Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Orchard Rd Aurora, IL 60506
    Property profile & analytics

    Orchard Rd Aurora, IL 60506

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

    Current Use by Public Records

    • Land

    Property Details for 0 Orchard Rd

    Lot size
    34.00 lot acres
    Property type
    Land

    Description

    This exceptional 34-acre commercial land parcel in Aurora, Illinois, presents a unique investment opportunity. Situated on North Orchard Road in Kane County, zip code 60506, this property offers immediate availability for development. The land is comprised of two lots, providing flexibility for various commercial ventures. A significant advantage is the inclusion of one acre of outlot space with direct access to a traffic signal, ensuring high visibility and convenient access for customers. The current zoning is a Planned Development District, with an underlying B-2 General Commercial designation, opening doors to a wide range of commercial uses. This zoning allows for diverse development options, catering to various business needs. The property's strategic location provides exceptional vehicle access from three traffic signals, maximizing accessibility and exposure. This rare combination of size, zoning, and accessibility makes this 34-acre parcel an exceptional opportunity for developers and investors seeking a prime location in a thriving commercial area. The property's coordinates are 41.777808 latitude and -88.3756738 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.3757
    Latitude
    41.7778

    Comparable in this City

    • Value Estimation by Request
      3.75 Acres

      1229 Randall Rd

      Land • 3.75 Acres
      1229 Randall Rd, Aurora, IL 60506
      View Details
    • Value Estimation by Request
      64.22 Acres

      Of Sullivan Rd

      Land • 64.22 Acres
      0 Of Sullivan Rd, Aurora, IL 60506
      View Details
    • Value Estimation by Request
      2.37 Acres

      2005 Galena Blvd

      Land • 2.37 Acres
      2005 Galena Blvd, Aurora, IL 60506
      View Details
    • Value Estimation by Request
      44.30 Acres

      Deerpath Rd & Sullivan Rd

      Land • 44.30 Acres
      0 Deerpath Rd & Sullivan Rd, Aurora, IL 60506
      View Details
    • Value Estimation by Request
      0.89 Acres

      Constitution Dr

      Land • 0.89 Acres
      0 Constitution Dr, Aurora, IL 60506
      View Details
    • Value Estimation by Request
      6.69 Acres

      1194 Jericho Rd

      COMMERCIAL (GENERAL) • 6.69 Acres
      1194 Jericho Rd, Aurora, IL 60506-5822
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Aurora Land For Sale

      Land available for sale in Aurora, Illinois.
      Prairie St, Aurora, IL 60506
      View Details
    • $340,000

      Aurora Land for Sale

      Two acre land parcel available in Aurora, Illinois.
      Swc Dancer Dr. & Melissa Ln, Aurora, IL 60506
      View Details
    • Contact for pricing

      Deerpath Rd & Sullivan Rd, Aurora, IL 60506

      Land
      Deerpath Rd & Sullivan Rd, Aurora, IL 60506
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Swc Of Dancer Dr & Melissa Ln, Aurora, IL 60506
      View Details
    • Contact for pricing

      Aurora Commercial Land For Sale

      Corner lot with utilities, high traffic, near sports complex.
      39W041 Jericho Cir, Aurora, IL 60506
      View Details
    • $34,000
      0.19 Acres

      Aurora Residential Vacant Lot

      Vacant residential lot with utilities available.
      932 New York St, Aurora, IL 60506
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Near Residential Development

      Outlot near residential development with high traffic and accessibility.
      1380 N Orchard Rd, Aurora, IL 60506
      View Details
    • Contact for pricing

      Aurora Warehouse with I-88 Access

      533,232 SF warehouse with temperature controlled space and ample parking.
      2380 Sullivan Rd, Aurora, IL 60506
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office space for lease in Aurora, Illinois.
      1975 Melissa Ln, Aurora, IL 60506
      View Details
    • Contact for pricing

      Retail Strip Center For Rent

      Strip center with national tenants available for lease.
      2124 W Galena Blvd, Aurora, IL 60506
      View Details
    • $1.00 SF/Yr

      Remodeled Victorian Building in Downtown

      Remodeled Victorian building suitable for various business needs.
      123 S Lake St, Aurora, IL 60506
      View Details
    • $16 SF/Yr

      Office Space Near Downtown Aurora

      Office space with three private offices and reception area for rent.
      444 W Galena Blvd, Aurora, IL 60506
      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.
    Orchard Rd
    Aurora, IL 60506
    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
    Orchard Rd, Aurora, IL, 60506
    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!