3685 Nameoki Rd, Granite City, IL
1,424 SF fully leased retail building for sale.
- Added:
- Sep 8, 2023
- Days on Market:
- 1008
- Last Refresh:
- May 20 at 9:07 pm
Property Features for 3685 Nameoki Rd
General Information
- Standard status
- Active
- Size
- 1,424 SF
- Lot size
- 0.48 Acres
- Property subtype
- RETAIL
Listing agent John L Eichenlaub
Listing office BARBERMurphy (618) 277-4400
Listing date Sep 8, 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 BARBERMurphy
HighLights
- Fully Leased Retail Building
- Tenant in Place Until 2028
- 1,424 SF
- High Visibility Location
- Heavily Trafficked Retail Corridor
- Located on Nameoki Rd.
Overview
Local Financial Insights For Retail
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 | $25.6k | $18.00 |
| − Vacancy | −$666 | −$0.47 |
| EGI | $25.0k | $17.53 |
| − OpEx | −$7.5k | −$5.26 |
| NOI | $17.5k | $12.27 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Granite City
- County
- Madison
- State
- Illinois
- Longitude
- -90.1235
- Latitude
- 38.7277
