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    1333 Burr Ridge Pkwy, Unit 200 Burr Ridge, IL 60527

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    1333 Burr Ridge Pkwy, Unit 200 Burr Ridge, IL 60527

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    • Office buildings
    • 10.18 lot acres
    For Lease
    $22 SF/Yr
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    Burr Ridge Office Space Available For Lease
    $22 SF/Yr

    Burr Ridge Office Space Available

    Office space in park-like setting with expressway connections.

    1333 Burr Ridge Pkwy Suite 200, Burr Ridge, IL 60527
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    Property ID
    US28-1470149
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 1333 Burr Ridge Pkwy

    Year built
    1993
    Lot size
    10.18 lot acres
    Property type
    Office buildings
    APN
    18-30-300-024
    APU
    1830300024

    Description

    This exceptional Class A office property, located at 1333 Burr Ridge Pkwy Suite 200, Burr Ridge, IL 60527, offers a diverse range of workspace solutions. The 14,163 square foot building features 350 suites, with a current vacancy of 5,970 square feet, allowing for flexible leasing options ranging from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet. The building, renovated in 2019, boasts amenities including elevators and secure underground parking. Its location in DuPage County provides excellent access to Chicago's industrial corridor via expressway connections. The property's park-like setting offers inspiring views and a tranquil atmosphere, complemented by business lounges, videoconferencing facilities, and a granite outdoor seating area perfect for breaks or informal meetings. The building caters to various business needs, encompassing executive office, coworking, and creative office spaces, making it ideal for a wide range of tenants. Its proximity to downtown Chicago also provides easy access to the city's many attractions, making it a convenient location for both business and leisure. This is a truly unique opportunity to secure premium office space in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Burr Ridge
    County
    Cook
    State
    Illinois
    Longitude
    -87.9116
    Latitude
    41.7569
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $771,555
    $887,270
    $2,547,992
    $3,435,262
    -
    $3,549,080
    $10,191,968
    $13,741,048

    Comparable in this City

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    • Value Estimation
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      150 Harvester Dr Ste, Unit 100

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      Medical Office Space • 5,000 SF
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      View Details

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      View Details
    • New
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      1.00 Acre

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      Two-story commercial building in Willowbrook with high visibility.
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      Lower level bio-skills lab with specialized infrastructure and utilities.
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    • $499,000
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      Burr Ridge Land For Sale

      One acre of land available in Burr Ridge, Illinois.
      10S381 Madison St S, Burr Ridge, IL 60527
      View Details
    • $499,000
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      Prime One Acre Homesite Ready

      One-acre homesite in Burr Ridge, ready for construction.
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      Residential Land in Burr Ridge

      5.3 acres of prime land for luxury residential development.
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    Similar Nearby for Lease

    • $22 SF/Yr
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      Office space available in Burr Ridge with easy I-55 access.
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      4,742 SF

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      Recently renovated office space with flexible layouts and tenant-controlled HVAC.
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      Burr Ridge Flex Space Sublease

      2,750 SF flex unit in Burr Ridge business park.
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      Burr Ridge Location For Lease

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      2,185 SF

      Willowbrook Office Space Available

      Office space available for lease in Willowbrook, Illinois.
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      View Details
    • $16 SF/Yr

      Retail/Office Space on Kingery Highway

      In-line retail or professional space in Willowbrook, Illinois.
      10S638 S Kingery Hwy, Willowbrook, IL 60527
      View Details
    View Listing
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    Burr Ridge, IL 60527
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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.

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    1333 Burr Ridge Pkwy, Burr Ridge, IL, 60527

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