Remodeled Third-Floor Office
For Sale
$615,000
2272 95th St Unit 310, Naperville, IL 60564
Elevator access, private offices, reception space, and accessible design support professional use.
Property Size2,200 SF
Price / SF$279.55
Days on Market25
Property Features for 2272 95th St Unit 310
General Information
Standard status
Active
Size
2,200 SF
Elevators
Yes
Additional Details
Floor
3
Highway Access
Yes
Building Details
Year Built
2006
Buildings
1
Listing Agency:
Century 21 Circle
(773) 983-1553
Listed By:
Mark Ahmad · License #471007186
Source:
Bktchicago
Added: Aug 4
Changed: Aug 28
Last Checked: Aug 28 at 1:11PM
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 Century 21 Circle
Investment Insights
Based on property information with market context.
This 2,200-square-foot office unit occupies the third floor of an elevator-equipped building completed in 2006. The recently remodeled suite includes a reception area, private offices, abundant natural light, and scenic views. Its accessible design and move-in-ready condition support a range of professional office applications, including medical, dental, legal, and financial services.
Located at 2272 95th St Unit 310 in Naperville, the property offers on-site parking for employees and visitors. The setting provides access to major roads and interstates, with visibility along 95th Street and placement within Naperville’s business corridor.
Located at 2272 95th St Unit 310 in Naperville, the property offers on-site parking for employees and visitors. The setting provides access to major roads and interstates, with visibility along 95th Street and placement within Naperville’s business corridor.
Key Highlights
- 2,200‑square‑foot office unit on the third floor
- Building constructed in 2006 with elevator access
- Recently remodeled suite with reception area and private offices
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
$30,096
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
4.89%
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%
$601,920
$601.9K
Cap Rate 7%
$429,943
$429.9K
Cap Rate 9%
$334,400
$334.4K
Market Conditions
NOI Build-Up for 2,200 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
$52.8K $24.00/SF
− Vacancy
−$2.6K −$1.20/SF
EGI
$50.2K $22.80/SF
− OpEx
−$20.1K −$9.12/SF
NOI
$30.1K $13.68/SF
Area
Naperville, IL
Vacancy
5.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$601,920
Cap Rate 7%
$429,943
Cap Rate 9%
$334,400
Alternative Uses
Best Use
Healthcare Medical
$429.9K
$376.2K – $501.6K
NOI $30,096 @ 7.0% cap · market cap 4.89%
Second Best
Office B
$371.6K
$325.1K – $433.5K
NOI $26,011 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$496.6K
$434.5K – $579.4K
NOI $34,761 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
677
Businesses Nearby
Explore this area
Business Placement
Demographics for 60564, IL
45,616
Population
16,166
Households
2.8
Avg Household Size
40
Median Age
73%
College-Educated
98%
High-School Grad
16.0 sq mi
ZIP Area
2,851
Density / Sq Mi
$176,250
Median Household Income
$89,203
Median Earnings
$2,172
Median Rent
$550,400
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 units - Elevator access, private offices, reception space, and accessible design support professional use.
Where is this office units located?
The property is located at 2272 95th St Unit 310 Naperville, IL.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: 2,200‑square‑foot office unit on the third floor; Building constructed in 2006 with elevator access; Recently remodeled suite with reception area and private offices
