Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    28W501 Batavia Rd Warrenville, IL 60555

    • Office Properties & Spaces
    • 1,422 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gulbransen Insurance Agency / Life Insurance Agency / Insurance Agency
    • Boyko Insurance Services / Insurance Agency

    Property Details for 28W501 Batavia Rd

    Year built
    1940
    Property size
    1,422 SF
    Property type
    Office Properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Warrenville
    County
    DuPage
    State
    Illinois
    Longitude
    -88.1786
    Latitude
    41.8233

    Comparable in this City

    • Value Estimation
      $975,000
      212,440 SF

      28100 Torch Pkwy

      OFFICE (GENERAL) • 212,440 SF
      28100 Torch Pkwy, Warrenville, IL 60555-4026
      View Details
    • Value Estimation
      $980,000
      155,141 SF

      4320 Winfield Rd

      OFFICE (GENERAL) • 155,141 SF
      4320 Winfield Rd, Warrenville, IL 60555-4018
      View Details
    • Value Estimation
      $90,000
      718 SF

      4200 Cantera Dr Ste, Unit 108

      CONDOMINIUM OFFICES • 718 SF
      4200 Cantera Dr Ste, Warrenville, IL 60555-3040
      View Details
    • Value Estimation
      $130,000
      1,344 SF

      4200 Cantera Dr Ste, Unit 204

      CONDOMINIUM OFFICES • 1,344 SF
      4200 Cantera Dr Ste, Warrenville, IL 60555-3040
      View Details
    • Value Estimation
      $1,765,000
      7,281 SF

      28373 Davis Pkwy Ste, Unit 500

      CONDOMINIUM OFFICES • 7,281 SF
      28373 Davis Pkwy Ste, Warrenville, IL 60555-1437
      View Details
    • Value Estimation
      $405,000
      1,836 SF

      28377 Davis Pkwy Ste, Unit 603

      CONDOMINIUM OFFICES • 1,836 SF
      28377 Davis Pkwy Ste, Warrenville, IL 60555-3031
      View Details

    Similar Nearby for Sale

    • $565,000
      3,225 SF

      Warrenville Office Space for Sale

      Modern Office, Prime Location, Ample Parking
      28377 Davis Pkwy, Warrenville, IL 60555
      View Details
    • $320,910
      1,689 SF

      Warrenville Office Condo - Class A

      1,689 SF Office Condo, Prime Location
      4200 Cantera Dr, Warrenville, IL 60555
      View Details
    • $520,000
      3,109 SF

      Well-Appointed Office with Patio

      Office space featuring custom furnishings, patio, and ample parking.
      28365 Davis Pkwy, Warrenville, IL 60555
      View Details
    • Contact for pricing
      23,278 SF

      Warrenville Office Center Suites

      Office suites with private entrances, restrooms, and independent utilities.
      3S721 West Ave, Warrenville, IL 60555
      View Details
    • Contact for pricing
      60,000 SF

      Cantera Pointe Office Space

      Office space for lease in Cantera Business Park.
      4355 Weaver Pkwy, Warrenville, IL 60555
      View Details
    • $250,000
      9.13 Acres

      Versatile Office Space in Warrenville

      Corner unit with private offices, meeting room, and storage.
      4200 Cantera Dr, Warrenville, IL 60555
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      44,296 SF

      Diehl Point Executive Office Space

      Warrenville, IL Office Suites Available
      27755 Diehl Rd, Warrenville, IL 60555
      View Details
    • $16 SF/Yr
      152,520 SF

      Cornerstone at Cantera Office Suites

      Class A Warrenville office space available.
      4320 Winfield Rd, Warrenville, IL 60555
      View Details
    • Contact for pricing
      3,072 SF

      Furnished Office Space Available

      Move-in ready, furnished office space for sublease in Warrenville, IL.
      28381 Davis Pkwy, Warrenville, IL 60555
      View Details
    • $14 SF/Yr
      60,000 SF

      Spacious Office and Storage Space

      60,000 sq ft office with storage near I-88.
      4520 Weaver Pkwy, Warrenville, IL 60555
      View Details
    • $57 SF/Yr
      20,221 SF

      AmeriCenter Naperville/Warrenville Office Space

      Single-story office suites, flexible terms.
      27475 Ferry Rd, Warrenville, IL 60555
      View Details
    • Contact for pricing
      4,567 SF

      Warrenville Office Center Space Available

      Office space in a quiet campus setting, close to amenities.
      West Ave, Warrenville, IL 60555
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    28W501 Batavia Rd
    Warrenville, IL 60555
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.