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

    1520 Kensington Rd Oak Brook, IL 60523

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

    Office space for rent in Oak Brook, Illinois.

    Property size:
    9,317 SF
    Lot size:
    16.69 Acres

    Property Features for 1520 Kensington Rd

    General Information

    Size
    9,317 SF
    Lot size
    16.69 Acres

    We can help!

    Listing Contact
    Daniel Svachula
    Daniel Svachula
    Source: Moodyscre

    Listing Agent: Daniel Svachula

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

    Learn more

    Property Insight Report

    Overview

    Oak Brook Office Space Available

    This office space, located in Oak Brook, Illinois, offers 9,317 square feet of space. The property includes walking paths, a full-service deli, a conference center, and a fitness center. Daycare services are also available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Richard Rogers Physician Nick Lambrakis | Fairway ... Loan Service Fairway Independent Mortgage ... Loan Service Bright Horizons at Oak ... Daycare Center Molina Healthcare of Illinois Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Big Box & Wholesale Store Dental Office 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
    -87.9557681
    Latitude
    41.8426396

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      Regency Towers

      Discover many ways to work your way in Regency Towers
      1415 22 St Tower Fl Oak Brk, Oak Brook, IL 60523
      View Details
    • Contact for pricing

      Countryside Office Suites For Rent

      Office suites available for rent with included amenities.
      6502 Joliet Rd, Countryside, IL 60525
      View Details
    • Contact for pricing
      24,384 SF

      Class A Office Campus

      Premier office space in Oak Brook, near Oakbrook Center mall.
      2001 Spring Rd, Oak Brook, IL 60523
      View Details
    • Contact for pricing
      8,997 SF

      Class A Office Campus

      Premier office space near Oakbrook Center mall with modern amenities.
      2021 Spring Rd, Oak Brook, IL 60523
      View Details
    • Contact for pricing
      6,178 SF

      Oak Brook Move-In Ready Suites

      Furnished office suites with co-working amenities near Oakbrook Center.
      2015 Spring Rd, Oak Brook, IL 60523
      View Details
    • Contact for pricing
      17,749 SF

      Prime Oak Brook Office Space

      Conveniently located office space with easy access and ample parking.
      1111 W 22Nd St, Oak Brook, IL 60523
      View Details
    • Contact for pricing
      35,000 SF

      Class A Medical Office Space

      New build-to-suit medical office in Oak Brook, Illinois.
      1800 York Rd, Oak Brook, IL 60523
      View Details
    • Contact for pricing
      6,300 SF

      Restaurant Pads in Oak Brook

      Restaurant pads available at a fully signalized intersection.
      1050 W 22Nd St, Oak Brook, IL 60523
      View Details
    • $15 SF/Yr
      3,100 SF

      Oak Brook Two-Story Office Building

      27,498 SF office building with suites from 500-3,100 SF.
      2210 Midwest Rd, Oak Brook, IL 60523
      View Details
    • Contact for pricing
      8,219 SF

      Oak Brook Retail Opportunity

      Retail space in affluent Chicago suburb near major shopping centers.
      3011 Butterfield Rd, Oak Brook, IL 60523
      View Details
    • Contact for pricing
      9,000 SF

      Mixed-Use Development in Oak Brook

      Mixed-use development with retail, office, apartments, and condos.
      2125 Spring Rd, Oak Brook, IL 60523
      View Details
    • Contact for pricing
      7,900 SF

      Oak Brook Retail & Dining

      Specialty retail and dining center in Oak Brook, Illinois.
      3021 Butterfield Rd, Oak Brook, IL 60523
      View Details

    FAQs

    What type of property is this?
    Office space - Office space for rent in Oak Brook, Illinois.
    Where is this office space located?
    The property is located at 1520 Kensington Rd Oak Brook, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Full-service deli on-site.; - Stay active with our convenient fitness center.; - Host meetings and events in the conference center.
    (312) 782-5800 Call to check price and availability
    Request Owner's contact information
    1520 Kensington Rd Oak Brook, IL 60523
    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.
    1520 Kensington Rd
    Oak Brook, IL 60523
    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
    1520 Kensington Rd Oak Brook, IL 60523
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Daniel Svachula
    Daniel Svachula
    (312) 782-5800 (773) 632-2510
    Learn more
    Google sign-in failed. Please try again or use another login method.