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    Property profile & analytics

    Northwest Hwy Palatine, IL 76051

    • Neighborhood centers
    • 40,000 SF
    • 2.79 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 0 Northwest Hwy

    Year built
    1980
    Lot size
    2.79 lot acres
    Property size
    40,000 SF
    Property type
    Neighborhood centers
    Property subtype
    Community centers

    Description

    Invest in this exceptional 40,000 square foot retail and office center located in Grapevine, Texas, within Tarrant County. This single-story, 1980-built property sits on a 2.79-acre lot at the prominent intersection of E Northwest Hwy and W Northwest Hwy & N Plum Grove Rd, boasting excellent visibility and signage opportunities. Currently, 6,280 square feet of space is available, divisible into units ranging from 532 to 1,864 contiguous square feet, perfect for a variety of businesses. The center features 70 parking spaces for ample customer and employee convenience. Common areas underwent a significant renovation in 2019, enhancing the overall appeal and functionality of the space. A key advantage is the property's strategic location, anchored by Quest Academy, an elementary school with approximately 300 students, ensuring consistent foot traffic and a strong community presence. This presents a unique opportunity to establish a thriving business in a high-demand area. The property's multiple tenancy allows for flexibility and diverse tenant options. Don't miss this chance to secure a prime location in a thriving community. Contact us today to learn more about leasing opportunities.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Tarrant
    State
    Illinois
    Longitude
    -88.0365
    Latitude
    42.1184
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    Northwest Hwy
    Palatine, IL 76051
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    Realmo Value Estimation

    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.

    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.

    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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