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

    8825 95Th St Palos Hills, IL 60465

    • Commercial real estate
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-1411607
    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

    • Gary S Garofalo, DDS / Dentist
    • R Royce Hair Replacement Center / Hair Replacement Service

    Property Details for 8825 95Th St

    Lot size
    0.50 lot acres
    Property type
    Commercial real estate
    APN
    23102040020000

    Description

    This exceptional 0.5-acre commercial lot presents a remarkable investment opportunity in the thriving Palos Hills, Illinois market. Located at 8825 W 95th St, this fee-simple property boasts 100 feet of frontage on heavily trafficked 95th Street, offering unparalleled visibility and accessibility. The APN is 23102040020000 and the property is zoned for commercial use, allowing for a wide range of development possibilities. Previous development on the site included a mixed-use building, which has since been demolished, leaving the land ready for immediate construction. Envision a drive-through fast-food restaurant, a three-storefront shopping center, a single-family home, a mixed-use building, or multi-unit residential complex. The property's strategic location near major highways and its proximity to established businesses, such as a Dunkin' Donuts, further enhances its appeal. This vacant lot presents a blank canvas for your next project in a highly desirable area. The asking price is $289,900. The lot measures 100 feet by 222 feet. This is a truly exceptional opportunity to capitalize on the strong commercial potential of this prime location in Cook County, Illinois, zip code 60465.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Palos Hills
    County
    Cook
    State
    Illinois
    Longitude
    -87.839039
    Latitude
    41.7178462

    Comparable in this City

    • $599,500
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      Palos Hills Vacant Commercial Land

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      8048 W 111Th St, Palos Hills, IL 60465
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    • $900,000
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      Palos Hills Vacant Land Opportunity

      2.1 acres suitable for strip center or townhome development.
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    • $189,900
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      Land for Two Homes

      Land with utilities available for building two homes.
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    • $650,000
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      Palos Hills Vacant Commercial Land

      Shovel-ready land at Roberts Rd and 111th Street.
      11050 S Roberts Rd, Palos Hills, IL 60465
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    • $1,049,000
      0.50 Acres

      Palos Hills Mixed-Use Building

      Mixed-use building with banquet hall and residential apartments.
      10140 S Roberts Rd, Palos Hills, IL 60465
      View Details
    • $249,000
      1,480 SF

      Updated Condo with Patio

      Two-bedroom condo with modern kitchen, updated bathrooms, and patio.
      8234 Chestnut Dr, Palos Hills, IL 60465
      View Details

    Similar Nearby for Sale

    • $599,500
      0.73 Acres

      Palos Hills Vacant Commercial Land

      Vacant land at a busy intersection with utilities in place.
      8048 W 111Th St, Palos Hills, IL 60465
      View Details
    • $900,000
      2.10 Acres

      Palos Hills Vacant Land Opportunity

      2.1 acres suitable for strip center or townhome development.
      7801 W 111Th St, Palos Hills, IL 60465
      View Details
    • $189,900
      Pending

      Land for Two Homes

      Land with utilities available for building two homes.
      8300 W 107Th St, Palos Hills, IL 60465
      View Details
    • $650,000
      1.82 Acres

      Palos Hills Vacant Commercial Land

      Shovel-ready land at Roberts Rd and 111th Street.
      11050 S Roberts Rd, Palos Hills, IL 60465
      View Details
    • $1,049,000
      0.50 Acres

      Palos Hills Mixed-Use Building

      Mixed-use building with banquet hall and residential apartments.
      10140 S Roberts Rd, Palos Hills, IL 60465
      View Details
    • $249,000
      1,480 SF

      Updated Condo with Patio

      Two-bedroom condo with modern kitchen, updated bathrooms, and patio.
      8234 Chestnut Dr, Palos Hills, IL 60465
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      9,800 SF

      10101 Roberts Road Office Space

      Versatile Palos Hills Office Building
      10101 Roberts Rd, Palos Hills, IL 60465
      View Details
    • $1,750 /Mo

      Top-Floor Condo in Riviera Regal

      Bright, well-maintained 2-bedroom condo with modern amenities.
      11126 S 84Th Ave, Palos Hills, IL 60465
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    • $30 SF/Yr

      Retail Space Palos Hills

      Retail space available in high traffic area near courthouse.
      10296 S 78Th Ave, Palos Hills, IL 60465
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    • $25 SF/Yr

      Retail/Office Space For Rent

      Corner lot with high visibility, suitable for retail or office.
      10296 S 78Th Ave, Palos Hills, IL 60465
      View Details
    • $18 SF/Yr

      Move-in Ready Office Space

      Professional building office space for rent, utilities included.
      10125 S Roberts Rd, Palos Hills, IL 60465
      View Details
    • $18 SF/Yr

      Professional Office Space For Rent

      Private office space available in professional PNC Bank building.
      10135 S Roberts Rd, Palos Hills, IL 60465
      View Details
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    8825 95Th St
    Palos Hills, IL 60465
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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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