Industrial Property For
For Sale
Contact for pricing
Pending
61 Oakwood Rd, Lake Zurich, IL 60047
54,688 SqFt industrial property with 8.04% CAP rate.
Property Size54,688 SF
Days on Market147
Property Features for 61 Oakwood Rd
General Information
Standard status
Pending
Size
54,688 SF
Property subtype
Industrial
Zoning
I - Industrial
Occupancy
100%
Building Details
Year Built
1989
Units
9
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Chicago Downtown
(630) 501-8656
Listed By:
Peter Doughty · License #IL 475.177502
Source:
Crexi
Added: Mar 24
Changed: Aug 8
Last Checked: Jul 30 at 11:54AM
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 Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
This industrial property, encompassing 54,688 square feet, is available for purchase. The property has a capitalization rate of 8.04%.
Key Highlights
- 8.04% CAP Rate makes this an attractive investment opportunity
- 54,688 SqFt Industrial Space perfect for various business needs
- Built in 1989
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
$285,859
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
5.50%
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%
$5,717,180
$5.7M
Cap Rate 7%
$4,083,700
$4.1M
Cap Rate 9%
$3,176,211
$3.2M
Market Conditions
NOI Build-Up for 54,688 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
$354.4K $6.48/SF
− Vacancy
−$18.1K −$0.33/SF
EGI
$336.3K $6.15/SF
− OpEx
−$50.4K −$0.92/SF
NOI
$285.9K $5.23/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /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%
$5,717,180
Cap Rate 7%
$4,083,700
Cap Rate 9%
$3,176,211
Alternative Uses
Best Use
Warehouse
$4.08M
$3.57M – $4.76M
NOI $285,859 @ 7.0% cap · market cap 5.50%
Second Best
Industrial
$3.36M
$2.94M – $3.92M
NOI $235,413 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$18.88M
$16.52M – $22.03M
NOI $1,321,689 @ 7.0% cap · market cap 25.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60047, IL
43,944
Population
15,877
Households
2.8
Avg Household Size
43
Median Age
67%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
1,259
Density / Sq Mi
$173,043
Median Household Income
$82,803
Median Earnings
$1,817
Median Rent
$510,000
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Warehouse - 54,688 SqFt industrial property with 8.04% CAP rate.
Where is this warehouse located?
The property is located at 61 Oakwood Rd Lake Zurich, IL.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: 8.04% CAP Rate makes this an attractive investment opportunity; 54,688 SqFt Industrial Space perfect for various business needs; Built in 1989
