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

    1510 Paddock Dr Northbrook, IL 60062

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

    4,818 SF single tenant building available for lease in Northbrook.

    We can help!

    Listing Contact
    Thomas Gath
    Source: Nmrk

    Listing Agent: Thomas Gath

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

    Learn more

    Overview

    Northbrook Single Tenant Building For Lease

    This 4,818 square foot single tenant building in Northbrook, Illinois, will be available for lease starting April 1, 2026. The building features a ceiling height of 15 feet 6 inches and is equipped with 400 Amps of power and LED lighting. It offers great loading capabilities. The property is located one mile from The Glen Town Center and three miles from both I-294 and I-94.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Northbrook
    County
    Adams
    State
    Illinois
    Longitude
    -87.8406
    Latitude
    42.1255

    Nearby Similar for Lease

    • $14 SF/Yr
      38,760 SF

      Northbrook Office Space For Rent

      Office space in Northbrook with amenities and highway visibility.
      2215 Sanders Rd, Northbrook, IL
      View Details
    • $850 /Mo
      1,350 SF

      Northbrook Office Space for Rent

      Office suite in downtown Northbrook with convenient transportation access.
      1200 Shermer Rd, Northbrook, IL
      View Details
    • Contact for pricing
      2,778 SF

      Skokie Boulevard Premier Office Building

      Renovated Class A office building with modern amenities and flexible spaces.
      400 Skokie Blvd, Northbrook, IL
      View Details
    • Contact for pricing
      5,517 SF

      Northbrook Office Space For Rent

      Office space with easy access to amenities and highways.
      899 Skokie Blvd, Northbrook, IL
      View Details
    • $33 SF/Yr

      Northbrook Medical/Office Building For Lease

      Five-story building with full floor availability and upgraded amenities.
      1240 Meadow Rd, Northbrook, IL 60062
      View Details
    • $40 SF/Yr

      Executive Suites Near Metra Train

      Full-service business center with flexible lease terms and amenities.
      1363 Shermer Rd, Northbrook, IL 60062
      View Details
    • Contact for pricing

      Northbrook Retail Space For Lease

      Retail spaces available in Northbrook's Sanders Center at Dundee Road.
      4125 Dundee Rd, Northbrook, IL 60062
      View Details
    • Contact for pricing
      403,679 SF

      Willow Festival Retail Center

      Northbrook, IL: Prime Retail Space Available
      840 Willow Rd, Northbrook, IL 60062
      View Details
    • $10 SF/Yr
      47,320 SF

      Industrial Space in Sky Harbor

      Industrial space for lease with easy access to I-94.
      3983 Commercial Ave, Northbrook, IL 60062
      View Details
    • Contact for pricing
      1,047 SF

      Retail Space in Northbrook Center

      Retail, office, or medical space in neighborhood center.
      2720-2780 Dundee Rd, Northbrook, IL
      View Details
    • $16 SF/Yr
      10,125 SF

      Northbrook Medical Office Space For Lease

      Prime Medical Office Suites Available in Northbrook, IL
      1535 Lk Cook Rd, Northbrook, IL 60062
      View Details
    • Contact for pricing
      89,211 SF

      Northbrook Retail Anchor Opportunity

      89,211 SF retail space with high visibility and traffic.
      2323 Capital Dr, Northbrook, IL 60062
      View Details

    FAQs

    What type of property is this?
    Specialty property - 4,818 SF single tenant building available for lease in Northbrook.
    Where is this specialty property located?
    The property is located at 1510 Paddock Dr Northbrook, IL.
    What are key features of this property?
    This property features: - Great Loading Capabilities; - Single Tenant Building; - 4,818 SF Available
    (773) 957-1415
    Request Owner's contact information
    1510 Paddock Dr Northbrook, IL 60062
    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.
    1510 Paddock Dr
    Northbrook, IL 60062
    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
    1510 Paddock Dr Northbrook, IL 60062
    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
    Thomas Gath
    (773) 957-1415
    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.