Industrial/Office Condo For
For Sale
$799,900
713 Rose Rd, Lake Zurich, IL 60047
Industrial/office condo with private offices, kitchen, and warehouse.
Property Size6,885 SF
Price / SF$116.18
Days on Market146
Property Features for 713 Rose Rd
General Information
Standard status
Active
Size
6,885 SF
Building Details
Year Built
2008
Listing Agency:
Runway Realty Inc
Listed By:
Rusen Rusev
(708) 695-5698
Source:
Liveliferealty
Added: May 18
Changed: Oct 8
Last Checked: Oct 10 at 1:59AM
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 Runway Realty Inc
Investment Insights
Based on property information with market context.
An industrial/office condominium is available for purchase. The property features finished private offices, a kitchen, and a large warehouse area. The property offers many possibilities and uses.
Key Highlights
- Industrial/office condo
- Large warehouse area
- Nicely finished
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,219
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,380
$804.4K
Cap Rate 7%
$574,557
$574.6K
Cap Rate 9%
$446,878
$446.9K
Market Conditions
NOI Build-Up for 6,885 SF
Gross rent
$65.3K $9.48/SF
− Vacancy
−$3.4K −$0.49/SF
EGI
$61.9K $8.99/SF
− OpEx
−$21.7K −$3.15/SF
NOI
$40.2K $5.84/SF
Area
Lake County, IL
Vacancy
5.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,380
Cap Rate 7%
$574,557
Cap Rate 9%
$446,878
Alternative Uses
Best Use
Flex RnD
$574.6K
$502.7K – $670.3K
NOI $40,219 @ 7.0% cap · market cap 5.03%
Second Best
Industrial
$423.4K
$370.5K – $494.0K
NOI $29,638 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$2.38M
$2.08M – $2.77M
NOI $166,395 @ 7.0% cap · market cap 20.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial/office condo with private offices, kitchen, and warehouse.
Where is this flex space located?
The property is located at 713 Rose Rd Lake Zurich, IL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Industrial/office condo; Large warehouse area; Nicely finished
