Medical Office Building with
For Sale
$1,400,000
3301 Resource Parkway, Dekalb, IL 60115
Medical office suites offer separate entrances, individual metering, and dedicated off-street parking.
Property Size8,760 SF
Days on Market110
Property Features for 3301 Resource Parkway
General Information
Standard status
Active
Size
8,760 SF
Property subtype
Commercial
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$30,925
Building Details
Building Size
8,760 SF
Year Built
2001
Buildings
1
Stories
1
Units
4
Listing Agency:
RVG Commercial Realty
(815) 754-4000
Listed By:
Denise Weinmann · License #475122227
(815) 754-4000
Source:
Ozmentrealestate
Added: Apr 21
Changed: Aug 7
Last Checked: Aug 8 at 11:05AM
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 Realty
Investment Insights
Based on property information with market context.
Built in 2001, this medical office property is arranged for separate suite operations, with each suite providing its own entrance and individual metering. One unit is available for lease, and the building includes a private, lighted off-street parking lot. Building signage and pylon signage at both parking-lot entrances provide identified sign locations.
Located at 3301 Resource Parkway in DeKalb, Illinois, the property is near Northwestern Hospital and other medical office users. The site carries COMMR zoning and combines medical office functionality with independently accessed suites and dedicated parking.
Located at 3301 Resource Parkway in DeKalb, Illinois, the property is near Northwestern Hospital and other medical office users. The site carries COMMR zoning and combines medical office functionality with independently accessed suites and dedicated parking.
Key Highlights
- Medical office property built in 2001
- 1 unit available for lease
- Separate entrances and individual metering for each suite
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
$120,786
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
8.63%
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%
$2,415,720
$2.4M
Cap Rate 7%
$1,725,514
$1.7M
Cap Rate 9%
$1,342,067
$1.3M
Market Conditions
NOI Build-Up for 8,760 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
$214.4K $24.48/SF
− Vacancy
−$53.4K −$6.10/SF
EGI
$161.0K $18.38/SF
− OpEx
−$40.3K −$4.60/SF
NOI
$120.8K $13.79/SF
Area
DeKalb County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
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%
$2,415,720
Cap Rate 7%
$1,725,514
Cap Rate 9%
$1,342,067
Alternative Uses
Best Use
Office B
$1.73M
$1.51M – $2.01M
NOI $120,786 @ 7.0% cap · market cap 8.63%
Second Best
Healthcare Medical
$1.66M
$1.45M – $1.93M
NOI $116,052 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$3.02M
$2.65M – $3.53M
NOI $211,710 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,043
Businesses Nearby
Well-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 Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Dr. Katherine Clement DVM — 2400 Bethany Rd, Sycamore, IL 60178, United States
- Dr. Heather Brown, DVM — 2400 Bethany Rd, Sycamore, IL 60178, United States
- Dr. Carlos E. Dominquez, DVM — 2400 Bethany Rd, Sycamore, IL 60178
- Dr. Charles R. Schelkopf, DVM — 2400 Bethany Rd, Sycamore, IL 60178
- Dr. Le Ann Gruber, DVM — 2400 Bethany Rd, Sycamore, IL 60178
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office suites offer separate entrances, individual metering, and dedicated off-street parking.
Where is this medical office space located?
The property is located at 3301 Resource Parkway Dekalb, IL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Medical office property built in 2001; 1 unit available for lease; Separate entrances and individual metering for each suite
