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    I-90 Logistics Park Hampshire, IL 60140
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    I-90 Logistics Park Hampshire, IL 60140

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    • Land
    • 13.03 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for I-90 Logistics Park

    Lot size
    13.03 lot acres
    Property type
    Land

    Description

    This exceptional opportunity presents two remaining commercial land parcels within the highly sought-after I-90 Logistics Park in Hampshire, Illinois (Kane County, zip code 60140). Located at 42.1364199, -88.4823362, these sites offer unparalleled access to major transportation arteries. Lot 2 encompasses 26.36 acres, while Lot 3 comprises 13.03 acres. Both parcels benefit from existing utilities and infrastructure, minimizing development costs and timelines. The park's strategic location provides approximately 1,400 feet of frontage along I-90, ensuring seamless connectivity for logistics and distribution operations. The area is also conveniently served by several truck fuel service stations situated at the I-90 four-way interchange, enhancing operational efficiency. This location is known for its transportation-friendly municipal environment, fostering a supportive atmosphere for business growth. Owners have the flexibility to develop a turnkey facility tailored to their specific needs. The sale price is subject to offer. Don't miss this chance to acquire prime commercial land in a thriving logistics hub. Contact us today to discuss these exceptional opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hampshire
    County
    Kane
    State
    Illinois
    Longitude
    -88.4823
    Latitude
    42.1364

    Comparable in this City

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      33.30 Acres

      72 And French Rd

      Land • 33.30 Acres
      72 And French Rd, Hampshire, IL 60140
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      1.30 Acres

      72 And Reinking Rd

      Land • 1.30 Acres
      72 And Reinking Rd, Pingree Grove, IL 60140
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      5.56 Acres

      1509 Ketchum Rd

      Land • 5.56 Acres
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      HAMPSHIRE ILLINOIS Midwest Logistics Ctr

      Land
      HAMPSHIRE ILLINOIS Midwest Logistics Ctr, Hampshire, IL 60140
      View Details
    • Value Estimation by Request
      22.00 Acres

      19N994 Harmony Rd

      Land • 22.00 Acres
      19N994 Harmony Rd, Hampshire, IL 60140
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      19N994 Harmony Rd, Hampshire, IL 60140
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      Land For Sale Hampshire

      Land available for sale in Hampshire, Illinois.
      Hampshire Rds, Hampshire, IL 60140
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      New Construction Development Opportunity

      Land available for new construction development in Huntley, Illinois.
      State Rte 47, Huntley, IL 60140
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    Similar Nearby for Lease

    • Contact for pricing

      Land For Lease

      Land available for lease at Midwest Logistics Center.
      Midwest Logistics Ctr, Hampshire, IL 60140
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      61 SF

      Truck Terminal For Lease/Sale

      Truck terminal available for sale or lease.
      I-90 Rte 20, Hampshire, IL 60140
      View Details
    • $850 /Mo
      680 SF

      Office and Contractor Trailer Space

      Office and trailer spaces available for rent with yard space.
      268 Mill Ave, Hampshire, IL 60140
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    • Contact for pricing
      Pending

      Hampshire Commercial Building For Lease

      6,336 sqft commercial building with office space for lease.
      46W786 Allen Rd, Hampshire, IL 60140
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    • $14 SF/Yr

      Commercial Space in Hampshire, Illinois

      Professional center with flexible space options available for rent.
      895 S State St, Hampshire, IL 60140
      View Details
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    Hampshire, IL 60140
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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.

    More about this property
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