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    340 Army Trail Rd Bloomingdale, IL 60108

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    340 Army Trail Rd Bloomingdale, IL 60108

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    • Lifestyle centers
    • 50,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 340 Army Trail Rd

    Property size
    50,000 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This 50,000 square foot multi-tenant retail building in Bloomingdale, Illinois, presents a significant opportunity. Currently, three suites exist within the property, located at 340 W Army Trail Rd, zip code 60108. A substantial 19,277 square feet of retail space is immediately available for lease. The building boasts a prime location with excellent visibility and accessibility. The property is strategically positioned to benefit from the upcoming arrival of Dollar Tree and Harbor Freight, two significant national retailers, which will undoubtedly increase foot traffic and enhance the overall appeal of the shopping center. The minimum leasable space is 19,277 square feet, offering flexibility for larger tenants seeking a prominent presence. This is an exceptional chance to establish a business in a thriving retail environment, alongside established and reputable national brands. The property's size and location make it ideal for a variety of retail uses, providing ample space for a flagship store or a multi-unit operation. With its high visibility and proximity to major roadways, this retail center offers unparalleled exposure to a large customer base. Interested parties are encouraged to inquire about this exceptional retail leasing opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bloomingdale
    County
    Dupage
    State
    Illinois
    Longitude
    -88.1104
    Latitude
    41.9391

    Comparable in this City

    • Value Estimation by Request
      4,500 SF

      308 Glen Ellyn Rd

      Shopping malls • 4,500 SF
      308 Glen Ellyn Rd, Bloomingdale, IL 60108
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    • Value Estimation by Request

      369 Army Trail Rd

      Neighborhood centers
      369 Army Trail Rd, Bloomingdale, IL 60108
      View Details
    • Value Estimation
      $20,580,000
      156,493 SF

      370 Army Trl Rd

      MINI-MALL • 156,493 SF
      370 Army Trl Rd, Bloomingdale, IL 60108-2359
      View Details
    • Value Estimation
      $9,350,000
      24,948 SF

      440 Army Trl Rd, Unit 50

      SHOPPING CENTER, STRIP CENTER • 24,948 SF
      440 Army Trl Rd, Bloomingdale, IL 60108-1379
      View Details
    • Value Estimation
      $10,145,000
      75,558 SF

      396 Army Trl Rd

      SHOPPING CENTER, STRIP CENTER • 75,558 SF
      396 Army Trl Rd, Bloomingdale, IL 60108-2305
      View Details
    • Value Estimation by Request
      2.21 Acres

      Lake St

      Land • 6,400 SF
      0 Lake St, Roselle, IL 60108
      View Details

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    Similar Nearby for Lease

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      Retail Space on Lake Street

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      Grocery Anchored Retail Center

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      Retail Space in Bloomingdale Square

      Prime retail location with high visibility and ample parking.
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      Bloomingdale Retail Space For Rent

      Retail space available in a premier power center in Bloomingdale.
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    340 Army Trail Rd
    Bloomingdale, IL 60108
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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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