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    1444 N Farnsworth Ave Aurora, IL 60505
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    Property profile & analytics

    1444 N Farnsworth Ave Aurora, IL 60505

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    • Office Spaces
    • 50,298 SF
    • 1.63 lot acres
    For Lease
    $17 SF/Yr
    View Listing →
    Multi-Tenant Office Building For Lease For Lease
    $17 SF/Yr
    52,000 SF

    Multi-Tenant Office Building For Lease

    Six-story, 52,000 SF office building near I-88.

    1444 N Farnsworth Ave, Aurora, IL 60505
    View Listing
    Property ID
    US28-2255215
    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
    $2,045,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Beast Communications LLC - Unlocked Verizon At&t T-Mobile Cell Phones For Sale In Aurora Illinois / Mobile Phone Store / Electronics & Wireless Store
    • SDC CPAs, LLC / Accounting Firm / Tax Preparation
    • BioMetric Impressions Aurora/Naperville / Fingerprinting Service
    • Scoutware / (Bike/Boat/Book/etc) Store / Corporate Office
    • Bennett Law Offices / Law Firm

    Property Details for 1444 N Farnsworth Ave

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.63 lot acres
    Property size
    50,298 SF
    Property type
    Office Spaces
    APN
    15-11-426-039
    APU
    1511426039

    Description

    This exceptional Class A office building, located at 1444 N Farnsworth Ave in Aurora, Illinois, offers a prime opportunity for businesses seeking versatile and modern workspace. The six-story Farnsworth Office Center boasts a total of 57,000 square feet, with 38,007 square feet currently available for lease. Spaces are divisible to a minimum of 1,093 square feet, with a maximum contiguous space of 8,474 square feet, catering to a range of business sizes and needs. The building's convenient location offers easy access to I-88 via the Farnsworth Ave exit and proximity to the Premium Outlet Mall. Tenants will enjoy the benefit of a fully-serviced conference center, a state-of-the-art fitness center, and a comfortable tenant lounge, enhancing productivity and employee well-being. This multi-tenant building provides a professional and amenity-rich environment in the desirable Kane County market, making it an ideal location for businesses seeking a strategic and convenient address. The building's modern design and high-quality finishes reflect its Class A designation, ensuring a sophisticated and productive work environment. Contact us today to explore leasing options and secure your space in this exceptional Aurora office building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,860,000
      ML approach
      $2,225,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.2828
    Latitude
    41.7879
    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
    $46,144
    $40,156
    $567,175
    $607,331
    -
    $120,468
    $1,701,525
    $1,821,993

    Comparable in this City

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    • Value Estimation by Request
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    • Value Estimation
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      1.13 Acres

      Corporate Blvd

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      View Details
    • Value Estimation by Request
      1.01 Acres

      1225 Corporate Blvd Ste, Unit 102

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      1225 Corporate Blvd Ste, Aurora, IL 60505-7614
      View Details
    • Value Estimation
      $3,345,000
      19,282 SF

      1050 Corporate Blvd

      OFFICE (GENERAL) • 19,282 SF
      1050 Corporate Blvd, Aurora, IL 60505-6423
      View Details
    • Value Estimation
      $820,000
      62,928 SF

      1225 Corporate Blvd

      OFFICE (GENERAL) • 62,928 SF
      1225 Corporate Blvd, Aurora, IL 60505-7608
      View Details

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      Multi-Tenant Office Building For Lease

      Six-story, 52,000 SF office building near I-88.
      1444 N Farnsworth Ave, Aurora, IL 60505
      View Details
    • Contact for pricing

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    View Listing
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    Aurora, IL 60505
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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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