Lake Zurich Warehouse For
For Sale
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1400 Rose Rd, Lake Zurich, IL 60047
78,651 sqft warehouse with expansion land in Lake Zurich.
Property Size78,651 SF
Price / SF$152.56
Days on Market150
Property Features for 1400 Rose Rd
General Information
Standard status
Active
Size
78,651 SF
Class
A
Property subtype
Industrial
Zoning
IND
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
2023
Tenancy
Single
Listing Agency:
Entre Commercial Realty LLC
Listed By:
Jack Steineke · License #475.217280
Source:
Crexi
Added: Mar 21
Changed: Aug 8
Last Checked: Aug 8 at 6:28AM
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 Entre Commercial Realty LLC
Investment Insights
Based on property information with market context.
This 78,651 square foot property is located in Lake Zurich, IL. It is suitable for warehouse and industrial use. The property features higher clear heights and modern specifications. It is fully air conditioned and includes a solar electric panel system. The building has expansion land and triple basin drains. The property has been recognized with an award.
Key Highlights
- Institutional‑quality asset
- Expansion land available
- Fully air conditioned for comfort
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
$411,116
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
3.43%
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%
$8,222,320
$8.2M
Cap Rate 7%
$5,873,086
$5.9M
Cap Rate 9%
$4,567,956
$4.6M
Market Conditions
NOI Build-Up for 78,651 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
$509.7K $6.48/SF
− Vacancy
−$26.0K −$0.33/SF
EGI
$483.7K $6.15/SF
− OpEx
−$72.5K −$0.92/SF
NOI
$411.1K $5.23/SF
Area
Cook 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%
$8,222,320
Cap Rate 7%
$5,873,086
Cap Rate 9%
$4,567,956
Alternative Uses
Best Use
Warehouse
$5.87M
$5.14M – $6.85M
NOI $411,116 @ 7.0% cap · market cap 3.43%
Second Best
Industrial
$4.84M
$4.23M – $5.64M
NOI $338,566 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$27.15M
$23.76M – $31.68M
NOI $1,900,822 @ 7.0% cap · market cap 15.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60047, IL
43,944
Population
15,877
Households
2.8
Avg Household Size
43
Median Age
67%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
1,259
Density / Sq Mi
$173,043
Median Household Income
$82,803
Median Earnings
$1,817
Median Rent
$510,000
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?
Warehouse - 78,651 sqft warehouse with expansion land in Lake Zurich.
Where is this warehouse located?
The property is located at 1400 Rose Rd Lake Zurich, IL.
What is the asking price?
The asking price for this property is $11,999,000.
What are key features of this property?
This property features: Institutional‑quality asset; Expansion land available; Fully air conditioned for comfort
