Contemporary Office Unit For
For Sale
Contact for pricing
28377 Davis Parkway 607, Warrenville, IL 60555
Finished office unit near Cantera shopping, restaurants, and I-88.
Property Size3,225 SF
Price / SF$175.19
Days on Market491
Property Features for 28377 Davis Parkway 607
General Information
Standard status
Active
Size
3,225 SF
Property subtype
Office, Multifamily
Zoning
S-D
Building Details
Year Built
2006
Listing Agency:
Oberheide Realty
(847) 772-1101
Listed By:
Margery Oberheide · License #IL 471001475
Source:
Crexi
Added: Apr 9, 2025
Changed: Aug 8
Last Checked: Jul 19 at 8:32AM
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 Oberheide Realty
Investment Insights
Based on property information with market context.
This contemporary Prairie Style office building features a fully finished unit with 5 private offices, 2 bathrooms, a kitchenette/break room, a conference room, and loft storage/office area. The all-brick construction provides ample parking. The property is situated within a park that houses professional, financial, and medical offices. It is adjacent to Cantera shopping, restaurants, hotels, and I-88. A rear patio overlooks a forest area and a large pond, accommodating some seating. The pond, forest, and rear patio are viewable and accessible from the rear of the office area. The monthly association fee of 953.23 includes lawn care, snow care, common area care, limited insurance, and basic garbage removal. The property size is 3225 square feet.
Key Highlights
- Fully finished office unit featuring 5 private offices, 2 bathrooms, kitchenette/break room, conference room, and loft storage/office area.
- Convenient location adjacent to Cantera shopping, restaurants, hotels, and I‑88.
- Ample parking and professional office park environment with financial and medical 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
$44,467
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
7.87%
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%
$889,340
$889.3K
Cap Rate 7%
$635,243
$635.2K
Cap Rate 9%
$494,078
$494.1K
Market Conditions
NOI Build-Up for 3,225 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
$78.9K $24.48/SF
− Vacancy
−$19.7K −$6.10/SF
EGI
$59.3K $18.38/SF
− OpEx
−$14.8K −$4.60/SF
NOI
$44.5K $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%
$889,340
Cap Rate 7%
$635,243
Cap Rate 9%
$494,078
Alternative Uses
Best Use
Office B
$635.2K
$555.8K – $741.1K
NOI $44,467 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$974.3K – $1.30M
NOI $77,941 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
Explore this area
Business Placement
Demographics for 60555, IL
13,909
Population
5,894
Households
2.4
Avg Household Size
39
Median Age
44%
College-Educated
87%
High-School Grad
8.0 sq mi
ZIP Area
1,739
Density / Sq Mi
$100,076
Median Household Income
$51,371
Median Earnings
$1,757
Median Rent
$271,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Finished office unit near Cantera shopping, restaurants, and I-88.
Where is this office units located?
The property is located at 28377 Davis Parkway 607 Warrenville, IL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Fully finished office unit featuring 5 private offices, 2 bathrooms, kitchenette/break room, conference room, and loft storage/office area.; Convenient location adjacent to Cantera shopping, restaurants, hotels, and I‑88.; Ample parking and professional office park environment with financial and medical offices.
