Building Details

Building Size 28,410 SF

Year Built 2000

Properties For Sale

at 1065 W Center St Contact us

Unit

Size

28,410 SF

Lease Type

NNN

Contact us

Listing Agency: Joseph & Camper Commercial w***@josephcamper.com Show Phone

Listed By: Will Hayes · License #475122056 Show Phone

Source: Thebrokerlist

Added: Mar 16 Changed: Aug 29 Last Checked: Aug 29 at 3:04PM

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Investment Insights

Based on property information with market context.

Purpose-built for heavy-duty truck maintenance and fleet operations, this industrial property combines a warehouse with a reinforced concrete yard designed for semi-truck traffic. The improvements include semi maintenance pits with an oil separator, 25’ clear height, and 11 overhead doors, including 4 drive-through doors. The site also features 3-Phase 600A power and a backup natural gas generator.

The 6.67-acre property provides substantial maneuvering area, with 10” reinforced concrete across the warehouse and 4 acres of yard. Interior support areas include a dispatch room, administrative space, driver sleep rooms, showers, and break areas. A separate driver entrance serves the second floor. Built in 2000, the property is configured for integrated fleet, maintenance, and driver operations.

Key Highlights

• 6.67‑acre industrial site with reinforced concrete yard and maneuvering area
• 10” reinforced concrete across the warehouse and 4 acres of yard
• 3‑Phase 600A power with backup natural gas generator

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

$207,556

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

8.65%

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%

$4,151,120 $4.2M

Cap Rate 7%

$2,965,086 $3.0M

Cap Rate 9%

$2,306,178 $2.3M

Market Conditions

NOI Build-Up for 28,410 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

$255.7K $9.00/SF

− Vacancy

−$11.5K −$0.41/SF

EGI

$244.2K $8.59/SF

− OpEx

−$36.6K −$1.29/SF

NOI

$207.6K $7.31/SF

Area

Woodford County, IL

Vacancy

4.50%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

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%

$4,151,120

Cap Rate 7%

$2,965,086

Cap Rate 9%

$2,306,178

Alternative Uses

Best Use

Retail

$4.86M

$4.25M – $5.67M (±1% cap)

NOI $340,068 @ 7.0% cap · market cap 14.17%

Second Best

Warehouse

$2.97M

$2.59M – $3.46M (±1% cap)

NOI $207,556 @ 7.0% cap · market cap 8.65%

Theoretical Best

Multifamily LT 5

$24.85M

$21.75M – $28.99M (±1% cap)

NOI $1,739,696 @ 7.0% cap · market cap 72.49%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Cox Transfer Trucking Company

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop HVAC Service Building Supply Big Box & Wholesale Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

25 ft

Clear height

4

Drive-in doors

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Explore this area Business Placement

Demographics for 61530, IL

6,698

Population

2,804

Households

2.4

Avg Household Size

38

Median Age

34%

College-Educated

97%

High-School Grad

63.7 sq mi

ZIP Area

105

Density / Sq Mi

$68,631

Median Household Income

$42,050

Median Earnings

$690

Median Rent

$166,700

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this truck terminals located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Truck terminal - Purpose-built fleet operations property with reinforced paving, maintenance infrastructure, and administrative support areas.

Where is this truck terminal located?

The property is located at 1065 W Center St Eureka, IL.

What is the asking price?

The asking price for this property is $2,400,000.

What are key features of this property?

This property features: 6.67‑acre industrial site with reinforced concrete yard and maneuvering area; 10” reinforced concrete across the warehouse and 4 acres of yard; 3‑Phase 600A power with backup natural gas generator