Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    505 Warrenville Rd, Unit 15 Lisle, IL 60532-1668
    Back to Search
    Property profile & analytics

    505 Warrenville Rd, Unit 15 Lisle, IL 60532-1668

    View on Map
    • Commercial real estate
    • 1.01 lot acres
    Off-Market
    Last Sale Jun 6, 2024
    $1,537,500
    Property ID
    US28-1944494
    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.
    Value Estimations
    $1,540,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chicago Lightworks / Electrical Service / General Contractor
    • Media Moiré / Film Production / Television Studio

    Property Details for 505 Warrenville Rd

    Lot size
    1.01 lot acres
    Zone code
    C
    Property type
    Commercial real estate
    APN
    08-02-400-068
    APU
    802400068

    Description

    This exceptional Lisle, Illinois office building presents a unique owner-user opportunity. The 9,775 square foot, single-story building, constructed in 2006, sits on a 0.71-acre lot and boasts 100% occupancy with two tenants until April 1, 2026. This provides immediate cash flow while allowing a future user to occupy 8,255 to 9,775 square feet upon lease expiration. The property features a recently replaced roof (Summer 2024), minimizing immediate capital expenditure needs. Ample parking is available with a 4.0 spaces per 1,000 square feet ratio (39 spaces total). Its prime location offers phenomenal highway access, with convenient proximity to I-355 via Ogden Avenue and I-88 via IL Route 53. The building is classified as Class B and is priced at $1,685,000 ($172.38 per square foot). Located in DuPage County, this property offers a compelling investment opportunity with strong potential for future growth and user occupancy. The property is situated at 505 Warrenville Rd, Lisle, IL 60532.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,540,000
      ML approach
      $1,540,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lisle
    County
    Dupage
    State
    Illinois
    Longitude
    -88.0602
    Latitude
    41.8077
    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
    $20,981
    $99,870
    $173,410
    $273,280
    -
    $299,610
    $520,230
    $819,840

    Comparable in this City

    • Value Estimation by Request
      27,726 SF

      3333 Warrenville Rd

      Office Units • 27,726 SF
      3333 Warrenville Rd, Lisle, IL 60532
      View Details
    • Value Estimation
      $570,000
      15.37 Acres

      2400 Cabot Dr

      COMMERCIAL (GENERAL) • 15.37 Acres
      2400 Cabot Dr, Lisle, IL 60532-3708
      View Details
    • Value Estimation by Request
      0.15 Acres

      4903 Main St

      COMMERCIAL (GENERAL) • 0.15 Acres
      4903 Main St, Lisle, IL 60532-2265
      View Details
    • Value Estimation by Request
      0.42 Acres

      1156 Maple Ave

      COMMERCIAL (GENERAL) • 0.42 Acres
      1156 Maple Ave, Lisle, IL 60532-2363
      View Details
    • Value Estimation by Request
      83.99 Acres

      2701 Navistar Dr

      COMMERCIAL (GENERAL) • 83.99 Acres
      2701 Navistar Dr, Lisle, IL 60532-3637
      View Details
    • Value Estimation
      $520,000
      47.33 Acres

      2222 Wellington Ct

      COMMERCIAL (GENERAL) • 47.33 Acres
      2222 Wellington Ct, Lisle, IL 60532-3831
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Operating Bubble Tea Cafe Opportunity

      Turnkey bubble tea cafe for sale in Chicago.
      2751 Maple Ave, Lisle, IL 60532
      View Details
    • $795,000
      0.64 Acres

      Commercial Land in Downtown Lisle

      Prime commercial land with high visibility and easy access.
      1002 Ogden Ave, Lisle, IL 60532
      View Details
    • $54,900
      0.30 Acres

      Vacant Lot Ready for Construction

      Cleared lot in Lisle, ready for construction with permit approvals.
      4503 Dumoulin Ave, Lisle, IL 60532
      View Details
    • $1,463,250

      Lisle Office Building For Sale

      Office building with highway access, user occupancy potential in 2026.
      505 Warrenville Rd, Lisle, IL 60532
      View Details
    • Contact for pricing
      1,900 SF

      Well-Maintained Office Condo For Sale

      Office condo featuring individual offices, common areas, and basement storage.
      4906 S Main St, Lisle, IL 60532
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Lisle Office/Retail Space

      Professionally maintained office/retail building in the heart of Downtown Lisle.
      4745 Main St, Lisle, IL 60532
      View Details
    • $16 SF/Yr
      67,380 SF

      Renovated Office Building with Amenities

      Newly renovated office building with top-tier amenities and excellent access.
      2441 Warrenville Rd, Lisle, IL 60532
      View Details
    • Contact for pricing
      45,159 SF

      Lisle Office Building For Rent

      Office building with lakeside views, fitness center, and covered parking.
      901 Warrenville Rd, Lisle, IL 60532
      View Details
    • $15 SF/Yr

      Move-in Ready Lisle Office Space

      Office space near Metra, shopping, and major roadways.
      4900 Reilly Pl, Lisle, IL 60532
      View Details
    • Contact for pricing

      Retail Space on Ogden Avenue

      Retail space for rent in well-positioned shopping center.
      2801 Ogden Ave, Lisle, IL 60532
      View Details
    • Contact for pricing
      161,322 SF

      Office Space in Lisle, IL

      Office space available for rent in Lisle, Illinois.
      801 Warrenville Rd, Lisle, IL 60532
      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.
    505 Warrenville Rd, Unit 15
    Lisle, IL 60532-1668
    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

    Thank You for Inquiry
    505 Warrenville Rd, Lisle, IL, 60532
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!