Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    715 Theodore Ct Romeoville, IL 60446
    Back to Search
    Property profile & analytics

    715 Theodore Ct Romeoville, IL 60446

    View on Map
    • Industrial properties
    • 421,360 SF
    • 21.97 lot acres
    For Lease
    $17,200,000
    View Listing →
    Romeoville Warehouse and Distribution Space For Lease
    $17,200,000
    167,223 SF

    Romeoville Warehouse and Distribution Space

    Warehouse and distribution space in Romeoville, Illinois, with low taxes.

    715 Theodore Ct, Romeoville, IL
    View Listing
    Property ID
    US28-1804145
    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

    • APL Logistics / Shipping Company / Freight Service
    • Radial / Corporate Office

    Property Details for 715 Theodore Ct

    Year built
    2002
    Lot size
    21.97 lot acres
    Property size
    421,360 SF
    Property type
    Industrial properties
    APN
    12-02-29-402-010
    APU
    120229402010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $11,145,000
      Market price range: $5.82M - $30.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    Romeoville
    County
    Will
    State
    Illinois
    Longitude
    -88.1074
    Latitude
    41.6565
    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
    $451,862
    $1,115,726
    $3,779,003
    $4,894,729
    -
    $3,347,178
    $11,337,009
    $14,684,187

    Comparable in this City

    • Value Estimation
      $690,000
      28.15 Acres

      1301 Abbott Rd

      INDUSTRIAL (GENERAL) • 28.15 Acres
      1301 Abbott Rd, Romeoville, IL 60446-1224
      View Details
    • Value Estimation by Request
      0.07 Acres

      Oakridge Dr

      INDUSTRIAL (GENERAL) • 0.07 Acres
      Oakridge Dr, Romeoville, IL 60446
      View Details
    • Value Estimation by Request
      0.56 Acres

      Oakridge Dr

      INDUSTRIAL (GENERAL) • 0.56 Acres
      Oakridge Dr, Romeoville, IL 60446
      View Details
    • Value Estimation by Request
      1.09 Acres

      715 Parkwood Ave

      INDUSTRIAL (GENERAL) • 1.09 Acres
      715 Parkwood Ave, Romeoville, IL 60446-1134
      View Details
    • Value Estimation
      $530,000
      9.19 Acres

      50 Paragon Dr

      INDUSTRIAL (GENERAL) • 9.19 Acres
      50 Paragon Dr, Romeoville, IL 60446-1845
      View Details
    • Value Estimation
      $520,000
      22.44 Acres

      50 Ss Crk Pkwy

      INDUSTRIAL (GENERAL) • 22.44 Acres
      50 Ss Crk Pkwy, Romeoville, IL 60446-4601
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Redevelopment Site in Romeoville

      Approximately 3.00 acres for redevelopment in Romeoville, Illinois.
      1115 N Independence Blvd, Romeoville, IL 60446
      View Details
    • $549,750
      3.47 Acres

      Romeoville Development Opportunity on Weber

      3.474 acre site in thriving commercial area on Weber Rd.
      N Weber Rd, Romeoville, IL 60446
      View Details
    • Contact for pricing

      Windham Parkway Office Space Available

      Office spaces for sale in Windham Business Park.
      1261 Windham Pkwy, Romeoville, IL 60446
      View Details
    • Contact for pricing
      20,401 SF

      Versatile Commercial Building on Large Lot

      20,401 SF building on 3.99 acres for sale/lease.
      719-721 N Independence Blvd, Romeoville, IL 60446
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Industrial Space Available For Sublease

      Up to 4,000 SF industrial space available for sublease.
      636 Schwab Cir, Romeoville, IL 60446
      View Details
    • Contact for pricing

      Renovated Industrial Building with Frontage

      7,750 SF light industrial building with flexible, divisible space.
      201 E Romeo Rd, Romeoville, IL 60446
      View Details
    • Contact for pricing

      Romeoville Industrial Unit For Lease

      59,007 SF industrial unit available April 2026.
      1411-1415 Enterprise Dr, Romeoville, IL 60446
      View Details
    • Contact for pricing

      New Industrial Buildings Nearing Completion

      Two new industrial buildings with trailer parking available.
      801-851 Independence Blvd, Romeoville, IL 60446
      View Details
    View Listing
    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.
    715 Theodore Ct
    Romeoville, IL 60446
    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
    715 Theodore Ct, Romeoville, IL, 60446
    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!