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    1251 Humbracht Cir Bartlett, IL 60103

    Sponsored
    For Sale
    $1,450,000

    10,610 SF Flex Space, $1.45M

    Property size:
    10,610 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 10,610-square-foot Class A industrial condo in Bartlett, Illinois, presents a unique investment or user opportunity. Located at 1251 Humbracht Circle, Suite B, this single-story building boasts a desirable blend of warehouse and office space, approximately 35% of which is finished office space. The property features a 20-foot clear ceiling height, enhancing functionality and storage capacity. A significant advantage is the inclusion of one truck dock with a leveler and a 10' x 12' drive-in door, ensuring efficient loading and unloading. Adding to its versatility, there's approximately 2,000 square feet of mezzanine storage space. The high-quality office build-out includes upgraded finishes, perimeter offices, an open area, kitchen and lunchroom, reception area, and a conference room. The property benefits from low Kane County taxes and a high-end pre-cast exterior. The building is equipped with heavy power (120/240/480 volt 3-phase). Its prime location offers easy access to major transportation arteries including I-90, Route 290, Route 20, and Route 59, and is conveniently close to restaurants, shopping, hotels, and a strong labor pool. The asking price of $1,450,000 ($136.67 per square foot) represents a significant value, well below replacement cost. This property is ideal for owner-occupiers or investors seeking a high-quality, well-located industrial asset. The property is situated in DuPage County, Illinois, with a zip code of 60103.

    Property Features for 1251 Humbracht Cir

    General Information

    Property type
    Distribution properties
    Square Feet
    10,610 SF
    Class
    A

    Building Details

    Stories
    1
    Units
    1

    HighLights

    • 10,610 SF office/warehouse condo unit for sale; approximately 35% office build‑out, balance warehouse space; one truck dock with leveler and one 10'x12' drive‑in door; 20' clear ceiling height; skylights in warehouse; approximately 2,000 SF mezzanine storage.
    • High‑quality office build‑out with upgraded finishes.
    • Perimeter offices, open area, kitchen, lunchroom, reception, and conference room.
    • Low Kane County taxes.
    • High‑end pre‑cast exterior construction.
    • 120/240/480‑volt 3‑phase power.
    Property Profile Location Intelligence

    Current Use by Public Records

    Glenwood Tool & Mold Tool Manufacturer Insight Inc. Marketing Agency Jovanny's work Engineering Consultant Empire Abrasives Inc Equipment Supplier Bartlett Animal Hospital Veterinarian

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bartlett
    County
    DuPage
    State
    Illinois
    Longitude
    -88.2176124
    Latitude
    41.977311

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    FAQs

    What type of property is this?
    Distribution property - 10,610 SF Flex Space, $1.45M
    Where is this distribution property located?
    The property is located at 1251 Humbracht Cir Bartlett, IL.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: 10,610 SF office/warehouse condo unit for sale; approximately 35% office build-out, balance warehouse space; one truck dock with leveler and one 10'x12' drive-in door; 20' clear ceiling height; skylights in warehouse; approximately 2,000 SF mezzanine storage.; High-quality office build-out with upgraded finishes.; Perimeter offices, open area, kitchen, lunchroom, reception, and conference room.
    Request Owner's contact information
    1251 Humbracht Cir Bartlett, IL 60103
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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.

    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
    1251 Humbracht Cir Bartlett, IL 60103
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