Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2601 Westway Dr Edwardsville, IL

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Premier distribution park with interstate access and economic incentives.

    Property size:
    376,000 SF
    Lot size:
    76.19 Acres

    Property Features for 2601 Westway Dr

    General Information

    Size
    376,000 SF
    Lot size
    76.19 Acres

    We can help!

    Listing Contact
    Pat Reilly
    Pat Reilly
    Source: Moodyscre

    Listing Agent: Pat Reilly

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Distribution Center in Gateway Commerce

    Gateway Commerce Center is a distribution park that provides interstate access, labor supply, and economic incentives. Gateway Panattoni consists of three sites in Gateway Commerce Center, suited for local, regional, and national distribution uses. With approximately 240 acres, Gateway Panattoni can deliver a total of approximately 3,000,000 square feet and building sizes of up to approximately 1,300,000 square feet. The property has 376,000 square feet of space and is located at 2601 Westway Dr, Edwardsville, IL.
    Location Intelligence

    Current Use by Public Records

    Distribution properties

    Suggested Use

    Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edwardsville
    County
    Madison
    State
    Illinois
    Longitude
    -89.953157
    Latitude
    38.8114364

    Nearby Similar for Lease

    • $6,580 /Mo
      3,290 SF

      Edwardsville Office Building For Lease

      3,290 SF office building in Sunset Hills Professional Centre.
      4 Sunset Hills Professional Ctr, Edwardsville, IL 62025
      View Details
    • $500 /Mo

      Office Suite in Edwardsville, IL

      Single office suite for lease with utilities included.
      340 S Fillmore St, Edwardsville, IL 62025
      View Details
    • $2,300 /Mo

      Class A Office Space

      Prime office space in Edwardsville, IL for lease.
      3 Club Centre Ct, Edwardsville, IL 62025
      View Details
    • $18 SF/Yr
      8,000 SF

      Historic Office Space in Edwardsville

      Unique creative office space in historic downtown Edwardsville, Illinois.
      201 Hillsboro Ave, Edwardsville, IL 62025
      View Details
    • $25 SF/Yr
      15,030 SF

      Edwardsville Office Space For Lease

      Prime Downtown Location, 1,000 SF Available
      100 Main St, Edwardsville, IL 62025
      View Details
    • Contact for pricing
      3,600 SF

      New Warehouse Space Available

      3,600 SF warehouse space for lease near I-255.
      5998 Redbud Ln, Edwardsville, IL 62025
      View Details
    • $3 SF/Yr
      195,000 SF

      Edwardsville Warehouse with Conditioned Space

      195,000 SF warehouse with office and conditioned space available.
      21 Gateway Commerce Center Dr East, Edwardsville, IL 62025
      View Details
    • Contact for pricing
      4,493 SF

      Retail Space in Edwardsville Center

      Retail-focused shopping center with parking and high visibility.
      2323 Plum St, Edwardsville, IL 62025
      View Details
    • $4 SF/Yr
      769,500 SF

      Lakeview Commerce Center V: 769,500 SF Warehouse

      Class A Distribution Center; Immediate Occupancy.
      3919 Lakeview Corporate Dr, Edwardsville, IL 62025
      View Details
    • $9 SF/Yr
      6,249 SF

      Edwardsville Office Space Available

      Flexible Offices, Coworking & More
      101 Vandalia St, Edwardsville, IL 62025
      View Details
    • $18 SF/Yr
      12,137 SF

      Edwardsville Executive Office Suites

      Prime Edwardsville Office Space Available
      201 Hillsboro Ave, Edwardsville, IL 62025
      View Details
    • Contact for pricing
      136,094 SF

      Edwardsville Marketplace Retail Space

      High-traffic retail center, multiple spaces available
      2222 Troy Rd, Edwardsville, IL 62025
      View Details

    FAQs

    What type of property is this?
    Distribution property - Premier distribution park with interstate access and economic incentives.
    Where is this distribution property located?
    The property is located at 2601 Westway Dr Edwardsville, IL.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - Premier distribution park in the St. Louis region.; - Excellent interstate access.; - Strong labor supply.
    (314) 338-2080 Call to check price and availability
    Request Owner's contact information
    2601 Westway Dr Edwardsville, IL
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2601 Westway Dr
    Edwardsville, IL
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2601 Westway Dr Edwardsville, IL
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Pat Reilly
    Pat Reilly
    Real Estate License ID: 475.166866
    (314) 338-2080 (314) 338-2085
    Learn more
    Google sign-in failed. Please try again or use another login method.