Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    344 St Paul Blvd Carol Stream, IL 60188
    Back to Search
    Property profile & analytics

    344 St Paul Blvd Carol Stream, IL 60188

    View on Map
    • Warehouses
    • 7,305 SF
    • 1.84 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 344 St Paul Blvd

    Year built
    1984
    Lot size
    1.84 lot acres
    Property size
    7,305 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 7,305-square-foot warehouse, situated on a spacious 1.84-acre lot in Carol Stream, Illinois, presents a compelling investment opportunity. Built in 1984, this single-story building boasts a 13-foot clear ceiling height, two loading docks with two dock-high doors, and ample parking for approximately 50 cars and 10 trailers. Recent renovations enhance its appeal, including a new roof (2021), HVAC system (2019), LED lighting (2024), and new windows (2024). The parking lot was also resurfaced in 2022. The property offers excellent access to I-355 and other major expressways, benefiting from a strong local workforce. This well-maintained, standalone facility is ideal for contractors, landscapers, or service companies seeking a hard-to-find, functional space. The asking price is $1,675,000, translating to $229.30 per square foot. The property features approximately 1,800 square feet of office space. The electrical service is 600A, 240V, 3-phase. This is a rare opportunity to acquire a fully renovated and well-located industrial property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carol Stream
    County
    DuPage
    State
    Illinois
    Longitude
    -88.1115
    Latitude
    41.9119

    Comparable in this City

    • Value Estimation by Request
      7,305 SF

      344 St Paul Blvd

      Distribution properties • 7,305 SF
      344 St Paul Blvd, Carol Stream, IL 60188
      View Details
    • Value Estimation by Request
      50,050 SF

      305–307 Ave

      Distribution properties • 50,050 SF
      0 305–307 Ave, Carol Stream, IL 60188
      View Details
    • Value Estimation by Request
      33,012 SF

      309 Village Dr

      Distribution properties • 33,012 SF
      309 Village Dr, Carol Stream, IL 60188
      View Details
    • Value Estimation by Request
      171,500 SF

      121 North Ave

      Distribution properties • 171,500 SF
      121 North Ave, Carol Stream, IL 60188
      View Details
    • Value Estimation by Request
      58,474 SF

      327 Gundersen Dr, Unit 1

      WAREHOUSE, STORAGE • 58,474 SF
      327 Gundersen Dr, Carol Stream, IL 60188-2402
      View Details
    • Value Estimation
      $4,345,000
      52,600 SF

      499 Phillips Ct

      MINI-WAREHOUSE, STORAGE • 52,600 SF
      499 Phillips Ct, Carol Stream, IL 60188-2170
      View Details

    Similar Nearby for Sale

    • $899,000
      0.64 Acres

      Carol Stream Commercial Investment Property

      Triple net lease property with corporate tenant and stable income.
      26w321 Saint Charles Rd, Carol Stream, IL 60188
      View Details
    • Contact for pricing
      64,285 SF

      Flex Space with Retail Exposure

      14,452 SF flex space with retail exposure available for lease.
      130 East St. Charles Rd, Carol Stream, IL 60188
      View Details
    • $999,000
      0.57 Acres

      Commercial Property with Corporate Tenant

      Triple net lease property with a large corporate tenant.
      26w287 Saint Charles Rd, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Truck and Trailer Parking Available

      Truck and trailer parking for rent with convenient highway access.
      245 Kehoe Blvd, Carol Stream, IL 60188
      View Details
    • Contact for pricing
      33,190 SF

      Industrial Property Near I-355

      Industrial property with development potential, close to I-355.
      135 Alexandra Way, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Redevelopment Opportunity on Gary Avenue

      5.27 acres of buildable land with high traffic exposure.
      Gary Ave & Lies Rd, Carol Stream, IL 60188
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      50,050 SF

      Prime Carol Stream Warehouse Space

      50,050 SF Warehouse - 17,212 SF Available
      0 305–307 Ave, Carol Stream, IL 60188
      View Details
    • Contact for pricing
      171,500 SF

      Industrial Space with Racked Storage

      Available industrial space with flexible terms and racked storage.
      121 E North Ave, Carol Stream, IL 60188
      View Details
    • Contact for pricing
      88,150 SF

      Carol Stream Industrial Space Available

      Industrial space for lease with office, docks, and drive-ins.
      238-248 Tubeway Dr, Carol Stream, IL 60188
      View Details
    • Contact for pricing
      95,320 SF

      Carol Stream Warehouse Space Available

      95,320 SF warehouse with easy access to major routes.
      725 Center Ave, Carol Stream, IL 60188
      View Details
    • Contact for pricing
      299,080 SF

      Food Grade Warehouse Space

      299,080 SF food grade warehouse with rail access.
      284 E Lies Rd, Carol Stream, IL 60188
      View Details
    • Contact for pricing

      Small Warehouse Unit with Dock

      Small warehouse unit with private dock in DuPage County.
      350 Randy Rd, Carol Stream, IL 60188
      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.
    344 St Paul Blvd
    Carol Stream, IL 60188
    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
    344 St Paul Blvd, Carol Stream, IL, 60188
    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!