Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6340 Emerald Pkwy Monee, IL 60449
    Property profile & analytics

    6340 Emerald Pkwy, Monee, IL 60449

    View on Map
    • Warehouses
    • 47,000 SF
    For Lease
    $9 SF/Yr
    View Listing →
    Monee Industrial Campus: For Lease For Lease
    $9 SF/Yr

    Monee Industrial Campus: For Lease

    New 47,000 SF Industrial Space Available

    6340 Emerald Pkwy, Monee, IL 60449
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 6340 Emerald Pkwy

    Year built
    2024
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional Class A industrial property, located at 6340 & 6350 Emerald Pkwy in Monee, Illinois (zip code 60449), offers a total of 47,000 square feet of brand-new manufacturing, flex, warehouse, and distribution space. The property consists of two single-story buildings, each boasting a 16-foot ceiling height, ideal for various industrial uses. Ten individual suites are available, with a minimum divisible space of 5,000 square feet and a maximum contiguous space of 26,000 square feet. Currently, all 47,000 square feet are vacant and ready for immediate occupancy. The property features convenient amenities including one loading dock, one dock-high door, and one drive-in door, ensuring efficient loading and unloading operations. Ample outdoor parking is also available. Its strategic location provides easy access to I-57, offering seamless transportation and logistics capabilities. Built in 2024, this property represents a rare opportunity to secure modern, high-quality industrial space in a prime location. The property is zoned for industrial use and is ready for immediate occupancy. Contact us today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monee
    County
    Will
    State
    Illinois
    Longitude
    -87.7661
    Latitude
    41.4231

    Comparable in this City

    • Value Estimation by Request
      21,600 SF

      25858 Sunset Dr

      Distribution properties
      25858 Sunset Dr, Monee, IL 60449
      View Details
    • Value Estimation by Request
      9,065 SF

      6230 Bruns Rd, Unit D

      INDUSTRIAL (GENERAL)
      6230 Bruns Rd, Monee, IL 60449-8211
      View Details
    • Value Estimation
      $9,190,000
      200,000 SF

      25777 Cleveland Ave

      INDUSTRIAL (GENERAL)
      25777 Cleveland Ave, Monee, IL 60449-9077
      View Details
    • Value Estimation
      $500,000
      10,950 SF

      26005 Ridgeland Ave

      INDUSTRIAL (GENERAL)
      26005 Ridgeland Ave, Monee, IL 60449-9191
      View Details
    • Value Estimation
      $670,000
      12,502 SF

      26200 Whiting Way

      INDUSTRIAL (GENERAL)
      26200 Whiting Way, Monee, IL 60449-8095
      View Details
    • Value Estimation
      $555,000
      10,960 SF

      25896 Sunset Dr

      INDUSTRIAL (GENERAL)
      25896 Sunset Dr, Monee, IL 60449-9394
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Monee Industrial Building For Sale

      15,428 SF industrial building with office space on 2.54 acres.
      26200 South Whiting Way, Monee, IL 60449
      View Details
    • Contact for pricing
      11,736 SF

      Monee Warehouse with Fenced Lot

      Warehouse with visibility, fenced lot, and on-site fuel infrastructure.
      25896 S Sunset Dr, Monee, IL 60449
      View Details
    • $64,500
      Pending

      Premier Residential Airpark Land

      Land in an exclusive gated fly-in community near Chicago.
      25052 S Doolittle Dr, Monee, IL 60449
      View Details
    • $129,000
      1.77 Acres

      Residential Airpark Land Opportunity

      Land for estate-style home with private hangar in gated community.
      25014 S Doolittle Dr, Monee, IL 60449
      View Details
    • $999,000
      8.73 Acres

      Monee Land at Cicero Junction

      8.73 acres of commercially zoned land near I-57.
      24306 S Governors Hwy, Monee, IL 60449
      View Details
    • $82,000
      2.59 Acres

      Monee Vacant Land Opportunity

      2.59 acres of vacant land ready for development.
      24700 S Murphy Ln, Monee, IL 60449
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      47,000 SF

      Monee Industrial Campus: For Lease

      New 47,000 SF Industrial Space Available
      6340 Emerald Pkwy, Monee, IL 60449
      View Details
    • Contact for pricing
      970,123 SF

      Monee Distribution Warehouse For Lease

      970,123 SF distribution warehouse with I-57 access.
      2400 University Pkwy, Monee, IL 60449
      View Details
    • Contact for pricing
      95,832 SF

      New Industrial Space Near I-57

      Modern industrial space in Monee, Illinois, near Amazon distribution facility.
      6350 W Emerald Pkwy, Monee, IL 60449
      View Details
    • Contact for pricing
      879,040 SF

      Monee Industrial Warehouse Space

      879,040 SF industrial warehouse space for lease.
      25101 South Ridgeland Ave, Monee, IL 60449
      View Details
    • Contact for pricing

      Monee Industrial Property for Lease

      Industrial property available for lease in Monee, Illinois.
      Ridgeland Rd, Monee, IL 60449
      View Details
    • Contact for pricing

      Monee Corporate Center Warehouse Space

      Warehouse/distribution space available in Monee Corporate Center.
      Monee Corporate Ctr - East, Monee, IL 60449
      View Details
    View Listing
    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.
    6340 Emerald Pkwy
    Monee, IL 60449
    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
    6340 Emerald Pkwy, Monee, IL, 60449
    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!