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

    717 Main St Batavia, IL 60510-2434

    • Office Properties & Spaces
    • 4,574 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-1167400
    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

    • Car Stops / Building Supply / Construction Company
    • Reading Matters / Tutoring Service
    • Barco Products / Department Store
    • Mats For Less / Carpet & Flooring Store / Hardware & Home Improvement

    Property Details for 717 Main St

    Year built
    1940
    Lot size
    0.17 lot acres
    Property size
    4,574 SF
    Property type
    Office Properties & Spaces
    APN
    12-22-161-011
    APU
    1222161011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Batavia
    County
    Kane
    State
    Illinois
    Longitude
    -88.3201
    Latitude
    41.8472
    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
    2022
    $8,536
    $46,306
    $51,455
    $97,761
    -
    $138,918
    $154,365
    $293,283

    Comparable in this City

    • Value Estimation by Request
      1.25 Acres

      Batavia, IL 60510

      OFFICE (GENERAL) • 1.25 Acres
      Batavia, IL 60510
      View Details
    • Value Estimation by Request
      18,500 SF

      1888 Fabyan Pkwy

      Office Properties & Spaces • 18,500 SF
      1888 Fabyan Pkwy, Batavia, IL 60510
      View Details
    • Value Estimation by Request
      10,500 SF

      815 Randall Rd

      Medical offices • 10,500 SF
      815 Randall Rd, Batavia, IL 60510
      View Details
    • Value Estimation
      $2,115,000
      9,960 SF

      725 Fabyan Pkwy

      OFFICE (GENERAL) • 9,960 SF
      725 Fabyan Pkwy, Batavia, IL 60510
      View Details
    • Value Estimation by Request
      2.12 Acres

      Kirk Rd

      Farms • 2.12 Acres
      0 Kirk Rd, Batavia, IL 60510
      View Details
    • Value Estimation by Request
      56,935 SF

      401-431 Raddant Rd

      Flex space • 56,935 SF
      401-431 Raddant Rd, Batavia, IL 60510
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      131,000 SF

      Historic Batavia Industrial/Flex Redevelopment Opportunity

      131,000 SF industrial/flex space on 12.31 acres in Batavia, IL.
      901 North Batavia Ave, Batavia, IL 60510
      View Details
    • $320,000
      1,272 SF

      Historic Batavia Commercial Building For Sale

      Vintage commercial property near downtown Batavia with residential tenant.
      117 S Prairie St, Batavia, IL 60510
      View Details
    • Contact for pricing
      5,250 SF

      Industrial Condo Units For Sale

      Three contiguous industrial condo units totaling 5,250 SF for sale.
      1485 117, Batavia, IL 60510
      View Details
    • Contact for pricing
      15,450 SF

      Batavia Office Building with River Views

      Modern office building with river views and convenient access.
      201 Houston St, Batavia, IL 60510
      View Details
    • $290,000
      1,175 SF

      Batavia Retail Space - Prime Location

      Turnkey Restaurant or Redevelopment Opportunity
      912 Main St, Batavia, IL 60510
      View Details
    • $255,000
      0.51 Acres

      Batavia Commercial Lot: Prime Location

      0.5-acre commercial lot, ideal for development.
      950 Wilson St, Batavia, IL 60510
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      850 SF

      Batavia Office Space: 850 sq ft

      Prime Batavia office, single tenant, all utilities included.
      851 Raddant Rd, Batavia, IL 60510
      View Details
    • $11 SF/Yr
      10,000 SF

      Prime Downtown Office Space

      800 SF Office, Utilities Included
      851 Raddant Rd, Batavia, IL 60510
      View Details
    • Contact for pricing
      1,308 SF

      Medical/Office Space Near Geneva School

      Office space for rent near school and senior living.
      2550-2580 W Fabyan Pkwy, Batavia, IL 60510
      View Details
    • Contact for pricing
      1,600 SF

      Batavia Office Space For Rent

      1600 SF office space available for lease in Batavia.
      725 E Fabyan Pkwy, Batavia, IL 60510
      View Details
    • Contact for pricing
      20,124 SF

      Batavia Warehouse and Office Space

      Warehouse and office space available for lease in Batavia, Illinois.
      1400 Kingsland Dr, Batavia, IL 60510
      View Details
    • $22 SF/Yr
      10,500 SF

      Medical Space in Retail Center

      Medical space available in a busy retail corridor.
      815 N Randall Rd, Batavia, IL 60510
      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.
    717 Main St
    Batavia, IL 60510-2434
    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.