Add Listing
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

    2323 Graham St Bartlett, IL 60103-2337

    • Commercial real estate
    • 77,010 SF
    • 29.45 lot acres
    OFF-MARKET
    Last Sale
    Feb 16, 2023
    Value Estimations
    $10,755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-3177135
    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 2323 Graham St

    Year built
    1999
    Lot size
    29.45 lot acres
    Property size
    77,010 SF
    Property type
    Commercial real estate
    APN
    06-25-400-031
    APU
    625400031

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $15,940,000
      6.5%
      $14,715,000
      7%
      $13,665,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,116,000
      Market price range: $11.1M - $57.7M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bartlett
    County
    Kane
    State
    Illinois
    Longitude
    -88.2654
    Latitude
    42.0064
    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
    $110,574
    $258,514
    $947,473
    $1,205,987
    -
    $775,542
    $2,842,419
    $3,617,961

    Comparable in this City

    • Value Estimation by Request
      0.35 Acres

      304 Hickory Ave

      COMMERCIAL (GENERAL) • 0.35 Acres
      304 Hickory Ave, Bartlett, IL 60103
      View Details
    • Value Estimation by Request
      6.29 Acres

      1020 Bartlett Rd

      Land • 6.29 Acres
      1020 Bartlett Rd, Bartlett, IL 60103
      View Details
    • Value Estimation
      $15,680,000
      81,377 SF

      1001 Stearns Rd

      COMMERCIAL (GENERAL) • 81,377 SF
      1001 Stearns Rd, Bartlett, IL 60103-4509
      View Details
    • Value Estimation by Request
      1,008 SF

      9 Rte 59

      COMMERCIAL (GENERAL) • 1,008 SF
      9 Rte 59, Bartlett, IL 60103
      View Details
    • Value Estimation
      $13,185,000
      86,781 SF

      850-92 Rt 59

      COMMERCIAL (GENERAL) • 86,781 SF
      850-92 Rt 59, Bartlett, IL 60103
      View Details
    • Value Estimation by Request
      1,484 SF

      260 Army Trl Rd Ste G

      COMMERCIAL (GENERAL) • 1,484 SF
      260 Army Trl Rd Ste G, Bartlett, IL 60103-3005
      View Details

    Similar Nearby for Sale

    • $420,000
      0.12 Acres

      Mixed-Use Commercial Building Near Metra

      Historic mixed-use building in downtown Bartlett, ideal for owner-users.
      111 W Railroad Ave, Bartlett, IL 60103
      View Details
    • $2,950,000
      19.15 Acres

      Bartlett Land: 19 Acres R4 Zoning

      Prime Bartlett development land, 19+ acres, R4 zoning.
      5N444 Bartlett Rd, Bartlett, IL 60103
      View Details
    • Contact for pricing

      Prime Retail Outlot with Drive-Thru

      Build-to-suit outlot opportunity in dynamic Bartlett retail location.
      810-892 Rte 59, Bartlett, IL 60103
      View Details
    • $6,250,000

      Bartlett Automotive Repair Shop

      Automotive repair shop with six bays for sale.
      31W222 Bartlett Rd, Bartlett, IL 60103
      View Details
    • Contact for pricing

      Bartlett Land for Development

      18.7 acres available for build to suit.
      1300 Brewster Creek Blvd, Bartlett, IL 60103
      View Details
    • Contact for pricing

      Improved Pad in Southwind Park

      3-acre improved pad site ideal for various commercial uses.
      E Middle St & Rt 25, Bartlett, IL 60103
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      155,400 SF

      Bartlett Warehouse Space Available

      155,400 SF warehouse with 36' clear height for lease.
      1350 Munger Rd, Bartlett, IL 60103
      View Details
    • $10 SF/Yr
      20,500 SF

      Devon Prospect Plaza: Bartlett Retail Space

      Prime Bartlett storefront, multiple suites available.
      355 Prospect Ave, Bartlett, IL 60103
      View Details
    • Contact for pricing

      Retail Space in Downtown Bartlett

      Versatile retail space in high-traffic area, flexible lease terms.
      338 Main St, Bartlett, IL 60103
      View Details
    • Contact for pricing
      366,573 SF

      Blue Heron Business Park: South Elgin Warehouse

      Modern Warehouse Space, Excellent Location, Immediate Occupancy
      and IL Rt. 25 Sec Kenyon Rd, South Elgin, IL 60103
      View Details
    • Contact for pricing
      10,375 SF

      Bartlett Industrial Space Available

      10,375 SF industrial suite in Bartlett, Illinois.
      1271 Humbracht Cir, Bartlett, IL 60103
      View Details
    • Contact for pricing
      2,537 SF

      Retail Spaces Available For Lease

      Retail spaces available in busy shopping center.
      799-891 S Illinois Rte 59, Bartlett, IL 60103
      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.
    2323 Graham St
    Bartlett, IL 60103-2337
    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.
    Sign Up Successful!
    You now have access to more from Realmo!