Building Details

Year Built 1986

Listing Agency: Hawkeye Commercial Real Estate

Listed By: David Levin Show Phone

Source: Searchillinoishomesforsale

Added: Mar 26 Changed: Oct 1 Last Checked: Oct 4 at 10:03AM

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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 Hawkeye Commercial Real Estate

Investment Insights

Based on property information with market context.

Key Highlights

• Fully finished lower level offers additional space.
• Welcoming reception area.
• Comfortable waiting area for clients or guests.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$52,439

Cap Rate

7.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,048,780 $1.0M

Cap Rate 7%

$749,129 $749.1K

Cap Rate 9%

$582,656 $582.7K

Market Conditions

NOI Build-Up for 6,225 SF

Gross rent

$89.6K $14.40/SF

− Vacancy

−$19.7K −$3.17/SF

EGI

$69.9K $11.23/SF

− OpEx

−$17.5K −$2.81/SF

NOI

$52.4K $8.42/SF

Area

Rock Island County, IL

Vacancy

22.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,048,780

Cap Rate 7%

$749,129

Cap Rate 9%

$582,656

Alternative Uses

Best Use

Healthcare Medical

$1.06M

$927.6K – $1.24M (±1% cap)

NOI $74,211 @ 7.0% cap · market cap 10.60%

Second Best

Office B

$749.1K

$655.5K – $874.0K (±1% cap)

NOI $52,439 @ 7.0% cap · market cap 7.49%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Dr. Ramarao Pradeep, ... Physician Endocrine Associates of the Quad ... Medical Clinic Purani Arumugam MD Physician Dr. Velusami Arumugam, ... Physician Illinois Neurological Institute Physician

Suggested Use

Top Pick Restaurant Hair Salon Spa & Massage Center Real Estate Agency Auto Repair Shop Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,045

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

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 Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

Where is this medical office space located?

The property is located at 612 35th Ave Moline, IL.

What is the asking price?

The asking price for this property is $700,000.

What are key features of this property?

This property features: Fully finished lower level offers additional space.; Welcoming reception area.; Comfortable waiting area for clients or guests.