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    Naperville Commercial Sublease Opportunity Title is generated by Realmo AI

    2012 Corporate Lane, Naperville, IL 60563

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    COMMERCIAL - Naperville, IL

    Property size:
    23,979 SF
    Added:
    Mar 10, 2026
    Days on Market:
    68
    Last Refresh:
    May 16 at 4:06 pm

    Property Features for 2012 Corporate Lane

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    INDUS
    Standard status
    Active
    Size
    23,979 SF

    Building Details

    Year built
    1997
    Floors in Building
    1

    We can help!

    Listing Contact
    Charles Kirkwood

    Listing agent Charles Kirkwood License #475142955

    Listing office Coldwell Banker Real Estate Group 230 E State St., Joliet, IL

    Listing date Mar 10, 2026

    MLS# 12586398

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Below market sublease opportunity with over 4 years remaining.
    • High‑image Class A business environment.
    • 23,979 sf total space with 4,525 sf of updated office space.
    • Warehouse features: 28' clear ceiling height, ESFR sprinkler system, and four exterior docks.
    • Convenient location close to I‑88 interchanges at Winfield Road and Route 59.
    • Extensively updated office space with 10' ceilings, five private offices, and large conference rooms.

    Overview

    This sublease opportunity is located in a Class A business environment. The available space, Unit 132, totals 23,979 square feet, including 4,525 square feet of office space. The warehouse area features a 28-foot clear ceiling height and 48' x 40' column spacing. It is equipped with four exterior docks, each with 10' x 10' doors and levelers, as well as one 16' high x 12' wide drive-in door. The updated office space includes 10-foot ceilings, five private offices with 9-foot doors, and a large open bullpen area suitable for cubicles. There is a large conference room and an additional sizable conference/sample room. Other features include an entrance/foyer, reception area, kitchen, breakroom, IT room, warehouse office, and four bathrooms. Occupancy sensors are installed on the warehouse lighting for energy conservation. Fire safety is ensured with an ESFR sprinkler system. The property is located close to two full interchanges at I-88 and Winfield Road and I-88 and Route 59. Warehouse racking is available for purchase. The space can be combined with adjacent space for a total of 43,225 square feet. More than 4 years of lease term remaining.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    All-Pro Flooring General Contractor ULTIFIT Naperville Gym & Fitness Center Exela Corporate Office Shoot 360 Naperville Gym & Fitness Center Choice Manufactured Parts Big Box & Wholesale Store

    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

    • Noteable Event Productions — 1415 W Diehl Rd, Naperville, IL 60563

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    Will
    State
    Illinois
    Longitude
    -88.1890486
    Latitude
    41.8086467

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    FAQs

    What type of property is this?
    Flex space - High-image Class A space with updated office and warehouse.
    Where is this flex space located?
    The property is located at 2012 Corporate Lane Naperville, IL.
    What are key features of this property?
    This property features: Below market sublease opportunity with over 4 years remaining.; High‑image Class A business environment.; 23,979 sf total space with **4,525 sf of updated office space**.
    (815) 553-2411
    We can help!
    Listing Contact
    Charles Kirkwood
    Real Estate License ID: 475142955
    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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