Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7801 Knoxville Ave Peoria, IL 61614

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    14,020 SF Single-Tenant Medical Office

    Lot size:
    14,020 SF

    Property Features for 7801 Knoxville Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,020 SF
    Total Rate
    14896.25

    Spaces For Lease

    at 7801 Knoxville Ave, Peoria, IL 61614 Contact us
    Unit 7801 N. Knoxville Ave.

    $12 /Mo

    Size
    14,020 SF
    Contact us

    We can help!

    Listing Contact
    Daniel Maloof
    Daniel Maloof

    Listing Agency: Maloof Commercial Real Estate Listing Agent: Daniel Maloof

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 14,020-square-foot medical office building is located at 7801 N. Knoxville Ave in Peoria, Illinois, zip code 61614. The property is a single-tenant building, ideal for a medical practice seeking a substantial and established presence in the Peoria market. The building's size offers ample space for various medical specialties, allowing for expansion and growth. Its convenient location provides easy access for patients and staff, enhancing operational efficiency. The property's single-tenant occupancy offers stability and predictable income streams. This presents a unique opportunity for investors or medical practices seeking a turnkey solution in a thriving Illinois community. The building's precise layout and internal specifications are available upon request. Detailed financial information, including potential rental income projections, can be provided to qualified buyers. This property is situated at 40.781927 latitude and -89.603814 longitude, offering easy access to major transportation routes and local amenities. Serious inquiries are encouraged to explore this prime medical office investment opportunity further. The property is classified as an office building with a medical office subtype. This presents a strong investment opportunity in a growing sector of the commercial real estate market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kendrick Bailey, LCPC Counselor Melinda Henderson Physician Dr. Mourad Alnatour, ... Pediatrician Holder Mark MD Physician Shellene Coleman, APN Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.603814
    Latitude
    40.781927

    Nearby Similar for Lease

    • Contact for pricing
      30,492 SF

      Office Space in Peoria, IL

      Office space available for rent in Peoria, Illinois.
      2420 W Nebraska Ave, Peoria, IL 61604
      View Details
    • Sponsored
      Contact for pricing

      IL, Peoria - Main St

      Workspaces, services and support to help you work better in Frisco Square
      416 Main St, Peoria, IL 61602
      View Details
    • Contact for pricing
      43,560 SF

      Peoria Office Space For Rent

      2,525 SF office space with excellent accessibility and visibility.
      1820 N Sterling Ave, Peoria, IL 61604
      View Details
    • $14 SF/Yr
      5,400 SF

      Executive Office Suite For Rent

      Executive office suite featuring 12 private offices and 5 cubicles.
      8512 N Knoxville Ave, Peoria, IL 61615
      View Details
    • $15 SF/Yr
      1,200 SF

      Office Space For Rent

      1,200 sq ft office space available for rent.
      7310 N Villa Lake Dr, Peoria, IL 61614
      View Details
    • $9 SF/Yr
      7,378 SF

      Freestanding Retail Property Sublease

      Freestanding retail property available for sublease until April 2027.
      814 NE Jefferson Ave, Peoria, IL 61605
      View Details
    • $12 SF/Yr
      2,270 SF

      Downtown Peoria Class A Office

      Class A office building with suites available for lease.
      211 Fulton St, Peoria, IL 61602
      View Details
    • $16 SF/Yr
      2,895 SF

      Class A Office Space Peoria

      Fully furnished, renovated office space available for lease.
      1300 W Commerce Dr, Peoria, IL 61615
      View Details
    • $13 SF/Yr
      6,500 SF

      Glen Avenue Office Space Available

      Four-story office building with available space and city views.
      1100 W Glen Ave, Peoria, IL 61614
      View Details
    • $1,300 /Mo
      1,089 SF

      Retail/Office Building with Ample Parking

      Retail and office spaces available in high-traffic location.
      7501 N University St, Peoria, IL 61614
      View Details
    • $15 SF/Yr
      4,738 SF

      Peoria Office Space Available

      Office space available for rent in Peoria, Illinois.
      411 Hamilton Blvd, Peoria, IL 61602
      View Details
    • $8 SF/Yr
      16,132 SF

      Two-Story Office Building For Lease

      Two-story office building featuring private offices, breakroom, and conference room.
      1318 S Johanson Rd, Peoria, IL 61607
      View Details

    FAQs

    What type of property is this?
    Medical office - 14,020 SF Single-Tenant Medical Office
    Where is this medical office located?
    The property is located at 7801 Knoxville Ave Peoria, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 14,020 sq. ft. medical office building, including basement.; Concrete block building with partial basement.; 2.18-acre lot with parking for 60+ vehicles.
    (309) 693-3000 Call to check price and availability
    Request Owner's contact information
    7801 Knoxville Ave Peoria, IL 61614
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7801 Knoxville Ave
    Peoria, IL 61614
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7801 Knoxville Ave Peoria, IL 61614
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Daniel Maloof
    Daniel Maloof
    Real Estate License ID: 475122647
    (309) 693-3000 (309) 696-7200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!