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    Property profile & analytics

    950 Warrenville Rd Lisle, IL 60532

    • Office Properties & Spaces
    For Lease
    View listing
    $20 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Flexible Steel Lacing Co / Welder

    Property Details for 950 Warrenville Rd

    Property type
    Office Properties & Spaces

    Description

    This exceptional office property, located at 950 Warrenville Rd in Lisle, Illinois (DuPage County, zip code 60532), offers a range of move-in ready spaces ideal for businesses of all sizes. The Corporetum Office Campus I & II features both traditional and executive office suites, accommodating multiple tenants. Recent renovations have modernized the entire campus, including updated LED lighting in all tenant spaces and significant improvements to common areas and the building's exterior. The property boasts a highly visible location with available building signage along Interstate I-88, providing excellent branding opportunities. Available space ranges from a minimum of 4,852 square feet to a maximum of 42,064 square feet, offering flexibility to accommodate various business needs. This prime location in DuPage County provides easy access to major transportation routes and a thriving business community. The property is ready for immediate occupancy. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this exceptional office campus.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lisle
    County
    Dupage
    State
    Illinois
    Longitude
    -88.0702
    Latitude
    41.8092

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      1700 Ogden Ave

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    • Value Estimation by Request
      1,900 SF

      4906 Main St

      Office Properties & Spaces • 1,900 SF
      4906 Main St, Lisle, IL 60532
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    • Value Estimation by Request
      42,064 SF

      950 Warrenville Rd

      Office Properties & Spaces • 42,064 SF
      950 Warrenville Rd, Lisle, IL 60532
      View Details
    • Value Estimation by Request
      1.43 Acres

      3060-3080 Ogden Ave

      Medical offices • 1.43 Acres
      3060-3080 Ogden Ave, Lisle, IL 60532
      View Details
    • Value Estimation by Request
      27,726 SF

      3333 Warrenville Rd

      Office space • 27,726 SF
      3333 Warrenville Rd, Lisle, IL 60532
      View Details
    • Value Estimation
      $340,000
      0.27 Acres

      1601 Ogden Ave, Unit 3

      COMMERCIAL (GENERAL) • 0.27 Acres
      1601 Ogden Ave, Lisle, IL 60532-1229
      View Details

    Similar Nearby for Sale

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      24,000 SF

      Lisle Executive Office Building

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    • $1,850,000

      Lisle, IL Commercial Land Investment

      1.5-Acre Development Site, Ogden Ave
      800 Ogden Ave, Lisle, IL 60532
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    • $425,000
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      Main St. Lisle Office Condo

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    • $4,800,000
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      Lisle Office Building - $4.8M

      Class A Office, 42,064 SF, Vacant
      950 Warrenville Rd, Lisle, IL 60532
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    • $375,000
      2,400 SF

      Lisle Office Building: Prime Location

      Mid-century modern office, high visibility, 10 parking spaces.
      1700 Ogden Ave, Lisle, IL 60532
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      205,633 SF

      2400 Cabot Dr

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    Similar Nearby for Lease

    • $12 SF/Yr
      15,645 SF

      Lisle Office/Warehouse Space For Lease

      Prime DuPage County location, up to 16,000 SF.
      4951 Indiana Ave, Lisle, IL 60532
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    • $20 SF/Yr
      46,916 SF

      Lisle Office Campus: I & II

      Prime Lisle Office Space, 4,852 - 42,064 SF
      950 Warrenville Rd, Lisle, IL 60532
      View Details
    • $13 SF/Yr
      131,668 SF

      Prime Lisle Office Space Available

      Class A Office, 6 Suites, 2,423-33,096 SF
      2200 Cabot Dr, Lisle, IL 60532
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    • Contact for pricing
      8,196 SF

      Lisle Office Space for Rent

      Office space with amenities and easy tollway access.
      550-650 Warrenville Rd, Lisle, IL 60532
      View Details
    • $11 SF/Yr
      150,036 SF

      Lisle Executive Center Office Space

      Prime Lisle office space, flexible suites.
      3030 Warrenville Rd, Lisle, IL 60532
      View Details
    • $26 SF/Yr
      8,003 SF

      Lisle Office Space Available

      Office space for rent in Lisle, Illinois.
      1011 Warrenville Rd, Lisle, IL 60532
      View Details
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    950 Warrenville Rd
    Lisle, IL 60532
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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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