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

    200 Royce Blvd Oakbrook Terrace, IL 60181-4836

    • Hotels
    • 76,950 SF
    • 2.72 lot acres
    OFF-MARKET
    Last Sale
    Dec 27, 2023
    $10,300,000
    Value Estimations
    $8,515,000
    Show details
    Cap Rate Potential
    6.3%
    Hotels
    Location Intelligence
    Property ID
    US28-2716959
    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

    • Hotels

    Property Details for 200 Royce Blvd

    Year built
    2001
    Lot size
    2.72 lot acres
    Property size
    76,950 SF
    Zone code
    C
    Property type
    Hotels
    Property subtype
    Motels
    APN
    06-21-404-005
    APU
    621404005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,150,000
      ML approach
      $8,605,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,595,000
      6.5%
      $8,855,000
      7%
      $8,225,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,921,000
      Market price range: $5.92M - $9.93M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $7,885,000
      Current use
      RETAIL STORES
      $14,420,000
      Change: +83% Conversion: Difficult
      OFFICE BUILDING
      $12,485,000
      Change: +58% Conversion: Difficult
      WAREHOUSE, STORAGE
      $8,015,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakbrook Terrace
    County
    Dupage
    State
    Illinois
    Longitude
    -87.9815
    Latitude
    41.8493
    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
    $106,071
    $938,670
    $401,000
    $1,339,670
    -
    $2,816,010
    $1,203,000
    $4,019,010

    Comparable in this City

    • Value Estimation
      $325,000
      0.57 Acres

      350 Roosevelt Rd

      HOTEL/MOTEL • 0.57 Acres
      350 Roosevelt Rd, Villa Park, IL 60181-3552
      View Details
    • Value Estimation
      $905,000
      72,438 SF

      1st Midwest Rd

      HOTEL/MOTEL • 72,438 SF
      1st Midwest Rd, Oakbrook Terrace, IL 60181-4429
      View Details
    • Value Estimation
      $945,000
      87,956 SF

      6 Transam Plz Dr

      HOTEL/MOTEL • 87,956 SF
      6 Transam Plz Dr, Oakbrook Terrace, IL 60181-4254
      View Details
    • Value Estimation
      $5,170,000
      36,894 SF

      10 Roosevelt Rd

      HOTEL/MOTEL • 36,894 SF
      10 Roosevelt Rd, Villa Park, IL 60181-3541
      View Details
    • Value Estimation
      $325,000
      0.56 Acres

      1520 Villa Ave

      HOTEL/MOTEL • 0.56 Acres
      1520 Villa Ave, Villa Park, IL 60181
      View Details
    • Value Estimation
      $955,000
      58,816 SF

      17th Roosevelt Rd

      HOTEL/MOTEL • 58,816 SF
      17th Roosevelt Rd, Oakbrook Terrace, IL 60181-3526
      View Details

    Similar Nearby for Sale

    • $3,900,000
      3.01 Acres

      Villa Park Development Land

      3.01 Acres, R-1 Zoning, High Potential
      625 Van Buren St, Villa Park, IL 60181
      View Details
    • $275,000

      Brandywine Townhome with Patio

      Move-in ready 3-bedroom townhome with updated kitchen and patio.
      18W234 16Th St, Villa Park, IL 60181
      View Details
    • $999,000
      1.51 Acres

      Villa Park Vacant Land Site

      1.518 acre vacant land with 600 feet frontage.
      18W570 W North Ave, Villa Park, IL 60181
      View Details
    • $449,900
      0.34 Acres

      Oakbrook Terrace Commercial Property For Sale

      Commercial property in thriving business district with expressway access.
      1S221 Summit Ave, Oakbrook Terrace, IL 60181
      View Details
    • $999,000
      10,200 SF

      Villa Park Office Building

      10,200 SF renovated office, great location.
      707 Iowa Ave, Villa Park, IL 60181
      View Details
    • $469,000
      1,785 SF

      Upgraded Villa Park End Unit

      Light-filled end unit with hardwood floors and gourmet kitchen.
      248 E Kenilworth Ave, Villa Park, IL 60181
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      14,400 SF

      Oakbrook Terrace Office Space

      Class A Office Suites, Prime Location
      1S660 Midwest Rd, Oakbrook Terrace, IL 60181
      View Details
    • Contact for pricing
      1,080 SF

      Retail Space on North Avenue

      1080 SF retail space available on high-traffic North Avenue.
      80 E North Ave, Villa Park, IL 60181
      View Details
    • $32 SF/Yr
      8,183 SF

      Oakbrook Terrace Office Space Available

      Office space for rent with on-site amenities and parking.
      17W110 22Nd St, Oakbrook Terrace, IL 60181
      View Details
    • $9 SF/Yr
      5,000 SF

      Villa Park Warehouse Space Available

      5,000 SF warehouse with convenient highway access for lease.
      740 N Princeton Ave, Villa Park, IL 60181
      View Details
    • $14 SF/Yr
      232,052 SF

      Oakbrook Terrace Office Space

      Class A Office Suites, DuPage County, IL
      1815 Meyers Rd, Oakbrook Terrace, IL 60181
      View Details
    • Contact for pricing
      5,630 SF

      Jewel-Osco Anchored Retail Center

      Grocery-anchored retail spaces available. High traffic, great location.
      29 St Charles Rd, Villa Park, IL 60181
      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.
    200 Royce Blvd
    Oakbrook Terrace, IL 60181-4836
    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.