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

    8550 Bryn Mawr Ave Chicago, IL 60631-3222

    • Office buildings
    • 5.08 lot acres
    OFF-MARKET
    Last Sale
    Sep 15, 2023
    $29,000,000
    Value Estimations
    $29,640,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-0781528
    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

    • American Brain Tumor Association / Non-Profit Organization / Association / Organization
    • Chicago Effective Heating and Cooling / Furnace Repair Service
    • Advocate Medical Group / Corporate Office
    • ATM / Atm
    • Carbonview Research, a division of EnsembleIQ / Market Researcher

    Property Details for 8550 Bryn Mawr Ave

    Year built
    1967
    Lot size
    5.08 lot acres
    Property type
    Office buildings
    APN
    12-02-304-009
    APU
    1202304009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $30,920,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.8406
    Latitude
    41.9818
    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
    $1,748,300
    $1,216,627
    $7,283,373
    $8,500,000
    -
    $4,866,508
    $29,133,492
    $34,000,000

    Comparable in this City

    • Value Estimation
      $5,540,000
      443,300 SF

      8755 Higgins Rd Ste, Unit 100

      OFFICE BUILDING (MULTI-STORY) • 443,300 SF
      8755 Higgins Rd Ste, Chicago, IL 60631-4008
      View Details
    • Value Estimation by Request
      403,200 SF

      8700 Bryn Mawr Ave

      OFFICE BUILDING (MULTI-STORY) • 403,200 SF
      8700 Bryn Mawr Ave, Chicago, IL 60631-3512
      View Details
    • Value Estimation
      $12,190,000
      1,052,700 SF

      8240 Bryn Mawr Ave

      OFFICE BUILDING (MULTI-STORY) • 1,052,700 SF
      8240 Bryn Mawr Ave, Chicago, IL 60631
      View Details
    • Value Estimation
      $13,865,000
      616,000 SF

      8750 Bryn Mawr Ave, Unit 70

      OFFICE BUILDING (MULTI-STORY) • 616,000 SF
      8750 Bryn Mawr Ave, Chicago, IL 60631-3655
      View Details
    • Value Estimation by Request

      Chicago, IL 60631

      OFFICE BUILDING (MULTI-STORY)
      Chicago, IL 60631
      View Details
    • Value Estimation
      $22,865,000
      161,300 SF

      8501 Higgins Rd Ste, Unit 260

      OFFICE BUILDING (MULTI-STORY) • 161,300 SF
      8501 Higgins Rd Ste, Chicago, IL 60631-2825
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      O'Hare Premier Business Address

      Two-tower office development with convenient access to transportation and retail.
      8750-8770 W Bryn Mawr Ave, Chicago, IL 60631
      View Details
    • Contact for pricing
      13,704 SF

      Amenity-Rich Chicago Office Space

      Modern office campus with convenient access to transportation and amenities.
      8623 W Bryn Mawr Ave, Chicago, IL 60631
      View Details
    • New
      $500,000
      2,800 SF

      Norwood Park Commercial Building For Sale

      Well-maintained commercial building in Norwood Park, Chicago, suitable for various uses.
      6067 N Northwest Hwy, Chicago, IL 60631
      View Details
    • $750,000
      5,100 SF

      Edison Park Retail Investment

      Highly visible 5,100 SF retail/office building
      7250-7258 Harlem Ave, Chicago, IL 60631
      View Details
    • Contact for pricing

      Mixed-Use Investment in Edison Park

      Mixed-use property with BrightPath school and apartment units.
      6701 N Northwest Hwy, Chicago, IL 60631
      View Details
    • $4,000,000
      22,474 SF

      Edison Park Mixed-Use Asset

      Newer construction with commercial and residential components in Edison Park.
      7240 W Devon Ave, Chicago, IL 60631
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      1,620 SF

      Premier O'Hare Business Address

      Two-tower development with convenient access to transportation and retail.
      8750 W Bryn Mawr Ave, Chicago, IL 60631
      View Details
    • $21 SF/Yr
      19,948 SF

      Office Space with Amenities

      Office space featuring conference rooms, food service, and courtyard.
      8420 W Bryn Mawr Ave, Chicago, IL 60631
      View Details
    • Contact for pricing

      High-Traffic Commercial Space in Chicago

      Prime commercial space for lease in a sought-after Chicago location.
      6301 N Northwest Hwy, Chicago, IL 60631
      View Details
    • Contact for pricing

      O'Hare Sublease Opportunity

      Sublease opportunity near O'Hare with furniture included.
      8700 West Bryn Mawr Ave -, Chicago, IL 60631
      View Details
    • $17 SF/Yr
      884 SF

      Office Space for Rent

      Office space available with on-site amenities and CTA access.
      8501 W Higgins Rd, Chicago, IL 60631
      View Details
    • Contact for pricing

      Remodeled Office/Retail Space in Chicago

      Remodeled 800 SF ground floor unit in Edison Park.
      6650 N Northwest Hwy, Chicago, IL 60631
      View Details
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    8550 Bryn Mawr Ave
    Chicago, IL 60631-3222
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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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