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

    7724 Grant St, Unit 7718 Willowbrook, IL 60527

    • Commercial real estate
    • 2,010 SF
    • 2.49 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-1116960
    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

    • Commercial real estate

    Property Details for 7724 Grant St

    Year built
    2004
    Lot size
    2.49 lot acres
    Property size
    2,010 SF
    Property type
    Commercial real estate
    APN
    09-25-304-007
    APU
    925304007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $207,000
      Market price range: $71.5k - $318k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $480,000
      Current use
      MEDICAL BUILDING
      $455,000
      Change: -6% Conversion: Easy
      RETAIL STORES
      $435,000
      Change: -10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Willowbrook
    County
    Dupage
    State
    Illinois
    Longitude
    -87.9286
    Latitude
    41.7481
    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
    2023
    $5,593
    $20,540
    $84,800
    $105,340
    -
    $61,620
    $254,400
    $316,020

    Comparable in this City

    • Value Estimation
      $160,000
      2,318 SF

      50 75th St, Unit 1

      COMMERCIAL CONDOMINUIM • 2,318 SF
      50 75th St, Willowbrook, IL 60527-2393
      View Details
    • Value Estimation
      $235,000
      800 SF

      50 75th St Ste, Unit 105

      COMMERCIAL CONDOMINUIM • 800 SF
      50 75th St Ste, Willowbrook, IL 60527-2383
      View Details
    • Value Estimation
      $280,000
      2,788 SF

      7738 Grant St

      COMMERCIAL CONDOMINUIM • 2,788 SF
      7738 Grant St, Burr Ridge, IL 60527-5945
      View Details
    • Value Estimation
      $335,000
      1,932 SF

      7320 Madison St Ste, Unit 100

      COMMERCIAL CONDOMINUIM • 1,932 SF
      7320 Madison St Ste, Willowbrook, IL 60527-3600
      View Details
    • Value Estimation
      $335,000
      1,932 SF

      7320 Madison St Ste, Unit 1200

      COMMERCIAL CONDOMINUIM • 1,932 SF
      7320 Madison St Ste, Willowbrook, IL 60527-3611
      View Details
    • Value Estimation
      $330,000
      1,870 SF

      7320 Madison St Ste, Unit 800

      COMMERCIAL CONDOMINUIM • 1,870 SF
      7320 Madison St Ste, Willowbrook, IL 60527-3607
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1 SF

      Land For Sale

      Land available for sale in Burr Ridge, Illinois.
      Heathrow Ct, Willowbrook, IL 60527
      View Details
    • $1,099,000
      2.00 Acres

      Prime Land in Burr Ridge

      Two-acre land parcel in Forest Edge PUD, subdividable by right.
      9140 Frst Edge Ln, Burr Ridge, IL 60527
      View Details
    • $1,200,000
      1.00 Acre

      Willowbrook Commercial Building on Kingery Highway

      Two-story commercial building in Willowbrook with high visibility.
      10S660 Kingery Hwy, Willowbrook, IL 60527
      View Details
    • $369,999
      0.36 Acres

      Land in Burr Ridge

      Prime lot for custom home in Burr Ridge cul-de-sac.
      7213 Giddings Ave, Willowbrook, IL 60527
      View Details
    • $525,000
      1.05 Acres

      Burr Ridge Land Opportunity

      Large lot in Burr Ridge, ideal for custom home.
      10s641 S Garfield Ave, Willowbrook, IL 60527
      View Details
    • $325,000
      0.35 Acres

      Residential Land in Burr Ridge

      Residential land in a prime Burr Ridge location.
      7240 Giddings Ave, Willowbrook, IL 60527
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      28,572 SF

      Somerset Plaza: Willowbrook Flex Space

      Willowbrook flex space; ideal for diverse businesses.
      10S620 Kingery Hwy, Burr Ridge, IL 60527
      View Details
    • $18 SF/Yr
      640 SF

      Renovated Office Space in Willowbrook

      Recently renovated office space with flexible layouts and tenant-controlled HVAC.
      600-650 Executive Dr, Willowbrook, IL 60527
      View Details
    • $19 SF/Yr
      6,640 SF

      Willowbrook Medical Office Space For Lease

      Prime Medical Office Suites in Burr Ridge
      0 6833‐6835 Kingery Hwy, Burr Ridge, IL 60527
      View Details
    • Contact for pricing
      185,170 SF

      6300 Robert Kingery Hwy

      Neighborhood centers • 185,170 SF
      6300 Robert Kingery Hwy, Willowbrook, IL 60527
      View Details
    • Contact for pricing
      4,996 SF

      Executive Suites, Willowbrook, IL

      Premium Office Space, I-55/Route 83 Area
      7000 Adams St, Willowbrook, IL 60527
      View Details
    • $12 SF/Yr
      1,713 SF

      Willowbrook Office Space Available

      Office space for lease in Willowbrook, Illinois.
      241 S Frontage Rd, Willowbrook, IL 60527
      View Details
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    7724 Grant St, Unit 7718
    Willowbrook, IL 60527
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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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