Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Furnished Office Space For Rent Title is generated by Realmo AI

    126 S 4th Street A, Dekalb, IL 60115

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,250 /Mo

    Furnished office space in DeKalb's central business district.

    Type:Commercial/Industrial
    Added:
    Nov 27, 2024
    Days on Market:
    540
    Last Refresh:
    May 19 at 11:16 pm

    Property Features for 126 S 4th Street A

    General Information

    Standard status
    Active
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1974

    We can help!

    Listing Contact
    Michael Carpenter

    Listing agent Michael Carpenter License #471009955

    Listing office RVG Commercial Realty

    Listing date Nov 27, 2024

    Source Exitrealty

    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 RVG Commercial Realty

    HighLights

    • Furnished office space - ready to use immediately.
    • Located in DeKalb's central business district.
    • High visibility with high traffic counts.
    • Walking distance to amenities (post office, restaurants, library, City Hall).
    • Short term leases available.
    • Tenant incentives for longer term leases.

    Overview

    This furnished office space includes desks, filing cabinets, and furniture, requiring only computers for immediate occupancy. Situated in DeKalb's bustling central business district, the location offers high visibility and traffic. The property is within walking distance of the post office, restaurants, library, and City Hall. Short-term leases are available, with tenant incentives offered for longer-term lease agreements. This property is intended for office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Prism Bettas & Aquatics Pet Store 33 Carpenters Construction ... Roofing Company Ellie’s Insurance Services Insurance Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Dekalb
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.75003
    Latitude
    41.928929

    Nearby Similar for Lease

    • Contact for pricing

      DeKalb Retail Space Available

      Commercial retail space for rent in DeKalb, Illinois.
      156 E Lincoln Highway, DeKalb, IL 60115
      View Details
    • Contact for pricing
      59,305 SF

      Retail Space in Major Center

      Retail space available in a large shopping center.
      2058 Sycamore Road, DeKalb, IL, 60115
      View Details
    • Contact for pricing
      6,124 SF

      Retail Space on Sycamore Road

      Retail space available in high-traffic DeKalb retail area.
      2151 Sycamore Road, DeKalb, IL, 60115
      View Details
    • Contact for pricing
      1,400 SF

      DeKalb Retail Anchor Space Available

      Retail anchor space available near Northern Illinois University.
      2562 Sycamore Rd, DeKalb, IL
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Schnucks Anchored Center

      Retail space available in DeKalb, IL, near Interstate 88.
      901-975 S Annie Glidden Rd, DeKalb, IL
      View Details
    • Contact for pricing
      9,290 SF

      Retail Space Near Northern Illinois University

      Retail space anchored by Target with high visibility and foot traffic.
      2341-2371 Sycamore Rd, DeKalb, IL
      View Details
    • Contact for pricing
      112,650 SF

      DeKalb Warehouse in Park 88

      Warehouse in Park 88, DeKalb, with trailer parking.
      711 E Fairview Dr, DeKalb, IL
      View Details
    • $6 SF/Yr
      5,695 SF

      Commercial Space Near NIU Campus

      Retail spaces available near Northern Illinois University.
      901 Lucinda Ave, DeKalb, IL 60115
      View Details
    • Contact for pricing
      4,255 SF

      Retail Space Near NIU

      Retail space available near Northern Illinois University.
      2420-2428 Sycamore Rd, DeKalb, IL
      View Details
    • Contact for pricing
      8,425 SF

      DeKalb Retail Space Available

      Retail space available near Northern Illinois University.
      2478-2550 Sycamore Rd, De Kalb, IL
      View Details
    • Contact for pricing
      2,520 SF

      Retail Space Near NIU

      Retail space available near Northern Illinois University.
      2434-2448 Sycamore Rd, DeKalb, IL
      View Details
    • Contact for pricing
      5,655 SF

      New Mixed-Use Building Retail Space

      Class A retail space in booming downtown DeKalb.
      228 N 4th St, DeKalb, IL 60115
      View Details

    FAQs

    What type of property is this?
    Office units - Furnished office space in DeKalb's central business district.
    Where is this office units located?
    The property is located at 126 S 4th Street A Dekalb, IL.
    What is the lease rate?
    The lease rate is $1,250 /Mo.
    What are key features of this property?
    This property features: Furnished office space - ready to use immediately.; Located in DeKalb's central business district.; High visibility with high traffic counts.
    (815) 540-5101
    We can help!
    Listing Contact
    Michael Carpenter
    Real Estate License ID: 471009955
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    126 S 4th Street A, DeKalb, IL 60115
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!