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    Modern Office Suites in Oak Brook Title is generated by Realmo AI

    1100 Jorie Blvd, Oak Brook, IL 60523

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    Renovated office building with suites ranging from 556-5,389 square feet.

    Type:Office
    Property size:
    79,586 SF
    Added:
    Oct 18, 2024
    Days on Market:
    597
    Last Refresh:
    May 12 at 9:28 pm

    Property Features for 1100 Jorie Blvd

    General Information

    Standard status
    Active
    Size
    79,586 SF
    Property subtype
    Office

    Spaces For Lease

    at 1100 Jorie Blvd Contact us

    Suite 128 $18/Mo

    Size
    941 SF
    Type
    Office
    Break room with sink.
    Contact us

    Suite 110 $18/Mo

    Size
    1,992 SF
    Type
    Office
    Contact us

    Suite 238/240 $18/Mo

    Size
    3,257 SF
    Type
    Office
    Can be demised into 1,144 square feet and 2,113 square feet. Break room with sink.
    Contact us

    We can help!

    Listing Contact
    Anthony Skinner

    Listing agent Anthony Skinner License #IL

    Listing office Stellco Properties, LLC

    Listing date Oct 18, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Stellco Properties, LLC

    HighLights

    • Prime Oak Brook location with direct access to I‑88 and proximity to I‑294, offering convenient commuting and access to downtown Chicago.
    • Fully renovated, modern office suites ranging from 556 to 5,389 square feet, move‑in ready with contemporary finishes and 10’ ceilings.
    • Located minutes from Oakbrook Center, providing unmatched shopping and dining options.
    • Upgraded environment with new flooring, LED lighting, updated common areas, and redesigned suite entrances.
    • Ample parking with 150 surface and 100 covered spaces.
    • Refreshed landscaping and monument signage enhancing professional curb appeal.

    Overview

    Located at 1100 Jorie Boulevard in Oak Brook, this fully renovated, professional office building offers modern office suites suitable for businesses seeking a move-in ready workspace. The three-story property encompasses 79,586 square feet, with office suites ranging from 556 to 5,389 square feet. The upgraded environment features contemporary finishes, new flooring, LED lighting, updated common areas, redesigned suite entrances, 10’ ceilings, and a sleek electronic directory. Refreshed landscaping and monument signage enhance the building’s professional curb appeal. Commuting is facilitated by 150 surface and 100 covered parking spaces, with direct access to I-88 and a seven-minute drive to the I-88/I-294 interchange, placing downtown Chicago less than 45 minutes away. The location provides access to shopping and dining options, including Oakbrook Center with retailers like Neiman Marcus, Louis Vuitton, and Crate & Barrel, as well as Costco, Nike Factory Store, Nordstrom Rack, and DSW. Dining options include Gibson’s Bar and Steakhouse, First Watch, and RH Rooftop Restaurant. This property delivers a mix of space, location, and modern amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Westbrook Electrical Contractors Electrical Service Global Point IT ... Tech Support Center Landmark Capital Inc Financial Advisor Albertino Financial Financial Advisor Relief Mental Health Crisis Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Brook
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9461189
    Latitude
    41.8441044

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    FAQs

    What type of property is this?
    Office building - Renovated office building with suites ranging from 556-5,389 square feet.
    Where is this office building located?
    The property is located at 1100 Jorie Blvd Oak Brook, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Prime Oak Brook location with direct access to I‑88 and proximity to I‑294, offering convenient commuting and access to downtown Chicago.; Fully renovated, modern office suites ranging from 556 to 5,389 square feet, **move‑in ready with contemporary finishes and 10’ ceilings.**; Located minutes from Oakbrook Center, providing unmatched shopping and dining options.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Anthony Skinner
    Real Estate License ID: IL
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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.

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