Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1607 Eastport Plz Dr Collinsville, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Available warehouse space in Collinsville's Eastport Plaza Business Park.

    Type:INDUSTRIAL
    Property size:
    26,140 SF
    Lot size:
    12.77 Acres
    Added:
    Dec 1, 2024
    Days on Market:
    511
    Last Refresh:
    Apr 5 at 8:18 pm

    Property Features for 1607 Eastport Plz Dr

    General Information

    Standard status
    Active
    Size
    26,140 SF
    Lot size
    12.77 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 1607 Eastport Plz Dr Contact us

    We can help!

    Listing Contact
    Steve C Zuber

    Listing agent Steve C Zuber

    Listing office BARBERMurphy

    Listing date Dec 1, 2024

    Source Moodyscre

    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 BARBERMurphy

    Overview

    Collinsville Warehouse Space Available

    This multi-tenant tilt-up concrete office warehouse space, constructed in 2015, offers 26,140 square feet for lease. The available space includes 3,165 square feet of furnished office area. The warehouse features three 8'x10' dock doors, one 12'x14' overhead door, and a 20' clear height. The property is fully sprinkled and may be divided. Some warehouse racking is currently in place. The property is centrally located in Collinsville's Eastport Plaza Business Park, providing excellent access to I-255, Exit 26, and I-55/70.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Source 1™ HVAC ... Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • EZ Lock Self Storage — 700 Johnson Hill Rd, Collinsville, IL 62234
    • Storage Rentals of America — 700 Johnson Hill Rd, Collinsville, IL 62234

    Location Insight

    • Map
    • Local Demand
    City
    Collinsville
    County
    Madison
    State
    Illinois
    Longitude
    -90.0167
    Latitude
    38.6774

    Nearby Similar for Lease

    • $5,000/Mo

      Collinsville Commercial Space For Lease

      Versatile commercial space in Collinsville, available immediately.
      1902 Vandalia Street, Collinsville, IL 62234
      View Details
    • $600/Mo

      Collinsville Office Space For Lease

      Office space available in Collinsville, Illinois.
      101 St Louis Rd, Collinsville, IL 62234
      View Details
    • $16 SF/Yr

      Collinsville Office Space for Lease

      13,000+ SF office space available in Collinsville's Eastport District.
      1616 Eastport Plaza Dr, Collinsville, IL
      View Details
    • $13 SF/Yr

      Turnkey Medical Office For Lease

      3,600 SF medical office with easy highway access.
      101 United Dr, Collinsville, IL
      View Details
    • Contact for pricing

      Retail Space Near Super Wal-Mart

      Retail space in power center near major highway intersection.
      1100-1146 Collinsville Crossing Blvd, Collinsville, IL
      View Details
    • Contact for pricing

      Collinsville Office Space For Rent

      Office suite with reception area and six private offices.
      240-260 Regency Ctr, Collinsville, IL
      View Details
    • $11 SF/Yr

      Collinsville Warehouse/Service Buildings For Rent

      Two 48,000 SF warehouse/service buildings available for lease.
      McDonough Lake Rd 1001, Collinsville, IL
      View Details
    • $11 SF/Yr

      Collinsville Warehouse/Service Buildings For Rent

      Two 48,000 SF warehouse/service buildings available for lease.
      McDonough Lake Rd 1003, Collinsville, IL
      View Details
    • Contact for pricing

      Retail Space Near Super Wal-Mart

      Retail space in power center near high-volume Wal-Mart.
      1100 Collinsville Blvd, Collinsville, IL, 62234
      View Details
    • $7 SF/Yr

      Collinsville Industrial Space For Lease

      Industrial space for lease featuring docks, drive-in doors, and parking.
      1000 Fournie Ln, Collinsville, IL
      View Details
    • Contact for pricing

      Collinsville Flex Space For Rent

      Flex space available for rent in Collinsville, Illinois.
      907 N Bluff Rd, Collinsville, IL 62234
      View Details
    • $12 SF/Yr

      Retail Space Near Interstate 55/70

      Retail space available for lease near Interstate 55/70.
      2533-2549 Vandalia St, Collinsville, IL
      View Details

    FAQs

    What type of property is this?
    Warehouse - Available warehouse space in Collinsville's Eastport Plaza Business Park.
    Where is this warehouse located?
    The property is located at 1607 Eastport Plz Dr Collinsville, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Excellent access to I‑255 (Exit 26) and I‑55/70.; 26,140 sf available for lease in a 53,300 sf building.; Includes **3,165 sf of fully furnished office space.**
    (618) 277-4400 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steve C Zuber
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!