Industrial Warehouses on Heavy Industrial
For Sale
Contact for pricing
1300 Oak St, Dekalb, IL 60115
Two warehouses on 3+ acres of heavy industrial land.
Property Size9,997 SF
Lot Size3.00 Acres
Price / SF$50.02
Days on Market195
Property Features for 1300 Oak St
General Information
Standard status
Active
Size
9,997 SF
Lot size
3.00 Acres
Property subtype
Industrial
Building Details
Year Built
1920
Buildings
2
Listing Agency:
RVG Commercial Real Estate
Listed By:
Sam Patterson · License #IL 475154735
Source:
Crexi
Added: Feb 6
Changed: Aug 8
Last Checked: Aug 19 at 1:09PM
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 RVG Commercial Real Estate
Investment Insights
Based on property information with market context.
This property features two industrial warehouses totaling approximately 10,000 square feet, situated on over 3 acres of land zoned HI Heavy Industrial. The buildings have metal roofs and aluminum siding and painted block exteriors. The property includes a gravel lot and an exterior loading ramp. It is equipped with heavy power, providing 1600 amps at 240V 3-phase. Heating is supplied by a wood boiler for the two warehouses, with electric baseboard heating in the office area. Overhead doors are numerous. Phase I & Phase II reports are available, dated 2014. A survey is also available. The property is being offered AS IS.
Key Highlights
- 3+ acres zoned HI Heavy Industrial
- 10,000 sq ft of warehouse space in 2 buildings
- Heavy Power: 1600 amps 240V 3‑phase
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
$43,034
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
8.61%
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%
$860,680
$860.7K
Cap Rate 7%
$614,771
$614.8K
Cap Rate 9%
$478,156
$478.2K
Market Conditions
NOI Build-Up for 9,997 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
$64.8K $6.48/SF
− Vacancy
−$3.3K −$0.33/SF
EGI
$61.5K $6.15/SF
− OpEx
−$18.4K −$1.84/SF
NOI
$43.0K $4.30/SF
Area
DeKalb County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
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%
$860,680
Cap Rate 7%
$614,771
Cap Rate 9%
$478,156
Alternative Uses
Best Use
Warehouse
$746.5K
$653.2K – $870.9K
NOI $52,255 @ 7.0% cap · market cap 10.45%
Second Best
Industrial
$614.8K
$537.9K – $717.2K
NOI $43,034 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$3.45M
$3.02M – $4.03M
NOI $241,606 @ 7.0% cap · market cap 48.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60115, IL
42,103
Population
18,175
Households
2.3
Avg Household Size
29
Median Age
36%
College-Educated
90%
High-School Grad
81.0 sq mi
ZIP Area
520
Density / Sq Mi
$46,808
Median Household Income
$22,838
Median Earnings
$1,018
Median Rent
$205,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
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- RARN Boat and Car Storage — 302 Industrial Dr, DeKalb, IL 60115
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- Classic Auto Factory — 1660 Pleasant St, DeKalb, IL 60115
Frequently Asked Questions
What type of property is this?
Warehouse - Two warehouses on 3+ acres of heavy industrial land.
Where is this warehouse located?
The property is located at 1300 Oak St Dekalb, IL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 3+ acres zoned HI Heavy Industrial; 10,000 sq ft of warehouse space in 2 buildings; Heavy Power: **1600 amps 240V 3‑phase**
