Warehouse Property for
For Sale
$115,500
3071 JACOB Road, Jacob, IL 62950
Industrial warehouse property in Jacob, IL offered for sale and located in the center of town.
Property Size1,200 SF
Days on Market302
Property Features for 3071 JACOB Road
General Information
Standard status
Active
Size
1,200 SF
Taxes and HOA fees
Annual Taxes
$1,301
Amenities
Central Air
Building Details
Building Size
1,200 SF
Year Built
1975
Stories
1
Listing Agency:
Century 21 House of Realty, Inc. Carbondale
(618) 527-2623
Listed By:
Austin Riggio
(618) 527-2623
Source:
Evrealestate
Added: Oct 14, 2025
Changed: Aug 8
Last Checked: Jul 16 at 5:58AM
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 Century 21 House of Realty, Inc. Carbondale
Investment Insights
Based on property information with market context.
This property is a warehouse/industrial building being offered for sale. The available information does not specify interior layout, size, or condition, but the asset is positioned as an industrial-use facility.
The building is located at 3071 Jacob Road in Jacob, Illinois, within Jackson County. The provided directions note access via Hwy 149 W from Murphysboro to IL RT 3 toward Chester, with a left on Big Lake Rd and continued travel to downtown Jacob, where the building is described as being in the center of town.
For buyers or operators seeking a warehouse-style facility, this offering provides a straightforward starting point for storage or other warehouse operations, subject to applicable local approvals. Prospective tenants and buyers should confirm building-specific details such as available utilities, access, and any use requirements during their due diligence.
The building is located at 3071 Jacob Road in Jacob, Illinois, within Jackson County. The provided directions note access via Hwy 149 W from Murphysboro to IL RT 3 toward Chester, with a left on Big Lake Rd and continued travel to downtown Jacob, where the building is described as being in the center of town.
For buyers or operators seeking a warehouse-style facility, this offering provides a straightforward starting point for storage or other warehouse operations, subject to applicable local approvals. Prospective tenants and buyers should confirm building-specific details such as available utilities, access, and any use requirements during their due diligence.
Key Highlights
- Industrial warehouse property located in the center of town in Jacob, IL (Jackson County)
- Central air cooling
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
$7,027
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
6.08%
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%
$140,540
$140.5K
Cap Rate 7%
$100,386
$100.4K
Cap Rate 9%
$78,078
$78.1K
Market Conditions
NOI Build-Up for 1,200 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
$8.9K $7.44/SF
− Vacancy
−$661 −$0.55/SF
EGI
$8.3K $6.89/SF
− OpEx
−$1.2K −$1.03/SF
NOI
$7.0K $5.86/SF
Area
Jackson County, IL
Vacancy
7.40%
Lease Rate
$7.44 /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%
$140,540
Cap Rate 7%
$100,386
Cap Rate 9%
$78,078
Alternative Uses
Best Use
Warehouse
$100.4K
$87.8K – $117.1K
NOI $7,027 @ 7.0% cap · market cap 6.08%
Second Best
Industrial
$82.7K
$72.3K – $96.5K
NOI $5,787 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$327.1K
$286.2K – $381.6K
NOI $22,896 @ 7.0% cap · market cap 19.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62950, IL
193
Population
68
Households
2.8
Avg Household Size
36
Median Age
33%
College-Educated
88%
High-School Grad
32.2 sq mi
ZIP Area
6
Density / Sq Mi
$69,063
Median Household Income
$58,333
Median Earnings
$107,000
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?
Warehouse - Industrial warehouse property in Jacob, IL offered for sale and located in the center of town.
Where is this warehouse located?
The property is located at 3071 JACOB Road Jacob, IL.
What is the asking price?
The asking price for this property is $115,500.
What are key features of this property?
This property features: Industrial warehouse property located in the center of town in Jacob, IL (Jackson County); Central air cooling
