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    601 Oakmont Ln Westmont, IL 60559
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    Property profile & analytics

    601 Oakmont Ln Westmont, IL 60559

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    • Office buildings
    • 127,804 SF
    • 7.09 lot acres
    For Lease
    $12,965,000
    View Listing →
    Four-Story Office Building For Rent For Lease
    $12,965,000
    117,900 SF

    Four-Story Office Building For Rent

    117,900 SF office building with atrium, conference center, deli.

    601 Oakmont Ln, Westmont, IL 60559
    View Listing
    Property ID
    US28-5583925
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • One America Financial Partners / Insurance Agency
    • Siemens Energy Inc / Engineering Consultant / Engineer
    • FedEx Drop Box / Postal Service / Courier Service
    • JP Morgan Chase / Corporate Office
    • Andrew Harper / Travel Agency

    Property Details for 601 Oakmont Ln

    Year built
    1990
    Lot size
    7.09 lot acres
    Property size
    127,804 SF
    Zone code
    C
    Property type
    Office buildings
    APN
    06-34-405-018
    APU
    634405018

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $14,935,000
      Market price range: $14.9M - $32.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    Westmont
    County
    Dupage
    State
    Illinois
    Longitude
    -87.9613
    Latitude
    41.8205
    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
    $205,163
    $1,123,900
    $1,947,820
    $3,071,720
    -
    $3,371,700
    $5,843,460
    $9,215,160

    Comparable in this City

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      63,067 SF

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      OFFICE BUILDING • 63,067 SF
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    • Value Estimation by Request
      2,234 SF

      560 Oakmont Ln

      OFFICE BUILDING • 2,234 SF
      560 Oakmont Ln, Westmont, IL 60559-3700
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    • Value Estimation
      $7,630,000
      78,343 SF

      777 Oakmont Ln

      OFFICE BUILDING • 78,343 SF
      777 Oakmont Ln, Westmont, IL 60559-5511
      View Details
    • Value Estimation
      $16,975,000
      82,125 SF

      700 Oakmont Ln

      OFFICE BUILDING • 82,125 SF
      700 Oakmont Ln, Westmont, IL 60559-5551
      View Details
    • Value Estimation by Request
      2,240 SF

      576 Oakmont Lnb

      OFFICE BUILDING • 2,240 SF
      576 Oakmont Lnb, Westmont, IL 60559-3700
      View Details
    • Value Estimation
      $965,000
      2,251 SF

      560 Oakmont Lnd

      OFFICE BUILDING • 2,251 SF
      560 Oakmont Lnd, Westmont, IL 60559-3700
      View Details

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      Four-Story Office Building Near Route 83

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    • New
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      Westmont Commercial Condo For Sale

      Commercial condo near medical facilities, ideal for medical practices.
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      Westmont Office/Medical Space Available

      Office and medical space available for lease in Westmont.
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    Similar Nearby for Lease

    • Contact for pricing

      Four-Story Office Building For Rent

      117,900 SF office building with atrium, conference center, deli.
      601 Oakmont Ln, Westmont, IL 60559
      View Details
    • Contact for pricing

      Class A Office Space Available

      Six-story Class A office building in Westmont, Illinois.
      999 Oakmont Plaza Dr, Westmont, IL 60559
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      Four-Story Office Building For Rent

      74,279 square foot office building in prominent Eastern E-W Corridor.
      900 Oakmont Ln, Westmont, IL 60559
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      Office Space in Park-Like Setting

      Office suites with tenant-controlled HVAC in Westmont, Illinois.
      110 Quail Ridge Dr, Westmont, IL 60559
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      1,571 SF

      Renovated Office Space Available

      High-class, professionally managed office suites for lease.
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      Westmont Office Unit For Rent

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      View Details
    View Listing
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    Westmont, IL 60559
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    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
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