Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Barrington Office Space For Rent Title is generated by Realmo AI

    509 W Main St, Barrington, IL 60010

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office space available for rent in Barrington, Illinois.

    Type:OFFICE
    Property size:
    325 SF
    Lot size:
    0.23 Acres
    Added:
    Nov 15, 2024
    Days on Market:
    568
    Last Refresh:
    May 19 at 9:02 pm

    Property Features for 509 W Main St

    General Information

    Standard status
    Active
    Size
    325 SF
    Lot size
    0.23 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 509 W Main St Contact us

    We can help!

    Listing Contact
    Randy Olczyk

    Listing agent Randy Olczyk License #471018001

    Listing office Chicagoland Commercial Real Estate

    Listing date Nov 15, 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 Chicagoland Commercial Real Estate

    HighLights

    • Office space available for rent
    • Located in Barrington, Illinois

    Overview

    This property offers office space for rent, encompassing a total area of 325 square feet. Located on W Main St in Barrington, Illinois, the property is suitable for office-related activities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Barrington
    County
    Cook
    State
    Illinois
    Longitude
    -88.1457
    Latitude
    42.154

    Nearby Similar for Lease

    • Contact for pricing
      60,000 SF

      Historic Ice House Mall Space

      Retail and office spaces available in historic Barrington mall.
      200 Applebee Street, Barrington, IL 60010
      View Details
    • Contact for pricing
      1,773 SF

      Barrington Office Space For Lease

      Office units available in downtown Barrington near Metra station.
      50 Ela Street, Barrington, IL 60010
      View Details
    • Contact for pricing

      Commercial Space in Barrington, IL

      Commercial space for rent in Barrington, Illinois.
      200 N Northwest Highway, Barrington, IL 60010
      View Details
    • Contact for pricing

      Office Space in Barrington, IL

      Commercial office space available for rent in Barrington, Illinois.
      200 N Northwest Highway, Barrington, IL 60010
      View Details
    • $22 SF/Yr
      945 SF

      Barrington Storefront on Main Street

      Storefront property in close proximity to downtown Barrington.
      429 W Main Street #429, Barrington, IL 60010
      View Details
    • $297 SF/Yr
      3,887 SF

      Barrington Office Suites For Lease

      Multiple private office suites available in a well-maintained office park.
      720 Fox Glen Ct, Barrington, IL
      View Details
    • Contact for pricing

      Barrington Commercial Building For Rent

      Free-standing commercial building with high visibility and ample parking.
      400 W Northwest Highway, Barrington, IL 60010
      View Details
    • Contact for pricing
      12,610 SF

      Mixed-Use Development Retail Space

      Premier retail space in a new mixed-use development.
      200 N Hough St | Barrington, IL 60010
      View Details
    • Contact for pricing
      1,702 SF

      Barrington Commercial Space For Rent

      Ground floor retail/office space in a high-traffic location.
      148 S Northwest Highway, Barrington, IL 60010
      View Details
    • Contact for pricing

      Barrington Office Space For Rent

      Office space in the heart of downtown Barrington Village.
      202 S Cook Street, Barrington, IL 60010
      View Details
    • Contact for pricing

      Downtown Barrington Office Space Available

      Office space in the heart of downtown Barrington.
      202 S Cook Street, Barrington, IL 60010
      View Details
    • Contact for pricing

      Barrington Office Space For Rent

      Office space in the heart of downtown Barrington, Illinois.
      202 S cook Street, Barrington, IL 60010
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available for rent in Barrington, Illinois.
    Where is this office units located?
    The property is located at 509 W Main St Barrington, IL.
    What are key features of this property?
    This property features: Office space available for rent; Located in Barrington, Illinois
    (847) 338-2022 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Randy Olczyk
    Real Estate License ID: 471018001
    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

    Thank You for Inquiry
    509 W Main St, Barrington, IL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!