Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    110 N Brockway St Palatine, IL 60067

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $25 SF/Yr ($1,345 /Mo)

    Office space available for lease in Palatine, Illinois.

    Property size:
    627 SF
    Lot size:
    0.40 Acres

    Property Features for 110 N Brockway St

    General Information

    Size
    627 SF
    Lot size
    0.40 Acres
    Source: Moodyscre

    Listing Agent: Randy Olczyk

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

    Overview

    Palatine Office Space Available

    This property offers 627 square feet of office space for rent. Located in Palatine, Illinois, at 110 N Brockway St, this space is suitable for various office uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Veronica Goodrich - Realtor ... Property Management Company Van Buren Advisors Business Development Service Nitelite Promotions Entertainment Agency Edward Jones - Financial ... Financial Consultant DeGrazia & Oefelein LLC Law Firm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.0466027
    Latitude
    42.1128497

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Palatine Center

      1500 SF retail space in high-traffic Palatine location.
      293 N Northwest Hwy, Palatine, IL 60067
      View Details
    • Contact for pricing

      Retail Space in Kildeer, IL

      Thriving Northern Suburbs location with high traffic and amenities.
      20370 Rand Rd, Palatine, IL 60074
      View Details
    • Contact for pricing

      Palatine Retail Storefront For Rent

      High visibility corner storefront with easy access and abundant parking.
      60 W Palatine Rd, Palatine, IL 60067
      View Details
    • Contact for pricing

      Retail Space in Palatine, IL

      1,050 sqft retail space available for lease.
      763 N Quentin Rd, Palatine, IL 60067
      View Details
    • Contact for pricing

      Retail Space in Palatine, IL

      2,500 sq ft retail space available for immediate occupancy.
      1296 E Dundee Rd, Palatine, IL 60074
      View Details
    • Contact for pricing

      Retail Space in Palatine, IL

      Retail space for rent at a busy Palatine intersection.
      141-189 W Northwest Hwy, Palatine, IL 60067
      View Details
    • $1,695 /Mo
      695 SF

      Renovated Condo with Modern Amenities

      Beautifully renovated condo featuring modern kitchen, in-unit laundry, and community amenities.
      1911 N Hicks Rd, Palatine, IL 60074
      View Details
    • $7 SF/Yr
      136,603 SF

      Palatine Office Suites for Lease

      Prime Palatine location, flexible suites.
      800 Northwest Hwy, Palatine, IL 60074
      View Details
    • Contact for pricing

      Retail Space in Palatine, IL

      Storefront in a bustling commercial district with modern design.
      1724 N Rand Rd, Palatine, IL 60067
      View Details
    • $24 SF/Yr
      1,200 SF

      Retail Storefronts in Palatine Center

      Two retail storefronts available in Palatine shopping center.
      317-351 E Dundee Rd, Palatine, IL 60074
      View Details
    • $2,200 /Mo

      Remodeled End Unit Apartment

      Newly remodeled 2-bedroom apartment with garage near Palatine downtown.
      115 Hamilton Dr, Palatine, IL 60067
      View Details
    • $20 SF/Yr
      137,187 SF

      Palatine Plaza: Retail & Office Space

      Prime Palatine Retail/Office Opportunity
      233 Northwest Hwy, Palatine, IL 60067
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available for lease in Palatine, Illinois.
    Where is this office space located?
    The property is located at 110 N Brockway St Palatine, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Office space available for lease; - Located in Palatine, Illinois
    (847) 338-2022
    Request Owner's contact information
    110 N Brockway St Palatine, IL 60067
    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.
    110 N Brockway St
    Palatine, IL 60067
    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.

    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
    110 N Brockway St Palatine, IL 60067
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.