Built-Out Medical
For Sale
$1,200,000
3965 75th St # B, Aurora, IL 60504
Established medical-office improvements support occupancy by a healthcare user or flexible shared-use arrangement.
Property Size3,946 SF
Days on Market229
Property Features for 3965 75th St # B
General Information
Standard status
Active
Size
3,946 SF
Class
B
Property subtype
Medical/Healthcare
Additional Details
Highway Access
Yes
Building Details
Building Size
3,946 SF
Year Built
2006
Properties For Sale
at 3965 75th St # B
3965 75th St # B
Size
3,946 SF
Lease Type
Modified Gross
Listing Agency:
O'Donnell Commercial Real Estate, Inc.
Listed By:
Kevin O'Donnell
(630) 444-0444
Source:
Thebrokerlist
Added: Feb 18
Changed: Sep 10
Last Checked: Oct 4 at 6:09AM
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 O'Donnell Commercial Real Estate, Inc.
Investment Insights
Based on property information with market context.
This medical office property features a fully built-out healthcare interior and was constructed in 2006. The space is available for a medical lease or a timeshare arrangement, providing two documented occupancy formats for prospective users.
The property is located in Aurora near the junction of Ogden Avenue, Route 34, and Highway 59. Its address is 3965 75th St # B, Aurora, IL 60504.
The property is located in Aurora near the junction of Ogden Avenue, Route 34, and Highway 59. Its address is 3965 75th St # B, Aurora, IL 60504.
Key Highlights
- Fully built‑out medical office space
- Constructed in 2006
- Lease or timeshare occupancy options
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
$58,243
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
4.85%
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%
$1,164,860
$1.2M
Cap Rate 7%
$832,043
$832.0K
Cap Rate 9%
$647,144
$647.1K
Market Conditions
NOI Build-Up for 3,946 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
$94.7K $24.00/SF
− Vacancy
−$17.0K −$4.32/SF
EGI
$77.7K $19.68/SF
− OpEx
−$19.4K −$4.92/SF
NOI
$58.2K $14.76/SF
Area
Aurora, IL
Vacancy
18.00%
Lease Rate
$24.00 /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%
$1,164,860
Cap Rate 7%
$832,043
Cap Rate 9%
$647,144
Alternative Uses
Best Use
Office B
$832.0K
$728.0K – $970.7K
NOI $58,243 @ 7.0% cap · market cap 4.85%
Second Best
Healthcare Medical
$803.6K
$703.2K – $937.6K
NOI $56,254 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$1.13M
$988.5K – $1.32M
NOI $79,078 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60504, IL
38,901
Population
15,029
Households
2.6
Avg Household Size
35
Median Age
49%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
4,421
Density / Sq Mi
$98,249
Median Household Income
$48,678
Median Earnings
$1,861
Median Rent
$272,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Established medical-office improvements support occupancy by a healthcare user or flexible shared-use arrangement.
Where is this medical office space located?
The property is located at 3965 75th St # B Aurora, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fully built‑out medical office space; Constructed in 2006; Lease or timeshare occupancy options
