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    Hampshire Rds Hampshire, IL 60140
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    Hampshire Rds Hampshire, IL 60140

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

    Current Use by Public Records

    • Land

    Property Details for 0 Hampshire Rds

    Lot size
    300.00 lot acres
    Property type
    Land

    Description

    This exceptional 300-acre parcel of unimproved commercial land presents a unique investment opportunity in Kane County, Illinois. Strategically located on Hampshire Roads, this property boasts significant frontage along I-90, offering unparalleled access to major transportation arteries. The site's proximity to I-90 and its location in a pro-business municipality with potential for annexation to Hampshire, IL, further enhances its appeal. Utilities are readily available nearby, simplifying development plans. The area is already home to major corporate transportation companies including Old Dominion, Dayton Freight Lines, and R&L Carriers, creating a strong industrial cluster. The presence of major fuel stations at the Route 20 and I-90 interchange adds to the site's logistical advantages. This expansive tract is ideally suited for industrial development and related uses, offering substantial potential for significant returns. The sale price is subject to offer, making this a highly flexible and attractive proposition for discerning investors. The property's size and location make it an exceptional opportunity for large-scale industrial projects. The 60140 zip code ensures easy access to a robust infrastructure and workforce. This is a rare chance to acquire a substantial land holding in a thriving industrial corridor.

    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
    -88.5304
    Latitude
    42.0978

    Comparable in this City

    • Value Estimation by Request
      13.03 Acres

      I-90 Logistics Park

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      HAMPSHIRE ILLINOIS Midwest Logistics Ctr

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      22.00 Acres

      19N994 Harmony Rd

      Land • 22.00 Acres
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      5.56 Acres

      1509 Ketchum Rd

      Land • 5.56 Acres
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      1.30 Acres

      72 And Reinking Rd

      Land • 1.30 Acres
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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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    Similar Nearby for Sale

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      Land For Sale

      Land available in I-90 Logistics Park, Hampshire, IL.
      I-90 Logistics Park, Hampshire, IL 60140
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      Land For Sale

      Land available for sale.
      19N994 Harmony Rd, Hampshire, IL 60140
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    • $2,000,000

      Land with Frontage on IL-72

      33-acre land parcel with frontage on IL Route 72.
      72 And French 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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      Industrial Land with I-90 Frontage

      22-acre industrial land with I-90 frontage near transportation hubs.
      19N994 Harmony Rd, Hampshire, IL 60140
      View Details
    • Contact for pricing
      85 SF

      I-90 Frontage Land Available

      Two land sites available with I-90 frontage and utilities.
      Sec I-90 & Rte 20, Hampshire, IL 60140
      View Details

    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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      New Construction Development Opportunity

      New construction development with land available for rent.
      47 & Big Timber Rd, Huntley, IL 60140
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    • $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

      Truck Terminal For Lease/Sale

      Truck terminal available for sale or lease.
      I-90 Rte 20, 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
      View Details
    • $14 SF/Yr

      Retail Space in Hampshire, IL

      Retail property with ample parking and flexible terms available for rent.
      117 W Oak Knoll Dr, 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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