Building Details

Building Size 5,432 SF

Listing Agency: Jameson Commercial m***@yahoo.com Show Phone

Listed By: Mark Kishtow · License #471010965

Source: Commercialcafe

Added: Jul 26 Changed: Aug 17 Last Checked: Aug 18 at 9:36AM

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Investment Insights

Based on property information with market context.

A rare Village of Ringwood property combining a custom log home with a large heated warehouse/garage at the rear of the lot. The log cabin home features more than 2,000 square feet on the main level, with 3 bedrooms and 2 full baths, a stone fireplace great room, and a chef’s kitchen with professional appliances, a large island, and extensive counter, prep, and storage space. A wraparound deck sits off the living area. The walk-out basement has been converted to offices and includes multiple offices and storage rooms, a full bath, mechanicals, and an entry foyer.

The warehouse is approximately 8,100 square feet with 10 overhead doors (ranging from 10’ to 12’) and 14’ interior ceilings. A loading dock provides access for larger trucks, and the building is heated.

Set on over 8 acres with mature trees, green contoured land, and a private pond, the property also includes a circle drive and a separate parking lot. Additional amenities noted include a Generac backup system for the home and an EV charging port. The address is 4418 North Richmond Road, Ringwood, IL 60072.

Key Highlights

• Over 8 acres in the Village of Ringwood with mature trees, green contoured land, and a private pond
• Heated 8,100 SF warehouse at the rear of the lot with 10 overhead doors (10' to 12') and 14' interior ceilings
• Warehouse includes a loading dock for big truck access, plus separate parking with a circle drive

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

$74,898

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

5.00%

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%

$1,497,960 $1.5M

Cap Rate 7%

$1,069,971 $1.1M

Cap Rate 9%

$832,200 $832.2K

Market Conditions

NOI Build-Up for 5,432 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

$133.0K $24.48/SF

− Vacancy

−$33.1K −$6.10/SF

EGI

$99.9K $18.38/SF

− OpEx

−$25.0K −$4.60/SF

NOI

$74.9K $13.79/SF

Area

McHenry 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%

$1,497,960

Cap Rate 7%

$1,069,971

Cap Rate 9%

$832,200

Alternative Uses

Best Use

Office B

$1.07M

$936.2K – $1.25M (±1% cap)

NOI $74,898 @ 7.0% cap · market cap 5.00%

Second Best

Warehouse

$405.6K

$354.9K – $473.2K (±1% cap)

NOI $28,394 @ 7.0% cap · market cap 1.89%

Theoretical Best

Office A

$1.88M

$1.64M – $2.19M (±1% cap)

NOI $131,280 @ 7.0% cap · market cap 8.76%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Office Units

Suggested Use

Top Pick Electrical Service Auto Parts Store Carpet & Flooring Store Kitchen & Bath Showroom Building Supply Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14 ft

Clear height

1

Dock-high doors

Location Intelligence

Trade Area within ½ mile

49

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 60072, IL

988

Population

333

Households

3

Avg Household Size

47

Median Age

36%

College-Educated

96%

High-School Grad

9.7 sq mi

ZIP Area

102

Density / Sq Mi

$153,542

Median Household Income

$66,875

Median Earnings

$1,021

Median Rent

$390,200

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• Greenway Storage & Rental — 4408 State Rte 31, Ringwood, IL 60072
• Pioneer Storage — 4010 Pioneer Rd, Johnsburg, IL 60051
• Stade Grain Co — 4312 Pioneer Rd, McHenry, IL 60051

Frequently Asked Questions

What type of property is this?

Warehouse - Heated warehouse with 10 overhead doors plus a log home on a private pond parcel.

Where is this warehouse located?

The property is located at 4418 North Richmond Road Ringwood, IL.

What is the asking price?

The asking price for this property is $1,499,000.

What are key features of this property?

This property features: Over 8 acres in the Village of Ringwood with mature trees, green contoured land, and a private pond; Heated 8,100 SF warehouse at the rear of the lot with 10 overhead doors (10' to 12') and 14' interior ceilings; Warehouse includes a loading dock for big truck access, plus separate parking with a circle drive