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

    320-350 S Budler Rd Romeoville, IL 60446

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

    Available retail space in a densely populated area.

    Property size:
    5,719 SF
    Lot size:
    2.65 Acres

    Property Features for 320-350 S Budler Rd

    General Information

    Size
    5,719 SF
    Lot size
    2.65 Acres

    We can help!

    Listing Contact
    Neil Haleem
    Neil Haleem
    Source: Moodyscre

    Listing Agent: Neil Haleem

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

    Learn more

    Overview

    Retail Space in Populated Area

    This property offers retail spaces ranging from approximately 2796 to 5719 square feet. The open floor plan allows for flexible layout options. The location benefits from a densely populated surrounding area and proximity to national retailers.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Romeoville
    County
    Will
    State
    Illinois
    Longitude
    -88.1543792
    Latitude
    41.6113848

    Nearby Similar for Lease

    • Contact for pricing
      274,428 SF

      Professional Office Building For Rent

      Brick office building with high visibility and ample parking.
      600 S Weber Rd, Romeoville, IL 60446
      View Details
    • Contact for pricing
      460,428 SF

      New Warehouse/Distribution Facility Available

      New 460,428 SF warehouse/distribution facility in Romeoville, IL.
      251 South Pinnacle Dr, Romeoville, IL 60446
      View Details
    • Contact for pricing

      New Industrial Buildings Nearing Completion

      Two industrial buildings with trailer parking and transportation access.
      755-757 Independence Blvd, Romeoville, IL 60446
      View Details
    • Contact for pricing
      162,950 SF

      I-55 Corridor Industrial Space

      105,404 SF industrial space for lease in Romeoville.
      1186 Arbor Dr, Romeoville, IL 60446
      View Details
    • Contact for pricing
      16,500 SF

      Expandable Industrial Units for Lease

      Two 3,500 SF industrial units, can be combined.
      805 Forestwood Dr, Romeoville, IL 60446
      View Details
    • Contact for pricing
      120,143 SF

      Romeoville Industrial Unit For Lease

      59,007 SF industrial unit available January 1, 2026.
      1411-1415 Enterprise Dr, Romeoville, IL 60446
      View Details
    • Contact for pricing

      Romeoville Industrial Space Available

      400,400 SF industrial space with excellent access to major interstates.
      901 Bluff Rd, Romeoville, IL 60446
      View Details
    • Contact for pricing
      453,568 SF

      Spacious Warehouse with Extensive Loading

      453,568 SF warehouse with ample loading docks and parking.
      1120 Remington Blvd, Romeoville, IL 60446
      View Details
    • $25 SF/Yr
      1,360 SF

      Retail Spaces in Romeoville Center

      Retail and restaurant spaces available in Romeoville Towne Center.
      409-445 N Weber Rd, Romeoville, IL 60446
      View Details
    • Contact for pricing
      100,000 SF

      Romeoville Retail Pads - Weber Road

      Prime Retail Space, 100,000 SF, Will County
      0 Weber Rd & Normantown Rd, Romeoville, IL 60446
      View Details
    • Contact for pricing
      113,422 SF

      Romeoville Towne Center Retail Space

      Prime Retail Center, 8 Spaces Available
      405 Weber Rd, Romeoville, IL 60446
      View Details
    • $8 SF/Yr
      73,600 SF

      Prime Romeoville Warehouse Space

      73,600 SF Warehouse - 23,300 SF Available
      1253 Naperville Dr, Romeoville, IL 60446
      View Details

    FAQs

    What type of property is this?
    Retail space - Available retail space in a densely populated area.
    Where is this retail space located?
    The property is located at 320-350 S Budler Rd Romeoville, IL.
    What are key features of this property?
    This property features: - Open floor plan; - +/-2796sf - 5719sf available; - Nearby national retailers
    (708) 927-8000
    Request Owner's contact information
    320-350 S Budler Rd Romeoville, IL 60446
    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.
    320-350 S Budler Rd
    Romeoville, IL 60446
    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
    320-350 S Budler Rd Romeoville, IL 60446
    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
    Neil Haleem
    Neil Haleem
    Real Estate License ID: 37077037778HN
    (708) 927-8000
    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.