Medical Office Space For
For Sale
Contact for pricing
Pending
19 Wolf Creek Dr, Swansea, IL 62226
Medical office space available for sale in Swansea, Illinois.
Property Size7,300 SF
Days on Market139
Property Features for 19 Wolf Creek Dr
General Information
Standard status
Pending
Size
7,300 SF
Property subtype
Office
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Sale/Leaseback
Building Details
Year Built
2000
Listing Agency:
Matthews
Listed By:
Remi Bogdanovich · License #02236192
Source:
Crexi
Added: Mar 27
Changed: Aug 8
Last Checked: Jul 24 at 12:23PM
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 Matthews
Investment Insights
Based on property information with market context.
This commercial real estate property, identified as the ENT Institute of Southern Illinois, is available for sale. The property offers 7,300 square feet of space and is suitable for medical office or general office use.
Key Highlights
- Established ENT Institute
- Located in Southern Illinois
- Built in 2000
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
$86,085
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
4.60%
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%
$1,721,700
$1.7M
Cap Rate 7%
$1,229,786
$1.2M
Cap Rate 9%
$956,500
$956.5K
Market Conditions
NOI Build-Up for 7,300 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
$160.3K $21.96/SF
− Vacancy
−$16.8K −$2.31/SF
EGI
$143.5K $19.65/SF
− OpEx
−$57.4K −$7.86/SF
NOI
$86.1K $11.79/SF
Area
St. Clair County, IL
Vacancy
10.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
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%
$1,721,700
Cap Rate 7%
$1,229,786
Cap Rate 9%
$956,500
Alternative Uses
Best Use
Healthcare Medical
$1.23M
$1.08M – $1.43M
NOI $86,085 @ 7.0% cap · market cap 4.60%
Second Best
Office B
$1.21M
$1.06M – $1.41M
NOI $84,622 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $120,972 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62226, IL
29,156
Population
13,285
Households
2.2
Avg Household Size
42
Median Age
33%
College-Educated
94%
High-School Grad
13.9 sq mi
ZIP Area
2,098
Density / Sq Mi
$66,018
Median Household Income
$43,284
Median Earnings
$946
Median Rent
$162,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Lashley Animal Hospital — 3120 N Illinois St, Swansea, IL 62226
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space available for sale in Swansea, Illinois.
Where is this medical office space located?
The property is located at 19 Wolf Creek Dr Swansea, IL.
What is the asking price?
The asking price for this property is $1,871,795.
What are key features of this property?
This property features: Established ENT Institute; Located in Southern Illinois; Built in 2000
