Streamwood Industrial Condo For
For Sale
Contact for pricing
Pending
161 Sangra Court, Streamwood, IL 60107
2,265 SF industrial warehouse condo with convenient location.
Property Size2,265 SF
Days on Market120
Property Features for 161 Sangra Court
General Information
Standard status
Pending
Size
2,265 SF
Property subtype
Industrial
Listing Agency:
Coldwell Banker Commercial NRT Naperville
Listed By:
Michael Velasco
Source:
Crexi
Added: Apr 29
Changed: Aug 8
Last Checked: Jul 24 at 5:14PM
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 Coldwell Banker Commercial NRT Naperville
Investment Insights
Based on property information with market context.
This 2,265± SF industrial warehouse condo is available for sale in Streamwood, IL. The property features 3-phase power and an overhead door. The interior includes 1 office and 2 bathrooms, with LED lighting throughout. The space is heated and cooled by 2 HVAC units. This is one of the 2 end-cap spaces in the building and is nearest to the shared loading docks. Located on Sangra Court, just off US Route 20 (Lake St), the property offers convenient access to Route 59 and I-390. Pallet racks, a lift truck, and an air compressor are available for sale separately. The property is available to close early July.
Key Highlights
- Prime location near US Route 20 (Lake St), Route 59, and I‑390.
- 2,265± SF industrial warehouse condo with 3‑phase power.
- Overhead door and shared loading docks (end‑cap space nearest docks).
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
$11,839
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
3.95%
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%
$236,780
$236.8K
Cap Rate 7%
$169,129
$169.1K
Cap Rate 9%
$131,544
$131.5K
Market Conditions
NOI Build-Up for 2,265 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
$14.7K $6.48/SF
− Vacancy
−$749 −$0.33/SF
EGI
$13.9K $6.15/SF
− OpEx
−$2.1K −$0.92/SF
NOI
$11.8K $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%
$236,780
Cap Rate 7%
$169,129
Cap Rate 9%
$131,544
Alternative Uses
Best Use
Warehouse
$169.1K
$148.0K – $197.3K
NOI $11,839 @ 7.0% cap · market cap 3.95%
Second Best
Industrial
$139.3K
$121.9K – $162.5K
NOI $9,750 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$782.0K
$684.3K – $912.3K
NOI $54,740 @ 7.0% cap · market cap 18.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60107, IL
39,535
Population
13,476
Households
2.9
Avg Household Size
39
Median Age
29%
College-Educated
87%
High-School Grad
7.7 sq mi
ZIP Area
5,134
Density / Sq Mi
$101,017
Median Household Income
$45,032
Median Earnings
$1,849
Median Rent
$258,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Public Storage — 2620 W Lake St, Hanover Park, IL 60133
- Self-Storage at U-Haul — 529 E Lake St, Streamwood, IL 60107
- Recreational Storage Inc — 2001 S Park Ave, Streamwood, IL 60107
Frequently Asked Questions
What type of property is this?
Warehouse - 2,265 SF industrial warehouse condo with convenient location.
Where is this warehouse located?
The property is located at 161 Sangra Court Streamwood, IL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Prime location near US Route 20 (Lake St), Route 59, and I‑390.; 2,265± SF industrial warehouse condo with **3‑phase power**.; Overhead door and shared loading docks (end‑cap space nearest docks).
