Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1311 W Airport Rd, Unit Romeoville IL Romeoville, IL 60446

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,664,000

    NNN investment opportunity in Romeoville, Illinois.

    Property size:
    10,030 SF
    Lot size:
    1.35 Acres

    Property Features for 1311 W Airport Rd

    General Information

    Standard status
    Active
    Size
    10,030 SF
    Lot size
    1.35 Acres

    Building Details

    Year built
    2024

    We can help!

    Listing Contact
    Dominick Cannata
    Dominick Cannata
    Source: Crexi

    Listing Agency: Brookline Real Estate Listing Agent: Dominick Cannata

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

    Learn more

    Overview

    Kiddie Academy NNN Investment

    This is an opportunity to acquire a Kiddie Academy Educational Child Care triple-net (NNN) investment property located in Romeoville, Illinois. The property at 1311 Airport Road features a 10,030 square-foot building situated on approximately 1.35 acres. The property is located near the southwest corner of Airport and Weber Roads, next to Walmart, at a heavy trade intersection that includes Aldi, Starbucks, and other national retailers. The new construction building has 31 parking spots, accessible from both Airport and Weber Roads. Kiddie Academy is currently in year one of a fifteen-year lease. The property is offered at a 7.06% CAP rate.
    Location Intelligence

    Current Use by Public Records

    Kiddie Academy of Romeoville Daycare Center

    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

    Kiddie Academy of Romeoville, Lisa's Little Angels Certified Daycare & Preschool Home, Fun World Day Care

    Location Insight

    • Map
    • Local Demand
    City
    Romeoville
    County
    Will
    State
    Illinois
    Longitude
    -88.1293841
    Latitude
    41.6090028

    Nearby Similar for Sale

    • $470,000
      3,020 SF

      Former Church Sanctuary Space

      Move-in ready sanctuary with open layout and abundant natural light.
      1251 Windham Pkwy, Romeoville, IL 60446
      View Details
    • $205,000
      1,315 SF

      Move-in Ready Professional Office Space

      Professional office space near I-55, adaptable for various business uses.
      1251 Windham Pkwy, Romeoville, IL 60446
      View Details
    • Contact for pricing

      Class A Office Building

      New Class A office building in Windham Business Park.
      1250 Windham Pkwy, Romeoville, IL 60446
      View Details
    • Contact for pricing

      Windham Parkway Office Space Available

      Office spaces for sale in Windham Business Park.
      1261 Windham Pkwy, Romeoville, IL 60446
      View Details
    • Contact for pricing
      1,944 SF

      Retail Space in Romeoville

      Retail space with high visibility and traffic in Romeoville.
      239-253 S Weber Rd, Romeoville, IL 60446
      View Details
    • $2,200,000
      18,480 SF

      Fully Leased Office Building

      Fully leased office building with recent and upcoming improvements.
      1211 W Lakeview Ct, Romeoville, IL 60446
      View Details
    • Contact for pricing
      3,500 SF

      Turnkey Retail Building on Weber

      Modern 3,500 SF retail building in active commercial corridor.
      780 S Weber Rd, Romeoville, IL 60446
      View Details
    • Contact for pricing

      Industrial Space in Crossroads Park

      152,285 SF industrial space with office in Romeoville.
      1200 N Schmidt Rd, Romeoville, IL 60446
      View Details
    • Contact for pricing
      5,258 SF

      Freestanding Building with Drive-Thru

      5,258 SF building with drive-thru on hard corner.
      495 Weber Rd, Romeoville, IL 60446
      View Details
    • Contact for pricing
      10,030 SF

      Kiddie Academy Investment Opportunity

      NNN investment opportunity in Romeoville, Illinois.
      1100 Airport Rd, Romeoville, IL 60446
      View Details
    • $1,895,000
      50,295 SF

      Prime Romeoville Office Condo

      Spacious Worship Space, Ideal for Diverse Uses
      1251 Windham Pkwy, Romeoville, IL 60446
      View Details
    • Contact for pricing
      20,401 SF

      Versatile Commercial Building on Large Lot

      20,401 SF building on 3.99 acres for sale/lease.
      719-721 N Independence Blvd, Romeoville, IL 60446
      View Details

    FAQs

    What type of property is this?
    Day care center - NNN investment opportunity in Romeoville, Illinois.
    Where is this day care center located?
    The property is located at 1311 W Airport Rd, Unit Romeoville IL Romeoville, IL.
    What is the asking price?
    The asking price for this property is $5,664,000.
    What are key features of this property?
    This property features: - Triple-net (NNN) investment property leased to Kiddie Academy.; - Located in a strong, transit-oriented location in Romeoville, a Chicago suburb.; - New construction building (built in 2024) with a fifteen-year lease in its first year.
    (630) 590-5910
    Request Owner's contact information
    1311 W Airport Rd, Unit Romeoville IL Romeoville, IL 60446
    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.
    1311 W Airport Rd, Unit Romeoville IL
    Romeoville, IL 60446
    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
    1311 W Airport Rd, Unit Romeoville IL Romeoville, IL 60446
    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
    Dominick Cannata
    Dominick Cannata
    Real Estate License ID: 00000
    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!