Mixed-Use Property in Fairview
For Sale
Contact for pricing
5515 Old Collinsville Rd, Fairview Heights, IL
5,940 SF building with office, warehouse, and showroom space.
Property Size7,820 SF
Lot Size4.04 Acres
Price / SF$95.91
Days on Market423
Property Features for 5515 Old Collinsville Rd
General Information
Standard status
Active
Size
7,820 SF
Lot size
4.04 Acres
Property subtype
RETAIL
Listing Agency:
BARBERMurphy
(618) 407-4240
Listed By:
Anthony Smallmon
(618) 407-4240
Source:
Moodyscre
Added: Jun 23, 2025
Changed: Aug 9
Last Checked: Aug 18 at 12:28PM
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 BARBERMurphy
Investment Insights
Based on property information with market context.
The property features a 5,940 square-foot building that includes 1,760 square feet of office space and 4,180 square feet of warehouse or showroom space. Additionally, there is a separate 800 square-foot storage building. The main building incorporates a showroom, office spaces, conference rooms, and a kitchenette. The property is situated on 4.13 acres, consisting of four parcels; two are zoned as planned business and two are zoned as R3. A 1,080 square-foot home with a detached garage is also included on the premises. The location is approximately 2.3 miles from the I-64 and Illinois Route 159 interchange (Exit 12).
Key Highlights
- 5,940 SF Building with Office, Warehouse/Showroom Space
- 4.13 Acres of Land – 4 Parcels (Mixed Zoning)
- Includes a 1,080 SF Home with Detached Garage
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
$61,055
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
8.14%
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%
$1,221,100
$1.2M
Cap Rate 7%
$872,214
$872.2K
Cap Rate 9%
$678,389
$678.4K
Market Conditions
NOI Build-Up for 7,820 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
$76.0K $9.72/SF
− Vacancy
−$4.2K −$0.53/SF
EGI
$71.8K $9.19/SF
− OpEx
−$10.8K −$1.38/SF
NOI
$61.1K $7.81/SF
Area
St. Clair County, IL
Vacancy
5.50%
Lease Rate
$9.72 /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%
$1,221,100
Cap Rate 7%
$872,214
Cap Rate 9%
$678,389
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,649 @ 7.0% cap · market cap 12.09%
Second Best
Retail
$1.12M
$976.7K – $1.30M
NOI $78,136 @ 7.0% cap · market cap 10.42%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,589 @ 7.0% cap · market cap 17.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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?
Showroom - 5,940 SF building with office, warehouse, and showroom space.
Where is this showroom located?
The property is located at 5515 Old Collinsville Rd Fairview Heights, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 5,940 SF Building with Office, Warehouse/Showroom Space; 4.13 Acres of Land – 4 Parcels (Mixed Zoning); Includes a 1,080 SF Home with Detached Garage
