Office/Warehouse on 0.9
For Sale
Contact for pricing
2525 19 St, Granite City, IL
7,200 SF office/warehouse with asphalt parking lot.
Property Size7,200 SF
Lot Size0.90 Acres
Price / SF$48.61
Days on Market563
Property Features for 2525 19 St
General Information
Standard status
Active
Size
7,200 SF
Lot size
0.90 Acres
Property subtype
INDUSTRIAL
Listing Agency:
BARBERMurphy
(618) 277-4400
Listed By:
Steve C Zuber
(314) 409-7283
Source:
Moodyscre
Added: Feb 28, 2025
Changed: Sep 11
Last Checked: Sep 13 at 6:20AM
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.
This 7,200 SF office/warehouse is located on a 0.9-acre lot. The property includes 1,440 SF of office space and 5,760 SF of warehouse space. It features one 8'x8' grade-level door and 10' ceiling heights. The property also has an asphalt parking lot.
Key Highlights
- 7,200 SF total space (office/warehouse)
- 5,760 SF of warehouse space
- 1,440 SF of office space
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
$29,748
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
8.50%
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%
$594,960
$595.0K
Cap Rate 7%
$424,971
$425.0K
Cap Rate 9%
$330,533
$330.5K
Market Conditions
NOI Build-Up for 7,200 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
$43.6K $6.06/SF
− Vacancy
−$1.1K −$0.16/SF
EGI
$42.5K $5.90/SF
− OpEx
−$12.7K −$1.77/SF
NOI
$29.7K $4.13/SF
Area
Madison County, IL
Vacancy
2.60%
Lease Rate
$6.06 /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%
$594,960
Cap Rate 7%
$424,971
Cap Rate 9%
$330,533
Alternative Uses
Best Use
Warehouse
$516.0K
$451.5K – $602.1K
NOI $36,123 @ 7.0% cap · market cap 10.32%
Second Best
Industrial
$425.0K
$371.9K – $495.8K
NOI $29,748 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,376 @ 7.0% cap · market cap 39.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Dixon Mini Storage — 1736 Grand Ave, Granite City, IL 62040
- Granite City Storage — 2001 Adams St, Granite City, IL 62040
Frequently Asked Questions
What type of property is this?
Warehouse - 7,200 SF office/warehouse with asphalt parking lot.
Where is this warehouse located?
The property is located at 2525 19 St Granite City, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 7,200 SF total space (office/warehouse); 5,760 SF of warehouse space; 1,440 SF of office space
