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    Modern Flex/Industrial Space in Volo Title is generated by Realmo AI

    32550 N US Hwy 12, Volo, IL 60041

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    Professionally managed flex/industrial storage and office solution in Volo, IL.

    Type:Special Purpose, Industrial, Office
    Property size:
    2,400 SF
    Added:
    Mar 10, 2026
    Days on Market:
    65
    Last Refresh:
    Mar 16 at 10:56 am

    Property Features for 32550 N US Hwy 12

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Property subtype
    Special Purpose, Industrial, Office

    Spaces For Lease

    at 32550 N US Hwy 12 Contact us

    24' x 35' $1.31 /Mo

    Size
    840 SF
    Type
    Special Purpose, Industrial, Office
    -Unit Dimensions: 24' (w) x 35' (l)n-Door size: Two (2) - 12' (w) x 12' (h)n-Door...
    show more
    Contact us

    Brand New: 15' x 40' $1.00 /Mo

    Size
    600 SF
    Type
    Special Purpose, Industrial, Office
    We offer month-to-month lease terms, prices up to 50% less per square foot than traditional...
    show more
    Contact us

    14' x 35' $1.02 /Mo

    Size
    490 SF
    Type
    Special Purpose, Industrial
    -Multiple Units Availablen-Unit Dimensions: 14' (w) x 35' (l)n-Door size: 12' (w)...
    show more
    Contact us

    14' x 45' $1.02 /Mo

    Size
    630 SF
    Type
    Special Purpose, Industrial
    -Multiple Units Availablen-Unit Dimensions: 14' (w) x 45' (l)n-Door size: 12' (w)...
    show more
    Contact us

    12' x 25' $1.21 /Mo

    Size
    300 SF
    Type
    Industrial
    -Multiple Units Availablen-Unit Dimensions: 12' (w) x 25' (l)n-Door size: 10' (w)...
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    Contact us

    12' x 30' $1.15 /Mo

    Size
    360 SF
    Type
    Industrial
    -Multiple Units Availablen-Unit Dimensions: 12' (w) x 30' (l)n-Door size: 12' (w)...
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    Contact us

    Office $14 /Mo

    Size
    420 SF
    Type
    Special Purpose, Office
    Fully built out office spacennLease rate does not include utilities, property expenses...
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    Flex Space $1.00 /Mo

    Size
    1,200 SF
    Type
    Special Purpose, Industrial, Office
    Flex Space Available that includes:n- 1,000+ SF of storage spacen- Private Bathroomn-...
    show more
    Contact us

    14' x 30' $1.03 /Mo

    Size
    420 SF
    Type
    Special Purpose, Industrial
    -Multiple Units Availablen-Unit Dimensions: 14' (w) x 30' (l)n-Door size: 12' (w)...
    show more
    Contact us

    Brand New: 18' x 50' $1.11 /Mo

    Size
    1,000 SF
    Type
    Special Purpose, Industrial, Office
    - Multiple 18’ x 50’ unitsn- 14’ x 15’ rollup doorsn- Man doorn- Service...
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    Contact us

    Flex Space 3 $0.96 /Mo

    Size
    2,400 SF
    Type
    Special Purpose, Industrial, Office
    Flex Space Available that includes:n- 2,000+ SF of storage spacen- Private Bathroomn-...
    show more
    Contact us

    Flex Space 2 $1.00 /Mo

    Size
    1,250 SF
    Type
    Special Purpose, Industrial, Office
    Flex Space Available that includes:n- 1,000+ SF of storage spacen- Private Bathroomn-...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    Justin Hall

    Listing agent Justin Hall License #OH

    Listing office Outrig Assets

    Listing date Mar 10, 2026

    Source Crexi

    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 Outrig Assets

    HighLights

    • Highly flexible occupancy with a mix of private office, flex, and drive‑up industrial units.
    • Located directly off US Highway 12 in Volo, IL, near the Volo Museum and Chain O’ Lakes area.
    • Modern, professionally managed flex/industrial storage and small‑office facility built in 2020.
    • Flex/Storage + Office suites include private restroom, office area with HVAC, and high garage doors.
    • Designed for contractors, service businesses, fleet operators, and growing companies.
    • Secure space for inventory, equipment, vehicles, and operations support.

    Overview

    This modern flex/industrial facility, constructed in 2020, is located directly off US Highway 12 in Volo, Illinois, north of the Volo Museum and near the Chain O’ Lakes area. It offers flexible occupancy options, including private offices, flex spaces, and drive-up industrial units. The property is designed for contractors, service businesses, fleet operators, and growing companies requiring secure space for inventory, equipment, vehicles, and operations support. Space options include office spaces of approximately 420 square feet, suitable for small teams, with reception/common areas and connectivity features. Flex/storage plus office suites, ranging from 1,000 to 2,400 square feet, may include a private restroom, an office area with HVAC, and high garage doors, making them ideal for a combined workspace and storage solution. Industrial drive-up units are available in various sizes, featuring roll-up doors and electric availability.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chain O'Lakes SuperStorage Storage Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Department Store Food Market Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Volo
    County
    Lake
    State
    Illinois
    Longitude
    -88.172651
    Latitude
    42.336679

    FAQs

    What type of property is this?
    Flex space - Professionally managed flex/industrial storage and office solution in Volo, IL.
    Where is this flex space located?
    The property is located at 32550 N US Hwy 12 Volo, IL.
    What are key features of this property?
    This property features: Highly flexible occupancy with a mix of private office, flex, and drive‑up industrial units.; Located directly off US Highway 12 in Volo, IL, near the Volo Museum and Chain O’ Lakes area.; Modern, professionally managed flex/industrial storage and small‑office facility built in 2020.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Justin Hall
    Real Estate License ID: OH
    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.

    More about this property
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