5403 N Illinois St, Fairview Heights, IL
Fully leased office building in high-traffic Fairview Heights location.
- Added:
- Nov 23, 2022
- Days on Market:
- 1303
- Last Refresh:
- May 20 at 9:23 pm
Property Features for 5403 N Illinois St
General Information
- Standard status
- Active
- Size
- 1,716 SF
- Lot size
- 0.31 Acres
- Property subtype
- OFFICE
Listing agent John L Eichenlaub
Listing office BARBERMurphy (618) 277-4400
Listing date Nov 23, 2022
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 BARBERMurphy
HighLights
- High CAP rate: 9%
- Fully leased office building
- High traffic/visibility location: 27,000 ADT
- Remodeled 2019
- Investment opportunity
- Located on route 159 (N Illinois) in Fairview Heights
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 | $32.9k | $19.20 |
| − Vacancy | −$6.4k | −$3.74 |
| EGI | $26.5k | $15.46 |
| − OpEx | −$6.6k | −$3.86 |
| NOI | $19.9k | $11.59 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fairview Heights
- County
- St. Clair
- State
- Illinois
- Longitude
- -89.9855
- Latitude
- 38.6163
