Warehouse with Fenced
New
For Sale
Contact for pricing
107 Sanford Street, East Peoria, IL 61611
M3-zoned warehouse with enclosed outdoor storage, paved access, and two overhead loading doors.
Property Size1,200 SF
Lot Size0.24 Acres
Price / SF$91.58
Days on Market7
Property Features for 107 Sanford Street
General Information
Standard status
Active
Size
1,200 SF
Lot size
0.24 Acres
Property subtype
Industrial
Zoning
M3
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1994
Buildings
1
Building Size
1,200 SF
Listing Agency:
Joseph & Camper Commercial
(309) 643-0717
Listed By:
Steven Reeves · License #475.190510
Source:
Crexi
Added: Aug 12
Changed: Aug 15
Last Checked: Aug 17 at 8:39AM
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 Joseph & Camper Commercial
Investment Insights
Based on property information with market context.
Built in 1994, this 1,200-square-foot warehouse includes a 30-by-40-foot garage, an outdoor fenced yard, and a paved driveway. The building has one 8-foot overhead door and one 10-foot overhead door, with both openings measuring 9 feet wide.
The property occupies a 0.24-acre double lot and includes an easement. It is positioned across from Caterpillar’s KK Facility and carries M3 zoning, providing a defined industrial setting for warehouse and storage operations.
The property occupies a 0.24-acre double lot and includes an easement. It is positioned across from Caterpillar’s KK Facility and carries M3 zoning, providing a defined industrial setting for warehouse and storage operations.
Key Highlights
- 1,200 SF garage measuring 30’x40’
- Outdoor fenced yard on a 0.24‑acre double lot
- One 8’ overhead door and one 10’ overhead door; both are 9’ wide
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
$8,302
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
7.55%
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%
$166,040
$166.0K
Cap Rate 7%
$118,600
$118.6K
Cap Rate 9%
$92,244
$92.2K
Market Conditions
NOI Build-Up for 1,200 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
$10.4K $8.64/SF
− Vacancy
−$601 −$0.50/SF
EGI
$9.8K $8.14/SF
− OpEx
−$1.5K −$1.22/SF
NOI
$8.3K $6.92/SF
Area
Peoria County, IL
Vacancy
5.80%
Lease Rate
$8.64 /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%
$166,040
Cap Rate 7%
$118,600
Cap Rate 9%
$92,244
Alternative Uses
Best Use
Warehouse
$118.6K
$103.8K – $138.4K
NOI $8,302 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.05M
$918.5K – $1.22M
NOI $73,482 @ 7.0% cap · market cap 66.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61611, IL
23,837
Population
11,207
Households
2.1
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
41.0 sq mi
ZIP Area
581
Density / Sq Mi
$76,329
Median Household Income
$44,586
Median Earnings
$942
Median Rent
$162,500
Median Home Value
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
- Cedar Street Mini Storage — 200 Commercial Dr, East Peoria, IL 61611
Frequently Asked Questions
What type of property is this?
Warehouse - M3-zoned warehouse with enclosed outdoor storage, paved access, and two overhead loading doors.
Where is this warehouse located?
The property is located at 107 Sanford Street East Peoria, IL.
What is the asking price?
The asking price for this property is $109,900.
What are key features of this property?
This property features: 1,200 SF garage measuring 30’x40’; Outdoor fenced yard on a 0.24‑acre double lot; One 8’ overhead door and one 10’ overhead door; both are 9’ wide
