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

    9944 S Roberts Rd, Unit 201 Palos Hills, IL 60465

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $11 SF/Yr

    Functional office space in Palos Hills, ideal for small businesses.

    Lot size:
    1.75 Acres

    Property Features for 9944 S Roberts Rd

    General Information

    Standard status
    Active
    Lot size
    1.75 Acres

    We can help!

    Listing Contact
    Denise Raines
    Source: Exprealty

    Listing Agency: Keller Williams Preferred Rlty Listing Agent: Denise Raines

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

    Learn more

    Overview

    Professional Office Space Available

    Located in Palos Hills, this two-story professional office building offers functional and accessible office spaces. Suite 201 features a reception/waiting room, two large private offices, and a large conference/training room. The building is well-managed and includes convenient elevator access. It is suitable for startups, independent professionals, and small businesses.
    Location Intelligence

    Current Use by Public Records

    Sheila Corbett Counselor Q D Cartage ... Trucking Company Achieve Healthcare Services, ... Home Health Care Service Concorde Professional building Condominium Complex

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palos Hills
    County
    Cook
    State
    Illinois
    Longitude
    -87.81802
    Latitude
    41.7101675

    Nearby Similar for Lease

    • New
      Contact for pricing
      76,230 SF

      Medical Office in Palos Hills

      Medical office space for rent in a professional building.
      9944 S Roberts Rd, Palos Hills, IL 60465
      View Details
    • Contact for pricing
      76,230 SF

      Professional Office Space Available

      Two-story office building with small office spaces for rent.
      9944 S Roberts Rd, Palos Hills, IL 60465
      View Details
    • Contact for pricing
      76,230 SF

      Professional Office Space in Palos

      Two-story office building with elevator access and ample parking.
      9944 S Roberts Rd, Palos Hills, IL 60465
      View Details
    • New
      Contact for pricing

      Palos Hills Office Space

      Well-maintained office space in Palos Hills, near transportation and expressways.
      9957 S Roberts Rd, Palos Hills, IL 60465
      View Details
    • Contact for pricing

      Palos Hills Private Office Space

      600 SF office space in prime Palos Hills location.
      7926 W 103Rd St, Palos Hills, IL 60465
      View Details
    • $30 SF/Yr

      Retail Space in Palos Hills

      Retail space available in high-traffic Palos Hills location.
      10296 S 78Th Ave, Palos Hills, IL 60465
      View Details
    • $13 SF/Yr

      Rehabbed Office Space with Parking

      Move-in-ready office space with private parking and modern amenities.
      7836 W 103Rd St, Palos Hills, IL 60465
      View Details
    • $1,750 /Mo

      Top-Floor Condo in Riviera Regal

      Bright, well-maintained 2-bedroom condo with modern amenities.
      11126 S 84Th Ave, Palos Hills, IL 60465
      View Details
    • $18 SF/Yr
      25,000 SF

      Kiswani Shopping Center: Palos Hills Retail

      Prime Palos Hills retail space available. High visibility, strong demographics.
      8066 111Th St, Palos Hills, IL 60465
      View Details
    • $25 SF/Yr

      Retail/Office Space For Rent

      Corner lot with high visibility, suitable for retail or office.
      10296 S 78Th Ave, Palos Hills, IL 60465
      View Details
    • $18 SF/Yr

      Move-In Ready Office Space

      Private office space available for rent in professional building.
      10125 S Roberts Rd, Palos Hills, IL 60465
      View Details
    • $30 SF/Yr

      Retail Space Palos Hills

      Retail space available in high traffic area near courthouse.
      10296 S 78Th Ave, Palos Hills, IL 60465
      View Details

    FAQs

    What type of property is this?
    Office space - Functional office space in Palos Hills, ideal for small businesses.
    Where is this office space located?
    The property is located at 9944 S Roberts Rd, Unit 201 Palos Hills, IL.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in Palos Hills; - Affordable pricing; - Convenient elevator access
    (312) 953-5780
    Request Owner's contact information
    9944 S Roberts Rd, Unit 201 Palos Hills, IL 60465
    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.
    9944 S Roberts Rd, Unit 201
    Palos Hills, IL 60465
    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
    9944 S Roberts Rd, Unit 201 Palos Hills, IL 60465
    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
    Denise Raines
    (312) 953-5780
    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.