Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7855 Gross Pt Rd Skokie, IL 60077-2642
    Back to Search
    Property profile & analytics

    7855 Gross Pt Rd, Skokie, IL 60077-2642

    View on Map
    • Industrial properties
    • 0.32 lot acres
    Off-Market
    Property ID
    US28-1171520
    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

    • Boutique Linens / (Bike/Boat/Book/etc) Store / Home Decor Store
    • Raybec Management / Real Estate Agency
    • Dan Nitoi Endoscope Repair / Medical Clinic
    • Safe Alarm Industries, LLC / Security Service
    • Gillman Builders Inc / Construction Company / General Contractor

    Property Details for 7855 Gross Pt Rd

    Year built
    1975
    Lot size
    0.32 lot acres
    Property type
    Industrial properties
    APN
    10-29-208-016
    APU
    1029208016

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 4, 2019 — 7855 Property Owner LLC — Loan Modification · related $3M · First Equity Bk
    Apr 16, 2019 — 7855 Property Owner LLC — Loan Modification · related $2.9M · First Equity Bk
    Apr 13, 2018 — 7855 Property Owner LLC — Deed Of Trust · related $5.3M · First Equity Bk
    Jan 3, 2018 $3,780,000 7855 Property Owner LLC Trust 01-4411 Grant Deed —
    Aug 30, 2011 — Trust 01-4411 — Deed Of Trust · related $1.2M · Mb Financial Bank NA
    Jun 15, 2011 — Trust 01-4411 — Deed Of Trust · related $3.2M · Mb Financial Bank NA
    Jun 24, 2010 — Trust 01-4411 — Grant Deed · related $1.2M · Mb Financial Bank NA
    Sep 27, 2000 — Lasalle Bank NA Trustee — Deed Of Trust · related $1.6M · Oak Brook Bank
    — — Trust 4411 — Deed Of Trust · related $3.1M · First Equity Bk
    — — 7855 Property Owner LLC — Loan Modification · related —
    — — Trust 4411 — Deed Of Trust · related $3.1M · First Equity Bk
    — — 7855 Property Owner LLC — Loan Modification · related $3.5M · First Equity Bk
    — — 7855 Property Owner LLC — Loan Modification · related $3.2M · First Equity Bk
    — — 7855 Property Owner LLC — Loan Modification · related $3.2M · First Equity Bk
    — — 7855 Property Owner LLC — Loan Modification · related $3.5M · First Equity Bk
    — — Trust 01-4411 — Deed Of Trust · related $1M · Mb Financial Bank NA

    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
    Skokie
    County
    Cook
    State
    Illinois
    Longitude
    -87.7691
    Latitude
    42.0227
    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
    $9,352
    $29,526
    $475
    $30,001
    -
    $118,104
    $1,900
    $120,004

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      4859 Lee St

      INDUSTRIAL (GENERAL)
      4859 Lee St, Skokie, IL 60077
      View Details
    • Value Estimation by Request
      6.11 Acres

      6101 Oakton St

      INDUSTRIAL (GENERAL)
      6101 Oakton St, Skokie, IL 60077-2648
      View Details
    • Value Estimation by Request
      0.32 Acres

      9101 Terminal Ave

      INDUSTRIAL (GENERAL)
      9101 Terminal Ave, Skokie, IL 60077-1570
      View Details
    • Value Estimation by Request
      0.28 Acres

      5418 Touhy Ave

      INDUSTRIAL (GENERAL)
      5418 Touhy Ave, Skokie, IL 60077-3232
      View Details
    • Value Estimation by Request
      0.22 Acres

      6020 Dahlin Dr

      INDUSTRIAL (GENERAL)
      6020 Dahlin Dr, Skokie, IL 60077
      View Details
    • Value Estimation by Request

      7410 Niles Ctr Rd

      INDUSTRIAL (GENERAL)
      7410 Niles Ctr Rd, Skokie, IL 60077-3230
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,250 SF

      Skokie Flex Space For Sale

      Open floor plan suitable for warehouse or office setup.
      9144 Terminal Ave, Skokie, IL 60077
      View Details
    • Contact for pricing

      Outdoor Parking Space For Sale

      Outdoor parking space available at Metropolitan of Skokie Condominium.
      4953 Oakton St, Skokie, IL 60077
      View Details
    • Contact for pricing

      North Shore Office Portfolio Opportunity

      140,000+ SF office space in Chicago's desirable North Shore.
      5225 Old Orchard Rd, Skokie, IL 60077
      View Details
    • $1,000,000
      6,326 SF

      Skokie Retail Building: Prime Investment

      Four-unit retail building, fully leased, high returns.
      8046 Lincoln Ave, Skokie, IL 60077
      View Details
    • Contact for pricing

      Skokie Redevelopment Site For Sale

      1.1 acre redevelopment site near Skokie's renovated downtown district.
      4809 Oakton St, Skokie, IL 60077
      View Details
    • Contact for pricing

      Skokie Land For Sale

      Land available in Skokie's Office Research district.
      10070 Lockwood Ave, Skokie, IL 60077
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      83,672 SF

      Skokie Warehouse with Renovated Office

      83,672 SF warehouse space with renovated office available for lease.
      7300 Linder Ave, Skokie, IL 60077
      View Details
    • $30 SF/Yr

      Skokie Flex Space For Rent

      Open floor plan suitable for warehouse or office use.
      9144 Terminal Ave, Skokie, IL 60077
      View Details
    • Sponsored
      Contact for pricing

      Old Orchard

      Discover many ways to work your way in Old Orchard
      5250 Old Orchard Rd, Skokie, IL 60077
      View Details
    • $23 SF/Yr

      Skokie Office Building for Lease

      Multi-tenant office building with move-in ready suites available for lease.
      5301 Dempster St, Skokie, IL 60077
      View Details
    • Contact for pricing

      Modern High-Rise Office Space

      High-rise office building with enclosed parking and communal kitchen.
      5250 Old Orchard Rd, Skokie, IL 60077
      View Details
    • Contact for pricing
      6,251 SF

      Mixed-Use Building in Skokie

      Mixed-use building near Skokie's downtown entertainment corridor.
      7880 Lincoln Ave, Skokie, IL 60077
      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.
    7855 Gross Pt Rd
    Skokie, IL 60077-2642
    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

    Thank You for Inquiry
    7855 Gross Pt Rd, Skokie, IL, 60077
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!