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

    2248 Fry Rd, Unit 106 Naperville, IL 60563-4272

    • Industrial properties
    • 1,610 SF
    • 14.70 lot acres
    OFF-MARKET
    Last Sale
    Nov 22, 2024
    $1,350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-4903882
    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

    • A+ Roofing Co., Inc. / Roofing Contractor

    Property Details for 2248 Fry Rd

    Year built
    2016
    Lot size
    14.70 lot acres
    Property size
    1,610 SF
    Property type
    Industrial properties
    APN
    07-04-205-065
    APU
    704205065

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    Dupage
    State
    Illinois
    Longitude
    -88.2124
    Latitude
    41.8084
    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
    $5,955
    $5,870
    $83,190
    $89,060
    -
    $17,610
    $249,570
    $267,180

    Comparable in this City

    • Value Estimation
      $320,000
      1,920 SF

      2256 Fry Rdl104

      CONDOMINIUMS (INDUSTRIAL) • 1,920 SF
      2256 Fry Rdl104, Naperville, IL 60563-4273
      View Details
    • Value Estimation
      $265,000
      3,960 SF

      2368 Corporate Ln Ste, Unit 110

      CONDOMINIUMS (INDUSTRIAL) • 3,960 SF
      2368 Corporate Ln Ste, Naperville, IL 60563-9634
      View Details
    • Value Estimation
      $235,000
      1,240 SF

      2212 Fry Rdb112

      CONDOMINIUMS (INDUSTRIAL) • 1,240 SF
      2212 Fry Rdb112, Naperville, IL 60563-4130
      View Details
    • Value Estimation
      $375,000
      2,300 SF

      2224 Fry Rdc106

      CONDOMINIUMS (INDUSTRIAL) • 2,300 SF
      2224 Fry Rdc106, Naperville, IL 60563-4138
      View Details
    • Value Estimation
      $725,000
      1,240 SF

      2220 Fry Rdd112

      CONDOMINIUMS (INDUSTRIAL) • 1,240 SF
      2220 Fry Rdd112, Naperville, IL 60563-4112
      View Details
    • Value Estimation
      $190,000
      1,220 SF

      2216 Fry Rda103

      CONDOMINIUMS (INDUSTRIAL) • 1,220 SF
      2216 Fry Rda103, Naperville, IL 60563-4331
      View Details

    Similar Nearby for Sale

    • $2,650,000
      10 SF

      Ogden Avenue Commercial Building For Sale

      Commercial building with frontage on Ogden Ave in Naperville.
      1340 W Ogden Ave Naperville, Naperville, IL 60563
      View Details
    • $14,250,000
      2.74 Acres

      Naperville Entertainment Complex

      High-traffic, NNN leased entertainment venue.
      3103 Odyssey Ct, Naperville, IL 60563
      View Details
    • $695,000
      5,942 SF

      Naperville Office Condo - $695K

      Move-in ready office; 5,942 sq ft; fully furnished.
      1770 Park St, Naperville, IL 60563
      View Details
    • $299,999
      1,462 SF

      Two-Story Townhome with Full Basement

      Three-bedroom townhome with basement in Fairways of Country Lakes community.
      4S768 Pinehurst Dr, Naperville, IL 60563
      View Details
    • $235,000

      Naperville Condo in Cress Creek

      Meticulously maintained 2-bedroom condo in a desirable Naperville location.
      1125 Royal Saint George Dr, Naperville, IL 60563
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,500 SF

      Industrial Building Near I-88

      7,691 SF industrial building with fenced storage, near I-88.
      31 Diehl Rd, Naperville, IL 60563
      View Details
    • Contact for pricing

      Industrial/Office Space in Naperville

      52,196 SF industrial/office space with ample parking.
      1842 Centre Point Cir, Naperville, IL 60563
      View Details
    • Contact for pricing
      131,395 SF

      Naperville Warehouse Space Available 2026

      131,395 SF warehouse in Naperville, available April 2026.
      540 Frontenac Ct, Naperville, IL 60563
      View Details
    • Contact for pricing
      7,691 SF

      Naperville Warehouse Space Available

      7,691 SF warehouse space for lease in Naperville.
      31W356 Diehl Rd, Naperville, IL 60563
      View Details
    • $14 SF/Yr
      6,505 SF

      Industrial/Office Space in Naperville

      52,196 SF industrial/office space with ample parking.
      1841 Centre Point Cir, Naperville, IL 60563
      View Details
    • Contact for pricing
      5,018 SF

      Naperville Flex Space Near I-88

      Flex space with easy I-88 access in Naperville, Illinois.
      31W280 Diehl Rd, Naperville, IL 60563
      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.
    2248 Fry Rd, Unit 106
    Naperville, IL 60563-4272
    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.