Wauconda Industrial Condo
For Sale
Contact for pricing
1000 Brown St, Wauconda, IL
1,800 SF end-cap industrial condo with office space.
Property Size1,800 SF
Lot Size6.22 Acres
Price / SF$113.89
Days on Market365
Property Features for 1000 Brown St
General Information
Standard status
Active
Size
1,800 SF
Lot size
6.22 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Brown Commercial Group
(847) 775-0351
Listed By:
Candace Scurto
Source:
Moodyscre
Added: Aug 21, 2025
Changed: Jul 10
Last Checked: Aug 20 at 4:57AM
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 Brown Commercial Group
Investment Insights
Based on property information with market context.
This 1,800 square foot end-cap industrial condominium unit is configured with approximately 1,100 square feet of office space. The unit features 14-foot clear ceilings and one 10-foot by 12-foot drive-in door. The property is 100% air conditioned and includes five parking spots. Water costs are $40 per month, and quarterly association dues are $544.44. The property is located on Brown Street in Wauconda, IL.
Key Highlights
- 1,800 SF End‑Cap Industrial Condo Unit
- 100% Air Conditioned for your comfort
- Approximately 1,100 SF of Offices
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,515
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$210,300
$210.3K
Cap Rate 7%
$150,214
$150.2K
Cap Rate 9%
$116,833
$116.8K
Market Conditions
NOI Build-Up for 1,800 SF
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.
Gross rent
$17.1K $9.48/SF
− Vacancy
−$887 −$0.49/SF
EGI
$16.2K $8.99/SF
− OpEx
−$5.7K −$3.15/SF
NOI
$10.5K $5.84/SF
Area
Lake County, IL
Vacancy
5.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$210,300
Cap Rate 7%
$150,214
Cap Rate 9%
$116,833
Alternative Uses
Best Use
Flex RnD
$150.2K
$131.4K – $175.3K
NOI $10,515 @ 7.0% cap · market cap 5.13%
Second Best
Industrial
$110.7K
$96.9K – $129.1K
NOI $7,748 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$621.5K
$543.8K – $725.0K
NOI $43,502 @ 7.0% cap · market cap 21.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Eduardo's International — 427 W Liberty St, Wauconda, IL 60084
Frequently Asked Questions
What type of property is this?
Flex space - 1,800 SF end-cap industrial condo with office space.
Where is this flex space located?
The property is located at 1000 Brown St Wauconda, IL.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 1,800 SF End‑Cap Industrial Condo Unit; 100% Air Conditioned for your comfort; Approximately 1,100 SF of Offices
