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    369 Army Trail Rd Bloomingdale, IL 60108
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    369 Army Trail Rd Bloomingdale, IL 60108

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    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 369 Army Trail Rd

    Property type
    Neighborhood centers
    Property subtype
    Community centers

    Description

    The Courtyard at Stratford offers five exceptional retail spaces ranging from 1,185 to 2,454 square feet, perfectly situated in a thriving DuPage County neighborhood. This neighborhood center enjoys a high-traffic location at the well-lit intersection of West Army Trail Road and Springfield Drive, boasting approximately 34,000 vehicles passing daily. The property benefits from its ideal placement within a densely populated residential area, ensuring a strong customer base. Low DuPage County taxes represent a significant advantage for prospective tenants. Furthermore, the strategic adjacency to Stratford Square Mall and numerous national retailers provides exceptional visibility and synergistic opportunities. Local ownership is committed to attracting and retaining tenants and will offer attractive incentives. This presents a unique opportunity for businesses seeking a high-visibility location with strong foot traffic and a supportive landlord. The available spaces are versatile and adaptable to a variety of retail concepts. Contact us today to learn more about these exceptional retail spaces and secure your place in this thriving commercial center.

    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
    -88.1132
    Latitude
    41.9398

    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
      50,000 SF

      340 Army Trail Rd

      Lifestyle centers • 50,000 SF
      340 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

    Similar Nearby for Sale

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      Freestanding Popeyes Restaurant Investment Opportunity

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      Bloomingdale Land Near Gary Avenue

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      Land
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    Similar Nearby for Lease

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      6,470 SF

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      Restaurant/Retail space with high traffic and multiple access points.
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      Retail space available in premier power center in Bloomingdale, IL.
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      Retail space available in a busy Bloomingdale shopping center.
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      Retail Space in Bloomingdale Square

      Prime retail location with high visibility and ample parking.
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      Grocery Anchored Retail Center

      Retail spaces available in a bustling, grocery-anchored shopping center.
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      1,500 SF

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    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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