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    5400 Newport Dr Rolling Meadows, IL 60008
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    Property profile & analytics

    5400 Newport Dr Rolling Meadows, IL 60008

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    • Warehouses
    • 157,167 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Critical HVAC Systems, LLC / HVAC Service / General Contractor
    • Espresso Partners / Corporate Office
    • Platinum Pest Solutions Inc. / Garden Center
    • ChromaSpec Systems / Warehouse & Storage
    • Fyl Designs LLC / Marketing & Advertising / Advertising Agency

    Property Details for 5400 Newport Dr

    Property size
    157,167 SF
    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional 2,589 square foot single-tenant space is located at 5400 Newport Drive, Unit 12, in Rolling Meadows, Illinois, zip code 60008. The property is part of a larger building totaling 157,167 square feet and offers a blend of office and industrial space, ideal for a variety of businesses. The unit itself is classified as an Executive Office, Warehouse, and Commercial space, providing flexibility for diverse operational needs. Convenient features include three loading docks and one drive-in door, ensuring efficient loading and unloading of goods. The space is currently vacant and ready for immediate occupancy. The property boasts 100 amps of power, sufficient for most business operations. Its location in Rolling Meadows, IL offers easy access to major transportation routes and amenities, making it an attractive location for businesses seeking a strategic presence in the area. This is a rare opportunity to secure a well-appointed, versatile space in a highly desirable location. The property is available for lease. The address is 5400 Newport Drive, Unit 12, Rolling Meadows, IL 60008.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rolling Meadows
    County
    Cook
    State
    Illinois
    Longitude
    -88.0169
    Latitude
    42.0566

    Comparable in this City

    • Value Estimation by Request
      157,167 SF

      5400 Newport Dr

      Distribution properties • 157,167 SF
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      18,456 SF

      3831 Industrial Ave

      Distribution properties • 18,456 SF
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    • Value Estimation by Request
      157,167 SF

      5420 Newport Dr

      Distribution properties • 157,167 SF
      5420 Newport Dr, Rolling Meadows, IL 60008
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    • Value Estimation by Request
      157,167 SF

      5400 Newport Dr

      Industrial properties • 157,167 SF
      5400 Newport Dr, Rolling Meadows, IL 60008
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    • Value Estimation by Request
      3.56 Acres

      3737 Industrial Ave, Unit 3831

      STORAGE YARD, OPEN STORAGE • 3.56 Acres
      3737 Industrial Ave, Rolling Meadows, IL 60008-1019
      View Details
    • Value Estimation by Request
      2.40 Acres

      1801 Hicks Rd Ste D

      CONDOMINIUM OFFICES • 2.40 Acres
      1801 Hicks Rd Ste D, Rolling Meadows, IL 60008-1226
      View Details

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    Similar Nearby for Lease

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      157,167 SF

      Rolling Meadows Executive Office/Warehouse

      Prime Office & Warehouse Space Available
      5400 Newport Dr, Rolling Meadows, IL 60008
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      Rolling Meadows Flex/Industrial Space

      Flex/industrial space available for lease in Rolling Meadows, Illinois.
      5410 Newport Dr, Rolling Meadows, IL 60008
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    • $14 SF/Yr

      Warehouse with Loading Docks

      Warehouse space available with loading docks and parking.
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      130,680 SF

      Rolling Meadows Warehouse with Loading

      Warehouse space available in Rolling Meadows with loading docks.
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      102,000 SF

      Rolling Meadows Industrial Sublease Opportunity

      102,000 SF industrial space available for sublease in Rolling Meadows.
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      Rolling Meadows Office Space Available

      Office property available for rent in Rolling Meadows, Illinois.
      1600 Golf Rd, Rolling Meadows, IL 60008
      View Details
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    Rolling Meadows, IL 60008
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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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