Built-Out Professional Office
For Sale
Contact for pricing
127 Capista Drive, Shorewood, IL 60404
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 Market60
Property Features for 127 Capista Drive
General Information
Standard status
Active
Size
3,775 SF
Property subtype
Office, Industrial
Zoning
B3- General Business
Investment Type
Owner/User
Building Details
Year Built
2008
Tenancy
Multi
Listing Agency:
Townline Real Estate Advisors LLC - Frank Marmo
Listed By:
Frank Marmo · License #471010347
Source:
Crexi
Added: Jul 9
Changed: Aug 31
Last Checked: Sep 4 at 5:55PM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,051
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,041,020
$1.0M
Cap Rate 7%
$743,586
$743.6K
Cap Rate 9%
$578,344
$578.3K
Market Conditions
NOI Build-Up for 3,775 SF
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.
Gross rent
$92.4K $24.48/SF
− Vacancy
−$23.0K −$6.10/SF
EGI
$69.4K $18.38/SF
− OpEx
−$17.4K −$4.60/SF
NOI
$52.1K $13.79/SF
Area
DuPage County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,041,020
Cap Rate 7%
$743,586
Cap Rate 9%
$578,344
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 authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Explore this area
Business Placement
Demographics for 60404, IL
19,916
Population
7,530
Households
2.6
Avg Household Size
42
Median Age
40%
College-Educated
96%
High-School Grad
15.7 sq mi
ZIP Area
1,269
Density / Sq Mi
$121,696
Median Household Income
$54,628
Median Earnings
$1,945
Median Rent
$319,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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
