Firestone Auto
New
For Sale
Contact for pricing
4750 16th Street, Moline, IL 61265
Single-tenant facility leased to Firestone Complete Auto Care along a major commercial corridor.
Property Size6,600 SF
Price / SF$139.24
Days on Market6
Property Features for 4750 16th Street
General Information
Standard status
Active
Size
6,600 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Net Operating Income
$58,816
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1990
Tenancy
Single
Listing Agency:
Forged Real Estate
(610) 608-2621
Listed By:
Marc Mandel · License #NJ
Source:
Crexi
Added: Aug 6
Changed: Aug 10
Last Checked: Aug 10 at 3:56AM
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 Forged Real Estate
Investment Insights
Based on property information with market context.
This 6600-square-foot automotive property in Moline, Illinois, is leased to Firestone Complete Auto Care. Built in 1990, the single-tenant facility is positioned along 16th Street, one of two major commercial corridors identified for the surrounding retail area.
The property is located less than one mile from Interstate 74 and Interstate 280, with nearby access to Rock River Plaza and its Lowe’s and Walmart Supercenter anchors. The site is also described as an outparcel to SouthPark Mall, placing the automotive operation within an established retail setting. Firestone has operated at this location for more than 35 years, reflecting a long operating history at the property.
The property is located less than one mile from Interstate 74 and Interstate 280, with nearby access to Rock River Plaza and its Lowe’s and Walmart Supercenter anchors. The site is also described as an outparcel to SouthPark Mall, placing the automotive operation within an established retail setting. Firestone has operated at this location for more than 35 years, reflecting a long operating history at the property.
Key Highlights
- 6600‑square‑foot automotive property built in 1990
- Leased to Firestone Complete Auto Care
- Located at 4750 16th Street, Moline, IL 61265
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
$54,581
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
5.94%
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%
$1,091,620
$1.1M
Cap Rate 7%
$779,729
$779.7K
Cap Rate 9%
$606,456
$606.5K
Market Conditions
NOI Build-Up for 6,600 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
$87.1K $13.20/SF
− Vacancy
−$9.1K −$1.39/SF
EGI
$78.0K $11.81/SF
− OpEx
−$23.4K −$3.54/SF
NOI
$54.6K $8.27/SF
Area
Rock Island County, IL
Vacancy
10.50%
Lease Rate
$13.20 /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%
$1,091,620
Cap Rate 7%
$779,729
Cap Rate 9%
$606,456
Alternative Uses
Best Use
Retail
$779.7K
$682.3K – $909.7K
NOI $54,581 @ 7.0% cap · market cap 5.94%
Second Best
Industrial
$606.2K
$530.5K – $707.3K
NOI $42,437 @ 7.0% cap · market cap 4.62%
Theoretical Best
Healthcare Medical
$1.12M
$983.5K – $1.31M
NOI $78,681 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
699
Businesses Nearby
195k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 35%
Shops & Services 29%
Dining 14%
Home Improvements & Furnishings 8%
DICK'S Sporting Goods
Apparel
30,343 visits/mo
0.5 miles
JCPenney
Apparel
18,716 visits/mo
0.5 miles
Ollie's Bargain Outlet
Shops & Services
18,112 visits/mo
0.3 miles
Buffalo Wild Wings
Dining
18,094 visits/mo
0.2 miles
Dillard's
Apparel
16,551 visits/mo
0.3 miles
Demographics for 61265, IL
44,342
Population
20,396
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
89%
High-School Grad
19.2 sq mi
ZIP Area
2,309
Density / Sq Mi
$63,910
Median Household Income
$38,960
Median Earnings
$890
Median Rent
$142,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Single-tenant facility leased to Firestone Complete Auto Care along a major commercial corridor.
Where is this auto shop located?
The property is located at 4750 16th Street Moline, IL.
What is the asking price?
The asking price for this property is $919,000.
What are key features of this property?
This property features: 6600‑square‑foot automotive property built in 1990; Leased to Firestone Complete Auto Care; Located at 4750 16th Street, Moline, IL 61265
