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    Property profile & analytics

    1355 Dundee Rd Buffalo Grove, IL 60089

    • Retail properties & Spaces
    • 6,250 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1355 Dundee Rd

    Year built
    2024
    Property size
    6,250 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional 6,250-square-foot retail space presents a unique opportunity in the thriving Buffalo Grove market. Located at 1355 Dundee Road, Cook County, Illinois, this brand-new (2024 construction) single-tenant building boasts a prime location at a signalized intersection with approximately 45,000 vehicles per day. Benefit from high visibility and accessibility with frontage on Dundee Road, just steps from Buffalo Grove High School (1,971 students). The property offers a drive-thru option, ample on-site parking, and multiple curb cuts for convenient access. Enjoy the advantage of co-tenancy with established businesses such as Walgreens, Starbucks, and Noodles & Co. This location is surrounded by a dense population base, supported by nearby residential developments including the One Wheeling Town Center (300 units) and Uptown 500 (321 units). A strong retail environment is further evidenced by the presence of Kohl's, Aldi, XSport Fitness, and many other national and local retailers. The property's flexible layout allows for various tenant configurations to suit specific business needs. This is an ideal opportunity for a business seeking high visibility and a strong customer base in a rapidly growing area. The zip code is 60089.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo Grove
    County
    Cook
    State
    Illinois
    Longitude
    -87.9885
    Latitude
    42.1388

    Comparable in this City

    • Value Estimation by Request

      43 Mchenry Rd

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      30 Dundee Rd

      Retail properties & Spaces • 2,831 SF
      30 Dundee Rd, Buffalo Grove, IL 60089
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    • Value Estimation by Request

      700 Buffalo Grv Rd

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      700 Buffalo Grv Rd, Buffalo Grove, IL 60089-3708
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    • Value Estimation by Request
      0.75 Acres

      146 Dundee Rd, Unit 50

      STORE, RETAIL OUTLET • 0.75 Acres
      146 Dundee Rd, Buffalo Grove, IL 60089-3715
      View Details
    • Value Estimation by Request
      0.46 Acres

      249 Dundee Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.46 Acres
      249 Dundee Rd, Buffalo Grove, IL 60089-3704
      View Details
    • Value Estimation by Request
      0.74 Acres

      985 Buffalo Grv Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.74 Acres
      985 Buffalo Grv Rd, Buffalo Grove, IL 60089-3702
      View Details

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    1355 Dundee Rd
    Buffalo Grove, IL 60089
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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.

    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
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