Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    39 Washington St Carbondale, IL 62901
    Back to Search
    Property profile & analytics

    39 Washington St Carbondale, IL 62901

    View on Map
    • Land
    • 1.22 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 39 Washington St

    Lot size
    1.22 lot acres
    Property type
    Land

    Description

    This 1.22-acre commercial lot, located at Lot 39 N Washington Street, Carbondale, IL 62901 (APN 15-16-252-039), is offered for sale at $30,000. The property is zoned for industrial use and boasts convenient access to all city utilities at the property line. The lot's shape is irregular, as shown in the attached aerial photograph. This makes it a versatile option for a variety of industrial uses. The property is situated in Jackson County, Illinois, and its precise location is 37.7273527 latitude and -89.2153961 longitude. Given its size, zoning, and utility access, this lot presents a compelling opportunity for businesses seeking a strategically located site in Carbondale. The property is ready for development and offers significant potential for industrial projects. Interested parties are encouraged to review the attached aerial photo for a detailed view of the lot's dimensions and configuration. This is a rare opportunity to acquire a well-situated industrial lot in a growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Jackson county
    State
    Illinois
    Longitude
    -89.2154
    Latitude
    37.7274

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      1250 Park St

      Mixed-use properties • 2,400 SF
      1250 Park St, Carbondale, IL 62901
      View Details
    • Value Estimation by Request
      0.35 Acres

      35 Marion St

      Land • 0.35 Acres
      35 Marion St, Carbondale, IL 62901
      View Details
    • Value Estimation by Request
      6.00 Acres

      Il-13

      Land • 6.00 Acres
      0 Il-13, Carbondale, IL 62901
      View Details
    • Value Estimation by Request

      000 Washington St

      Land
      000 Washington St, Carbondale, IL 62901
      View Details
    • Value Estimation by Request

      1111 Walnut St

      Land
      1111 Walnut St, Carbondale, IL 62901
      View Details
    • Value Estimation by Request
      15,200 SF

      608-610 Illinois Ave

      Retail properties & Spaces • 15,200 SF
      608-610 Illinois Ave, Carbondale, IL 62901
      View Details

    Similar Nearby for Sale

    • $549,900
      1.09 Acres

      Main Street Commercial Property

      Prime Carbondale Flex Space - $549,900
      601 Main St, Carbondale, IL 62901
      View Details
    • $100,000
      13.75 Acres

      13.75 Acres Commercial Land

      Prime Carbondale acreage, ideal for development.
      000 County Line Rd, Carbondale, IL 62901
      View Details
    • $644,000

      Carbondale Industrial Property - $644K

      Two-building warehouse/office complex, 2 acres
      1300 Reed Station Rd, Carbondale, IL 62901
      View Details
    • $1,250,000

      Carbondale Restaurant - Prime Location

      Established Restaurant, High Traffic Area
      1365 Main St, Carbondale, IL 62901
      View Details
    • $395,000
      2.00 Acres

      Prime Carbondale Commercial Land

      2-Acre Pad-Ready Lot, East Side
      1445 Main St, Carbondale, IL 62901
      View Details
    • $124,900
      0.43 Acres

      Carbondale Commercial Land & Building

      Prime Commercial Property, 2580 sq ft
      303 Wall St, Carbondale, IL 62901
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Carbondale Office Spaces Available

      Office spaces for rent ranging from 1,629 to 2,629 SqFt.
      900 E Walnut St, Carbondale, IL 62901
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      401 E Walnut St, Carbondale, IL 62901
      View Details
    • $12 SF/Yr
      7,592 SF

      Retail Space on Main Street

      7,592 SF retail space with high visibility available for lease.
      1401 E Main St, Carbondale, IL 62901
      View Details
    • Contact for pricing

      Retail Space in Carbondale

      Retail space in a vibrant, high-traffic Carbondale location.
      819 W Main St, Carbondale, IL 62901
      View Details
    • $199,000

      Retail Space in Carbondale, IL

      Retail space available for lease in Carbondale, Illinois.
      401 East Walnut St, Carbondale, IL 62901
      View Details
    Request Owner's contact information
    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.
    39 Washington St
    Carbondale, IL 62901
    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
    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

    Thank You for Inquiry
    39 Washington St, Carbondale, IL, 62901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!