Add Listing
    For Sale
    • 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

    3845 Mccoy Dr, Unit 107 Aurora, IL 60504

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $330,000

    1,588 SF office condo near Fox Valley Mall.

    Lot size:
    5.58 Acres

    Property Features for 3845 Mccoy Dr

    General Information

    Standard status
    Active
    Lot size
    5.58 Acres

    Building Details

    Year built
    2007

    We can help!

    Listing Contact
    Frank Sakelaris
    Source: Corcoran

    Listing Agency: FRANK A SAKELARIS Listing Agent: Frank Sakelaris

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Class A Office Condo

    This Class A office condo is located in Vastu Commons Office Park. The 1,588 square foot office features 4 private offices, a conference room, a kitchenette, and a washroom. Situated in a high traffic area, the condo is located blocks away from the new Block 59 restaurants and across from the Fox Valley Mall. Abundant parking is available. The property is currently tenant-occupied but could be sold for owner use or as an investment property. The property benefits from low DuPage County taxes.
    Location Intelligence

    Current Use by Public Records

    UniMind Software Solutions, ... (Bike/Boat/Book/etc) Store Cupping Alternative Medicine Practice Fox Valley TMS Medical Clinic General Psychiatry Services ... Physician iClaim Insurance Agency

    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
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.221473
    Latitude
    41.7540777

    Nearby Similar for Sale

    • $750,000
      1,313 SF

      Aurora Office Condos For Sale

      Two office condos for sale, fully built out and rented.
      3845 Mccoy Dr, Aurora, IL 60504
      View Details
    • $350,000
      1.04 Acres

      Former Union Hall Offices

      Two-story building with meeting hall, new parking, and large lot.
      412 Hankes Ave, Aurora, IL 60505
      View Details
    • $498,900
      3.26 Acres

      Medical/Professional Office Near Rush Copley

      Turnkey medical/professional office space next to Rush Copley Hospital.
      1256 Waterford Dr, Aurora, IL 60504
      View Details
    • $550,000
      0.05 Acres

      Retail Storefront in Downtown Aurora

      Retail storefront for sale or lease in downtown Aurora.
      60 S Broadway Ave, Aurora, IL 60505
      View Details
    • New
      $405,000
      0.21 Acres

      Aurora Multifamily Building with Garages

      Desirable multifamily property with apartments and garages in Aurora, IL.
      20-22 N Locust St, Aurora, IL 60506
      View Details
    • $318,500
      Pending

      Aurora Multifamily Duplex For Sale

      Two-unit property in Aurora, Illinois with income potential.
      371-373 Cedar St, Aurora, IL 60506
      View Details
    • $359,900
      0.27 Acres

      Charming Victorian Multi-Family Property

      Spacious two-unit Victorian with tenant, near schools and transportation.
      646-648 Hardin Ave, Aurora, IL 60506
      View Details
    • $359,900
      0.17 Acres

      Turn-Key 2-Flat Near Aurora University

      Updated 2-flat near Aurora University with separate utilities.
      810 W Galena Blvd, Aurora, IL 60506
      View Details
    • New
      $430,000
      0.30 Acres

      Mixed-Use Building in Downtown Aurora

      Updated mixed-use property with commercial storefront and residential apartment.
      205 W Galena Blvd, Aurora, IL 60506
      View Details
    • New
      $344,500
      0.14 Acres

      Aurora Legal Two-Unit Building

      Well-maintained two-unit building with finished basement and ample parking.
      312 S Spencer St, Aurora, IL 60505
      View Details
    • New
      $1,799,900
      0.33 Acres

      Turnkey Multifamily Investment Property

      Well-maintained 9-unit multifamily property in Aurora's Pigeon Hill neighborhood.
      304 Hankes Ave, Aurora, IL 60505
      View Details
    • $350,000
      0.18 Acres

      Mixed-Use Commercial Space with Apartment

      Two-story commercial space with apartment near downtown Aurora.
      218- S Lake St, Aurora, IL 60506
      View Details

    FAQs

    What type of property is this?
    Office units - 1,588 SF office condo near Fox Valley Mall.
    Where is this office units located?
    The property is located at 3845 Mccoy Dr, Unit 107 Aurora, IL.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: - Cost-effective ownership due to price point being lower than comparable rental rates.; - Prime location near Block 59 restaurants and across from Fox Valley Mall.; - Well-designed office space with **4 private offices, conference room, kitchenette, and washroom.**
    (630) 416-3311
    Request Owner's contact information
    3845 Mccoy Dr, Unit 107 Aurora, IL 60504
    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.
    3845 Mccoy Dr, Unit 107
    Aurora, IL 60504
    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
    3845 Mccoy Dr, Unit 107 Aurora, IL 60504
    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

    We can help!
    Listing Contact
    Frank Sakelaris
    (630) 416-3311
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!