Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Renovated Industrial Building with Frontage Title is generated by Realmo AI

    201 E Romeo Road, Romeoville, IL 60446

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    7,750 SF light industrial building with flexible, divisible space.

    Type:Industrial
    Property size:
    7,750 SF
    Lot size:
    1.92 Acres
    Added:
    Feb 26, 2026
    Days on Market:
    100
    Last Refresh:
    Feb 26 at 10:41 pm

    Property Features for 201 E Romeo Road

    General Information

    Standard status
    Active
    Size
    7,750 SF
    Lot size
    1.92 Acres
    Property subtype
    Industrial

    We can help!

    Listing Contact
    John Whitehead

    Listing agent John Whitehead

    Listing office NAI Hiffman | Oakbrook Terrace

    Listing date Feb 26, 2026

    Source Naiglobal

    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 NAI Hiffman | Oakbrook Terrace

    HighLights

    • Fully renovated in 2026 with a new roof.
    • 7,750 SF divisible space offers flexibility for various users.
    • Ample parking with approximately 80 spaces for cars, straight trucks, and outdoor storage.
    • Four drive‑in doors (one per unit) provide convenient access.
    • Prominent 213’ frontage on Romeo Road offers excellent visibility.
    • 1.92‑acre site zoned for light industrial use.

    Overview

    This 7,750 square foot light industrial building provides flexible, divisible space. Constructed in 1987 and fully renovated in 2026, the facility measures 153 feet by 51 feet and is situated on a 1.92-acre site. The property features 213 feet of frontage along Romeo Road. The building includes a new roof and four drive-in doors, with one door per unit. Approximately 80 parking spaces are available for cars and straight trucks, and the site also accommodates outdoor storage. Zoned for light industrial use, the property's zoning does not permit trucking uses. Real estate taxes are $10,850, which is $1.40 per square foot, payable in 2025.
    Location Intelligence

    Current Use by Public Records

    FERREIRA COMPUTER REPAIR Computer & Electronic Repair Calvary International Baptist ... Church ATM Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Romeoville
    County
    Will
    State
    Illinois
    Longitude
    -88.0751926
    Latitude
    41.639503

    Nearby Similar for Lease

    • $29 SF/Yr
      1,360 SF

      Retail Spaces in Romeoville Center

      Retail and restaurant spaces available in Romeoville Towne Center.
      409-445 N Weber Rd, Romeoville, IL
      View Details
    • Contact for pricing
      460,428 SF

      New Warehouse / Distribution Facility

      460,428 SF divisible warehouse with delivery slated for Q1 2026.
      251 South Pinnacle Drive, Romeoville, IL 60446
      View Details
    • $13 SF/Yr
      40,000 SF

      Office Space with Loading Docks

      Office space available with shared loading docks in Romeoville.
      1404 Joliet Road, Romeoville, IL 60446
      View Details
    • Contact for pricing
      550 SF

      Prime Retail/Office/Medical Space Available

      High-exposure retail/office/medical space in well-maintained Romeoville center.
      109 W Romeo Rd, Romeoville, IL 60446
      View Details
    • Contact for pricing
      506,777 SF

      Industrial Distribution Facility with Office

      Divisible warehouse with 32-foot clear height, dock-high access, and dedicated office space for distribution-focused tenants.
      821 Bluff Road, Romeoville, IL 60446
      View Details
    • Contact for pricing
      7,200 SF

      Industrial Warehouse with Office

      A warehouse suite with 20-foot clear height, docks, and office space designed for efficient distribution operations.
      32 - 50 E Montrose Drive, Romeoville, IL 60446
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space on Weber Road

      Retail space available with ample parking and high traffic volume.
      402 North Weber Road, Romeoville, IL, 60446
      View Details
    • Contact for pricing
      172,042 SF

      New Industrial Buildings Nearing Completion

      Two new industrial buildings with trailer parking available.
      755-757 Independence Boulevard, Romeoville, IL 60446
      View Details
    • Contact for pricing
      105,404 SF

      I-55 Corridor Industrial Space

      105,404 SF industrial space available for lease in Romeoville.
      1186 Arbor Drive, Romeoville, IL 60446
      View Details
    • Contact for pricing
      59,007 SF

      Romeoville Industrial Unit For Lease

      59,007 SF industrial unit available April 2026.
      1411-1415 Enterprise Dr | Romeoville, IL 60446
      View Details
    • Contact for pricing
      172,042 SF

      New Industrial Buildings in Romeoville

      Two recently completed industrial buildings with trailer parking available.
      801-851 Independence Boulevard, Romeoville, IL 60446
      View Details
    • Contact for pricing
      7,000 SF

      Industrial Unit Near I-55/I-355

      3,500 SF industrial unit with convenient highway access.
      805 Forestwood Drive, Units B & C, Romeoville, IL 60446
      View Details

    FAQs

    What type of property is this?
    Flex space - 7,750 SF light industrial building with flexible, divisible space.
    Where is this flex space located?
    The property is located at 201 E Romeo Road Romeoville, IL.
    What are key features of this property?
    This property features: Fully renovated in 2026 with a new roof.; **7,750 SF divisible space offers flexibility for various users.**; Ample parking with approximately 80 spaces for cars, straight trucks, and outdoor storage.
    (773) 810-9446
    We can help!
    Listing Contact
    John Whitehead
    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
    201 E Romeo Road | Romeoville, IL 60446
    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!