Add Listing
    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

    1601 Remington Blvd Bolingbrook, IL 60490

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    591,748 SF sublease available through 10/31/24 with racking.

    Property size:
    591,748 SF
    Lot size:
    591,748 SF

    Property Features for 1601 Remington Blvd

    General Information

    Standard status
    Active
    Size
    591,748 SF

    We can help!

    Listing Contact
    David Prell
    Source: Cbre

    Listing Agent: David Prell

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

    Learn more

    Overview

    Sublease Available with Racking

    A 591,748 square foot sublease is available through October 31, 2024, with racking. The property has frontage on I-55 interstate. It includes 23.25 acres, a 30-foot clear height, 59 exterior dock doors with the possibility of adding 60 additional docks, and 2 drive-in doors. There are 100 car spaces and 60 trailer stalls against the dock wall. The property is equipped with an ESFR sprinkler system.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center Skin Care Clinic

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

    Similar Places Nearby

    Penske Logistics

    Location Insight

    • Map
    • Local Demand
    City
    Bolingbrook
    County
    Will
    State
    Illinois
    Longitude
    -88.1414962
    Latitude
    41.6526155

    Nearby Similar for Lease

    • Contact for pricing
      59,677 SF

      Move-in Ready Bolingbrook Office Space

      Office space for lease in Riverwoods Professional Center.
      440 W Boughton Rd, Bolingbrook, IL 60440
      View Details
    • Contact for pricing
      59,677 SF

      Move-in Ready Bolingbrook Office Space

      Professional office space for lease in Riverwoods Professional Center.
      440 W Boughton Rd, Bolingbrook, IL 60440
      View Details
    • Contact for pricing
      108,029 SF

      Bolingbrook Warehouse with Office Space

      Warehouse condo with office, mezzanine, and truck-level loading dock.
      475 Quadrangle Dr, Bolingbrook, IL 60440
      View Details
    • Contact for pricing

      Bolingbrook Commercial Space For Lease

      Prime location, flexible space, ideal for medical or professional office.
      440 Quadrangle Dr, Bolingbrook, IL 60440
      View Details
    • Contact for pricing

      Bolingbrook Office Space Available

      Move-in ready office space near I-55 and 355.
      2600 E 107Th St, Bolingbrook, IL 60440
      View Details
    • $25 SF/Yr

      Retail Space on Route 53

      Retail space in grocery-anchored center, ideal for various businesses.
      150 N Bolingbrook Dr, Bolingbrook, IL 60440
      View Details
    • Contact for pricing
      32,234 SF

      Bolingbrook Office/Tech Space Available

      Office/Tech space for rent in Bolingbrook, Illinois.
      305 W Briarcliff Rd, Bolingbrook, IL 60440
      View Details
    • $27 SF/Yr

      Retail Space on Route 53

      Street-facing retail space in Bolingbrook, ideal for various businesses.
      154 N Bolingbrook Dr, Bolingbrook, IL 60440
      View Details
    • Contact for pricing

      Contemporary Retail Center Near Menards

      High-visibility retail center with strong traffic and convenient highway access.
      291 North Bolingbrook Dr, Bolingbrook, IL 60440
      View Details
    • Contact for pricing

      Bolingbrook Retail Space For Lease

      Retail spaces available in Northridge Plaza, Bolingbrook, Illinois.
      210 N Bolingbrook Dr, Bolingbrook, IL 60440
      View Details
    • Contact for pricing
      7,102 SF

      Bolingbrook Drive Versatile Commercial Space

      Modern property with flexible layout suitable for retail or office.
      231 North Bolingbrook Dr, Bolingbrook, IL 60440
      View Details
    • Contact for pricing

      Modern Warehouse Space For Sublease

      Class A warehouse/distribution space available for sublease in Bolingbrook.
      999 Belle Ln, Bolingbrook, IL 60490
      View Details

    FAQs

    What type of property is this?
    Warehouse - 591,748 SF sublease available through 10/31/24 with racking.
    Where is this warehouse located?
    The property is located at 1601 Remington Blvd Bolingbrook, IL.
    What are key features of this property?
    This property features: - 591,748 SF Sublease available thru 10/31/24; - Frontage on I-55 interstate; - Features 59 Exterior dock doors, with 60 additional docks possible
    (773) 405-9093
    Request Owner's contact information
    1601 Remington Blvd Bolingbrook, IL 60490
    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.
    1601 Remington Blvd
    Bolingbrook, IL 60490
    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
    1601 Remington Blvd Bolingbrook, IL 60490
    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
    David Prell
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!