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    251 South Pinnacle Dr Romeoville, IL 60446

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    For Lease
    Contact for pricing

    460,428 SF divisible warehouse with delivery slated for Q1 2026.

    Building Details

    Year built
    2025

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    Listing Contact
    Adam Roth, Ccim Sior
    Source: Naiglobal

    Listing Agent: Adam Roth, Ccim Sior

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

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    Overview

    New Warehouse / Distribution Facility

    LogistiCenter® Romeoville is a new 460,428 square foot divisible warehouse and distribution facility situated on a 38.79-acre site. Delivery is slated for Q1 2026. The facility includes 4,000 square feet of speculative office space and a 40-foot clear height. It features ESFR sprinklers, 52-foot by 54-foot column spacing with a 52-foot by 60-foot speed bay, and LED lighting with 30' candles. There are 51 exterior docks, expandable to 120, and 4 grade-level doors. Parking includes 264 car spaces and 131 trailer stalls. The property has 4,000 amps of 480 volt, 3-phase power. The truck court measures 186 feet 6 inches. Located in metro Chicago’s I-55 South industrial corridor, the property offers access to the region’s transportation network. It is positioned near major interstates, highways, and arterial roads, including I-55, I-355, I-80, I-294, and Il-53. O’Hare International Airport is approximately 36 miles away, while Midway International Airport is approximately 25 miles away. The Union Pacific Joliet Intermodal Terminal gate is approximately 24 miles away, and BNSF Logistics Park Chicago is located approximately 29 miles away. The location provides access to skilled labor and nearby retail amenities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Prologis

    Location Insight

    • Map
    • Local Demand
    City
    Romeoville
    County
    Will
    State
    Illinois
    Longitude
    -88.1134708
    Latitude
    41.6301964

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    FAQs

    What type of property is this?
    Warehouse - 460,428 SF divisible warehouse with delivery slated for Q1 2026.
    Where is this warehouse located?
    The property is located at 251 South Pinnacle Dr Romeoville, IL.
    What are key features of this property?
    This property features: - Located in metro Chicago’s desirable I-55 South industrial corridor with exceptional access to major interstates and proximity to airports and intermodal terminals.; - New, state-of-the-art warehouse/distribution facility of 460,428 SF (divisible) with delivery slated for Q1 2026.; - Benefit from a **40' clear height** and **ESFR sprinkler system.**
    (773) 392-5800
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    251 South Pinnacle Dr Romeoville, IL 60446
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    Romeoville, IL 60446
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    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
    251 South Pinnacle Dr Romeoville, IL 60446
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    Listing Contact
    Adam Roth, Ccim Sior
    (773) 392-5800
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