Concrete Flex
New
For Sale
$1,500,000
748 N Brinton Ave, Dixon, IL 61021
Substantial storage, private offices, and adaptable infrastructure support varied commercial operations.
Property Size9,756 SF
Price / SF$153.75
Days on Market3
Property Features for 748 N Brinton Ave
General Information
Standard status
Active
Size
9,756 SF
Building Details
Year Built
1956
Listing Agency:
Heartland Realty 11 LLC
Listed By:
Nancie Dempsey · License #475190221
(815) 994-8915
Source:
Amyboston.realtopiare
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 3 at 2:29AM
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 Heartland Realty 11 LLC
Investment Insights
Based on property information with market context.
This 9,756-square-foot concrete flex building offers a broad interior footprint with two private offices, basement storage, and additional storage areas. The property includes two conveyor belts and a scissor lift, along with HVAC updated in 2015 and a 600-amp electrical service. These features support a range of commercial operations, including retail, service, manufacturing, equipment, and warehouse uses.
Located at 748 N Brinton Ave in Dixon, Illinois, the property includes more than 50 parking spaces. A new roof, canopy, and exterior paint were completed in 2023, while the parking lot was sealed in August 2026. The building was constructed in 1956 and provides a durable concrete structure for continued customization.
Located at 748 N Brinton Ave in Dixon, Illinois, the property includes more than 50 parking spaces. A new roof, canopy, and exterior paint were completed in 2023, while the parking lot was sealed in August 2026. The building was constructed in 1956 and provides a durable concrete structure for continued customization.
Key Highlights
- 9,756‑square‑foot concrete flex building
- 600‑amp electrical service with HVAC updated in 2015
- Two private offices, basement storage, and additional storage areas
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
$82,545
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%
$1,650,900
$1.7M
Cap Rate 7%
$1,179,214
$1.2M
Cap Rate 9%
$917,167
$917.2K
Market Conditions
NOI Build-Up for 9,756 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
$102.4K $10.50/SF
− Vacancy
−$5.3K −$0.55/SF
EGI
$97.1K $9.95/SF
− OpEx
−$14.6K −$1.49/SF
NOI
$82.5K $8.46/SF
Area
Lee County, IL
Vacancy
5.20%
Lease Rate
$10.50 /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%
$1,650,900
Cap Rate 7%
$1,179,214
Cap Rate 9%
$917,167
Alternative Uses
Best Use
Warehouse
$1.18M
$1.03M – $1.38M
NOI $82,545 @ 7.0% cap · market cap 5.50%
Second Best
Flex RnD
$1.11M
$968.9K – $1.29M
NOI $77,512 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$2.66M
$2.33M – $3.10M
NOI $186,144 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61021, IL
22,984
Population
10,110
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
89%
High-School Grad
150.1 sq mi
ZIP Area
153
Density / Sq Mi
$65,719
Median Household Income
$40,805
Median Earnings
$823
Median Rent
$144,800
Median Home Value
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 - Substantial storage, private offices, and adaptable infrastructure support varied commercial operations.
Where is this flex space located?
The property is located at 748 N Brinton Ave Dixon, IL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 9,756‑square‑foot concrete flex building; 600‑amp electrical service with HVAC updated in 2015; Two private offices, basement storage, and additional storage areas
