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

    2nd State Rte 59 Warrenville, IL 60555-1459

    • Commercial real estate
    • 33,394 SF
    • 3.58 lot acres
    OFF-MARKET
    Last Sale
    May 09, 2022
    $4,100,000
    Value Estimations
    $4,985,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2696581
    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 2nd State Rte 59

    Year built
    1990
    Construction
    BRICK
    Lot size
    3.58 lot acres
    Property size
    33,394 SF
    Zone code
    C
    Property type
    Commercial real estate
    APN
    04-27-304-123
    APU
    427304123

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,090,000
      ML approach
      $5,065,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,664,000
      Market price range: $2.78M - $5.94M
      AI Estimate
      $3,149,000
      Market price range: $945k - $5.10M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,275,000
      Current use
      MEDICAL BUILDING
      $7,520,000
      Change: +76% Conversion: Easy
      RETAIL STORES
      $7,195,000
      Change: +68% Conversion: Easy
      OFFICE BUILDING
      $5,985,000
      Change: +40% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $3,890,000
      Change: -9% Conversion: Moderate
      WAREHOUSE, STORAGE
      $3,480,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Warrenville
    County
    Dupage
    State
    Illinois
    Longitude
    -88.2022
    Latitude
    41.8307
    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
    $84,016
    $312,160
    $787,820
    $1,099,980
    -
    $936,480
    $2,363,460
    $3,299,940

    Comparable in this City

    • Value Estimation
      $420,000
      3,675 SF

      3rd State Rte 59

      COMMERCIAL (GENERAL) • 3,675 SF
      3rd State Rte 59, Warrenville, IL 60555-1445
      View Details
    • Value Estimation
      $490,000
      5,334 SF

      28th Warrenville Rd

      COMMERCIAL (GENERAL) • 5,334 SF
      28th Warrenville Rd, Warrenville, IL 60555-3355
      View Details
    • Value Estimation
      $435,000
      2,235 SF

      3rd Batavia Rd

      COMMERCIAL (GENERAL) • 2,235 SF
      3rd Batavia Rd, Warrenville, IL 60555-3305
      View Details
    • Value Estimation
      $805,000
      33,066 SF

      30th Butterfield Rd

      COMMERCIAL (GENERAL) • 33,066 SF
      30th Butterfield Rd, Warrenville, IL 60555-1513
      View Details
    • Value Estimation
      $745,000
      27,649 SF

      2nd State Rte 59

      COMMERCIAL (GENERAL) • 27,649 SF
      2nd State Rte 59, Warrenville, IL 60555-1558
      View Details
    • Value Estimation
      $420,000
      8,000 SF

      3rd State Rte 59

      COMMERCIAL (GENERAL) • 8,000 SF
      3rd State Rte 59, Warrenville, IL 60555
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.20 Acres

      Cantera Outlot: Prime I-88 Land

      2.2-acre commercial land, high visibility.
      0 Swc I-88 & Diehl Rd, Naperville, IL 60555
      View Details
    • Contact for pricing
      20.00 Acres

      Warrenville Commercial Land - 20 Acres

      Prime 20-acre commercial land, ideal for development.
      0 Rte 59 & Butterfield Rd, Warrenville, IL 60555
      View Details
    • $520,000
      3,109 SF

      Well-Appointed Office with Patio

      Office space featuring custom furnishings, patio, and ample parking.
      28365 Davis Pkwy, Warrenville, IL 60555
      View Details
    • Contact for pricing
      1 SF

      Development Site Near I-88

      Naperville Township development site with strong traffic and demographics.
      1.17 Acres Fry Rd, Warrenville, IL 60555
      View Details
    • Contact for pricing
      60,000 SF

      Cantera Pointe Office Space

      Office space for lease in Cantera Business Park.
      4355 Weaver Pkwy, Warrenville, IL 60555
      View Details
    • $299,000
      1,415 SF

      Renovated Townhome in Warrenville Lakes

      Modern, renovated townhome with chef's kitchen and abundant natural light.
      2S778 Timber Dr, Warrenville, IL 60555
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,735 SF

      Warrenville Retail Space Available

      Prime Retail Space, High Traffic Area
      28341 Diehl Rd, Warrenville, IL 60555
      View Details
    • $16 SF/Yr
      44,296 SF

      Diehl Point Executive Office Space

      Warrenville, IL Office Suites Available
      27755 Diehl Rd, Warrenville, IL 60555
      View Details
    • $403,560
      2,242 SF

      Turnkey Medical Office in Warrenville

      Medical office space available for rent in Cantera location.
      28375 Davis Pkwy, Warrenville, IL 60555
      View Details
    • $18 SF/Yr
      16,685 SF

      Bright Office Space Available

      Office space with glass offices, conference rooms, and easy access.
      4101 Winfield Rd, Warrenville, IL 60555
      View Details
    • $20 SF/Yr
      2,519 SF

      Move-in Ready Office Suites Available

      Office space for rent with customizable floor plans.
      4580 Weaver Pkwy, Warrenville, IL 60555
      View Details
    • $19 SF/Yr
      1,807 SF

      Office Suite in Warrenville, IL

      Office suite with open area, private office, and parking.
      4100-4200 Cantera Dr, Warrenville, IL 60555
      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.
    2nd State Rte 59
    Warrenville, IL 60555-1459
    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.