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    Property profile & analytics

    Gary Ave Bloomingdale, IL 60108

    • Auto shops
    • 10,306 SF
    • 1.82 lot acres
    OFF-MARKET
    Last Sale
    Jul 28, 2022
    $790,000
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-3360202
    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

    • Auto shops

    Property Details for Gary Ave

    Year built
    2023
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.82 lot acres
    Property size
    10,306 SF
    Zone code
    C
    Property type
    Auto shops
    APN
    02-17-101-054
    APU
    217101054

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $765,000
      ML approach
      $825,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $464,000
      Market price range: $299k - $1.21M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomingdale
    County
    Dupage
    State
    Illinois
    Longitude
    -88.1213
    Latitude
    41.9573
    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
    $32,251
    $212,580
    $153,640
    $366,220
    -
    $637,740
    $460,920
    $1,098,660

    Comparable in this City

    • Value Estimation
      $375,000
      7,600 SF

      86 Stratford Dr

      AUTO REPAIR, GARAGE • 7,600 SF
      86 Stratford Dr, Bloomingdale, IL 60108-2201
      View Details
    • Value Estimation
      $295,000
      15.03 Acres

      102 Glengarry Dr, Unit G18

      PARKING GARAGE, PARKING STRUCTURE • 15.03 Acres
      102 Glengarry Dr, Bloomingdale, IL 60108-2356
      View Details
    • Value Estimation
      $80,000
      15.03 Acres

      208 Glengarry Dr, Unit G9

      PARKING GARAGE, PARKING STRUCTURE • 15.03 Acres
      208 Glengarry Dr, Bloomingdale, IL 60108-2617
      View Details
    • Value Estimation
      $295,000
      15.03 Acres

      208 Glengarry Dr, Unit G1

      PARKING GARAGE, PARKING STRUCTURE • 15.03 Acres
      208 Glengarry Dr, Bloomingdale, IL 60108-2617
      View Details
    • Value Estimation
      $290,000
      15.03 Acres

      122 Glengarry Dr, Unit G15

      PARKING GARAGE, PARKING STRUCTURE • 15.03 Acres
      122 Glengarry Dr, Bloomingdale, IL 60108-2609
      View Details
    • Value Estimation
      $290,000
      15.03 Acres

      108 Glengarry Dr, Unit G25

      PARKING GARAGE, PARKING STRUCTURE • 15.03 Acres
      108 Glengarry Dr, Bloomingdale, IL 60108-2606
      View Details

    Similar Nearby for Sale

    • $39,000

      Parking Spaces in Private Garage

      Two parking spaces for sale in Bloomingdale, Illinois.
      122 Glengarry Dr, Bloomingdale, IL 60108
      View Details
    • $2,394,000
      3,047 SF

      Freestanding Popeyes Restaurant Investment Opportunity

      NNN leased Popeyes with drive-thru in Chicago MSA.
      405 W Army Trail Rd, Bloomingdale, IL 60108
      View Details
    • $349,000
      2.30 Acres

      Bloomingdale Land Near Stratford Square

      Prime land on Gary Avenue near Stratford Square Mall.
      000 Gary Ave, Bloomingdale, IL 60108
      View Details
    • $546,115

      High-Visibility Commercial Land Opportunity

      1.25-acre commercial site on heavily-trafficked Lake Street.
      119 W Lake St, Bloomingdale, IL 60108
      View Details
    • $1,700,000
      2.25 Acres

      Bloomingdale Commercial Land - 2.25 Acres

      Prime Commercial Land, High Traffic Area, Development Ready
      123 West Rd, Bloomingdale, IL 60108
      View Details
    • $2,500,000

      Bloomingdale Commercial Land for Sale

      Commercial land with access to major transportation routes and amenities.
      318 Edgewater Dr, Bloomingdale, IL 60108
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,773 SF

      Bloomingdale Auto

      Automotive properties • 20,773 SF
      250 Gary Ave, Bloomingdale, IL 60108
      View Details
    • Contact for pricing

      Auto Care Center Retail Space

      Multi-tenant auto care center near Stratford Regional Mall.
      250-349 Gary Ave, Bloomingdale, IL 60108
      View Details
    • Contact for pricing
      1,178 SF

      Retail Space on Lake Street

      Retail space available in Oakfield Center on Lake Street.
      125 E Lake St, Bartlett, IL 60108
      View Details
    • Contact for pricing
      15,098 SF

      Springbrook Center: Retail Spaces Available

      Bloomingdale Retail Center - Multiple Spaces
      134 Lake St, Bloomingdale, IL 60108
      View Details
    • $12 SF/Yr
      2,040 SF

      Bloomingdale Retail Space For Lease

      Retail spaces available in Town Square of Bloomingdale.
      152-166 S Bloomingdale Rd, Bloomingdale, IL 60108
      View Details
    • Contact for pricing
      18,499 SF

      Retail Space in Bloomingdale Center

      Retail opportunities available in a busy Bloomingdale shopping center.
      156 S Gary Ave, Bloomingdale, IL 60108
      View Details
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    Gary Ave
    Bloomingdale, IL 60108
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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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