Flex Space with Six Garage
4436 Industrial Drive, Godfrey, IL 62002
For Sale
$1,800,000
Office, shop, and detached storage areas support administrative and industrial functions at one property.
Property Size15,100 SF
Lot Size3.06 Acres
Price / SF$119.21
Days on Market102
Property Features for 4436 Industrial Drive
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Office Build-Out
Drive-In Doors
Additional Details
Highway Access
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
ADA-compliant restrooms with showers
kitchens
lunchroom
camera system
alarm system
Lenel badge-reader entry system
Building Details
Year Built
Buildings
Listing Agency:
Tarrant and Harman Real Estate and Auction Co
(618) 433-9436
Listed By:
Travis Tarrant · License #471016673
(618) 974-9259
Source:
Finehomesbydawn
Added: Jul 31
Changed: Nov 7
Last Checked: Nov 8 at 7:53AM
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 Tarrant and Harman Real Estate and Auction Co
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex facility contains approximately 15,100 square feet, divided between 9,421 square feet of office space and 5,679 square feet of shop area. The office portion includes two kitchens, a lunchroom sized for approximately 30 people, and three ADA-compliant restrooms with showers. Camera surveillance, an alarm, and Lenel badge-reader access are installed. The shop has six oversized garage doors and an oil separator system.
The property occupies 3.06 acres and includes two detached buildings, measuring approximately 24' x 24' and 74' x 36'. Highway visibility and access to major transportation routes are noted. The main facility was built in 1979.
The property occupies 3.06 acres and includes two detached buildings, measuring approximately 24' x 24' and 74' x 36'. Highway visibility and access to major transportation routes are noted. The main facility was built in 1979.
Key Highlights
- Approximately 15,100 square feet, including 9,421 square feet of office and 5,679 square feet of shop space
- Six oversized garage doors and an oil separator system in the shop
- Two detached buildings: approximately 24' x 24' and 74' x 36'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,389
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,247,780
$1.2M
Cap Rate 7%
$891,271
$891.3K
Cap Rate 9%
$693,211
$693.2K
Market Conditions
NOI Build-Up for 15,100 SF
Gross rent
$91.5K $6.06/SF
− Vacancy
−$2.4K −$0.16/SF
EGI
$89.1K $5.90/SF
− OpEx
−$26.7K −$1.77/SF
NOI
$62.4K $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 Rate 5%
$1,247,780
Cap Rate 7%
$891,271
Cap Rate 9%
$693,211
Alternative Uses
Best Use
Industrial
$891.3K
$779.9K – $1.04M
NOI $62,389 @ 7.0% cap · market cap 3.47%
Second Best
Flex RnD
$797.2K
$697.6K – $930.1K
NOI $55,807 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$4.12M
$3.60M – $4.80M
NOI $288,108 @ 7.0% cap · market cap 16.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62002, IL
30,176
Population
14,832
Households
2
Avg Household Size
41
Median Age
24%
College-Educated
92%
High-School Grad
41.3 sq mi
ZIP Area
731
Density / Sq Mi
$57,851
Median Household Income
$38,120
Median Earnings
$941
Median Rent
$114,300
Median Home Value
Market
Properties on Market for Flex space in Madison County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Office, shop, and detached storage areas support administrative and industrial functions at one property.
Where is this flex space located?
The property is located at 4436 Industrial Drive Godfrey, IL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Approximately 15,100 square feet, including 9,421 square feet of office and 5,679 square feet of shop space; Six oversized garage doors and an oil separator system in the shop; Two detached buildings: approximately 24' x 24' and 74' x 36'
