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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    633 Rogers St Downers Grove, IL 60515

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Willow Tree Insurance Group / Insurance Agency
    • Farmers Insurance - Bradley Whitacre / Insurance Agency
    • Ironbase Compliance / Consultant
    • CommonSubDoc / (Bike/Boat/Book/etc) Store / Corporate Office
    • Digital Marketing | Just another WordPress site / Advertising Agency / Marketing & Advertising

    Property Details for 633 Rogers St

    Property type
    Office Properties & Spaces

    Description

    This exceptional offering presents two private office suites ideally situated in Downers Grove at 633 Rogers Street. Located in a single-story brick building, these suites boast ample natural light thanks to their windows. On-site parking is readily available for tenants and their clients, eliminating the hassle of searching for street parking. Each suite is equipped for immediate occupancy, with all utilities and high-speed WIFI included in the lease price. The building also features a shared kitchenette, perfect for preparing coffee and light meals, and a shared conference room, providing a professional space for meetings and presentations. The building's prominent location allows for excellent signage opportunities, enhancing visibility and brand recognition. This prime location offers easy access to Fairview and is within convenient walking distance to the heart of Downtown Downers Grove, providing employees with a variety of lunch options and amenities. The property is classified as a Traditional Office space with multiple tenancies, situated in DuPage County. This is an excellent opportunity for businesses seeking a well-appointed, convenient, and cost-effective office solution. The suites are ready for immediate occupancy. Inquire today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Downers Grove
    County
    Dupage
    State
    Illinois
    Longitude
    -88.001
    Latitude
    41.7964

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      950 Ogden Ave

      OFFICE (GENERAL) • 0.07 Acres
      950 Ogden Ave, Downers Grove, IL 60515-2810
      View Details
    • Value Estimation by Request

      633 Rogers St

      Office Properties & Spaces
      633 Rogers St, Downers Grove, IL 60515
      View Details
    • Value Estimation
      $815,000
      6,050 SF

      3000 Woodcreek Dr Ste, Unit 310

      CONDOMINIUM OFFICES • 6,050 SF
      3000 Woodcreek Dr Ste, Downers Grove, IL 60515-5436
      View Details
    • Value Estimation
      $565,000
      3,112 SF

      3000 Woodcreek Dr Ste, Unit 100

      CONDOMINIUM OFFICES • 3,112 SF
      3000 Woodcreek Dr Ste, Downers Grove, IL 60515-5401
      View Details
    • Value Estimation
      $510,000
      2,733 SF

      3000 Woodcreek Dr Ste, Unit 210

      CONDOMINIUM OFFICES • 2,733 SF
      3000 Woodcreek Dr Ste, Downers Grove, IL 60515-5435
      View Details
    • Value Estimation
      $4,465,000
      33,558 SF

      4924 Frst Ave

      OFFICE (GENERAL) • 33,558 SF
      4924 Frst Ave, Downers Grove, IL 60515-3508
      View Details

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    633 Rogers St
    Downers Grove, IL 60515
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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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