investment property featuring S2 Express Grill in Orland Park.
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      Spacious End-Unit Home with Updates

      Updated end-unit home with potential in Orland Park, IL.
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    • $1,800,000
      9,572 SF

      Orland Park Retail Center Investment

      Prime Orland Square Mall Outlot - $1.8M
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    • Contact for pricing
      9.60 Acres

      Orland Park Commercial Land - 9.6 Acres

      Prime Orland Park commercial land, near major retailers.
      9801 159Th St, Orland Park, IL 60462
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo

      Orland Park Third Floor Unit

      Two-bedroom, two-bath unit with garage near shopping and transportation.
      14531 Ravinia Ave, Orland Park, IL 60462
      View Details
    • $10 SF/Yr

      Retail Space on Signalized Corner

      Retail property with high visibility in a dense Chicago suburb.
      15605 S 94Th Ave, Orland Park, IL 60462
      View Details
    • $14 SF/Yr
      1,800 SF

      Orland Park Retail Space Available

      1,800 SF finished office space across from Orland Square Mall.
      9141-9189 151St St, Orland Park, IL 60462
      View Details
    • Contact for pricing

      Land Available For Lease

      Improved land suitable for various commercial uses, build to suit.
      14620 S La Grange Rd, Orland Park, IL 60462
      View Details
    • $15 SF/Yr
      28,575 SF

      Orland Park Retail/Office/Medical Spaces

      Retail, office, and medical spaces available in Orland Park.
      8100-8136 W 143Rd St, Orland Park, IL 60462
      View Details
    • $15 SF/Yr
      27,800 SF

      Orland Park Retail Space Available

      Retail property in Orland Park, IL, totaling 27,800 square feet.
      15551 S 94Th Ave, Orland Park, IL 60462
      View Details
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    7355 157th St
    Orland Park, IL 60462-5281
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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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