Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Sec 3 Oaks & Georgetown Cary, IL 60013
    Back to Search
    Property profile & analytics

    Sec 3 Oaks & Georgetown, Cary, IL 60013

    View on Map
    • Land
    • 6.67 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Sec 3 Oaks & Georgetown

    Lot size
    6.67 lot acres
    Property type
    Land

    Description

    This exceptional 6.67-acre commercial land parcel presents a unique investment opportunity in Cary, Illinois. Located at the intersection of Three Oaks and Georgetown Roads in McHenry County (zip code 60013), this relatively rectangular site boasts frontage on three roads, offering excellent visibility and accessibility. The property is zoned B-2, allowing for a variety of commercial uses. All utilities are available on-site, and off-site detention is in place, simplifying development. Previously bank-owned, the site has already undergone grading and engineering, saving significant time and expense for the buyer. The asking price is $1,145,000, representing a reduced price of $3.94 per square foot. This makes it an attractive option for various commercial ventures, such as a banquet facility or a medium-sized retail establishment. The property's strategic location at a signalized intersection ensures high traffic volume and exposure. This ready-to-develop site offers a streamlined path to construction, minimizing delays and maximizing return on investment. The property's rectangular shape allows for efficient site planning and development. This is a rare opportunity to acquire a well-prepared commercial site in a desirable location. The property includes three potential building pads.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    McHenry
    State
    Illinois
    Longitude
    -88.2663
    Latitude
    42.219

    Comparable in this City

    • Value Estimation by Request
      1.97 Acres

      3 4 Rte

      Land
      3 4 Rte, Cary, IL 60013
      View Details
    • Value Estimation by Request
      46.00 Acres

      3712 3 Oaks Rd

      Land
      3712 3 Oaks Rd, Cary, IL 60013
      View Details
    • Value Estimation by Request
      3.16 Acres

      Kaper Dr

      Land
      0 Kaper Dr, Cary, IL 60013
      View Details
    • Value Estimation by Request
      30.00 Acres

      Us-14

      Land
      0 Us-14, Cary, IL 60013
      View Details
    • Value Estimation by Request
      1.00 Acre

      134 Northwest Hwy

      Land
      134 Northwest Hwy, Cary, IL 60013
      View Details
    • Value Estimation by Request
      7.34 Acres

      2 3 Oaks Rd

      Land
      2 3 Oaks Rd, Cary, IL 60013
      View Details

    Similar Nearby for Sale

    • $840,000
      3.16 Acres

      Land For Sale, Cary, IL

      Commercial land available in Cary, Illinois.
      Kaper Dr, Cary, IL 60013
      View Details
    • Contact for pricing

      Commercial Development Land For Sale

      6.67 acre commercial site with frontage on 3 roads.
      Sec 3 Oaks & Georgetown, Cary, IL 60013
      View Details
    • Contact for pricing

      Prime Commercial Land Ready Development

      Development-ready land with frontage on Rt. 31.
      8415 Rt, Cary, IL 60013
      View Details
    • $99,900
      0.19 Acres

      Waterfront Land on Fox River

      Waterfront land with private access, dock, and potential building.
      28876 W Pioneer Grove Rd, Cary, IL 60013
      View Details
    • Contact for pricing
      137,650 SF

      Vacant Land Ready for Development

      3.16 acre vacant land suitable for retail or office.
      Kaper Dr, Cary, IL 60013
      View Details
    • Contact for pricing

      Commercial Development Land on Route 14

      1.97 acres of commercial development land on Route 14.
      3 4 Rte 14, Cary, IL 60013
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for lease in Cary, Illinois.
      62 Northwest Hwy, Cary, IL 60013
      View Details
    • Contact for pricing

      Retail Space in Cary, IL

      Prime retail location in the heart of Cary, Illinois.
      3106 3 Oaks Rd, Cary, IL 60013
      View Details
    • Contact for pricing

      Retail Space in Anchored Center

      Highly visible retail space in Cary, Illinois.
      504 Northwest Hwy, Cary, IL 60013
      View Details
    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.
    Sec 3 Oaks & Georgetown
    Cary, IL 60013
    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
    Sec 3 Oaks & Georgetown, Cary, IL, 60013
    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!