Office Suite for
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1751 S Naperville Road Suite 200, Wheaton, IL 60189
For sale office suite offering a dedicated space for professional uses in Wheaton, Illinois.
Property Size6,397 SF
Price / SF$156.17
Days on Market67
Property Features for 1751 S Naperville Road Suite 200
General Information
Standard status
Active
Size
6,397 SF
Class
B
Property subtype
Office
Lease Type
Gross
Listing Agency:
Sequoia Realty Group
Listed By:
Mark Levy · License #IL 471000284
Source:
Crexi
Added: Jun 4
Changed: Aug 8
Last Checked: Aug 9 at 9:39AM
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 Sequoia Realty Group
Investment Insights
Based on property information with market context.
This offering is an office suite located at 1751 S. Naperville Road, Suite 200. The property is presented for sale as office space totaling 6,397 square feet, providing a dedicated configuration for an operating business or professional tenant.
The suite is part of a commercial office building on S. Naperville Road in Wheaton, Illinois. The address is specifically identified as Suite 200, which supports day-to-day accessibility for employees and visitors who need a consistent, separate space within the building.
Designed for office-focused users, this suite can fit professional teams that require a larger footprint within a dedicated office environment. As a for-sale opportunity, it may also appeal to buyers looking to acquire an office property with an established suite designation. For prospective occupants or investors, the key practical consideration is the availability of a 6,397-square-foot office layout under the Suite 200 identification at this Wheaton location, with terms set for sale.
The suite is part of a commercial office building on S. Naperville Road in Wheaton, Illinois. The address is specifically identified as Suite 200, which supports day-to-day accessibility for employees and visitors who need a consistent, separate space within the building.
Designed for office-focused users, this suite can fit professional teams that require a larger footprint within a dedicated office environment. As a for-sale opportunity, it may also appeal to buyers looking to acquire an office property with an established suite designation. For prospective occupants or investors, the key practical consideration is the availability of a 6,397-square-foot office layout under the Suite 200 identification at this Wheaton location, with terms set for sale.
Key Highlights
- Office suite for sale in Wheaton, Illinois
- 6,397 SqFt dedicated office space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$88,204
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,764,080
$1.8M
Cap Rate 7%
$1,260,057
$1.3M
Cap Rate 9%
$980,044
$980.0K
Market Conditions
NOI Build-Up for 6,397 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$156.6K $24.48/SF
− Vacancy
−$39.0K −$6.10/SF
EGI
$117.6K $18.38/SF
− OpEx
−$29.4K −$4.60/SF
NOI
$88.2K $13.79/SF
Area
DuPage County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,764,080
Cap Rate 7%
$1,260,057
Cap Rate 9%
$980,044
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $88,204 @ 7.0% cap · market cap 8.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,601 @ 7.0% cap · market cap 15.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,189
Businesses Nearby
Explore this area
Business Placement
Demographics for 60189, IL
30,377
Population
12,397
Households
2.5
Avg Household Size
42
Median Age
66%
College-Educated
97%
High-School Grad
10.4 sq mi
ZIP Area
2,921
Density / Sq Mi
$124,886
Median Household Income
$65,143
Median Earnings
$1,747
Median Rent
$467,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - For sale office suite offering a dedicated space for professional uses in Wheaton, Illinois.
Where is this office building located?
The property is located at 1751 S Naperville Road Suite 200 Wheaton, IL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Office suite for sale in Wheaton, Illinois; 6,397 SqFt dedicated office space
