Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Oakland Dr Sycamore, IL 60178
    Back to Search
    Property profile & analytics

    Oakland Dr Sycamore, IL 60178

    View on Map
    • Retail properties & Spaces
    • 157,889 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Oakland Dr

    Property size
    157,889 SF
    Property type
    Retail properties & Spaces

    Description

    Oakland Place, a thriving retail center in Dekalb County, offers prime commercial space for lease. This multi-tenant property boasts a total of 157,889 square feet, with 69,613 square feet currently vacant. Individual spaces range from a minimum of 2,306 square feet to a maximum contiguous space of 28,060 square feet, providing flexibility for various business needs. The center enjoys a highly visible location at a major retail intersection, benefiting from exceptional street presence and pylon signage opportunities. Its strong tenant mix already includes established national brands such as Target, Old Navy, Michaels, Famous Footwear, Buckle, and Hallmark Gold Crown, creating a vibrant and attractive shopping destination. The property benefits from its proximity to a significant population base (Dekalb County population: 104,897) and a large student population (Northern Illinois University enrollment: 25,000 students). Further enhancing its appeal is the recent addition of a new Northwestern Medicine Hospital (580 employees) just a short distance away. The surrounding area also features a robust retail landscape, including Kohl's, Lowe's, Best Buy, TJ Maxx, Ross, PetSmart, HomeGoods, Walmart, and Meijer, among others, creating a synergistic and high-traffic environment. This presents a unique opportunity for businesses seeking a strong location with high visibility and established customer traffic in a thriving retail corridor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sycamore
    County
    Dekalb
    State
    Illinois
    Longitude
    -88.6859
    Latitude
    42.0052

    Comparable in this City

    • Value Estimation by Request

      2688 Dekalb Ave

      Retail properties & Spaces
      2688 Dekalb Ave, Sycamore, IL 60178
      View Details
    • Value Estimation by Request
      19,000 SF

      319 State St

      Office Units • 19,000 SF
      319 State St, Sycamore, IL 60178
      View Details
    • Value Estimation by Request
      9,964 SF

      1705 Mediterranean Dr

      Medical Office Space • 9,964 SF
      1705 Mediterranean Dr, Sycamore, IL 60178
      View Details
    • Value Estimation by Request
      1.34 Acres

      Lot #7 Aberdeen Ct

      Land • 1.34 Acres
      0 Lot #7 Aberdeen Ct, Sycamore, IL 60178
      View Details
    • Value Estimation by Request
      0.70 Acres

      Plaza Dr

      Land • 0.70 Acres
      0 Plaza Dr, Sycamore, IL 60178
      View Details
    • Value Estimation by Request
      0.23 Acres

      353 Maple St

      INDUSTRIAL - VACANT LAND • 0.23 Acres
      353 Maple St, Sycamore, IL 60178-1436
      View Details

    Similar Nearby for Sale

    • $525,000
      25,500 SF

      Sycamore Commercial Building For Sale

      Renovated commercial building in downtown Sycamore with multiple possibilities.
      425 W State St, Sycamore, IL 60178
      View Details
    • New
      $535,000
      7,503 SF

      Multi-Building Commercial Investment Opportunity

      Versatile commercial property with retail, residential, and garage spaces.
      1126 E State St, Sycamore, IL 60178
      View Details
    • New
      $535,000
      7,503 SF

      Versatile Commercial Property in Sycamore

      Multi-building commercial investment with retail, storage, and residential income.
      1126 E State St, Sycamore, IL 60178
      View Details
    • $595,000

      Renovated Downtown Sycamore Event Venue

      Completely renovated 25,500 SF building in downtown Sycamore.
      425 W State St, Sycamore, IL 60178
      View Details
    • $349,900
      3,736 SF

      Downtown Sycamore Commercial Building

      3736 SF commercial building in downtown Sycamore for sale.
      325 W Elm St, Sycamore, IL 60178
      View Details
    • $684,000
      7,200 SF

      Turnkey Salon with Expansion Potential

      Fully improved salon with suite rental income potential.
      2525 Bethany Rd, Sycamore, IL 60178
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Restaurant Space For Lease

      Retail and restaurant spaces available for lease.
      265 W Peace Rd, Sycamore, IL 60178
      View Details
    • Contact for pricing

      Furnished Suites in Downtown Sycamore

      Furnished suites ideal for salon or technician in downtown Sycamore.
      127 S Sacramento St, Sycamore, IL 60178
      View Details
    • Contact for pricing

      Retail/Office Space on Route 23

      Retail/office space on high-traffic Route 23 in Sycamore, IL.
      1565 Dekalb Ave, Sycamore, IL 60178
      View Details
    • Contact for pricing
      4,900 SF

      Freestanding Bank Building on Large Site

      4,900 SF bank building on 2.03-acre site for lease.
      1425 Dekalb Ave, Sycamore, IL 60178
      View Details
    • Contact for pricing
      2,000 SF

      2,000 SF End Cap Retail

      End cap retail space available for lease.
      2030 Baron Dr, Sycamore, IL 60178
      View Details
    • $16 SF/Yr

      Retail/Office Space Near High School

      Two units available with high visibility and abundant parking.
      630 Plaza Dr, Sycamore, IL 60178
      View Details
    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.
    Oakland Dr
    Sycamore, IL 60178
    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

    Thank You for Inquiry
    Oakland Dr, Sycamore, IL, 60178
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!