342-372 W Chrysler Dr, Belvidere, IL
15,000 SF retail building, part of shopping center.
- Added:
- May 8, 2023
- Days on Market:
- 1129
- Last Refresh:
- May 20 at 9:11 pm
Property Features for 342-372 W Chrysler Dr
General Information
- Standard status
- Active
- Size
- 15,100 SF
- Lot size
- 2.69 Acres
- Property subtype
- RETAIL
Listing agent Jennifer Berry (815) 871-6156
Listing office GAMBINO REALTORS-Rkfd (815) 871-6156
Listing date May 8, 2023
Source Moodyscre
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 GAMBINO REALTORS-Rkfd
HighLights
- High Traffic Location: 15,000 vehicles per day.
- Anchored by Regional Grocer: Fiesta Market.
- Fully Occupied Retail Building.
- Strong Residential Development Surroundings.
- Multiple Access Points: Pearl St. and Chrysler Dr.
- Building Size: 15,000 SF.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $271.8k | $18.00 |
| − Vacancy | −$9.5k | −$0.63 |
| EGI | $262.3k | $17.37 |
| − OpEx | −$78.7k | −$5.21 |
| NOI | $183.6k | $12.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Belvidere
- County
- Boone
- State
- Illinois
- Longitude
- -88.8423
- Latitude
- 42.2394
