Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2587 Sycamore - Unit F Dekalb Il DeKalb, IL 60115
    Back to Search
    Property profile & analytics

    2587 Sycamore - Unit F Dekalb Il DeKalb, IL 60115

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

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2587 Sycamore - Unit F Dekalb Il

    Year built
    2006
    Property type
    Retail properties & Spaces

    Description

    This exceptional 1,150-square-foot retail space, located at 2587 Sycamore – Unit F, presents a unique investment opportunity. Built in 2006, this single-tenant unit boasts a prime end-cap location with excellent visibility and frontage on busy Route 23. The property benefits from its strategic position within a thriving shopping center anchored by a Target and an Aldi, ensuring high foot traffic and strong consumer demographics. Its adjacency to a Starbucks further enhances its appeal and convenience for potential customers. Ample parking is readily available, and the property enjoys convenient access via a signalized intersection, contributing to ease of ingress and egress. High traffic counts in the area guarantee significant exposure for any business operating from this location. The property's single-tenant occupancy simplifies management and provides a stable income stream. This retail space is ideal for a variety of businesses seeking a high-visibility location in a bustling commercial area. The combination of excellent location, high traffic volume, and convenient amenities makes this property a truly exceptional investment opportunity. The property type is retail, and the tenancy is single.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    DeKalb
    County
    Dekalb
    State
    Illinois
    Longitude
    -88.7224
    Latitude
    41.9565

    Comparable in this City

    • Value Estimation by Request
      500,000 SF

      2058 Sycamore Rd

      Neighborhood centers • 500,000 SF
      2058 Sycamore Rd, DeKalb, IL 60115
      View Details
    • Value Estimation by Request
      27,756 SF

      2058-2068 Sycamore Rd

      Individual retail properties • 27,756 SF
      2058-2068 Sycamore Rd, DeKalb, IL 60115
      View Details
    • Value Estimation by Request
      96,283 SF

      1680-1730 Sycamore Rd

      Neighborhood centers • 96,283 SF
      1680-1730 Sycamore Rd, DeKalb, IL 60115
      View Details
    • Value Estimation by Request

      228 4Th St

      Office Spaces
      228 4Th St, DeKalb, IL 60115
      View Details
    • Value Estimation by Request
      2.47 Acres

      Greenwood Acres Dr

      Land • 2.47 Acres
      0 Greenwood Acres Dr, DeKalb, IL 60115
      View Details
    • Value Estimation by Request

      345 Augusta Ave

      Commercial real estate
      345 Augusta Ave, DeKalb, IL 60115
      View Details

    Similar Nearby for Sale

    • $749,900
      Pending

      DeKalb Golf Course Opportunity

      48+ acre site with clubhouse and income-producing units.
      6236 Il. Rte 38 Hwy, Dekalb, IL 60115
      View Details
    • $150,000
      9,324 SF

      Retail Building in Northland Plaza

      Multi-tenant retail building in a high-traffic location.
      2428 Sycamore Rd, Dekalb, IL 60115
      View Details
    • Contact for pricing
      7,200 SF

      Turnkey Salon with Expansion Potential

      Fully improved salon with suite rental income potential.
      2525 Bethany Rd, Dekalb, IL 60115
      View Details
    • Contact for pricing
      22,651 SF

      Versatile Climate-Controlled Steel Building

      3,185 sq ft flex space with loading dock.
      1796 Sycamore Rd, Dekalb, IL 60115
      View Details
    • Contact for pricing
      9,324 SF

      Retail Building in Northland Plaza

      Multi-tenant retail building with high visibility and strategic positioning.
      2428 Sycamore Rd, Dekalb, IL 60115
      View Details
    • $218,000
      0.06 Acres

      DeKalb Storefront with Apartment Potential

      Storefront with apartments in downtown DeKalb, renovation potential, new HVAC.
      157 E Lincoln Hwy, Dekalb, IL 60115
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      DeKalb Retail Space Available

      Commercial retail space for rent in DeKalb, Illinois.
      156 E Lincoln Hwy, Dekalb, IL 60115
      View Details
    • Contact for pricing
      1,400 SF

      DeKalb Retail Anchor Space Available

      Retail anchor space available near Northern Illinois University.
      2562 Sycamore Rd, Dekalb, IL 60115
      View Details
    • $8 SF/Yr

      Retail Space Near NIU Campus

      Retail spaces available near Northern Illinois University campus.
      901 Lucinda Ave, Dekalb, IL 60115
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Schnucks Anchored Center

      Retail space available in DeKalb, IL, near Interstate 88.
      901-975 S Annie Glidden Rd, Dekalb, IL 60115
      View Details
    • Contact for pricing

      Retail Space Near University

      Retail spaces available near Northern Illinois University campus.
      1015 W Lincoln Hwy, Dekalb, IL 60115
      View Details
    • Contact for pricing

      Retail Build-to-Suit Space Available

      Up to 5,000 SF retail space for lease.
      1127 W Lincoln Hwy, Dekalb, IL 60115
      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.
    2587 Sycamore - Unit F Dekalb Il
    DeKalb, IL 60115
    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
    2587 Sycamore - Unit F Dekalb Il, DeKalb, IL, 60115
    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!