Add Listing
    For Lease
    • 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

    3930 Ventura Dr Arlington Heights, IL 60004

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Arlington Heights Flex Space - 2,724 SF Available

    Lot size:
    54,976 SF

    Property Features for 3930 Ventura Dr

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    54,976 SF
    Total Rate
    45813.33

    Building Details

    Stories
    1

    Spaces For Lease

    at 3930 Ventura Dr, Arlington Heights, IL 60004 Contact us
    Unit Suite 200 A

    $10 /Mo

    Size
    2,724 SF
    Contact us

    We can help!

    Listing Contact
    Jason Shibata
    Jason Shibata

    Listing Agency: JBS Commercial Real Estate Listing Agent: Jason Shibata

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

    Learn more

    Property Insight Report

    Overview

    This exceptional single-story flex/R&D space, part of the Commerce Point Tech Center, offers 2,724 square feet of immediately available space within a larger 54,976 square foot building. The property boasts a 12-foot ceiling height, perfect for various uses. The space includes existing refrigeration and freezer units capable of reaching -30°C, making it ideal for lab, showroom, or food production businesses. High-power electrical service (600 amps, 3-phase) is readily available. The building features two loading docks and one drive-in door for convenient access and loading/unloading. Ample parking is provided at a ratio of 3 spaces per 1,000 square feet. The property is zoned M-1, allowing for a wide range of industrial uses. Its strategic location in Arlington Heights offers excellent access to major transportation arteries, including I-53, Dundee Road, and Lake Cook Road. The property's three suites are currently under multiple tenancies. The 2023 property taxes are $6.48 per square foot, and the 2023 operating expenses are $2.13 per square foot. This is a rare opportunity to secure high-quality flex space with existing specialized equipment in a prime Arlington Heights location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington Heights
    County
    Cook
    State
    Illinois
    Longitude
    -88.0032108
    Latitude
    42.1464693

    Nearby Similar for Lease

    • Contact for pricing

      Modern Office Space For Rent

      Modern office space with flexible plans and convenient location.
      505 E Golf Rd, Arlington Heights, IL 60005
      View Details
    • Contact for pricing

      Arlington Heights Retail Space Available

      Retail space near downtown Arlington Heights train station.
      500-550 W Northwest Hwy, Arlington Heights, IL 60004
      View Details
    • Contact for pricing

      Retail Space Near Train Station

      Remodeled retail space near downtown Arlington Heights train station.
      500-550 W Northwest Hwy, Arlington Heights, IL 60004
      View Details
    • Sponsored
      Contact for pricing

      IL, Arlington Heights - W Stonegate Blvd

      Discover many ways to work your way in Twin Towers
      3400 Stonegate Blvd, Arlington Heights, IL 60005
      View Details
    • $17 SF/Yr
      583 SF

      Arlington Heights Office Space Available

      Office space for rent with modern amenities and convenient location.
      2340 S Arlington Hts Rd, Arlington Heights, IL
      View Details
    • $22 SF/Yr
      2,797 SF

      Medical Office Space Near Hospital

      Professionally managed medical office building across from Northwest Community Hospital.
      1700 W Central Rd, Arlington Heights, IL
      View Details
    • $17 SF/Yr
      4,144 SF

      Arlington Heights Therapy Office Space

      Lower level office space with therapy rooms and private bathrooms.
      2010 S Arlington Hts Rd, Arlington Heights, IL
      View Details
    • Contact for pricing
      3,730 SF

      Retail Space in Arlington Heights

      Retail space available in established neighborhood center.
      1535-1711 W Campbell St, Arlington Heights, IL
      View Details
    • $30 SF/Yr
      27,000 SF

      Adaptable Office Space Available

      Up to 150,000 SF available for rent.
      155 E Algonquin Rd, Arlington Heights, IL
      View Details
    • Contact for pricing
      2,160 SF

      Freestanding Drive-Thru Opportunity

      Proposed freestanding drive-thru with high visibility in Arlington Heights.
      427 E Rand Rd, Arlington Heights, IL
      View Details
    • Contact for pricing
      2,160 SF

      Retail Space in Arlington Heights

      Retail space with high visibility in Arlington Heights, Illinois.
      375 E Rand Rd, Arlington Heights, IL
      View Details
    • Contact for pricing
      12,982 SF

      Retail Space on Rand Road

      Retail space available in Arlington Heights with high traffic.
      1213-1221 E Rand Rd, Arlington Heights, IL
      View Details

    FAQs

    What type of property is this?
    Flex space - Arlington Heights Flex Space - 2,724 SF Available
    Where is this flex space located?
    The property is located at 3930 Ventura Dr Arlington Heights, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Single-story flex/R&D space with existing refrigeration and freezer units.; Suitable for lab, showroom, or food production.; High-power (600 Amps, 3-phase) electrical service.
    (312) 462-1022 Call to check price and availability
    Request Owner's contact information
    3930 Ventura Dr Arlington Heights, IL 60004
    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.
    3930 Ventura Dr
    Arlington Heights, IL 60004
    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
    3930 Ventura Dr Arlington Heights, IL 60004
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Shibata
    Jason Shibata
    Real Estate License ID: 471011705
    (312) 462-1022 (312) 462-1020
    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!