Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    1530 Ctr Cir Downers Grove, IL 60515-1019

    • Warehouses
    • 38,571 SF
    • 1.84 lot acres
    OFF-MARKET
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-1106827
    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.

    Current Use by Public Records

    • Turf Ventures LLC / Distribution Service

    Property Details for 1530 Ctr Cir

    Year built
    1976
    Lot size
    1.84 lot acres
    Property size
    38,571 SF
    Zone code
    I
    Property type
    Warehouses
    APN
    06-30-204-030
    APU
    630204030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $610,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $679,000
      Market price range: $583k - $1.25M

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

    Location Insight

    • Map
    • Local Demand
    City
    Downers Grove
    County
    Dupage
    State
    Illinois
    Longitude
    -88.0235
    Latitude
    41.8386
    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
    2023
    $57,924
    $192,900
    $553,320
    $746,220
    -
    $578,700
    $1,659,960
    $2,238,660

    Comparable in this City

    • Value Estimation by Request
      14,706 SF

      5155 Thatcher Rd

      Distribution properties • 14,706 SF
      5155 Thatcher Rd, Downers Grove, IL 60515
      View Details
    • Value Estimation
      $585,000
      22,401 SF

      1409 Brk Dr

      WAREHOUSE, STORAGE • 22,401 SF
      1409 Brk Dr, Downers Grove, IL 60515-1026
      View Details
    • Value Estimation
      $615,000
      22,195 SF

      1500 Ctr Cir

      WAREHOUSE, STORAGE • 22,195 SF
      1500 Ctr Cir, Downers Grove, IL 60515-1019
      View Details
    • Value Estimation
      $460,000
      14,266 SF

      1424 Ctr Cir

      WAREHOUSE, STORAGE • 14,266 SF
      1424 Ctr Cir, Downers Grove, IL 60515-1021
      View Details
    • Value Estimation
      $700,000
      47,568 SF

      1441 Branding Ave

      WAREHOUSE, STORAGE • 47,568 SF
      1441 Branding Ave, Downers Grove, IL 60515-1160
      View Details
    • Value Estimation
      $995,000
      159,151 SF

      1525 Brk Dr

      WAREHOUSE, STORAGE • 159,151 SF
      1525 Brk Dr, Downers Grove, IL 60515-1024
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,740 SF

      Downers Grove Warehouse with Storage

      18,740 SF warehouse with fenced outdoor storage and office.
      5240 Thatcher Dr, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      51,200 SF

      Downers Grove Warehouse/Distribution Space

      Pristine 12,800 SF unit near I-355 and Metra.
      5365 Walnut Ave, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      72,929 SF

      Downers Grove Industrial Facility

      72,929 SF industrial facility with specialized food production capabilities.
      3131 Woodcreek Dr, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      0.88 Acres

      Ogden Ave Commercial Land - Downers Grove

      Prime Restaurant Site, 0.878 Acres, PUD Zoning
      2657 Ogden Ave, Downers Grove, IL 60515
      View Details
    • Contact for pricing

      Downers Grove Land Opportunity

      Land for sale near LA Fitness and Midwestern University.
      3300 Finley Rd, Downers Grove, IL 60515
      View Details
    • $475,000
      2,426 SF

      Redevelopment Opportunity in Downers Grove

      Former veterinary office with apartment, ideal for redevelopment.
      4945 Forest Ave, Downers Grove, IL 60515
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      46,000 SF

      Prime DuPage County Warehouse Space

      9,000 SF Warehouse; Excellent I-355 Access
      2460 Wisconsin Ave Downers Grv, Downers Grove, IL 60515
      View Details
    • $12 SF/Yr
      4,500 SF

      Downers Grove Warehouse Space Available

      Office/warehouse units with expressway access in Ellsworth Industrial Park.
      2500-2518 Wisconsin Ave, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      5,070 SF

      Downers Grove Flex Space Available

      Well-maintained flex space near I-355 and Maple Avenue.
      5201 Thatcher Rd, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      40,520 SF

      Downers Grove Warehouse For Lease

      12,000 SF Industrial Space Available
      5200 Katrine Ave, Downers Grove, IL 60515
      View Details
    • Contact for pricing
      14,706 SF

      Downers Grove Warehouse Space

      5,070 SF Industrial Space Available
      5155 Thatcher Rd, Downers Grove, IL 60515
      View Details
    • $12 SF/Yr
      46,000 SF

      Downers Grove Industrial Space

      Industrial space for lease in Ellsworth Industrial Park.
      2460-2478 Wisconsin Ave, Downers Grove, IL 60515
      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.
    1530 Ctr Cir
    Downers Grove, IL 60515-1019
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.