Building Details

Building Size 11,008 SF

Listing Agency: Maloof Commercial

Listed By: Madison Maloof · License #IL #475.180439 Show Phone

Source: Maloofcom

Added: Sep 4 Changed: Oct 8 Last Checked: Oct 20 at 6:58PM

Report an Issue

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 Maloof Commercial

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 11,008 SF flex property combines a warehouse area with a lobby and reception zone, a private office, and a breakroom. Hanging heaters serve the warehouse, while the adaptable interior can accommodate varied operational layouts. A separate loading area includes two docks, and parking is provided for customers and employees.

The property is located at 7718 N Harker Dr in Peoria, IL, with access to major highways nearby. Its C2: Large Scale Commercial zoning and combination of office, breakroom, warehouse, parking, and loading components create a practical configuration for commercial occupancy.

Key Highlights

• 11,008 SF flex and industrial building
• C2: Large Scale Commercial zoning
• Separate loading area with 2 docks

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$66,230

Cap Rate

8.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,324,600 $1.3M

Cap Rate 7%

$946,143 $946.1K

Cap Rate 9%

$735,889 $735.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,008 SF

Gross rent

$99.1K $9.00/SF

− Vacancy

−$4.5K −$0.41/SF

EGI

$94.6K $8.59/SF

− OpEx

−$28.4K −$2.58/SF

NOI

$66.2K $6.02/SF

Area

Peoria, IL

Vacancy

4.50%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,324,600

Cap Rate 7%

$946,143

Cap Rate 9%

$735,889

Alternative Uses

Best Use

Flex RnD

$1.41M

$1.23M – $1.65M (±1% cap)

NOI $98,742 @ 7.0% cap · market cap 13.17%

Second Best

Warehouse

$1.15M

$1.01M – $1.34M (±1% cap)

NOI $80,422 @ 7.0% cap · market cap 10.72%

Theoretical Best

Multifamily LT 5

$9.63M

$8.43M – $11.23M (±1% cap)

NOI $674,078 @ 7.0% cap · market cap 89.88%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

ProSource of Peoria Carpet & Flooring Store

Suggested Use

Top Pick Garden Center Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Electrical Service Storage Facility

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

Lease Details

2

Dock-high doors

Location Intelligence

Trade Area within ½ mile

1,054

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 61615, IL

24,314

Population

11,334

Households

2.1

Avg Household Size

38

Median Age

53%

College-Educated

98%

High-School Grad

29.6 sq mi

ZIP Area

821

Density / Sq Mi

$82,157

Median Household Income

$50,165

Median Earnings

$1,079

Median Rent

$206,800

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Similar For Sale Nearby

See more

Peoria Flex Warehouse/Office Space

2305 W Altorfer Drive, Peoria, IL 61615

$699,000

11,400 SF

View details

Mixed-Use Flex Warehouse Building

8630 N Allen Rd, Peoria, IL 61615

$995,000

View details

Corner Storefront Retail Property

1025 North Sheridan Road, Peoria, IL 61606

$399,900

11,500 SF

View details

Warehouse-Retail Flex Property

608-616 Ne Jefferson Avenue, Peoria, IL 61603

$300,000

14,814 SF

View details

Downtown Warehouse with Revenue Potential

1409 SW JEFFERSON Avenue, Peoria, IL 61605

$150,000

9,060 SF

View details

High-Ceiling Flex Space

4240 N Brandywine Drive, Peoria, IL 61614

$1,100,000

18,770 SF

View details

Dock-High Warehouse with Office

1506 W Luthy Dr, Peoria, IL 61615

$1,200,000

View details

Retail Showroom with Rear Warehouse

1021 N Sheridan Rd, Peoria, IL 61606

Contact for pricing

11,500 SF

View details

Peoria Industrial/Office Opportunity

1034 NE Adams St, Peoria, IL 61603

$950,000

32,540 SF

View details

Industrial Building with Truck Access

2714 W 2nd St, Peoria, IL 61615

Contact for pricing

9,500 SF

View details

Freestanding Retail Warehouse Building

3414 N Prospect Rd, Peoria, IL 61603

$249,000

View details

Warehouse with Remodeled Office Space

817 Northeast Adams Street, Peoria, IL 61603

$199,900

5,700 SF

View details

Frequently Asked Questions

What type of property is this?

Flex space - C2 zoning, dedicated loading, and on-site parking support a range of commercial operations.

Where is this flex space located?

The property is located at 7718 N Harker Dr Peoria, IL.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: 11,008 SF flex and industrial building; C2: Large Scale Commercial zoning; Separate loading area with 2 docks