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    Prime Land in Randall Road Title is generated by Realmo AI

    6850 Huntley Road, Carpentersville, IL 60110

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    Pending
    $550,000

    LAND - Carpentersville, IL

    Lot size:
    2.38 Acres
    Added:
    Jun 3, 2025
    Days on Market:
    346
    Last Refresh:
    May 14 at 8:06 am

    Property Features for 6850 Huntley Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    COMMR
    Standard status
    Pending
    APN
    0317103010
    Lot size
    2.38 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    278

    We can help!

    Listing Contact
    Alissa Roy
    Alissa Roy

    Listing agent Alissa Roy License #475161511

    Listing office Keller Williams Inspire - Geneva 416 S 2nd Street, Geneva, IL

    Listing date Jun 3, 2025

    MLS# 12382859 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location, just .18 mile from the Randall Road commercial corridor.
    • High visibility with over 30,997 vehicles passing daily.
    • Versatile C‑2A zoning allows for various uses, including retail, offices, and clinics.
    • Located in a thriving community; strong demographics with high average household income.
    • Adjacent to the Prairie Meadows Shopping Center.
    • 257' of frontage on Huntley Rd.

    Overview

    This 2.38-acre commercial land is located in the Randall Road Commercial District of Carpentersville, Illinois, approximately 0.18 miles from the Randall Road corridor. The property is situated next to a BMO Harris bank and across the street from the Prairie Meadows Shopping Center. It benefits from high traffic, with a daily traffic count of over 23,597 vehicles. The property has 257' of frontage on Huntley Rd. The zoning is C-2A Randall Rd Commercial District, which allows for a variety of uses including retail, professional offices, fitness centers, clinics, and potentially assisted living or child care facilities. The location has a population of 18,939 residents within a 2-mile radius and an average household income of $143,373 within a 2-mile radius. This lot presents an excellent opportunity for developers and investors looking to capitalize on the area's growth. The versatile C-2A zoning provides multiple development possibilities, making it suitable for a wide range of commercial ventures. Whether you're planning to establish a retail center, professional office space, fitness facility, clinic, or exploring options for assisted living or child care services, this property offers a solid foundation for your business ambitions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Carpentersville
    County
    Kane
    State
    Illinois
    Longitude
    -88.330947
    Latitude
    42.123083

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    FAQs

    What type of property is this?
    Commercial land - 2.38 acres in Carpentersville's Randall Road Commercial District.
    Where is this commercial land located?
    The property is located at 6850 Huntley Road Carpentersville, IL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Prime location, just .18 mile from the Randall Road commercial corridor.; High visibility with over 30,997 vehicles passing daily.; Versatile C‑2A zoning allows for various uses, including retail, offices, and clinics.
    (630) 377-6200
    We can help!
    Listing Contact
    Alissa Roy
    Alissa Roy
    Real Estate License ID: 475161511
    Learn More
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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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