Building Details

Year Built 1987

Buildings 1

Units 4

Listing Agency: Marcus & Millichap - Chicago Downtown

Listed By: Peter Doughty · License #IL 475.177502 Show Phone

Source: Crexi

Added: Mar 4 Changed: Aug 8 Last Checked: Aug 8 at 6:32AM

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Investment Insights

Based on property information with market context.

This industrial property offers 10,900 square feet of space. The property is being offered for sale and has a capitalization rate of 7.33%.

Key Highlights

• 7.33% CAP Rate
• Industrial Property
• 10,900 SqFt

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,975

Cap Rate

5.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,139,500 $1.1M

Cap Rate 7%

$813,929 $813.9K

Cap Rate 9%

$633,056 $633.1K

Market Conditions

NOI Build-Up for 10,900 SF

Gross rent

$70.6K $6.48/SF

− Vacancy

−$3.6K −$0.33/SF

EGI

$67.0K $6.15/SF

− OpEx

−$10.1K −$0.92/SF

NOI

$57.0K $5.23/SF

Area

Lake 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 Rate 5%

$1,139,500

Cap Rate 7%

$813,929

Cap Rate 9%

$633,056

Alternative Uses

Best Use

Warehouse

$813.9K

$712.2K – $949.6K (±1% cap)

NOI $56,975 @ 7.0% cap · market cap 5.18%

Second Best

Industrial

$670.3K

$586.5K – $782.0K (±1% cap)

NOI $46,921 @ 7.0% cap · market cap 4.27%

Theoretical Best

Office A

$3.76M

$3.29M – $4.39M (±1% cap)

NOI $263,429 @ 7.0% cap · market cap 23.95%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Big Box & Wholesale Store Law Firm Building Supply Electrical Service Skin Care Clinic Furniture & Home Goods

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

429

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 60073, IL

61,721

Population

20,864

Households

3

Avg Household Size

34

Median Age

27%

College-Educated

81%

High-School Grad

18.5 sq mi

ZIP Area

3,336

Density / Sq Mi

$95,457

Median Household Income

$43,228

Median Earnings

$1,461

Median Rent

$215,200

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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

Frequently Asked Questions

What type of property is this?

Warehouse - 10,900 SqFt industrial property with 7.33% CAP rate.

Where is this warehouse located?

The property is located at 1800 Circuit Dr Round Lake Beach, IL.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: 7.33% CAP Rate; Industrial Property; 10,900 SqFt