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

    3-87 N Randall Rd Batavia, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in high-traffic area with renovation and new parking.

    Type:RETAIL
    Property size:
    4,000 SF
    Lot size:
    6.43 Acres
    Added:
    Oct 22, 2024
    Days on Market:
    556
    Last Refresh:
    Apr 5 at 9:04 pm

    Property Features for 3-87 N Randall Rd

    General Information

    Standard status
    Active
    Size
    4,000 SF
    Lot size
    6.43 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 3-87 N Randall Rd Contact us

    We can help!

    Listing Contact
    Matthew Tarshis

    Listing agent Matthew Tarshis

    Listing office Frontline Real Estate Partners, LLC

    Listing date Oct 22, 2024

    Source Moodyscre

    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 Frontline Real Estate Partners, LLC

    Overview

    Target Anchored Retail Space Available

    This retail property offers an opportunity to join a Target-anchored shopping center located within the Randall Road retail corridor, which experiences approximately 42,000 vehicles per day. The center is under new ownership, and facade and facade lighting renovations were completed in 2023. A junior box endcap space is available, with the potential for adjacent outdoor or "green" space. Pylon signage is available for the endcap unit, offering exposure to the high traffic volume. A new parking lot is expected in Spring 2024. The property size is 4,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    • Randall Commons — 1596 S Randall Rd, Geneva, IL 60134
    • Wind Point S.C. — 301 n randall rd, batavia, il 60510

    Location Insight

    • Map
    • Local Demand
    City
    Batavia
    County
    Kane
    State
    Illinois
    Longitude
    -88.3425
    Latitude
    41.8504

    Nearby Similar for Lease

    • Contact for pricing

      Commercial Space in Batavia, IL

      Commercial space for rent in Batavia, Illinois.
      207 Webster Street, Batavia, IL 60510
      View Details
    • $22 SF/Yr

      Commercial Space in Batavia, IL

      Retail space available for rent, previously used as a salon.
      819 N Randall Road, Batavia, IL 60510
      View Details
    • $22 SF/Yr

      Batavia Commercial Space Available

      Medical office space available for rent in Batavia, Illinois.
      815 N Randall Road, Batavia, IL 60510
      View Details
    • $8 SF/Yr

      Batavia Warehouse and Office Space

      Warehouse and office space available for lease in Batavia, Illinois.
      1400 1400 Kingsland Dr, Batavia, IL
      View Details
    • Contact for pricing

      Batavia Industrial Building For Lease

      Divisible industrial building with recent upgrades available for lease.
      902 Paramount Parkway, Batavia, IL 60510
      View Details
    • Contact for pricing

      Batavia Industrial Space For Lease

      Industrial space available for lease, divisible to 50,000 SF.
      1252 Pierson Drive, Batavia, IL, 60510
      View Details
    • Contact for pricing

      Batavia Warehouse Condo Available

      Warehouse condo for sale or lease, 5,000 SF available.
      1055 Paramount Parkway, Batavia, IL, 60510
      View Details
    • Contact for pricing

      Batavia Warehouse with Rail Access

      136,888 SF warehouse with BNSF rail access for lease.
      601-605 Kingsland Dr, Batavia, IL
      View Details
    • $2,437/Mo

      Batavia Flex Space For Lease

      1,950 SF flex space with 16' ceilings available for lease.
      1183 Pierson Dr, Batavia, IL
      View Details
    • Contact for pricing

      Batavia Warehouse with Convenient Access

      Warehouse space with convenient access to I-88 and North Ave.
      1100 N Raddant Rd, Batavia, IL
      View Details
    • Contact for pricing

      Retail Space at Windmill Place

      Retail space available in Batavia, anchored by Jewel Osco.
      2002-2012 W Wilson St, Batavia, IL
      View Details
    • $12 SF/Yr

      Batavia Office Space For Rent

      1600 SF office space available for lease in Batavia.
      725 E Fabyan Pkwy, Batavia, IL
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space in high-traffic area with renovation and new parking.
    Where is this shopping center located?
    The property is located at 3-87 N Randall Rd Batavia, IL.
    What are key features of this property?
    This property features: High‑traffic location on Randall Road with approximately 42,000 vehicles per day (VPD).; Endcap unit with pylon signage available, offering excellent exposure.; Opportunity to add adjacent outdoor or "green" space.
    (847) 542-9058 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matthew Tarshis
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!