Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6704 Pingree Rd, Unit 4 Crystal Lake, IL 60014

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $8 SF/Yr

    10,066 SF industrial space with office in Crystal Lake.

    Property Features for 6704 Pingree Rd

    General Information

    Standard status
    Active

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Kevin Kaplan
    Kevin Kaplan
    Source: Corcoran

    Listing Agency: ENTRE COMMERCIAL REALTY, LLC Listing Agent: Kevin Kaplan

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

    Learn more

    Overview

    Crystal Lake Industrial Space Available

    Available for lease is a 10,066 square foot industrial space, which includes approximately 1,334 square feet of office area. The warehouse portion features 14-foot ceilings and a 12-foot by 11-foot drive-in door. The space is equipped with 400 amp/3-phase power and offers a clear span warehouse layout. The office component consists of an open area, one private office, one bathroom, and one executive office that includes a private bathroom with a shower. This space is part of a 96,000 square foot multi-tenant masonry building. The property is centrally located in Crystal Lake and is available immediately.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Crystal Lake
    County
    McHenry
    State
    Illinois
    Longitude
    -88.3202
    Latitude
    42.2284

    Nearby Similar for Lease

    • Contact for pricing
      56,628 SF

      Updated Office Suite in Crystal Lake

      Move-in ready office suite for professional, medical, or service businesses.
      850 S Mchenry Ave, Crystal Lake, IL 60014
      View Details
    • Contact for pricing

      Storefront on High Visibility Route

      1200 sq ft storefront on 6000 sq ft lot.
      430 W Virginia St, Crystal Lake, IL 60014
      View Details
    • Contact for pricing

      Crystal Lake Office Space Available

      1200 sq ft office space for lease.
      430 W Virginia St, Crystal Lake, IL 60014
      View Details
    • Contact for pricing
      39,640 SF

      Commercial Space on Route 14

      Highly visible commercial space ideal for offices or retail.
      181 N Virginia St, Crystal Lake, IL 60014
      View Details
    • Contact for pricing

      Retail Space Near Route 176

      Conveniently located retail space with high visibility and signage.
      4410 Il Rte 176 Hwy, Crystal Lake, IL 60014
      View Details
    • $22 SF/Yr
      1,794 SF

      Retail Space on Randall Road

      Vibrant retail center with high visibility and strong demographics.
      435 Angela Ln, Crystal Lake, IL
      View Details
    • $22 SF/Yr
      1,081 SF

      Retail Space with Drive-Thru

      End-cap retail space suitable for coffee or fast food.
      1295 Randall Rd, Crystal Lake, IL
      View Details
    • $14 SF/Yr
      4,000 SF

      Crystal Lake Office Space Available

      Office space for lease on Virginia Street in Crystal Lake.
      80 N Virginia St, Crystal Lake, IL
      View Details
    • $19 SF/Yr

      Professional Office Suite For Rent

      1,160 SF office suite ideal for professional services.
      380 Terra Cotta Rd, Crystal Lake, IL 60014
      View Details
    • $16 SF/Yr

      Medical/Professional Office Space Available

      1,610 SF office suite for medical or professional use.
      333 Commerce Dr, Crystal Lake, IL 60014
      View Details
    • Contact for pricing
      4,156 SF

      Retail Space on Illinois Route

      Retail space with high visibility and ample parking.
      170 N Il Rte, Crystal Lake, IL
      View Details
    • $18 SF/Yr

      Well-Maintained Office Suite Available

      1,200 SF office suite ideal for professional services.
      521 Devonshire Ln, Crystal Lake, IL 60014
      View Details

    FAQs

    What type of property is this?
    Flex space - 10,066 SF industrial space with office in Crystal Lake.
    Where is this flex space located?
    The property is located at 6704 Pingree Rd, Unit 4 Crystal Lake, IL.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - Available Immediately; - Affordable Rent; - **10,066 SF Industrial Space with 1,334 SF Office**
    (847) 854-2300
    Request Owner's contact information
    6704 Pingree Rd, Unit 4 Crystal Lake, IL 60014
    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.
    6704 Pingree Rd, Unit 4
    Crystal Lake, IL 60014
    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
    6704 Pingree Rd, Unit 4 Crystal Lake, IL 60014
    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!
    Listing Contact
    Kevin Kaplan
    Kevin Kaplan
    Real Estate License ID: 475168120
    (847) 854-2300 (847) 310-4295
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!