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    Rochelle Office Space For Lease Title is generated by Realmo AI

    1211 Currency Court, Rochelle, IL 61068

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    Office space available in Rochelle, Illinois near Highway 38.

    Type:Office
    Property size:
    820 SF
    Added:
    Aug 6, 2021
    Days on Market:
    1741
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 1211 Currency Court

    General Information

    Standard status
    Active
    Size
    820 SF
    Property subtype
    Office

    Building Details

    Year Built
    2000

    Spaces For Lease

    at 1211 Currency Court Contact us

    $0.36 /Mo

    Size
    3,238 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Sherry Murphy
    Sherry Murphy

    Listing agent Sherry Murphy License #IL 475.110536

    Listing office Hayden Real Estate, Inc.

    Listing date Aug 6, 2021

    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 Hayden Real Estate, Inc.

    HighLights

    • Excellent location: Just north of Highway 38 and 1 mile west of Interstate 39, offering great access and visibility.
    • Durable, low‑maintenance all brick construction.
    • Building has 3 units, offering leasing opportunities and potential income.
    • Potential to combine two available units (820 sqft and 1822 sqft) into a larger space.
    • 820 sqft unit previously used as a Physical Rehab Clinic, suitable for similar businesses or adaptable.
    • Incentive: Free 3‑month rental period upon lease signing.

    Overview

    This all-brick office building offers lease space and is situated just one building north of Highway 38 in Rochelle, Illinois, providing good access and visibility. It is also located approximately 1 mile west of Interstate 39. The building comprises three units and a common vestibule area with two bathrooms. One available unit, previously used as a Physical Rehab Clinic, measures 820 square feet. It features a large open space with a reception area and the potential for a large office or conference room that is partially enclosed at the rear. The current tenant in the building is a physical rehab clinic, which moved to a larger space within the same building. An additional unit of 1822 square feet is also available for lease. The two available spaces are side by side, offering the potential to combine them into a larger unit. The owner is seeking a 3-5 year lease and will allow a free 3-month rental period upon signing the lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Northern Rehab Physical ... Medical Clinic Janet Truckenbrod Sarver, ... Physician Liza Piper Physician Emergency Dentist 24/7 ... Dental Office Dr. Denis Anderson Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Similar Places Nearby

    • Rochelle Veterinary Hospital — 1381 N 7th St, Rochelle, IL 61068
    • Rochelle Veterinary Hospital: Malaker Eric L DVM — 1381 N 7th St A, Rochelle, IL 61068

    Location Insight

    • Map
    • Local Demand
    City
    Rochelle
    County
    Ogle
    State
    Illinois
    Longitude
    -89.056231
    Latitude
    41.935146

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    FAQs

    What type of property is this?
    Medical Office Space - Office space available in Rochelle, Illinois near Highway 38.
    Where is this medical office space located?
    The property is located at 1211 Currency Court Rochelle, IL.
    What are key features of this property?
    This property features: Excellent location: Just north of Highway 38 and 1 mile west of Interstate 39, offering great access and visibility.; Durable, low‑maintenance all brick construction.; Building has 3 units, offering leasing opportunities and potential income.
    (815) 562-2111 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sherry Murphy
    Sherry Murphy
    Real Estate License ID: IL 475.110536
    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.

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