Vehicle Showroom with Truck
New
For Sale
Contact for pricing
2200 W Ramada Ln, Carbondale, IL 62901
Renovated dealership facility with paved parking, service access, and BPL Planned Business District zoning.
Property Size22,719 SF
Lot Size2.19 Acres
Price / SF$59.42
Days on Market5
Property Features for 2200 W Ramada Ln
General Information
Standard status
Active
Size
22,719 SF
Total Parking Spaces
68
Lot size
2.19 Acres
Property subtype
RETAIL
Zoning
BPL
Site & Location
Corner Location
Yes
Traffic Count
15,200 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
truck doors
electric heat
package-unit cooling
acoustic ceiling panels
Building Details
Year Built
1998
Year Renovated
2014
Buildings
1
Construction
masonry
Tenancy
Single
Parking Ratio
2.99 per 1,000 SF
Listing Agency:
BARBERMurphy
(618) 277-4400
Listed By:
Matt Barriger · License #475148523
(618) 973-5507
Source:
Moodyscre
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 13 at 10:46AM
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
Investment Insights
Based on property information with market context.
The property comprises a 22,719-square-foot retail showroom on a 2.19-acre corner parcel. Built in 1998 and renovated in 2014, the facility includes an added metal-building section and was configured for recreational vehicle and powersports dealership operations. Masonry-frame construction, concrete block exterior walls, a flat metal-covered roof, and a poured concrete slab foundation define the building. Interior features include carpet, linoleum, and tile flooring, painted drywall, acoustic ceiling panels, electric heat, and package-unit cooling. The building also provides a 14-foot clear height and three truck doors, including one equipped with a leveler.
The site is positioned at W Ramada Lane and IL Route 13, with approximately 15,200 vehicles per day and 233 feet of secondary frontage plus 315 feet of tertiary frontage. Improvements include 68 paved, open-surface parking spaces. BPL zoning, identified as Planned Business District under the City of Carbondale, permits large-item retail, motor vehicle sales, and similar commercial uses. Regional connectivity includes I-57 and I-55.
The site is positioned at W Ramada Lane and IL Route 13, with approximately 15,200 vehicles per day and 233 feet of secondary frontage plus 315 feet of tertiary frontage. Improvements include 68 paved, open-surface parking spaces. BPL zoning, identified as Planned Business District under the City of Carbondale, permits large-item retail, motor vehicle sales, and similar commercial uses. Regional connectivity includes I-57 and I-55.
Key Highlights
- 22,719‑square‑foot showroom on a 2.19‑acre corner lot
- 233 feet of secondary frontage and 315 feet of tertiary frontage
- Approximately 15,200 vehicles per day along IL Route 13
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
$109,565
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
8.12%
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%
$2,191,300
$2.2M
Cap Rate 7%
$1,565,214
$1.6M
Cap Rate 9%
$1,217,389
$1.2M
Market Conditions
NOI Build-Up for 22,719 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
$169.0K $7.44/SF
− Vacancy
−$12.5K −$0.55/SF
EGI
$156.5K $6.89/SF
− OpEx
−$47.0K −$2.07/SF
NOI
$109.6K $4.82/SF
Area
Jackson County, IL
Vacancy
7.40%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
30.00%
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%
$2,191,300
Cap Rate 7%
$1,565,214
Cap Rate 9%
$1,217,389
Alternative Uses
Best Use
Retail
$3.92M
$3.43M – $4.57M
NOI $274,237 @ 7.0% cap · market cap 20.31%
Second Best
Industrial
$1.57M
$1.37M – $1.83M
NOI $109,565 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$6.19M
$5.42M – $7.22M
NOI $433,479 @ 7.0% cap · market cap 32.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
15,200 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
16k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Home Improvements & Furnishings 38%
Cotton's Ace Hardware
Home Improvements & Furnishings
6,042 visits/mo
0.4 miles
Dollar General
Shops & Services
5,551 visits/mo
0.0 miles
Shell
Shops & Services
4,155 visits/mo
0.3 miles
Demographics for 62901, IL
22,967
Population
12,498
Households
1.8
Avg Household Size
29
Median Age
48%
College-Educated
95%
High-School Grad
27.1 sq mi
ZIP Area
847
Density / Sq Mi
$32,960
Median Household Income
$23,962
Median Earnings
$732
Median Rent
$137,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Renovated dealership facility with paved parking, service access, and BPL Planned Business District zoning.
Where is this showroom located?
The property is located at 2200 W Ramada Ln Carbondale, IL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 22,719‑square‑foot showroom on a 2.19‑acre corner lot; 233 feet of secondary frontage and 315 feet of tertiary frontage; Approximately 15,200 vehicles per day along IL Route 13
