Light-Filled Flex
New
For Sale
$1,250,000
1345 S Eastwood Dr, Woodstock, IL 60098
Two-level commercial space combines showroom, private offices, bathrooms, and warehouse storage with substantial parking and delivery capacity.
Property Size21,696 SF
Price / SF$57.61
Days on Market1
Property Features for 1345 S Eastwood Dr
General Information
Standard status
Active
Size
21,696 SF
Building Details
Year Built
1955
Stories
2
Construction
bow truss
Listing Agency:
Sebastian Co. Real Estate
Listed By:
Donald Sebastian · License #475128823
(800) 462-5077
Source:
Bktchicago
Added: Sep 12
Last Checked: Sep 12 at 2:53PM
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 Sebastian Co. Real Estate
Investment Insights
Based on property information with market context.
This 21,696-square-foot flex property, built in 1955, features a bright showroom with private offices and bathrooms, along with additional showroom and office space on the second floor. A bow-truss warehouse and storage area add functional industrial capacity to the building.
The property sits on a large lot that supports parking and semi-trailer deliveries. Its location on Route 47 provides a defined commercial setting for showroom, office, storage, and distribution-oriented operations.
The property sits on a large lot that supports parking and semi-trailer deliveries. Its location on Route 47 provides a defined commercial setting for showroom, office, storage, and distribution-oriented operations.
Key Highlights
- 21,696‑square‑foot flex property built in 1955
- Two‑level showroom and office configuration with private offices and bathrooms
- Bow‑truss warehouse and storage area
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
$113,407
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
9.07%
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%
$2,268,140
$2.3M
Cap Rate 7%
$1,620,100
$1.6M
Cap Rate 9%
$1,260,078
$1.3M
Market Conditions
NOI Build-Up for 21,696 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
$140.6K $6.48/SF
− Vacancy
−$7.2K −$0.33/SF
EGI
$133.4K $6.15/SF
− OpEx
−$20.0K −$0.92/SF
NOI
$113.4K $5.23/SF
Area
McHenry County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
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%
$2,268,140
Cap Rate 7%
$1,620,100
Cap Rate 9%
$1,260,078
Alternative Uses
Best Use
Retail
$2.99M
$2.62M – $3.49M
NOI $209,356 @ 7.0% cap · market cap 16.75%
Second Best
Flex RnD
$1.85M
$1.62M – $2.16M
NOI $129,536 @ 7.0% cap · market cap 10.36%
Theoretical Best
Office A
$7.49M
$6.55M – $8.74M
NOI $524,345 @ 7.0% cap · market cap 41.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60098, IL
33,153
Population
13,310
Households
2.5
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
104.8 sq mi
ZIP Area
316
Density / Sq Mi
$92,749
Median Household Income
$42,799
Median Earnings
$1,178
Median Rent
$257,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Two-level commercial space combines showroom, private offices, bathrooms, and warehouse storage with substantial parking and delivery capacity.
Where is this flex space located?
The property is located at 1345 S Eastwood Dr Woodstock, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 21,696‑square‑foot flex property built in 1955; Two‑level showroom and office configuration with private offices and bathrooms; Bow‑truss warehouse and storage area
