Well-Maintained Office
For Sale
$425,000
822 17th St, Moline, IL 61265
3,200 sq ft office building on a wooded lot, well maintained, for sale; sale contingent on splitting Parcel 0853345.
Property Size3,200 SF
Price / SF$132.81
Days on Market375
Property Features for 822 17th St
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial
Listing Agency:
NAI Ruhl Commercial Company
Listed By:
Ethan Simons · License #S65924000/475.178290
(309) 281-9183
Source:
Searchillinoishomesforsale
Added: Sep 5, 2025
Changed: Sep 9
Last Checked: Sep 13 at 12:19PM
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 NAI Ruhl Commercial Company
Investment Insights
Based on property information with market context.
Well maintained commercial office building totaling 3,200 square feet, offered for sale. The property is situated on a wooded lot and is described as providing functional space suitable for a wide range of business uses.
According to the remarks, the building is located just steps from downtown amenities and minutes from major corridors, with visibility and accessibility intended to support daily business operations. Sale is contingent upon splitting up Parcel 0853345.
For buyers or brokers evaluating flexible office layouts, the building’s existing, well-maintained configuration is presented as a fit for a range of office-oriented tenants.
According to the remarks, the building is located just steps from downtown amenities and minutes from major corridors, with visibility and accessibility intended to support daily business operations. Sale is contingent upon splitting up Parcel 0853345.
For buyers or brokers evaluating flexible office layouts, the building’s existing, well-maintained configuration is presented as a fit for a range of office-oriented tenants.
Key Highlights
- Well‑maintained 3,200 sq ft commercial building for sale
- Located on a wooded lot
- Sale is contingent upon splitting Parcel 0853345
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
$26,957
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
6.34%
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%
$539,140
$539.1K
Cap Rate 7%
$385,100
$385.1K
Cap Rate 9%
$299,522
$299.5K
Market Conditions
NOI Build-Up for 3,200 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
$46.1K $14.40/SF
− Vacancy
−$10.1K −$3.17/SF
EGI
$35.9K $11.23/SF
− OpEx
−$9.0K −$2.81/SF
NOI
$27.0K $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 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%
$539,140
Cap Rate 7%
$385,100
Cap Rate 9%
$299,522
Alternative Uses
Best Use
Office B
$385.1K
$337.0K – $449.3K
NOI $26,957 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$545.0K
$476.9K – $635.8K
NOI $38,148 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,079
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 3,200 sq ft office building on a wooded lot, well maintained, for sale; sale contingent on splitting Parcel 0853345.
Where is this office units located?
The property is located at 822 17th St Moline, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Well‑maintained 3,200 sq ft commercial building for sale; Located on a wooded lot; Sale is contingent upon splitting Parcel 0853345
