10 Virginia Rd, Crystal Lake, IL
Freestanding brick commercial building with a five-year lease.
- Added:
- Oct 20, 2023
- Days on Market:
- 970
- Last Refresh:
- May 19 at 10:26 pm
Property Features for 10 Virginia Rd
General Information
- Standard status
- Active
- Size
- 1,320 SF
- Lot size
- 0.28 Acres
- Property subtype
- OFFICE
Listing agent Tim Billimack
Listing office Blue Chip Commercial (815) 355-0196
Listing date Oct 20, 2023
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Blue Chip Commercial
HighLights
- Freestanding all brick commercial building.
- Investment offering with a 5‑year lease in place.
- Option to terminate lease after 3 years.
- Mixed‑use neighborhood with national and reputable retailers/restaurants nearby.
- Includes private offices, reception area, open workspace, and kitchenette.
- Rear employee parking lot.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.3k | $24.48 |
| − Vacancy | −$8.0k | −$6.10 |
| EGI | $24.3k | $18.38 |
| − OpEx | −$6.1k | −$4.60 |
| NOI | $18.2k | $13.79 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Crystal Lake
- County
- McHenry
- State
- Illinois
- Longitude
- -88.3142
- Latitude
- 42.2732
