Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Fairview Dr & Sullivan Rd North Aurora, IL 60542

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A industrial spaces with immediate I-88 access.

    Property size:
    429,610 SF
    Lot size:
    429,610 SF

    Property Features for Fairview Dr & Sullivan Rd

    General Information

    Size
    429,610 SF

    We can help!

    Listing Contact
    John Whitehead
    Source: Naiglobal

    Listing Agent: John Whitehead

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

    Learn more

    Overview

    North Aurora Industrial Campus

    This property features Class A industrial spaces with immediate I-88 Expressway access via Rt. 31 with a 4-way interchange. It is located 35 minutes from O’Hare International Airport. Heavy car and trailer parking is available. The property offers the ability to occupy the entire campus and secure truck courts, and it is within walking distance of numerous retail amenities. Building A offers 263,682 square feet of divisible space with a 36-foot clear height, 27 exterior docks that are expandable, and 2 drive-in doors. It includes 173 car parking spaces that are expandable, and 47 trailer parking spaces. Building B provides 165,928 square feet of divisible space with a 32-foot clear height, 17 exterior docks that are expandable, and 2 drive-in doors. It features 130 car parking spaces that are expandable, and 47 trailer parking spaces. The property is located at Fairview Drive & Sullivan Road, North Aurora, IL 60542.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    Storage Rentals of America, Zippy Shell Fox Valley

    Map

    City
    North Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.3366
    Latitude
    41.8068

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in North Aurora

      End cap retail space available at Randall Rd and Oak.
      1175 Oak St, North Aurora, IL 60542
      View Details
    • Contact for pricing

      Retail Space on Randall Road

      Retail space available in busy North Aurora corridor.
      479 S Randall Rd, North Aurora, IL 60542
      View Details
    • $20 SF/Yr
      10,200 SF

      Prime Medical Office Space in North Aurora

      1,888 SF Available - Excellent Location
      82 Miller Dr, North Aurora, IL 60542
      View Details
    • Contact for pricing
      46,124 SF

      Industrial Space Sublease Opportunity

      Sublease opportunity with office space and multiple docks.
      313-325 Airport Rd, North Aurora, IL 60542
      View Details
    • Contact for pricing
      4,297 SF

      North Aurora Retail/Medical Space

      4,297 SF retail or medical space near I-88.
      140 Hansen Blvd, North Aurora, IL 60542
      View Details
    • $20 SF/Yr
      7,018 SF

      North Aurora Retail Center

      Prime Retail Space, High Visibility
      201 Genesis Way, North Aurora, IL 60542
      View Details
    • Contact for pricing
      439,380 SF

      North Aurora Build-to-Suit Warehouse

      439,380 SF build-to-suit warehouse with immediate I-88 access.
      302 Mitchell Rd, North Aurora, IL 60542
      View Details
    • $16 SF/Yr
      5,780 SF

      North Aurora Office Space for Lease

      5,780 sq ft, fully equipped office
      355 Smoke Tree Plaza Dr, North Aurora, IL 60542
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space Near Interstate 88

      Retail space with high traffic and long-term tenants.
      1600-1800 Orchard Gateway Blvd, North Aurora, IL 60542
      View Details
    • Contact for pricing
      18,500 SF

      Industrial Campus with Storage

      Multi-building campus with truck/trailer parking and I-88 access.
      472-500 Clearwater Dr, North Aurora, IL 60542
      View Details
    • Contact for pricing
      3,120 SF

      Retail Space Near Woodman's Market

      Retail space available on Orchard Rd near I-88.
      106-114 Hansen Blvd, North Aurora, IL 60542
      View Details
    • $15 SF/Yr
      902 SF

      Retail Space in North Aurora

      902 SF retail space available for lease.
      111 Oak St, North Aurora, IL 60542
      View Details

    FAQs

    What type of property is this?
    Warehouse - Class A industrial spaces with immediate I-88 access.
    Where is this warehouse located?
    The property is located at Fairview Dr & Sullivan Rd North Aurora, IL.
    What are key features of this property?
    This property features: - Immediate I-88 Expressway access via Rt. 31 (4-way interchange); - Class A Industrial spaces; - Heavy car and trailer parking available
    (773) 810-9446
    Request Owner's contact information
    Fairview Dr & Sullivan Rd North Aurora, IL 60542
    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.
    Fairview Dr & Sullivan Rd
    North Aurora, IL 60542
    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
    Fairview Dr & Sullivan Rd North Aurora, IL 60542
    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

    We can help!
    Listing Contact
    John Whitehead
    (773) 810-9446
    Learn more
    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.