Lombard Office/Medical Space
For Sale
Contact for pricing
Pending
6 E St Charles Rd, Lombard, IL 60148
Prime office/medical space for sale or lease near Metra.
Property Size4,685 SF
Days on Market1312
Property Features for 6 E St Charles Rd
General Information
Standard status
Pending
Size
4,685 SF
Property subtype
Office, Retail
Lease Type
Modified Gross
Listing Agency:
Resource Commercial Advisors
Listed By:
Trip McDonough · License #IL
Source:
Crexi
Added: Jan 16, 2023
Changed: Aug 8
Last Checked: Aug 20 at 7:34AM
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 Resource Commercial Advisors
Investment Insights
Based on property information with market context.
Located at 6 E. Saint Charles Road, Lombard, IL 60148, this property offers approximately 4,685 square feet of office or medical office space available for sale or lease. The location is conveniently within walking distance to the Metra Lombard Train Station and close to major transportation routes, medical centers, and amenities. The property is well-positioned in Lombard. DuPage County real estate taxes are $4.21 per square foot, and CAM is $0.91 per square foot.
Key Highlights
- Prime office/medical office space in Lombard, IL
- Approximately 4,685 SF of space
- For sale ($899,000) or lease (rate subject to offer)
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
$64,598
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
7.19%
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%
$1,291,960
$1.3M
Cap Rate 7%
$922,829
$922.8K
Cap Rate 9%
$717,756
$717.8K
Market Conditions
NOI Build-Up for 4,685 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
$114.7K $24.48/SF
− Vacancy
−$28.6K −$6.10/SF
EGI
$86.1K $18.38/SF
− OpEx
−$21.5K −$4.60/SF
NOI
$64.6K $13.79/SF
Area
DuPage County, IL
Vacancy
24.90%
Lease Rate
$24.48 /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%
$1,291,960
Cap Rate 7%
$922,829
Cap Rate 9%
$717,756
Alternative Uses
Best Use
Office B
$922.8K
$807.5K – $1.08M
NOI $64,598 @ 7.0% cap · market cap 7.19%
Second Best
Healthcare Medical
$886.7K
$775.8K – $1.03M
NOI $62,067 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,226 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60148, IL
52,794
Population
21,744
Households
2.4
Avg Household Size
40
Median Age
48%
College-Educated
96%
High-School Grad
13.8 sq mi
ZIP Area
3,826
Density / Sq Mi
$96,606
Median Household Income
$53,675
Median Earnings
$1,805
Median Rent
$328,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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- Lombard Animal Clinic, P.C. — 603 S Main St, Lombard, IL 60148
Frequently Asked Questions
What type of property is this?
Medical Office Space - Prime office/medical space for sale or lease near Metra.
Where is this medical office space located?
The property is located at 6 E St Charles Rd Lombard, IL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Prime office/medical office space in Lombard, IL; Approximately 4,685 SF of space; For sale ($899,000) or lease (rate subject to offer)
