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    900 E Walnut St Carbondale, IL 62901

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    900 E Walnut St Carbondale, IL 62901

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    • Investment properties
    • 1.89 lot acres
    For Lease
    View Listing →
    Carbondale Office Spaces Available For Lease
    Contact for pricing
    2,629 SF

    Carbondale Office Spaces Available

    Office spaces for rent ranging from 1,629 to 2,629 SqFt.

    900 E Walnut St, Carbondale, IL 62901
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    Property ID
    US28-2873712
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sunny Street Cafe / Cafe & Coffee Shop
    • Heartland Women's Healthcare / Medical Clinic
    • New Horizons OBGYN Heartland Women's Healthcare / Physician
    • Pediatric Group, LLC / Pediatrician / Medical Clinic
    • Jessica Kelley / Physician

    Property Details for 900 E Walnut St

    Lot size
    1.89 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    15-22-128-017
    APU
    1522128017

    Description

    This exceptional medical office building, located at 900 E Walnut St in Carbondale, Illinois, presents a fantastic opportunity for healthcare professionals. The property boasts a total of 24,960 square feet, currently featuring multiple tenancies. There are four individual spaces immediately available, ranging in size from 1,629 to 2,629 square feet, providing flexibility for various medical practices. The building is situated in Jackson County, offering convenient access for patients and staff. The strategic location in Carbondale, IL, zip code 62901, ensures high visibility and accessibility within the community. With 4,752 square feet currently vacant, this presents a unique chance to establish or expand your medical practice in a well-maintained building. The property's classification as a medical office building speaks to its suitability for healthcare-related businesses. The multiple tenancy structure allows for a diverse range of medical services to coexist, creating a synergistic environment. This is an excellent opportunity to secure prime medical office space in a thriving Illinois community. The building's size and layout offer ample room for growth and expansion, making it an ideal investment for long-term success. Contact us today to learn more about this exceptional property and schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Jackson
    State
    Illinois
    Longitude
    -89.2018
    Latitude
    37.7271
    CBSA code
    16060
    CBSA name
    CARBONDALE-MARION, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $76,796
    $81,806
    $1,035,857
    $1,117,663
    -
    $245,418
    $3,107,571
    $3,352,989

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    Similar Nearby for Lease

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      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
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    • $12 SF/Yr
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      Retail Space on Main Street

      7,592 SF retail space with high visibility available for lease.
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      Retail space in a vibrant, high-traffic Carbondale location.
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      Retail Space in Carbondale, IL

      Retail space available for lease in Carbondale, Illinois.
      401 East Walnut St, Carbondale, IL 62901
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    View Listing
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    Carbondale, IL 62901
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    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.

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