Listing Agency: RE/MAX PROPERTY SOURCE t***@remax.net Show Phone

Listed By: Tom Humpal · License #471009721 Show Phone

Source: Moodyscre

Added: Aug 21 Changed: Aug 28 Last Checked: Aug 28 at 3:19PM

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Investment Insights

Based on property information with market context.

This 14,185-square-foot commercial property is an operating pharmacy in Poplar Grove, Illinois. The offering includes both the land and the building, while inventory is separate from the transaction. The property is located at 13521 IL Route 76, providing a clearly identified location along a state route. Operating financial information is available upon request subject to a signed NDA. The asset is presented as a pharmacy property, with additional uses referenced in the property information but not further defined.

Key Highlights

• Operating pharmacy property
• 14,185 square feet
• Land and building included in the sale

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

$166,833

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

5.75%

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%

$3,336,660 $3.3M

Cap Rate 7%

$2,383,329 $2.4M

Cap Rate 9%

$1,853,700 $1.9M

Market Conditions

NOI Build-Up for 14,185 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

$229.8K $16.20/SF

− Vacancy

−$7.4K −$0.52/SF

EGI

$222.4K $15.68/SF

− OpEx

−$55.6K −$3.92/SF

NOI

$166.8K $11.76/SF

Area

Rock Island County, IL

Vacancy

3.20%

Lease Rate

$16.20 /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%

$3,336,660

Cap Rate 7%

$2,383,329

Cap Rate 9%

$1,853,700

Alternative Uses

Best Use

Specialty Retail

$2.38M

$2.09M – $2.78M (±1% cap)

NOI $166,833 @ 7.0% cap · market cap 5.75%

Second Best

Retail

$1.68M

$1.47M – $1.96M (±1% cap)

NOI $117,307 @ 7.0% cap · market cap 4.05%

Theoretical Best

Healthcare Medical

$2.42M

$2.11M – $2.82M (±1% cap)

NOI $169,105 @ 7.0% cap · market cap 5.83%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Drug stores

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 61065, IL

11,206

Population

3,846

Households

2.9

Avg Household Size

38

Median Age

23%

College-Educated

92%

High-School Grad

50.9 sq mi

ZIP Area

220

Density / Sq Mi

$104,216

Median Household Income

$50,958

Median Earnings

$1,469

Median Rent

$208,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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

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Frequently Asked Questions

What type of property is this?

Drug store - Pharmacy facility with the land and building included in the sale; inventory is handled separately.

Where is this drug store located?

The property is located at 13521 Il Route 76 Poplar Grove, IL.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: Operating pharmacy property; 14,185 square feet; Land and building included in the sale