Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    277 S Weber Rd Romeoville, IL

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $32 SF/Yr

    Retail space available in a heavily trafficked retail corridor.

    Type:RETAIL
    Property size:
    1,200 SF
    Lot size:
    1.34 Acres
    Added:
    Oct 21, 2024
    Days on Market:
    528
    Last Refresh:
    Mar 29 at 10:16 pm

    Property Features for 277 S Weber Rd

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Lot size
    1.34 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 277 S Weber Rd Contact us

    We can help!

    Listing Contact
    Matthew Tarshis

    Listing agent Matthew Tarshis

    Listing office Frontline Real Estate Partners, LLC

    Listing date Oct 21, 2024

    Source Moodyscre

    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 Frontline Real Estate Partners, LLC

    Overview

    Retail Space in Romeoville Outlot

    Retail space is available in an outlot building constructed in 2010. The building is anchored by AT&T, Hair Cuttery, Pop's Italian Beef, Poke Bros., and Pizza Hut. The location offers exposure and visibility to over 27,200 vehicles per day. Pylon signage is available. There are 45 free surface parking spaces available, providing a ratio of 4.35 spaces per 1,000 square feet. This presents an opportunity to join a heavily trafficked retail corridor with national tenants. The property has a size of 1,200 square feet.
    Location Intelligence

    Current Use by Public Records

    Pop's Italian Beef ... Restaurant

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Romeoville
    County
    Will
    State
    Illinois
    Longitude
    -88.1227
    Latitude
    41.6144

    Nearby Similar for Lease

    • $32/mo

      Retail Space in Romeoville Outlot

      Retail spaces for lease in a heavily trafficked retail corridor.
      277-297 South Weber Road, Romeoville, IL 60446
      View Details
    • Contact for pricing

      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/mo

      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

      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

      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

      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

      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
    • Contact for pricing

      New Warehouse/Distribution Facility Available

      New 460,428 SF warehouse/distribution facility in Romeoville, IL.
      251 South Pinnacle Drive, Romeoville, IL 60446
      View Details
    • Contact for pricing

      Romeoville Industrial Unit For Lease

      59,007 SF industrial unit available January 1, 2026.
      1411-1415 Enterprise Dr, Romeoville, IL 60446
      View Details
    • Contact for pricing

      Romeoville Industrial Space Available

      400,400 SF industrial space with excellent access to major interstates.
      901 Bluff Road, Romeoville, IL 60446
      View Details
    • Contact for pricing

      Expandable Industrial Units for Lease

      Two 3,500 SF industrial units, can be combined.
      805 Forestwood Drive, Units B & C, Romeoville, IL 60446
      View Details
    • Contact for pricing

      I-55 Corridor Industrial Space

      105,404 SF industrial space for lease in Romeoville.
      1186 Arbor Drive, Romeoville, IL 60446
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in a heavily trafficked retail corridor.
    Where is this retail space located?
    The property is located at 277 S Weber Rd Romeoville, IL.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: High visibility location with 27,200 vehicles per day (VPD).; Located in a heavily trafficked retail corridor with national tenants.; Anchored by established businesses: AT&T, Hair Cuttery, Pop's Italian Beef, Poke Bros. and Pizza Hut.
    (847) 542-9058
    We can help!
    Listing Contact
    Matthew Tarshis
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!