Fully Leased Truck Terminal
For Sale
Contact for pricing
3600 W 127th St, Alsip, IL 60803
Fully fenced, lit and paved truck terminal with 75 truck/trailer stalls, maintenance bays, and expandable office space.
Property Size37,000 SF
Price / SF$317.57
Days on Market556
Property Features for 3600 W 127th St
General Information
Standard status
Active
Size
37,000 SF
Total Parking Spaces
121
Property subtype
INDUSTRIAL
Occupancy
100%
Additional Details
Fenced Yard
Yes
Service Bays
3
Amenities
Floor drains
Exhaust ventilation system
Fully fenced
Lit
Paved
Listing Agency:
DarwinPW Realty/CORFAC International
(847) 772-4153
Listed By:
Chris Mergenthaler
(847) 772-4153
Source:
Moodyscre
Added: Feb 7, 2025
Changed: Jul 28
Last Checked: Jul 28 at 2:04AM
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 DarwinPW Realty/CORFAC International
Investment Insights
Based on property information with market context.
This fully leased truck terminal and flex industrial facility is fully fenced, lit, and paved, designed for active vehicle operations. The property includes 3 air-conditioned, 100-foot drive-through maintenance bays, floor drains, and an exhaust ventilation system. Office space is available for expansion, with the ability to expand up to a second-floor configuration totaling up to 8,000 SF. Parking is supported by 46 car spaces and 75 truck/trailer parking stalls.
The facility is suited to users who require dedicated truck parking and on-site, climate-controlled maintenance through drive-through bays, with parking and utility features intended to support day-to-day operations.
The configuration combines a functional truck terminal yard with substantial maintenance capacity and expandable office space, supported by maintained surfaces and operational systems including floor drains and exhaust ventilation.
The facility is suited to users who require dedicated truck parking and on-site, climate-controlled maintenance through drive-through bays, with parking and utility features intended to support day-to-day operations.
The configuration combines a functional truck terminal yard with substantial maintenance capacity and expandable office space, supported by maintained surfaces and operational systems including floor drains and exhaust ventilation.
Key Highlights
- Fully leased office/truck terminal with Class 6B incentive approved
- Expandable office area up to 8,000 SF with 2nd floor
- Truck terminal includes 3 fully air‑conditioned 100' drive‑thru maintenance bays
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
$427,128
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
3.64%
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%
$8,542,560
$8.5M
Cap Rate 7%
$6,101,829
$6.1M
Cap Rate 9%
$4,745,867
$4.7M
Market Conditions
NOI Build-Up for 37,000 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
$710.4K $19.20/SF
− Vacancy
−$53.3K −$1.44/SF
EGI
$657.1K $17.76/SF
− OpEx
−$230.0K −$6.22/SF
NOI
$427.1K $11.54/SF
Area
Chicago, IL
Vacancy
7.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
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%
$8,542,560
Cap Rate 7%
$6,101,829
Cap Rate 9%
$4,745,867
Alternative Uses
Best Use
Flex RnD
$6.10M
$5.34M – $7.12M
NOI $427,128 @ 7.0% cap · market cap 3.64%
Second Best
Warehouse
$4.00M
$3.50M – $4.67M
NOI $280,262 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$17.45M
$15.26M – $20.35M
NOI $1,221,178 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Service bays
100%
Occupancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Explore this area
Business Placement
Demographics for 60803, IL
22,189
Population
9,563
Households
2.3
Avg Household Size
40
Median Age
21%
College-Educated
88%
High-School Grad
7.8 sq mi
ZIP Area
2,845
Density / Sq Mi
$66,555
Median Household Income
$42,245
Median Earnings
$1,113
Median Rent
$200,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Truck terminal - Fully fenced, lit and paved truck terminal with 75 truck/trailer stalls, maintenance bays, and expandable office space.
Where is this truck terminal located?
The property is located at 3600 W 127th St Alsip, IL.
What is the asking price?
The asking price for this property is $11,750,000.
What are key features of this property?
This property features: Fully leased office/truck terminal with Class 6B incentive approved; Expandable office area up to 8,000 SF with 2nd floor; Truck terminal includes 3 fully air‑conditioned 100' drive‑thru maintenance bays
