New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Industrial properties
8442 183rd St Ste B, Tinley Park, IL 60487-9352
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-0103473
Property summary
AI-generated overview
This exceptional warehouse property, located at 8442 W 183rd St in Tinley Park, Illinois, offers 18,267 square feet of immediately available space within a larger 24,267 square foot building. The property is classified as industrial and features a single-tenant occupancy. The warehouse boasts a substantial ceiling height of 21.5 feet, providing ample vertical space for storage and operations. Convenient loading and unloading are facilitated by two loading docks and three drive-in doors, ensuring efficient material handling. The property is equipped with robust electrical service, providing 200 amps at 277/480 volts. Situated in Cook County, Illinois, with a zip code of 60487, this warehouse offers a strategic location for businesses seeking efficient and well-equipped space. The property's ample square footage, high ceilings, and multiple loading options make it ideal for a variety of industrial and warehousing needs. This is a single-tenant space, offering privacy and control. Contact us today to schedule a viewing and explore the possibilities this exceptional warehouse offers.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2003
Construction
STEEL FRAME
Total area
25,514 SF
Lot
1.82 ac (79,279 SF)
APN
19-09-02-108-001
UPID
US28-0103473
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.69M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.32M
Owner & transaction history
Vip Tinley Park LLC · 20 yrs held
Vip Tinley Park LLC
since 2005
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tinley Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tinley Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,830,000
6.5%
$1,690,000
7%
$1,570,000
Blend value · Realmo final
$1.32M
Range $1.19M – $1.45M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$52 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$35,402
Tax year 2023
Assessed value
$350,445
Assessed 2023
Previous assessed
$350,445
+0.0% YoY
Effective rate
10.10%
On assessed value
Assessed land
$113,324
Assessed improvement
$237,121
Land market value
$339,972
Improvement market value
$711,363
Total market value
$1,051,335
Applied tax rate
1,920.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
25,514 SF
Lot
1.82 ac (79,279 SF)
APN
19-09-02-108-001
UPID
US28-0103473
Jurisdiction
WILL
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2003
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.82 ac
Current owner
From public records · entity-resolved
Vip Tinley Park LLC
Entity
Mailing address
477 W WRIGHTWOOD AVE, ELMHURST, IL 60126-1011
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2018
—
Vip Romeoville LLC
—
Grant Deed
related
$16,400,000 · Miscellaneous Ins Co
May 2, 2006
—
Vip Tinley Park LLC
—
Deed Of Trust
related
$24,000,000 · Prudential Insurance Co
Jul 8, 2005
$1,700,000
Vip Tinley Park LLC
Tinley 11 LLC
Grant Deed
—
Nov 5, 2004
—
Tinley 11 LLC
—
Trustees Deed
related
$1,160,000 · George Washington Savings Bank
Feb 4, 2003
—
Tinley 11 LLC
Cole Taylor Bank Trustee
Grant Deed
$1,160,000 · George Washington Savings Bank
—
—
Vip Holdings I LLC
—
Deed Of Trust
related
$4,500,000 · Prudential Insurance Co
—
—
Vip Elgin Plaza LLC
—
Deed Of Trust
related
$26,000,000 · Private Bk
—
—
Vip Tinley Park LLC
—
Deed Of Trust
related
$1,275,000 · Midwest Bank & Trust Co
—
—
Tinley 11 LLC
—
Deed Of Trust
related
$34,624 · George Washington Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8442 183rd St Ste B?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
