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    12137 Rhea Drive Plainfield, IL 60585

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    COMMERCIAL - Plainfield, IL

    Property size:
    4,400 SF
    Added:
    Apr 17, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 19 at 5:06 pm

    Property Features for 12137 Rhea Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    INDUS
    Standard status
    Active
    Size
    4,400 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1994
    Floors in Building
    1
    Number of units
    1
    Building materials
    Block

    We can help!

    Listing Contact
    Keith Warpinski

    Listing agent Keith Warpinski License #475096968

    Listing office Brummel Properties, Inc. 58 Chicago Road, Oswego, IL

    Listing date Apr 17, 2026

    MLS# 12621973

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Plainfield Industrial Space Available Soon

    This 4,400 square foot industrial space features 4 finished offices, a receptionist area, and 2 restrooms. It includes an oversized drive-in door, mezzanine finished storage areas, and a large heated shop/warehouse space with high ceilings. The unit also has a shared interior recessed truck dock. Gas heat and central air are provided. Water is included in the rent, while the tenant is responsible for all other utilities. Located in the south Naperville/north Plainfield corridor near Route 59 and 127th Street, the property is one block east of Route 59 in the Wolf Creek II industrial park, offering easy access to metro Chicago. It is suitable for various industrial, commercial, and business applications, including tradesmen, contractors, service techs, packaging, assemblage, and distribution. The property is available in June 2026. A 3 to 5 year lease is preferred, and a credit and background check are required. Two months' security deposit is required at lease signing. No outdoor parking or outdoor storage is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Modern View Closet Industrial Manufacturer Tim & Buehl Law ... Law Firm Lifesafer Ignition Interlock ... Factory MV Closet & Cabinetry Industrial Manufacturer Axiom Home Marketing & Advertising

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Sushi N Noodle by OISI — 12736 Illinois Rte 59 #110, Plainfield, IL 60585

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Will
    State
    Illinois
    Longitude
    -88.2020932
    Latitude
    41.6616162

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    FAQs

    What type of property is this?
    Flex space - 4,400 SF industrial space near Route 59. Available June 2026.
    Where is this flex space located?
    The property is located at 12137 Rhea Drive Plainfield, IL.
    What are key features of this property?
    This property features: 4,400 sq ft industrial space with **high ceilings and large heated shop/warehouse.**; Located in the sought‑after south Naperville/north Plainfield corridor near Rt. 59 and 127th Street, with easy access to metro Chicago.; Includes 4 finished offices, a receptionist area, 2 restrooms, and mezzanine finished storage areas.
    (630) 551-8005
    We can help!
    Listing Contact
    Keith Warpinski
    Real Estate License ID: 475096968
    Learn More
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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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