500 N Field Dr, Lake Forest, IL
Office space for rent in premier north suburban office development.
- Added:
- Feb 10, 2023
- Days on Market:
- 1230
- Last Refresh:
- May 19 at 9:27 pm
Property Features for 500 N Field Dr
General Information
- Standard status
- Active
- Size
- 33,225 SF
- Lot size
- 7.53 Acres
- Property subtype
- OFFICE
Properties For Sale
at 500 N Field Dr Contact usListing agent Rob Graham (708) 284-5316
Listing office CBRE | Chicago (708) 284-5316
Listing date Feb 10, 2023
Source Moodyscre
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 CBRE | Chicago
HighLights
- Located within Conway Park
- Premier north suburban office development
- Prime office location
- Property Details
- Additional Property Details
- Description
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $813.3k | $24.48 |
| − Vacancy | −$202.5k | −$6.10 |
| EGI | $610.8k | $18.38 |
| − OpEx | −$152.7k | −$4.60 |
| NOI | $458.1k | $13.79 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lake Forest
- County
- Lake
- State
- Illinois
- Longitude
- -87.8993
- Latitude
- 42.2486
