Medical Office Property with Exam
New
For Sale
$1,595,000
6705 Kingery Highway, Willowbrook, IL 60527
Flexible professional suites include treatment rooms, reception areas, conference space, storage, and on-site parking.
Property Size9,608 SF
Price / SF$166.01
Days on Market6
Property Features for 6705 Kingery Highway
General Information
Standard status
Active
Size
9,608 SF
Property subtype
Commercial
Zoning
COMMR
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$26,683
Building Details
Building Size
9,608 SF
Year Built
2001
Buildings
1
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
RE/MAX 1st Service
(708) 675-1600
Listed By:
Karry Razik · License #475155005
(708) 675-1600
Source:
Gia-sells
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 19 at 1:46PM
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 RE/MAX 1st Service
Investment Insights
Based on property information with market context.
This 9,608-square-foot medical office property, built in 2001, provides a practical setting for healthcare and professional office operations. The interior includes flexible suites, private exam or treatment rooms, executive offices, reception and waiting areas, conference space, storage, and large windows that bring natural light into the workplace. On-site parking serves employees and visitors, while COMMR zoning is in place.
The property is located at 6705 Kingery Highway along Route 83 in Willowbrook, with access to I-55 and I-294 within minutes. The surrounding area includes residential neighborhoods, medical providers, retail centers, restaurants, and other professional services. The property is also available for lease.
The property is located at 6705 Kingery Highway along Route 83 in Willowbrook, with access to I-55 and I-294 within minutes. The surrounding area includes residential neighborhoods, medical providers, retail centers, restaurants, and other professional services. The property is also available for lease.
Key Highlights
- 9,608 SF medical office property built in 2001
- Private exam or treatment rooms, executive offices, and reception areas
- Conference space, storage, and large windows throughout the office layout
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
$132,479
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
8.31%
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%
$2,649,580
$2.6M
Cap Rate 7%
$1,892,557
$1.9M
Cap Rate 9%
$1,471,989
$1.5M
Market Conditions
NOI Build-Up for 9,608 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
$235.2K $24.48/SF
− Vacancy
−$58.6K −$6.10/SF
EGI
$176.6K $18.38/SF
− OpEx
−$44.2K −$4.60/SF
NOI
$132.5K $13.79/SF
Area
DuPage County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
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%
$2,649,580
Cap Rate 7%
$1,892,557
Cap Rate 9%
$1,471,989
Alternative Uses
Best Use
Office B
$1.89M
$1.66M – $2.21M
NOI $132,479 @ 7.0% cap · market cap 8.31%
Second Best
Healthcare Medical
$1.82M
$1.59M – $2.12M
NOI $127,287 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M
NOI $232,204 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
941
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60527, IL
29,139
Population
13,101
Households
2.2
Avg Household Size
47
Median Age
58%
College-Educated
96%
High-School Grad
14.4 sq mi
ZIP Area
2,024
Density / Sq Mi
$110,482
Median Household Income
$62,257
Median Earnings
$1,553
Median Rent
$488,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible professional suites include treatment rooms, reception areas, conference space, storage, and on-site parking.
Where is this medical office space located?
The property is located at 6705 Kingery Highway Willowbrook, IL.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 9,608 SF medical office property built in 2001; Private exam or treatment rooms, executive offices, and reception areas; Conference space, storage, and large windows throughout the office layout
