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

    1795 S Washington St, Unit 108 Naperville, IL 60565

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $13 SF/Yr

    2,194 RSF medical office space, former dental suite.

    Property Features for 1795 S Washington St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Olivia Czyzynski
    Source: Exprealty

    Listing Agency: Sperry Van Ness Listing Agent: Olivia Czyzynski

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

    Learn more

    Overview

    Medical Office Space in Naperville

    Suite 108 offers 2,194 RSF of medical office space, previously configured as a dental suite, and is suitable for a dentist or can be retrofitted as a general medical suite. The unit includes a common area lobby. The property is located in Naperville along Washington Street. Current on-site tenants include 360 Fitness, SPOKES, Big Apple Bagels, Edible Arrangements, DULY Health & Care, Budget Blinds, and Bottoms Up restaurant. The surrounding area provides a mix of modern amenities and historic elements. Downtown Naperville, with its dining, shopping, and cultural venues, is located nearby.
    Location Intelligence

    Current Use by Public Records

    National Karate Martial Arts School Road Show Inc. Performing Arts Group O'Neill Susan C Nurse Practitioner DuPage Health and Physical ... Acupuncturist VitaLife - Naperville Weight Loss Service

    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.

    Similar Places Nearby

    County Line Animal Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    Will
    State
    Illinois
    Longitude
    -88.1296886
    Latitude
    41.7366129

    Nearby Similar for Lease

    • Contact for pricing
      13,504 SF

      Updated Office Space Near Downtown

      Recently updated office space with flexible options near downtown.
      849 N Ellsworth St, Naperville, IL 60563
      View Details
    • Contact for pricing
      103,237 SF

      Naperville Medical/Retail Space Available

      Medical and retail spaces for lease in Naperville, Illinois.
      1247 Rickert Dr, Naperville, IL 60540
      View Details
    • Contact for pricing
      Pending

      Updated Office Space Near Downtown

      Professional office space with parking near downtown Naperville.
      4 Olympus Dr, Naperville, IL 60540
      View Details
    • Contact for pricing

      Updated Office Space Near Metra

      Updated office suites in high-traffic location near Naperville Metra Station.
      610 N Washington St, Naperville, IL 60563
      View Details
    • Contact for pricing
      5,663 SF

      Renovated Office Space Near Downtown

      Recently renovated office space with private offices and conference room.
      643 S Washington St, Naperville, IL 60540
      View Details
    • Contact for pricing

      Naperville Office Space For Rent

      Updated office suites in high-traffic location near Naperville Metra Station.
      610 N Washington St, Naperville, IL 60563
      View Details
    • Contact for pricing
      103,237 SF

      Naperville Medical Building Rental Opportunity

      Medical facility rental opportunity in premier Naperville location.
      1247 Rickert Dr, Naperville, IL 60540
      View Details
    • Contact for pricing

      Naperville Office Suites For Rent

      Updated office suites in high-traffic location near Naperville Metra.
      610 N Washington St, Naperville, IL 60563
      View Details
    • Contact for pricing

      Office Condo in Naperville, IL

      Premier office condo near downtown Naperville with ample parking.
      1001 E Chicago Ave, Naperville, IL 60540
      View Details
    • Contact for pricing

      Retail Space in Naperville Center

      Retail/office spaces available in established Naperville retail center.
      1801 Wehrli Rd, Naperville, IL 60565
      View Details
    • Contact for pricing
      103,237 SF

      Naperville Medical Building Rental Opportunity

      Medical facility rental opportunity in Naperville, Illinois.
      1247 Rickert Dr, Naperville, IL 60540
      View Details
    • Contact for pricing
      103,237 SF

      Naperville Medical Building Rental Opportunity

      Premier medical building with multiple rental opportunities in Naperville.
      1247 Rickert Dr, Naperville, IL 60540
      View Details

    FAQs

    What type of property is this?
    Medical office - 2,194 RSF medical office space, former dental suite.
    Where is this medical office located?
    The property is located at 1795 S Washington St, Unit 108 Naperville, IL.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - Turn-key medical office space, formerly a dental suite, easily adaptable for another dentist or retrofitted as a general medical suite.; - Located in Naperville along busy Washington Street, offering high visibility and accessibility.; - Minutes from downtown Naperville with diverse dining, shopping, and cultural attractions.
    (312) 676-1862
    Request Owner's contact information
    1795 S Washington St, Unit 108 Naperville, IL 60565
    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.
    1795 S Washington St, Unit 108
    Naperville, IL 60565
    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
    1795 S Washington St, Unit 108 Naperville, IL 60565
    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
    Olivia Czyzynski
    (312) 676-1862
    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.