Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Flex Space for Lease Title is generated by Realmo AI

    1405-A Timber Drive, Elgin, IL 60123

    View on Map
    Claim this Listing
    New
    For Lease
    Contact for pricing

    Industrial flex space available for lease, suited for businesses needing both functional workspace and warehouse-style storage.

    Type:Industrial
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:45 am

    Property Features for 1405-A Timber Drive

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Sharon Glasshof
    Sharon Glasshof

    Listing agent Sharon Glasshof License #471012471

    Listing office Premier Commercial Realty

    Listing date Jun 2, 2026

    Source Premiercommercialrealty

    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 Premier Commercial Realty

    HighLights

    • Industrial flex space available for lease
    • Year built: 1985

    Overview

    This listing offers an industrial flex space configuration available for lease under the “industrial flex” property type. As a flex space, the opportunity is designed to accommodate users that value practical space for operations, with the versatility commonly associated with industrial flex buildings. This is an appropriate option for tenants seeking a straightforward industrial-flex offering without over-specialized buildout assumptions.

    The property is located at 1405-A Timber Drive in Elgin, Illinois 60123. The site’s address provides a defined leasing target for businesses evaluating industrial-flex options in the Elgin area.

    Because the property is presented specifically as industrial flex, it can be a fit for a range of light industrial and distribution-oriented tenants looking for flexible day-to-day space. Operators may find it useful when they want an industrial setting that can support both hands-on work and the storage needs that typically come with industrial activity. Interested parties are encouraged to confirm unit-specific details and operational fit directly with the leasing team prior to moving forward.
    Location Intelligence

    Current Use by Public Records

    Flex space

    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

    • Philly Kings Inc. — 1450 Getzelman Dr, Elgin, IL 60123

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.311724
    Latitude
    42.057954

    Nearby Similar for Lease

    • Contact for pricing
      2,443 SF

      Elgin Office Suites For Rent

      Office suites available in renovated building near Randall Rd. and I-90.
      2295 VALLEY CREEK Drive, Elgin, IL 60123
      View Details
    • Contact for pricing
      2,375 SF

      Elgin Retail/Office Corner Unit

      High-visibility corner unit suitable for retail or office use.
      734 W Chicago Street, Elgin, IL 60124
      View Details
    • Contact for pricing

      Professional Office Space in Elgin

      Well-maintained office building with spacious, green features and ample parking.
      1750 Grandstand Place, Elgin, IL 60123
      View Details
    • Sponsored
      $129-$3,357/Mo
      11-1,292 SF

      IL, Elgin - Point Blvd

      2250 Point Blvd, Unit 335, Elgin, IL 60123
      View Details
    • Contact for pricing

      Downtown Elgin Office Suites Available

      Office suites in downtown Elgin with utilities and internet included.
      77 S Riverside Drive, Elgin, IL 60120
      View Details
    • Contact for pricing
      5,000 SF

      Downtown Elgin Office Space Available

      Office spaces available for rent in downtown Elgin, Illinois.
      80 S Grove Avenue, Elgin, IL 60120
      View Details
    • Contact for pricing

      Elgin Commercial Space For Rent

      Former bar space available in downtown Elgin, ready for occupancy.
      76 S Grove Avenue, Elgin, IL 60120
      View Details
    • Contact for pricing

      Elgin Office Space For Rent

      Distinctive office space with private offices and reception area.
      2000 Larkin Avenue, Elgin, IL 60123
      View Details
    • $1,000/Mo

      Two-Story Upscale Office Building

      A two-story upscale office building offered for rent, well suited for professional tenants seeking a refined workspace.
      721 Dundee Ave., Elgin, IL 60120
      View Details
    • $9 SF/Yr
      52,000 SF

      Flex and Industrial Warehouse Space

      Well-appointed flex/industrial units with 19-foot ceilings and strong parking for everyday logistics and operations.
      1380 Gateway Dr, Elgin, IL 60124
      View Details
    • $14 SF/Yr
      60,000 SF

      Class A Office Space Available

      Class A office space with tollway access and high visibility.
      2205 Point Blvd, Elgin, IL 60123
      View Details
    • Contact for pricing

      Remodeled Office Space in Elgin

      Recently renovated office space available for lease in Elgin, Illinois.
      64 N Alfred Avenue, Elgin, IL 60123
      View Details

    FAQs

    What type of property is this?
    Flex space - Industrial flex space available for lease, suited for businesses needing both functional workspace and warehouse-style storage.
    Where is this flex space located?
    The property is located at 1405-A Timber Drive Elgin, IL.
    What are key features of this property?
    This property features: Industrial flex space available for lease; Year built: 1985
    (847) 533-6974
    We can help!
    Listing Contact
    Sharon Glasshof
    Sharon Glasshof
    Real Estate License ID: 471012471
    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
    1405-A Timber Drive, Elgin, IL 60123
    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!