Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    390 E Devon Roselle, IL 60172

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

    Two-story office building near amenities and I-390 interchange.

    Type:Office
    Added:
    Sep 16, 2021
    Days on Market:
    1679
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 390 E Devon

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 390 E Devon Contact us

    Suite 200 $11 /Mo

    Size
    1,600 SF
    Type
    Office
    Lease Rate:t$11.00 SF/yr (MG)
    Contact us

    We can help!

    Listing Contact
    Edgar Cervantes
    Edgar Cervantes

    Listing agent Edgar Cervantes License #475.155966

    Listing office JBS Commercial Real Estate

    Listing date Sep 16, 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 JBS Commercial Real Estate

    Overview

    Office Building Overlooking Turner Park

    This two-story office building features a prominent window line and overlooks Turner Park, which includes bike and running trails. The building is equipped with shower facilities, catering to tenants with active lifestyles. Its location provides convenient access to restaurants, hotels, and shopping areas. Additionally, the property is situated within a quarter of a mile from a full I-390 interchange.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Roselle
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0793682
    Latitude
    41.9911287

    Nearby Similar for Lease

    • Contact for pricing

      Renovated Office Space in Roselle

      Newly renovated office space with flexible layout in Roselle.
      715 E Irving Park Road, Roselle, IL 60172
      View Details
    • Contact for pricing

      Roselle Corner Office Space

      Bright 650 SF corner office in Lake Square Plaza.
      480 W Lake Street, Roselle, IL 60172
      View Details
    • Contact for pricing

      Office Space Near Metra Station

      Highly visible office suites for lease near Roselle Metra.
      725 E Irving Park Road, Roselle, IL 60172
      View Details
    • Contact for pricing

      Roselle Retail Strip Center

      Retail spaces available in a well-located Roselle shopping center.
      731 E Nerge Road, Roselle, IL 60172
      View Details
    • Contact for pricing

      Modern Office & Warehouse Space

      High-tech office and warehouse space for lease in Roselle.
      480 W Lake Street 1, Roselle, IL 60172
      View Details
    • Contact for pricing

      Roselle Office Space For Rent

      Newly renovated 650 SF office space in Roselle, Illinois.
      490 W Lake Street, Roselle, IL 60172
      View Details
    • $20/mo

      Retail Center Near Haraz Coffee

      Retail spaces available in busy Roselle center, opening Fall 2025.
      1300-1326 W. Lake Street, Roselle, IL 60172
      View Details
    • Contact for pricing

      Modern Office and Warehouse Space

      High-tech office and warehouse space for lease in Roselle.
      480 W Lake Street, Roselle, IL 60172
      View Details
    • $12/mo

      Move-in-Ready Suites Near Metra Station

      Versatile suites in Roselle, ideal for various business needs.
      701 E Irving Park Rd, Roselle, IL 60172
      View Details
    • Contact for pricing

      Roselle Industrial Facility for Sublease

      17,176 SF Roselle facility with superior regional access.
      100 N Gary Ave, Roselle, IL 60172
      View Details
    • Contact for pricing

      Roselle Warehouse Space Available

      17,176 SF warehouse space with truck court.
      100 N Gary Ave, Roselle, IL
      View Details
    • $23/mo

      Roselle Retail Space For Rent

      Retail space in Roselle with ample parking.
      472-478 Lake St, Roselle, IL
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office building near amenities and I-390 interchange.
    Where is this office building located?
    The property is located at 390 E Devon Roselle, IL.
    What are key features of this property?
    This property features: Overlooks Turner Park with bike and running trails; Convenient location near restaurants, hotels, and shopping; Close proximity (¼ mile) to I‑390 interchange
    (312) 462-1020 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Edgar Cervantes
    Edgar Cervantes
    Real Estate License ID: 475.155966
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!