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    Industrial Flex Warehouse with Docks Title is generated by Realmo AI

    1700 Landmark Road, Aurora, IL 60506

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    Divisible industrial flex space offers updated office, multiple loading options, and potential secured outdoor storage for immediate occupancy.

    Type:Industrial
    Property size:
    45,120 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:46 am

    Property Features for 1700 Landmark Road

    General Information

    Standard status
    Active
    Size
    45,120 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 1700 Landmark Road Contact us

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    Listing Contact
    Jack Brennan

    Listing agent Jack Brennan

    Listing office

    Listing date Jun 2, 2026

    Source Hiffman

    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 Jack Brennan

    HighLights

    • Divisible industrial space totaling 45,120 SF, with available sizes from 9,845 SF up to 45,120 SF
    • Updated office space totaling 2,315 SF and 2,820 SF, with 2,135 SF and 2,820 SF updated office called out in remarks
    • Loading includes 1 interior dock with leveler and 1 exterior dock, plus 4 drive‑in doors
    • Clear heights range from 11'6" to 15'
    • Power includes 1,200 amps (North Unit) and 800 amps (South Unit), each with 120/240 volt 3‑phase
    • Zoned Industrial with immediate access to I‑88 via Rt. 31 or Orchard Road; potential for fenced/secured outside storage

    Overview

    This industrial flex warehouse is divisible and available immediately, with unit sizes ranging from 9,845 to 45,120 square feet. The configuration includes updated office space totaling 2,135 and 2,820 square feet, along with loading support of one interior dock with a leveler and one exterior dock. Access for distribution and production needs is supported by four drive-in doors, and the clear heights run from 11'6" to 15'. Power is provided at the unit level, with 1,200 amps for the North Unit and 800 amps for the South Unit, each with 120/240 volt 3-phase service.

    The property is institutionally owned and managed, positioned for practical everyday access to major routes. Immediate access to I-88 is available via Route 31 or Orchard Road, and the site is within walking distance of retail amenities.

    With its balanced warehouse capacity, updated office improvements, and multiple dock and drive-in options, the space is a strong fit for operators seeking a flex-style setup that can accommodate light manufacturing, warehousing, or distribution. The availability of potential fenced or secured outside storage adds flexibility for tenants who need room for equipment, inventory, or overflow storage.
    Location Intelligence

    Current Use by Public Records

    US Veterans Administration Government Keomuan Poonsri MD Physician

    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

    • Life Storage — 1650 N Randall Rd, Aurora, IL 60506
    • Secure Document Solutions — Life Storage, 1650 N Randall Rd, Aurora, IL 60506
    • Victory Aurora Storage Facility — 1405 Sequoia Dr, Aurora, IL 60506
    • Zippy Shell Fox Valley — 100 Overland Dr, North Aurora, IL 60542

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.3419522
    Latitude
    41.7908963

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    FAQs

    What type of property is this?
    Warehouse - Divisible industrial flex space offers updated office, multiple loading options, and potential secured outdoor storage for immediate occupancy.
    Where is this warehouse located?
    The property is located at 1700 Landmark Road Aurora, IL.
    What are key features of this property?
    This property features: Divisible industrial space totaling 45,120 SF, with available sizes from 9,845 SF up to 45,120 SF; Updated office space totaling 2,315 SF and 2,820 SF, with 2,135 SF and 2,820 SF updated office called out in remarks; Loading includes 1 interior dock with leveler and 1 exterior dock, plus 4 drive‑in doors
    (708) 829-4780
    We can help!
    Listing Contact
    Jack Brennan
    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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