Downtown Industrial Flex
For Sale
Contact for pricing
207 North 6th Street, Dekalb, IL 60115
Industrial building features three OH doors, 1,000 SF office, 16' ceilings, and outside parking and storage.
Property Size8,000 SF
Price / SF$68.75
Days on Market49
Property Features for 207 North 6th Street
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Industrial
Zoning
Light Industrial
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
3
Heavy Power
Yes
Building Details
Year Built
1897
Listing Agency:
RVG Commercial Real Estate
Listed By:
Mike Carpenter · License #IL 471.009955
Source:
Crexi
Added: Jul 9
Changed: Aug 14
Last Checked: Aug 26 at 2:14AM
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 RVG Commercial Real Estate
Investment Insights
Based on property information with market context.
This 8,000-square-foot industrial flex building includes shop space with clear span trusses and 16' ceiling height. The building is equipped with three overhead doors: two doors measuring 12x14 and one measuring 12x12. Electrical service is provided via 400 amp, 3-phase power.
An attached 1,000-square-foot office area includes two washrooms. Additional features include shop additions and exterior parking and storage for vehicles and materials.
With multiple overhead access points, clear span shop configuration, and dedicated office space, the property is well suited for operations needing both warehouse and office use within a downtown DeKalb setting.
An attached 1,000-square-foot office area includes two washrooms. Additional features include shop additions and exterior parking and storage for vehicles and materials.
With multiple overhead access points, clear span shop configuration, and dedicated office space, the property is well suited for operations needing both warehouse and office use within a downtown DeKalb setting.
Key Highlights
- 8,000 SF industrial building built in 1897 in downtown DeKalb
- Features 3 overhead (OH) doors: 2 (12x14) and 1 (12x12)
- 400 amp 3P electrical service
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
$41,817
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
7.60%
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%
$836,340
$836.3K
Cap Rate 7%
$597,386
$597.4K
Cap Rate 9%
$464,633
$464.6K
Market Conditions
NOI Build-Up for 8,000 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
$51.8K $6.48/SF
− Vacancy
−$2.6K −$0.33/SF
EGI
$49.2K $6.15/SF
− OpEx
−$7.4K −$0.92/SF
NOI
$41.8K $5.23/SF
Area
DeKalb 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%
$836,340
Cap Rate 7%
$597,386
Cap Rate 9%
$464,633
Alternative Uses
Best Use
Flex RnD
$1.20M
$1.05M – $1.40M
NOI $84,240 @ 7.0% cap · market cap 15.32%
Second Best
Warehouse
$597.4K
$522.7K – $697.0K
NOI $41,817 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$2.76M
$2.42M – $3.22M
NOI $193,342 @ 7.0% cap · market cap 35.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
3
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60115, IL
42,103
Population
18,175
Households
2.3
Avg Household Size
29
Median Age
36%
College-Educated
90%
High-School Grad
81.0 sq mi
ZIP Area
520
Density / Sq Mi
$46,808
Median Household Income
$22,838
Median Earnings
$1,018
Median Rent
$205,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial building features three OH doors, 1,000 SF office, 16' ceilings, and outside parking and storage.
Where is this flex space located?
The property is located at 207 North 6th Street Dekalb, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 8,000 SF industrial building built in 1897 in downtown DeKalb; Features 3 overhead (OH) doors: 2 (12x14) and 1 (12x12); 400 amp 3P electrical service
