Built-Out Professional Office
127 Capista Drive Shorewood, IL 60404
For Sale
Contact for pricing
Turnkey professional office condominium unit within a multi-unit professional and flex office complex, delivered vacant at closing.
Property Size3,775 SF
Price / SF$178.81
Days on Market15
Property Features for 127 Capista Drive
General Information
- Standard status
- Active
- Size
- 3,775 SF
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing Agency:
Townline Real Estate Advisors LLC - Frank Marmo
Listed By:
Frank Marmo · License #471010347
Source:
Crexi
Added: Jul 9
Changed: Jul 22
Last Checked: Jul 22 at 11:41AM
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 Townline Real Estate Advisors LLC - Frank Marmo
Investment Insights
Based on property information with market context.
An improved professional office condominium unit offering approximately 3,775 rentable square feet of built-out office space within an established multi-unit professional and flex condominium office complex. The unit is part of the Capista Gregory Condominium Association and is currently owner-occupied as a chiropractic medical office.
The property will be delivered with vacant possession at closing, supporting straightforward transition for an owner-user. Alternatively, it can be leased to a medical or other professional tenant.
This is a purpose-built, ready-to-occupy office condo within a condominium office park setting.
The property will be delivered with vacant possession at closing, supporting straightforward transition for an owner-user. Alternatively, it can be leased to a medical or other professional tenant.
This is a purpose-built, ready-to-occupy office condo within a condominium office park setting.
Key Highlights
- Built in 2008, professional office condominium unit at 127 Capista Drive in Shorewood, IL
- Approximately 3,775 rentable SF of built‑out professional office space
- Located within an established multi‑unit professional and flex condominium office complex
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 | $92.4k | $24.48 |
| − Vacancy | −$23.0k | −$6.10 |
| EGI | $69.4k | $18.38 |
| − OpEx | −$17.4k | −$4.60 |
| NOI | $52.1k | $13.79 |
3,775 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$743.6K
$650.6K – $867.5K
NOI $52,051 @ 7.0% cap · market cap 7.71%
Second Best
Healthcare Medical
$714.4K
$625.1K – $833.5K
NOI $50,011 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,233 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Turnkey professional office condominium unit within a multi-unit professional and flex office complex, delivered vacant at closing.
Where is this office units located?
The property is located at 127 Capista Drive Shorewood, IL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Built in 2008, professional office condominium unit at 127 Capista Drive in Shorewood, IL; Approximately 3,775 rentable SF of built‑out professional office space; Located within an established multi‑unit professional and flex condominium office complex
