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

    2124 Ogden Ave, Unit 3A Aurora, IL 60504-7514

    • Commercial real estate
    • 5,307 SF
    OFF-MARKET
    Value Estimations
    $630,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-3023201
    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

    • Dr. Sonia Belani, DDS / Dental Office
    • Elite Dental Specialists / Dental Office
    • Gupana Joseph M DDS / Dental Office
    • Aunt Martha's Aurora Community Health Center / Medical Clinic
    • Mistie Drews, Counselor / Child Psychologist / Family Counselor

    Property Details for 2124 Ogden Ave

    Year built
    2009
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    5,307 SF
    Property type
    Commercial real estate
    APN
    15-36-421-017
    APU
    1536421017

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $678,000
      Market price range: $258k - $1.47M
      AI Estimate
      $432,000
      Market price range: $151k - $913k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $850,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.2636
    Latitude
    41.7316
    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
    $15,420
    $23,338
    $132,097
    $155,435
    -
    $70,014
    $396,291
    $466,305

    Comparable in this City

    • Value Estimation by Request

      Orch Rd

      COMMERCIAL (GENERAL)
      Orch Rd, Aurora, IL 60504
      View Details
    • Value Estimation by Request
      2.49 Acres

      Emily Ln

      COMMERCIAL (GENERAL) • 2.49 Acres
      Emily Ln, Aurora, IL 60504
      View Details
    • Value Estimation
      $515,000
      4,071 SF

      2124 Ogden Ave, Unit 3B

      COMMERCIAL (GENERAL) • 4,071 SF
      2124 Ogden Ave, Aurora, IL 60504-7514
      View Details
    • Value Estimation
      $21,685,000
      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
      $3,130,000
      14,297 SF

      1900 Ogden Ave Ste, Unit 202

      COMMERCIAL (GENERAL) • 14,297 SF
      1900 Ogden Ave Ste, Aurora, IL 60504-4283
      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
    • Contact for pricing

      Aurora Office Building Investment Opportunity

      Office building with 368 units in prime Aurora location.
      1847 Clubhouse Dr, Aurora, IL 60504
      View Details
    • $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
    • $3,999,999
      53,818 SF

      Two-Story, Single Tenant Office Building with Room for Expansion

      Two-Story, Single Tenant Office Building with Room for Expansion
      711 N Commons Drive, Aurora, IL 60504
      View Details
    • $3,221,400
      21,500 SF

      Aurora Office Building - $3.2M

      Prime Aurora office, 21,500 SF, 100% occupied.
      4222-4248 Meridian Pkwy, 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
      74,300 SF

      Renovated Office Space Near Metra

      Office space with lake view, fully furnished and renovated in 2022.
      Aurora, IL 60504
      View Details
    • Contact for pricing
      10,875 SF

      Rt 59 Retail Endcap Opportunity

      High-visibility retail space available.
      740 Illinois Rte 59, Aurora, IL 60504
      View Details
    • $23 SF/Yr

      Office Space Near Fox Valley

      Corner office unit near Fox Valley Mall available for rent.
      4255 Westbrook Dr, Aurora, IL 60504
      View Details
    • $28 SF/Yr

      Remodeled Salon Suites Near Mall

      Salon suites near Fox Valley Mall with high visibility.
      4470 Westbrook Dr, Aurora, IL 60504
      View Details
    • $21 SF/Yr

      Professional Office Space Available Now

      847 SF office space for immediate occupancy near highways.
      4255 Westbrook Dr, 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.
    2124 Ogden Ave, Unit 3A
    Aurora, IL 60504-7514
    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.