Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Modern Flex Space in Chicagoland Title is generated by Realmo AI

    2600 Forbs Avenue, Hoffman Estates, IL 60192

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    90,000 sqft flex space in the heart of Chicagoland.

    Type:Office, Industrial
    Property size:
    90,000 SF
    Added:
    Nov 2, 2024
    Days on Market:
    567
    Last Refresh:
    May 12 at 11:14 pm

    Property Features for 2600 Forbs Avenue

    General Information

    Standard status
    Active
    Size
    90,000 SF
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    2008

    We can help!

    Listing Contact
    Kelly Disser

    Listing agent Kelly Disser License #IL 475133590

    Listing office NAI Hiffman

    Listing date Nov 2, 2024

    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 NAI Hiffman

    HighLights

    • Ideal location in the heart of Chicagoland's commerce corridor.
    • Versatile space suitable for headquarters, warehouse, research facility, or office.
    • Modern design emphasizing light and nature.
    • Floor‑to‑ceiling glass offering unobstructed prairie views.
    • Abundant natural light throughout the interior.
    • Second‑floor lounge with an expansive open‑air terrace.

    Overview

    This 90,000 square foot flex space combines modern design with natural light, creating a sanctuary located in the heart of Chicagoland's commerce corridor. Floor-to-ceiling glass and translucent wall paneling in the warehouse/development space provide natural light and unobstructed views of the prairie landscaping. The second-floor lounge includes an expansive open-air terrace. It is suitable for a headquarters, warehouse, research facility, or office.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Planmeca Industrial Manufacturer Planmeca USA, INC Production Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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
    Hoffman Estates
    County
    Cook
    State
    Illinois
    Longitude
    -88.1999517
    Latitude
    42.0690031

    Nearby Similar for Sale

    • $395,000

      Dental Office Condo For Sale

      Fully built-out dental office condo in Hoffman Estates, Illinois.
      1585 Barrington Road, Suite 301, Hoffman Estates, IL 60169
      View Details
    • $16
      330,000 SF

      Northwest Suburban Single-Story Office Park

      330,000 SF office complex with abundant amenities and highway access.
      2500 West Higgins Road, Hoffman Estates, IL 60169
      View Details
    • $9,375,000
      101,769 SF

      Stabilized Shopping Center For Sale

      Well-maintained shopping center with long-term tenants and recent improvements.
      2300-56 West Higgins Road | Hoffman Estates, IL 60169
      View Details
    • $949,000
      7,594 SF

      7,594 SF Office Building with Finished Basement For Sale

      Two-story office building with finished basement in downtown Barrington.
      50 Ela Street, Barrington, IL 60010
      View Details
    • $985,000
      8,438 SF

      West Dundee Office/Retail Investment

      5,788 SF office/retail building with full basement for sale.
      180 South 8th Street, West Dundee, IL 60118
      View Details
    • $1,250,000
      8,161 SF

      Turnkey Restaurant with River Views

      Fully equipped restaurant in downtown West Dundee with scenic views.
      98 W Main St, West Dundee, IL
      View Details
    • $2,407,000
      2 SF

      New Starbucks Ground Lease Investment

      New 2024 Starbucks ground lease in Hoffman Estates, Illinois.
      2925 North Barrington Road | Hoffman Estates, IL 60192, IL 60192
      View Details
    • Contact for pricing
      72,000 SF

      Sustainable R&D Lab-Office Building

      Environmentally sustainable R&D lab-office building with controlled environments and office areas.
      2870 Forbs Avenue, Hoffman Estates, IL 60192-3702
      View Details
    • Contact for pricing
      90,000 SF

      Class A Facility in Prairie Stone

      90,000 SF Class A facility in Prairie Stone Business Park.
      2600 Forbs Ave, Hoffman Estates, IL 60192
      View Details
    • $435,000
      2,705 SF

      Move-in Ready Boutique Office Building

      Two-story office building near downtown Barrington with flexible zoning.
      438 N Hough St, Barrington, IL
      View Details
    • $985,000
      8,438 SF

      West Dundee Office Building For Sale

      8,438 SF office building in prime West Dundee location.
      180 S 8th St, West Dundee, IL
      View Details
    • $695,000
      12,309 SF

      Barrington Executive Center For Sale

      Three-unit building in downtown Barrington with long-term tenants.
      102-104 N Cook St, Barrington, IL
      View Details

    FAQs

    What type of property is this?
    Flex space - 90,000 sqft flex space in the heart of Chicagoland.
    Where is this flex space located?
    The property is located at 2600 Forbs Avenue Hoffman Estates, IL.
    What are key features of this property?
    This property features: Ideal location in the heart of Chicagoland's commerce corridor.; Versatile space suitable for headquarters, warehouse, research facility, or office.; Modern design emphasizing light and nature.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kelly Disser
    Real Estate License ID: IL 475133590
    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
    2600 Forbs Avenue, Hoffman Estates, IL 60192
    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!