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

    1900 Ogden Ave Ste, Unit 202 Aurora, IL 60504-4283

    • Commercial real estate
    • 14,297 SF
    OFF-MARKET
    Last Sale
    Nov 06, 2023
    Value Estimations
    $375,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-3160028
    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

    • Commercial real estate

    Property Details for 1900 Ogden Ave Ste

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    14,297 SF
    Property type
    Commercial real estate
    APN
    15-36-378-002
    APU
    1536378002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.273
    Latitude
    41.7284
    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
    $92,234
    $0.00
    $1,213,955
    $1,213,955
    -
    $0.00
    $3,641,865
    $3,641,865

    Comparable in this City

    • Value Estimation by Request

      Orch Rd

      COMMERCIAL (GENERAL)
      Orch Rd, Aurora, IL 60504
      View Details
    • Value Estimation
      $260,000
      2.49 Acres

      Emily Ln

      COMMERCIAL (GENERAL) • 2.49 Acres
      Emily Ln, Aurora, IL 60504
      View Details
    • Value Estimation
      $330,000
      4,071 SF

      2124 Ogden Ave, Unit 3B

      COMMERCIAL (GENERAL) • 4,071 SF
      2124 Ogden Ave, Aurora, IL 60504-7514
      View Details
    • Value Estimation
      $790,000
      233,437 SF

      1790 Clubhouse Dr

      COMMERCIAL (GENERAL) • 233,437 SF
      1790 Clubhouse Dr, Aurora, IL 60504-5353
      View Details
    • Value Estimation by Request

      2150 Ogden Ave, Unit 2210

      COMMERCIAL (GENERAL)
      2150 Ogden Ave, Aurora, IL 60504-7215
      View Details
    • Value Estimation
      $1,810,000
      8,146 SF

      949 Waterford Dr

      COMMERCIAL (GENERAL) • 8,146 SF
      949 Waterford Dr, Aurora, IL 60504-4361
      View Details

    Similar Nearby for Sale

    • $1,099,000
      3.47 Acres

      Aurora Commercial Land - Ogden & Ridge

      Prime 3.47-acre commercial lot, high visibility.
      0 Sec Of Ogden Ave. And Rdg Ave, Aurora, IL 60504
      View Details
    • $1,699,999
      6,400 SF

      Aurora Multi-Unit Investment Opportunity

      Four-unit building, high-return potential.
      3949 75Th St, Aurora, IL 60504
      View Details
    • New
      $750,000
      1,313 SF

      Aurora Office Condos For Sale

      Two office condos for sale, fully built out and rented.
      3845 Mccoy Dr, Aurora, IL 60504
      View Details
    • $9,000,000

      Land Near Fox Valley Mall

      Land with development potential near Route 59 and I-88.
      3855 W Ogden Ave, Aurora, IL 60504
      View Details
    • Contact for pricing

      Land For Retail Use

      Unincorporated Aurora land zoned for retail use with high visibility.
      1650 Northpoint Dr, Aurora, IL 60504
      View Details
    • $1,180,000

      Turn-Key Uvita Hospitality Property

      Centrally located property with furnished cabinas and expansion potential.
      Tropical Jungle Oasis, Aurora, IL 60504
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr

      Salon Suites at Fox Valley

      Remodeled salon suites near Fox Valley Mall, Aurora, IL.
      4470 Westbrook Dr, Aurora, IL 60504
      View Details
    • $14 SF/Yr
      7,911 SF

      Aurora Office Space Available

      7,911 square foot office space for lease.
      550 N Commons Dr, Aurora, IL 60504
      View Details
    • $14 SF/Yr
      74,300 SF

      Renovated Office Space Near Metra

      Corporate headquarters environment with recent renovations and Metra access.
      975 Meridian Lake Dr, Aurora, IL 60504
      View Details
    • $2,795 /Mo

      Spacious End Unit Home Rental

      Bright 3-bedroom home in Ogden Pointe, top-rated school district.
      3499 Ravinia Cir, Aurora, IL 60504
      View Details
    • $25 SF/Yr
      42,000 SF

      Ogden Ave Medical Office Space

      Prime Aurora medical office suites available.
      2124 Ogden Ave, Aurora, IL 60504
      View Details
    • Contact for pricing
      4,500 SF

      Restaurant Endcap with Interstate Visibility

      4,500 SF restaurant space in a high-traffic outlet center.
      1650 Premium Outlet Blvd | Aurora, Aurora, IL 60504
      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.
    1900 Ogden Ave Ste, Unit 202
    Aurora, IL 60504-4283
    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.