Single-Tenant Office
New
For Sale
Contact for pricing
606 Edwardsville Rd, Troy, IL 62294
The brick facility is occupied by one tenant under a triple-net lease.
Property Size7,142 SF
Price / SF$392.05
Days on Market5
Property Features for 606 Edwardsville Rd
General Information
Standard status
Active
Size
7,142 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Construction
brick
Tenancy
Single
Listing Agency:
BARBERMurphy
(618) 277-4400
Listed By:
Carter Marteeny · License #475188628
(618) 304-3917
Source:
Moodyscre
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:44PM
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
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Investment Insights
Based on property information with market context.
This 7,142-square-foot office building has brick construction and was recently expanded. It is leased to a single tenant under a triple-net structure.
The property is at 606 Edwardsville Road in Troy, Illinois, along IL-162. Interstate 55 and Interstate 70 are a short drive away, with access to the greater St. Louis area.
The property is at 606 Edwardsville Road in Troy, Illinois, along IL-162. Interstate 55 and Interstate 70 are a short drive away, with access to the greater St. Louis area.
Key Highlights
- 7,142‑square‑foot office building
- Single‑tenant occupancy under a triple‑net lease
- Brick construction with a recent expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,129
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,262,580
$2.3M
Cap Rate 7%
$1,616,129
$1.6M
Cap Rate 9%
$1,256,989
$1.3M
Market Conditions
NOI Build-Up for 7,142 SF
Gross rent
$171.4K $24.00/SF
− Vacancy
−$20.6K −$2.88/SF
EGI
$150.8K $21.12/SF
− OpEx
−$37.7K −$5.28/SF
NOI
$113.1K $15.84/SF
Area
Madison County, IL
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,262,580
Cap Rate 7%
$1,616,129
Cap Rate 9%
$1,256,989
Alternative Uses
Best Use
Office B
$1.62M
$1.41M – $1.89M
NOI $113,129 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,269 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Explore this area
Business Placement
Demographics for 62294, IL
15,431
Population
6,138
Households
2.5
Avg Household Size
39
Median Age
47%
College-Educated
98%
High-School Grad
29.5 sq mi
ZIP Area
523
Density / Sq Mi
$108,418
Median Household Income
$57,002
Median Earnings
$1,069
Median Rent
$255,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - The brick facility is occupied by one tenant under a triple-net lease.
Where is this office building located?
The property is located at 606 Edwardsville Rd Troy, IL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 7,142‑square‑foot office building; Single‑tenant occupancy under a triple‑net lease; Brick construction with a recent expansion
