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

    377 E Butterfield Rd Lombard, IL 60148

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $28 SF/Yr ($6,415 /Mo)

    Move-in ready office space with high-end finishes and amenities.

    Property size:
    2,664 SF
    Lot size:
    7.57 Acres

    Property Features for 377 E Butterfield Rd

    General Information

    Size
    2,664 SF
    Lot size
    7.57 Acres

    We can help!

    Listing Contact
    David Andrews
    David Andrews
    Source: Moodyscre

    Listing Agent: David Andrews

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

    Learn more

    Property Insight Report

    Overview

    Furnished Office Space Available Now

    This 2,664 square feet office space is available for rent and move-in ready. The corner space features 16 state-of-the-art workstations and 4 glass-walled furnished offices. Tenants have access to a shared kitchen, tenant lounge, and 2 well-appointed conference rooms. The space includes high-end finishes throughout.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lombard
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0071664
    Latitude
    41.8356359

    Nearby Similar for Lease

    • Contact for pricing
      18,055 SF

      Retail Space in Lombard Center

      Retail space for lease in established Lombard shopping center.
      2770 South Highland Ave, Lombard, IL 60148
      View Details
    • $23 SF/Yr
      9,252 SF

      Established Retail Mall in Lombard

      9,252 SF neighborhood retail mall with high visibility.
      1210-1238 S Highland Ave, Lombard, IL 60148
      View Details
    • $23 SF/Yr
      9,280 SF

      Roosevelt Road Retail Space Available

      9,280 SF neighborhood center with excellent visibility on Roosevelt Road.
      621-649 E Roosevelt Rd, Lombard, IL 60148
      View Details
    • $13 SF/Yr
      5,229 SF

      Lombard Office Space for Rent

      Flexible office space with mature landscaping and convenient parking.
      821-829 Parkview Blvd, Lombard, IL 60148
      View Details
    • $25 SF/Yr
      18,055 SF

      Lombard Retail Space Available

      High-traffic Lombard retail space for lease
      2770 Highland Ave, Lombard, IL 60148
      View Details
    • Contact for pricing
      25,605 SF

      Prime Lombard Office Building

      25,605 SF Office - Sale/Lease
      455 Eisenhower Ln, Lombard, IL 60148
      View Details
    • $24 SF/Yr
      2,000 SF

      Lombard Office Space For Rent

      Office space with a mix of offices and open space.
      555 E Butterfield Rd, Lombard, IL 60148
      View Details
    • Contact for pricing
      16,090 SF

      Landings of Lombard Retail Space

      Lombard retail space, multiple units available.
      1000 Rohlwing Rd, Lombard, IL 60148
      View Details
    • Contact for pricing
      39,306 SF

      Eisenhower Lane Industrial Space

      Lombard Flex/Warehouse Space Available
      400-420 Eisenhower Ln, Lombard, IL 60148
      View Details
    • Contact for pricing
      2,996 SF

      Retail Space Near Major Corridor

      Retail space with high visibility and strong daytime population.
      413 E Roosevelt Rd, Lombard, IL 60148
      View Details
    • $19 SF/Yr
      5,182 SF

      Office Space with Upgraded Amenities

      Office space for rent with modern upgrades and ample parking.
      1910 S Highland Ave, Lombard, IL 60148
      View Details
    • $21 SF/Yr
      18,899 SF

      Office Building with Redundant Power

      Two-building office complex with redundant power and security features.
      360 E 22Nd St, Lombard, IL 60148
      View Details

    FAQs

    What type of property is this?
    Office space - Move-in ready office space with high-end finishes and amenities.
    Where is this office space located?
    The property is located at 377 E Butterfield Rd Lombard, IL.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: - Move-in ready, **furnished spec suite**; - Features **16 state-of-the-art workstations**; - Includes **4 glass-walled, furnished offices**
    (630) 963-0700
    Request Owner's contact information
    377 E Butterfield Rd Lombard, IL 60148
    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.
    377 E Butterfield Rd
    Lombard, IL 60148
    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
    377 E Butterfield Rd Lombard, IL 60148
    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
    David Andrews
    David Andrews
    (630) 963-0700
    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.