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    OFF-MARKET
    Office buildings

    5005 Newport Dr, Rolling Meadows, IL 60008-3832

    1.91 ac lot Built 1970
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US28-5347701
    Property summary
    AI-generated overview

    This exceptional 50,000-square-foot Class B office building, situated at 5005 Newport Dr in Rolling Meadows, IL, presents a significant opportunity. Built in 1976 and renovated in 2020, this six-story structure boasts a 9-foot ceiling height and ample parking with 150 spaces. The property features a single tenant occupancy, with 1,500 square feet currently vacant. Conveniently located at the I-355 and I-90 intersection, this property offers unparalleled access and visibility. The building sits on a 2-acre lot with a 0.55 FAR and is zoned C3. The property includes one building with a traditional office subtype, offering 120/240 power and elevators. Cook County taxes are $4.60 per square foot. The building's amenities include a kitchen and four private offices. A portion of the existing furniture may remain. Additional weekly cleaning and monthly WiFi are available at an extra cost. This property provides 24/7 access. The APN is 08-07-213-009-0000. The building's load factor is 10%.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1970
    Lot 1.91 ac (83,200 SF)
    APN 08-07-213-009
    UPID US28-5347701
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • damrcorp Freight Service Logistics Company
    • VELKO ACADEMY Marketing Consultant Recruiter
    • Appsomatic Inc | Custom Software, Mobile Application & Web Development Company (Bike/Boat/Book/etc) Store Corporate Office
    • Pros Dental Lab Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Aet Newport LLC · 6 yrs held
    Aet Newport LLC
    since 2019
    7 recorded transactions
    2019
    2019
    2019
    $1.6M
    2017
    $1.2M
    2009
    2007
    $2.7M
    2006
    $2.0M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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