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    153 Youngman Rd Murphysboro, IL 62966

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    27-unit, six-property multifamily portfolio in Murphysboro, Illinois for sale.

    Property Features for 153 Youngman Rd

    General Information

    Standard status
    Active

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    Listing Contact
    Steven Weinstock
    Source: Crexi

    Listing Agency: Marcus & Millichap - Chicago Oak Brook Listing Agent: Steven Weinstock

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Murphysboro Multifamily Portfolio Investment Opportunity

    The Murphysboro Portfolio presents a 27-unit, six-property multifamily portfolio situated across Murphysboro, Illinois. This offering represents an immediate value-add investment opportunity through loss-to-lease turnoff, operational streamlining, and targeted interior upgrades. The assets total 21,996 rentable square feet and feature a mix of one, two, and three-bedroom floor plans. Current rents average $694 compared to market rents of $838, positioning the portfolio for organic revenue growth through lease-renewal capture. The portfolio includes a 25-unit on-site storage facility located at 25 Youngman Road, providing a recurring ancillary income stream. Murphysboro is a stable, employer-diversified hub anchored by Southern Illinois Healthcare, Jackson County government, Aisin, General Dynamics, and nearby Southern Illinois University. This broad workforce base underpins renter demand, evidenced by a 4.7% vacancy rate and 0 units currently under construction within a 5-mile radius. The combination of low basis ($40,741/unit), immediate mark-to-market upside, limited capital requirements, and strong renter demand positions the Murphysboro Portfolio as a compelling, cash-flow-oriented investment within a supply constrained Southern Illinois submarket.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Real Estate Agency Law Firm Building Supply Auto Repair Shop Gym & Fitness Center Department Store Storage Facility HVAC Service Bar & Pub Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Murphysboro
    County
    Jackson
    State
    Illinois
    Longitude
    -89.314973
    Latitude
    37.750913

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    FAQs

    What type of property is this?
    Apartment building - 27-unit, six-property multifamily portfolio in Murphysboro, Illinois for sale.
    Where is this apartment building located?
    The property is located at 153 Youngman Rd Murphysboro, IL.
    What are key features of this property?
    This property features: - Immediate value-add opportunity through loss-to-lease turnoff, operational streamlining, and targeted interior upgrades.; - High occupancy rate (94% economic occupancy) and potential to stabilize above a 10% cap rate.; - Below market rents ($694 average vs. $838 market) allowing for significant organic revenue growth.
    Request Owner's contact information
    153 Youngman Rd Murphysboro, IL 62966
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    Murphysboro, IL 62966
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    153 Youngman Rd Murphysboro, IL 62966
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    Listing Contact
    Steven Weinstock
    Real Estate License ID: 471011175
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