Industrial Flex Space with
New
For Sale
Contact for pricing
5112 Forest Hills Ct, Loves Park, IL 61111
Functional office and warehouse facility with drive-through access, industrial zoning, and on-site parking.
Property Size10,404 SF
Price / SF$79.30
Days on Market3
Property Features for 5112 Forest Hills Ct
General Information
Standard status
Active
Size
10,404 SF
Property subtype
INDUSTRIAL
Listing Agency:
Dickerson Nieman Commercial
(773) 551-2366
Listed By:
Bobby Walsh · License #471020452
(773) 551-2366
Source:
Moodyscre
Added: Aug 7
Changed: Aug 9
Last Checked: Aug 9 at 9:50AM
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 Dickerson Nieman Commercial
Investment Insights
Based on property information with market context.
This 1982 industrial flex facility contains approximately 10,404 square feet on 0.83 acres, including approximately 3,404 square feet of finished office and flex area alongside 7,000 square feet of warehouse space. The office portion includes private offices, a conference room, bonus storage, kitchenette, washer and dryer, HVAC, and 8-foot ceilings. Restrooms include lockers and showers.
Warehouse improvements include approximately 18-foot clear ceilings, Modine heating, and two 14' x 12' roll-up overhead doors arranged for drive-through movement. The property is industrially zoned and provides 18 on-site parking spaces, along with a maintained landscape irrigation system.
Located in Loves Park, the facility has access to Interstate 90, Interstate 39, U.S. Route 20, and Chicago Rockford International Airport. Retail, restaurants, hotels, and business services are nearby.
Warehouse improvements include approximately 18-foot clear ceilings, Modine heating, and two 14' x 12' roll-up overhead doors arranged for drive-through movement. The property is industrially zoned and provides 18 on-site parking spaces, along with a maintained landscape irrigation system.
Located in Loves Park, the facility has access to Interstate 90, Interstate 39, U.S. Route 20, and Chicago Rockford International Airport. Retail, restaurants, hotels, and business services are nearby.
Key Highlights
- Approximately 10,404 square feet on 0.83 acres
- Approximately 3,404 square feet of office/flex space and 7,000 square feet of warehouse space
- Approximately 18‑foot clear warehouse ceilings with Modine heating
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
$60,926
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
7.38%
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%
$1,218,520
$1.2M
Cap Rate 7%
$870,371
$870.4K
Cap Rate 9%
$676,956
$677.0K
Market Conditions
NOI Build-Up for 10,404 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
$77.4K $7.44/SF
− Vacancy
−$5.7K −$0.55/SF
EGI
$71.7K $6.89/SF
− OpEx
−$10.8K −$1.03/SF
NOI
$60.9K $5.86/SF
Area
Winnebago 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%
$1,218,520
Cap Rate 7%
$870,371
Cap Rate 9%
$676,956
Alternative Uses
Best Use
Office B
$2.59M
$2.27M – $3.02M
NOI $181,279 @ 7.0% cap · market cap 21.97%
Second Best
Warehouse
$870.4K
$761.6K – $1.02M
NOI $60,926 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$2.84M
$2.48M – $3.31M
NOI $198,508 @ 7.0% cap · market cap 24.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61111, IL
23,028
Population
10,248
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
92%
High-School Grad
14.2 sq mi
ZIP Area
1,622
Density / Sq Mi
$58,391
Median Household Income
$42,751
Median Earnings
$1,101
Median Rent
$143,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Functional office and warehouse facility with drive-through access, industrial zoning, and on-site parking.
Where is this flex space located?
The property is located at 5112 Forest Hills Ct Loves Park, IL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Approximately 10,404 square feet on 0.83 acres; Approximately 3,404 square feet of office/flex space and 7,000 square feet of warehouse space; Approximately 18‑foot clear warehouse ceilings with Modine heating
