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    931 W 75Th St Naperville, IL 60565

    • Retail space
    • 12,990 SF
    • 1.41 lot acres
    For Lease
    View listing
    Value Estimations
    $475,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-1295207
    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

    • Play It Again Sports / Soccer Store / Sporting Goods Store
    • Pho Thien Vietnamese Kitchen / Vietnamese Restaurant
    • Lord & Murphy Inc / Software Company
    • Supplier Network / Association / Organization
    • Prime Care of Naperville / Medical Clinic / Doctor

    Property Details for 931 W 75Th St

    Year built
    1988
    Lot size
    1.41 lot acres
    Property size
    12,990 SF
    Zone code
    C
    Property type
    Retail space
    APN
    07-25-104-019
    APU
    725104019

    Description

    Hobson West Plaza, located at 931 W 75th St, Naperville, IL 60565 in DuPage County, offers a prime retail opportunity. This multi-tenant property boasts a total of 99,042 square feet, with 11,199 square feet currently vacant and divisible into spaces ranging from 1,255 square feet minimum to a maximum contiguous space of 8,888 square feet. The property features three total suites, providing flexibility for various retail businesses. Ample parking is available with 516 spaces. Hobson West Plaza enjoys a convenient location, just two miles from the vibrant Downtown Naperville shopping district and easily accessible from I-88 via Route 59. The plaza is already home to established retailers such as Garden Fresh Market, Ace Hardware, and Play It Again Sports, creating a strong and synergistic retail environment. This presents a unique chance to establish or expand your business in a thriving Naperville community within the Chicago MSA. The property's size and layout offer significant potential for a variety of retail concepts. Contact us today to learn more about this exceptional retail opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $465,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $626,000
      Market price range: $334k - $861k

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

    Location Insight

    • Map
    • Local Demand
    City
    Naperville
    County
    Dupage
    State
    Illinois
    Longitude
    -88.1658
    Latitude
    41.7482
    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
    $42,981
    $208,100
    $454,330
    $662,430
    -
    $624,300
    $1,362,990
    $1,987,290

    Comparable in this City

    • Value Estimation
      $480,000
      14,460 SF

      924 75th St

      RETAIL STORES (PERSONAL SERVICES) • 14,460 SF
      924 75th St, Naperville, IL 60565-6193
      View Details
    • Value Estimation
      $410,000
      9,556 SF

      75th Nprvlle

      RETAIL STORES (PERSONAL SERVICES) • 9,556 SF
      75th Nprvlle, Naperville, IL 60565
      View Details
    • Value Estimation
      $870,000
      85,975 SF

      931 75th St

      RETAIL STORES (PERSONAL SERVICES) • 85,975 SF
      931 75th St, Naperville, IL 60565-1294
      View Details
    • Value Estimation
      $435,000
      11,910 SF

      860 75th St

      RETAIL STORES (PERSONAL SERVICES) • 11,910 SF
      860 75th St, Naperville, IL 60565-6192
      View Details
    • Value Estimation
      $645,000
      22,272 SF

      963 75th St

      RETAIL STORES (PERSONAL SERVICES) • 22,272 SF
      963 75th St, Naperville, IL 60565-1246
      View Details
    • Value Estimation
      $305,000
      2,464 SF

      944 75th St

      AUTO REPAIR, GARAGE • 2,464 SF
      944 75th St, Naperville, IL 60565-6185
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,500 SF

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      Prime Naperville retail opportunity. Former daycare, high visibility.
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      0.35 Acres

      Residential Land in Prime Location

      Build your dream home in Naperville's District 203.
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    Similar Nearby for Lease

    • $13 SF/Yr
      2,194 SF

      Retail Space Available For Lease

      Former dental suite available for lease with abundant parking.
      1780-1795 S Washington St, Naperville, IL 60565
      View Details
    • Contact for pricing
      1,056 SF

      Retail Space in Hobson West

      Retail space for lease in Naperville's Hobson West Plaza.
      931 W 75Th St, Naperville, IL 60565
      View Details
    • Contact for pricing

      Retail Space in Naperville Center

      Retail/office spaces available in established Naperville retail center.
      1801 Wehrli Rd, Naperville, IL 60565
      View Details
    • $18 SF/Yr
      14,040 SF

      Naperville Medical Office Space

      14,040 SF Multi-Tenant Office Complex
      1807 Washington St, Naperville, IL 60565
      View Details
    • $1,425 /Mo

      Naperville Garden-Level One-Bedroom Apartment

      Affordable one-bedroom apartment in Naperville with community amenities.
      138 E Bailey Rd, Naperville, IL 60565
      View Details
    • $18 SF/Yr

      Medical Office Space Available

      2,194 RSF medical office space in Naperville.
      1795 S Washington St, Naperville, IL 60565
      View Details
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    Naperville, IL 60565
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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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