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

    4885 Hoffman Blvd Hoffman Estates, IL 60192

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

    Newly constructed office building with modern amenities and convenient location.

    Type:Office
    Added:
    Aug 5, 2021
    Days on Market:
    1728
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 4885 Hoffman Blvd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 4885 Hoffman Blvd Contact us

    2nd Floor $20 /Mo

    Size
    15,000 SF
    Type
    Office
    Contact us

    3rd Floor $20 /Mo

    Size
    15,000 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Theron May

    Listing agent Theron May License #IL 471.019986

    Listing office Imperial Realty Company

    Listing date Aug 5, 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 Imperial Realty Company

    Overview

    New Class A Office Building

    The property at 4885 Hoffman Blvd is a newly constructed, four-story, Class A office building available for lease. It features amenities such as an on-site fitness center, conference rooms, and a cafe. The building provides convenient access and high visibility from I-90 at IL-59. Several hospitals are located nearby, including St. Alexius, Sherman, Presence St. Joseph, Advocate Good Shepherd, and Northwest Community. The property's location near Prairie Stone, Arboretum, and Popular Creek shopping centers promotes work-life balance. A variety of dining options are located less than a mile away, including Pinstripes, Chipotle Mexican Grill, Noodles & Co, Buffalo Wild Wings, Potbelly, Red Robin Gourmet Burgers, Jimmy Johns, Panda Express, and Panera Bread. A brand new Pace Bus stop is coming to the building. Barrington residents have taken special care to integrate 21st-century advances with the community's existing local culture.
    Location Intelligence

    Current Use by Public Records

    Hoffman Estates VA ... Medical Clinic Northwestern Medicine Liver ... Physician Callie Marie Dahleen ... Physician Kelly Jane Boyle ... Physician Natalia Waz Physician

    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
    -88.1987908
    Latitude
    42.0676385

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Busy Center

      Retail space available in a busy Hoffman Estates center.
      1015 W GOLF Road, Hoffman Estates, IL 60169
      View Details
    • Sponsored
      Contact for pricing

      IL, Hoffman Estates - Prairie Stone Pkwy

      5400 Prairie Stone Pkwy, Hoffman Estates, IL 60192
      View Details
    • Sponsored
      Contact for pricing

      Prairie Stone

      2815 Forbs Ave, Unit 107, Hoffman Estates, IL 60192
      View Details
    • Contact for pricing

      Hoffman Estates Neighborhood Shopping Center

      Neighborhood shopping center with ample parking and fenced area.
      1471-1473 Glen Lake Road, Hoffman Estates, IL 60169
      View Details
    • Contact for pricing

      Retail Space in Busy Center

      1500 SqFt retail space in a busy Hoffman Estates center.
      1013 W GOLF Road, Hoffman Estates, IL 60169
      View Details
    • $25 SF/Yr

      Dental Office Condo for Lease

      Turn-key dental office condo in Hoffman Estates for lease.
      1585 Barrington Road, Suite 301, Hoffman Estates, IL 60169
      View Details
    • $10 SF/Yr

      Hoffman Estates Office/Medical Space Available

      Well-maintained office/medical buildings near I-90 and St. Alexius Hospital.
      3100 & 3150 W. Higgins Road, Hoffman Estates, IL 60169
      View Details
    • $850/Mo

      Downtown West Dundee Office Suites

      Two recently renovated office suites available for rent.
      106 W Main St, West Dundee, IL
      View Details
    • $18 SF/Yr

      Medical Office Suites in Hoffman Estates

      Move-in-ready medical suites in Hoffman Estates' medical corridor.
      2260 West Higgins Road, Hoffman Estates, IL 60169
      View Details
    • $17 SF/Yr

      Class A Medical Office Building

      Four-story medical office building with modern finishes and abundant parking.
      1600 North Randall Road, Elgin, IL 60123
      View Details
    • $20 SF/Yr

      Retail Space in Lake Zurich

      Retail property in established Lake Zurich retail corridor for lease.
      41 - 193 South Rand Road, Lake Zurich, IL 60047
      View Details
    • Contact for pricing

      Class A Facility in Hoffman Estates

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

    FAQs

    What type of property is this?
    Office building - Newly constructed office building with modern amenities and convenient location.
    Where is this office building located?
    The property is located at 4885 Hoffman Blvd Hoffman Estates, IL.
    What are key features of this property?
    This property features: Newly constructed "Class A" office building.; Easy access and great exposure to I‑90 at IL‑59.; Enjoy on‑site amenities, including a fitness center, conference rooms, and cafe.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Theron May
    Real Estate License ID: IL 471.019986
    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!