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    South Barrington Executive Workspace Title is generated by Realmo AI

    6 Executive Court, South Barrington, IL 60010

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    For Sale
    $1,750,000

    First-class shared workspace near I-90, Arboretum, shopping, and restaurants.

    Type:Commercial
    Property size:
    12,000 SF
    Lot size:
    1.46 Acres
    Price / SF:
    $145/SF
    Added:
    Apr 27, 2023
    Days on Market:
    1111
    Last Refresh:
    Apr 5 at 8:29 pm

    Property Features for 6 Executive Court

    General Information

    Standard status
    Active
    Size
    12,000 SF
    Lot size
    1.46 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    ROBBIE MORRISON

    Listing agent ROBBIE MORRISON License #475132015

    Listing office COLDWELL BANKER REALTY

    Listing date Apr 27, 2023

    Source Corcoran

    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 COLDWELL BANKER REALTY

    HighLights

    • 12,000 sq ft of first‑class finished shared workspace
    • Features 5 conference rooms and 15 offices, including a principal office with lounge and partner's office with full bathroom
    • Stunning vaulted seating area with porcelain tile floors and modern fireplace
    • Includes two expansive bullpen areas and upscale common area bathrooms
    • Lower level with 3 offices and a break room
    • 49 parking spaces, fire suppression system, and security alarm

    Overview

    South Barrington Executive Center offers a 12,000-square-foot shared workspace featuring upscale finishes. The space includes an entrance with 8-foot glass doors that open to a vaulted seating area with porcelain tile floors, a modern fireplace, and nature views. Vaulted ceilings extend throughout the space, leading to a common area art gallery, five conference rooms, and fifteen offices. One principal office features a lounge area with a modern fireplace and an adjoining business partner's office with a full bathroom. The main floor also provides two expansive bullpen areas and separate women's and men's common area bathrooms with upscale finishes, as well as an elevator to the English lower-level offices. The lower level includes three office spaces, common area women's and men's bathrooms, and a break room. The all-masonry building is equipped with six zones, a fire suppression system, a security alarm, and 49 parking spaces. The property is located near I-90, Arboretum, shopping, entertainment, and restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coworking space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    South Barrington
    County
    Cook
    State
    Illinois
    Longitude
    -88.1431326
    Latitude
    42.0797669

    Nearby Similar for Sale

    • $1,550,000

      South Barrington High-End Office Building

      Turn-key office building in South Barrington Executive Center.
      14 Executive Court, South Barrington, IL 60010
      View Details
    • $9,500,000
      108,340 SF

      South Barrington Office Center Portfolio

      Stabilized office portfolio in affluent South Barrington, 94% leased.
      33 W Higgins Rd, South Barrington, IL 60010
      View Details
    • $1,550,000
      11,000 SF

      High-End Office Building For Sale

      Turn-key office building in South Barrington Executive Center.
      14 Executive Court, South Barrington, IL 60010
      View Details

    FAQs

    What type of property is this?
    Coworking space - First-class shared workspace near I-90, Arboretum, shopping, and restaurants.
    Where is this coworking space located?
    The property is located at 6 Executive Court South Barrington, IL.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: 12,000 sq ft of first‑class finished shared workspace; Features **5 conference rooms and 15 offices**, including a principal office with lounge and partner's office with full bathroom; **Stunning vaulted seating area** with porcelain tile floors and modern fireplace
    (847) 222-5000
    We can help!
    Listing Contact
    ROBBIE MORRISON
    Real Estate License ID: 475132015
    Learn More
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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
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