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    High-End Office Building For Sale Title is generated by Realmo AI

    14 Executive Court, South Barrington, IL 60010

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    For Sale
    $1,550,000

    Turn-key office building in South Barrington Executive Center.

    Type:Commercial
    Property size:
    11,000 SF
    Lot size:
    1.62 Acres
    Price / SF:
    $140/SF
    Added:
    Nov 20, 2025
    Days on Market:
    178
    Last Refresh:
    Apr 5 at 8:31 pm

    Property Features for 14 Executive Court

    General Information

    Standard status
    Active
    Size
    11,000 SF
    Lot size
    1.62 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2003

    We can help!

    Listing Contact
    RICHARD PERILLO

    Listing agent RICHARD PERILLO License #471020096

    Listing office PERILLO REAL ESTATE GROUP

    Listing date Nov 20, 2025

    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 PERILLO REAL ESTATE GROUP

    HighLights

    • Fully leased, turn‑key commercial property providing immediate income.
    • Prime location in the prestigious South Barrington Executive Center, conveniently located near I‑90 and Route 72.
    • Boasts substantial 11,000+ square feet of high‑end office space.
    • Recent significant improvements: new roof and gutters (2023), upgraded parking lot (2023), and chimney repairs (2024).
    • Includes multiple conference rooms and a spacious shared kitchen.
    • Secure building with a welcoming waiting area.

    Overview

    This professional office building, featuring over 11,000 square feet of space, is located in the South Barrington Executive Center. The building includes a welcoming waiting area, three leased spaces, multiple conference rooms, and a spacious shared kitchen. Recent improvements include a new roof and gutters in 2023, an upgraded partial parking lot to concrete in 2023, and chimney repairs including new chase covers in 2024. The property is conveniently situated off I-90 and Route 72 on Barrington Road, surrounded by restaurants, shopping, and entertainment. The building is fully leased.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Peters & Nye Law Firm Trotter Wealth Management Financial Advisor Kennedy Home Builders Construction Company Vendrite Specialty Services Corporate Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    South Barrington
    County
    Cook
    State
    Illinois
    Longitude
    -88.1425
    Latitude
    42.0766

    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
    • $1,750,000
      12,000 SF

      South Barrington Executive Workspace

      First-class shared workspace near I-90, Arboretum, shopping, and restaurants.
      6 Executive Court, South Barrington, IL 60010
      View Details

    FAQs

    What type of property is this?
    Office building - Turn-key office building in South Barrington Executive Center.
    Where is this office building located?
    The property is located at 14 Executive Court South Barrington, IL.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: Fully leased, turn‑key commercial property providing immediate income.; Prime location in the prestigious South Barrington Executive Center, conveniently located near I‑90 and Route 72.; Boasts substantial 11,000+ square feet of high‑end office space.
    (224) 634-4476
    We can help!
    Listing Contact
    RICHARD PERILLO
    Real Estate License ID: 471020096
    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.

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