Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Randall Rd. & Big Timber Rd Elgin, IL 60123
    Back to Search
    Property profile & analytics

    Randall Rd. & Big Timber Rd, Elgin, IL 60123

    View on Map
    • Land
    • 323,980 SF
    • 22.97 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Randall Rd. & Big Timber Rd

    Lot size
    22.97 lot acres
    Property type
    Land
    Property subtype
    Flex space

    Description

    This exceptional 323,980-square-foot industrial property, situated on a 22.97-acre lot in Elgin, Illinois, presents a unique investment opportunity. Boasting a prime location at the intersection of Randall Road and Big Timber Road, this property offers unparalleled visibility and accessibility. The building features a substantial 32-foot ceiling height, providing ample space for various industrial uses. With 514 parking spaces available, employee and visitor parking is well accommodated. The property's flexible unit sizes cater to a wide range of business needs, making it ideal for both large and small operations. Its strategic location offers convenient access to major transportation routes, with the full interchange at I-90 and Randall Road just one mile away. This new construction property is available for sale, presenting a rare chance to acquire a state-of-the-art industrial facility in a thriving location within Kane County, zip code 60123. The property is classified as Industrial, Land, and also encompasses Commercial and Flex subtypes. This high-demand location and the building's features make this an exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elgin
    County
    Kane
    State
    Illinois
    Longitude
    -88.3355
    Latitude
    42.0649

    Comparable in this City

    • Value Estimation by Request

      440 Airport Rd

      Churches & religious facilities
      440 Airport Rd, Elgin, IL 60123
      View Details
    • Value Estimation by Request
      56.00 Acres

      Airport Rd

      Land
      0 Airport Rd, Elgin, IL 60123
      View Details
    • Value Estimation by Request
      23,690 SF

      1403A Timber Dr

      Flex space
      1403A Timber Dr, Elgin, IL 60123
      View Details
    • Value Estimation by Request
      73,375 SF

      1575-1595 Highpoint Dr

      Distribution properties
      1575-1595 Highpoint Dr, Elgin, IL 60123
      View Details
    • Value Estimation by Request
      0.20 Acres

      777 Big Timber Rd

      INDUSTRIAL (GENERAL)
      777 Big Timber Rd, Elgin, IL 60123-1488
      View Details
    • Value Estimation by Request

      Bowes Rd

      INDUSTRIAL (GENERAL)
      Bowes Rd, Elgin, IL 60123
      View Details

    Similar Nearby for Sale

    • $2,000,000
      12,400 SF

      Versatile Commercial Building in Elgin

      12,400 SF commercial building suitable for industrial, flex, or specialty uses.
      1175 Jansen Farm Ct, Elgin, IL 60123
      View Details
    • Contact for pricing
      15,000 SF

      Versatile Industrial Building with Offices

      15,000 sq ft industrial building with office space in Elgin.
      Unknown, Elgin, IL 60123
      View Details
    • Contact for pricing
      20,000 SF

      Elgin Industrial Space Available

      Flexible industrial space for lease with easy access to I-90.
      340 Renner Dr, Elgin, IL 60123
      View Details
    • Contact for pricing
      139,840 SF

      Corner Industrial Property For Sale

      High visibility industrial property with flexible unit sizes available for sale.
      2400 Big Timber Rd, Elgin, IL 60123
      View Details
    • Contact for pricing

      Industrial Building with Fenced Yard

      Industrial building for sale or lease with gated, fenced yard.
      1725 Weld Rd, Elgin, IL 60123
      View Details
    • $1,375,000
      60 SF

      Multifamily Development Opportunity

      Transit-oriented land for multifamily development.
      13N047 Randall Rd, Elgin, IL 60123
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      340 Renner Dr, Elgin, IL 60123

      Flex space
      340 Renner Dr, Elgin, IL 60123
      View Details
    • Sponsored
      Contact for pricing

      IL, Elgin - Point Blvd

      Workspaces, services and support to help you work better in IL, Elgin - Point Blvd
      2250 Point Blvd, Elgin, IL 60123
      View Details
    • Contact for pricing

      Elgin Industrial/Flex Space Available

      Industrial/flex space for rent at River Ridge Business Center.
      440 Airport Rd, Elgin, IL 60123
      View Details
    • Contact for pricing

      Industrial Flex Space for Lease

      Industrial flex space available for lease, suited for businesses needing both functional workspace and warehouse-style storage.
      1405-A Timber Dr, Elgin, IL 60123
      View Details
    • Contact for pricing
      2,800 SF

      Office and Warehouse Space Available

      Office and warehouse space with mezzanine storage near I-90.
      1401-1405 W Timber Dr, Elgin, IL 60123
      View Details
    • Contact for pricing
      139,840 SF

      Elgin Industrial Property Available

      139,840 sqft industrial property for rent in Elgin, IL.
      Nwc Randall Rd. & Big Timber Rd, Elgin, IL 60123
      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.
    Randall Rd. & Big Timber Rd
    Elgin, IL 60123
    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
    Randall Rd. & Big Timber Rd, Elgin, IL, 60123
    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!