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    59 Nwc Of I-90 & Rte South Barrington, IL 60192
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    Property profile & analytics

    59 Nwc Of I-90 & Rte South Barrington, IL 60192

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

    Current Use by Public Records

    • Land

    Property Details for 59 Nwc Of I-90 & Rte

    Lot size
    1.20 lot acres
    Property type
    Land

    Description

    This exceptional commercial land offering presents a unique investment opportunity at the Northwest corner of I-90 and Route 59 in Hoffman Estates, Illinois (zip code 60192), Kane County. The property boasts high visibility at a four-way interchange, providing unparalleled exposure to the significant traffic volume on I-90 (127,900 vehicles per day), Higgins Road (24,500 VPD), and New Sutton Road (25,000 VPD). Multiple parcels are available, ranging from 1.2 acres to 1.73 acres, all zoned B4. This location is situated in an affluent, white-collar quadrant, benefiting from a strong local workforce. The area is home to a substantial number of employees at Prairie Stone (10,500+), and is anchored by prominent businesses including Cabela's, Marriott, NOW Arena, PetSmart, Target, and TJ Maxx. The site features off-site detention and presents significant potential for various uses, such as dining, hotel, medical office, multi-family residential, and retail developments. This is a truly remarkable opportunity to capitalize on a high-traffic, high-visibility location in a thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    South Barrington
    County
    Kane
    State
    Illinois
    Longitude
    -88.1896
    Latitude
    42.0778

    Comparable in this City

    • Value Estimation by Request

      2550 Beverly Rd

      COMMERCIAL (GENERAL)
      2550 Beverly Rd, Hoffman Estates, IL 60192-3302
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      4690 Olmstead Dr

      COMMERCIAL (GENERAL)
      4690 Olmstead Dr, Hoffman Estates, IL 60192
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    • Value Estimation by Request
      4,000 SF

      2500-2530 New Sutton Rd

      Restaurants • 4,000 SF
      2500-2530 New Sutton Rd, South Barrington, IL 60192
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    • Value Estimation by Request
      4.00 Acres

      7 Pr Stone Pkwy

      COMMERCIAL (GENERAL) • 4.00 Acres
      7 Pr Stone Pkwy, Hoffman Estates, IL 60192
      View Details
    • Value Estimation
      $4,860,000

      1600 Algonquin Rd

      COMMERCIAL (GENERAL)
      1600 Algonquin Rd, Hoffman Estates, IL 60192-1587
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    • Value Estimation by Request

      2000 Ctr Dr

      COMMERCIAL (GENERAL)
      2000 Ctr Dr, Hoffman Estates, IL 60192-5005
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      157 Acres Near I-90

      157 acres near I-90, less than 1 mile to interchange.
      30 Central Rd, South Barrington, IL 60192
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      Hoffman Estates Land Opportunity

      Land available at NWC I-90 & Rt. 59, Hoffman Estates.
      Nwc I-90 & Rt. 59, Hoffman Estates, IL 60192
      View Details
    • Contact for pricing

      Development Ready Land For Sale

      Excellent visibility, frontage, and expressway access on Barrington Road.
      2380 Lakewood Blvd, Hoffman Estates, IL 60192
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      22 SF

      Prairie Stone Business Park Land

      22-acre commercial land at Prairie Stone Business Park entrance.
      5900 Prairie Stone Pkwy, Hoffman Estates, IL 60192
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    • Contact for pricing

      Land with I-90 Visibility

      Land with high visibility and potential for various commercial uses.
      2101 Sutton Rd, Hoffman Estates, IL 60192
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      Sustainable R&D Lab-Office Building

      Environmentally sustainable R&D lab-office building with controlled environments and office areas.
      2870 Forbs Ave, Hoffman Estates, IL 60192
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    Similar Nearby for Lease

    • Contact for pricing

      New Class A Office Building

      Newly constructed office building with modern amenities and convenient location.
      4885 Hoffman Blvd, Hoffman Estates, IL 60192
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    • Contact for pricing
      756 SF

      Hoffman Estates Office Space Available

      Class A office space for lease in Hoffman Estates, IL.
      5407 Trillium Blvd, Hoffman Estates, IL 60192
      View Details
    • Contact for pricing

      Retail Space in Hoffman Estates

      Retail space available in Poplar Creek-Prairie Stone Crossing Outlot.
      2500 W Sutton Rd, Hoffman Estates, IL 60192
      View Details
    • Contact for pricing
      12,647 SF

      Hoffman Estates Retail Space Available

      Retail space for rent in Hoffman Estates, Illinois.
      2610 Sutton Rd, Hoffman Estates, IL 60192
      View Details
    • Contact for pricing
      1,300 SF

      Hoffman Estates Retail Space Available

      Retail spaces available in Hoffman Estates with high traffic volume.
      2708 N Sutton Rd, Hoffman Estates, IL 60192
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Hoffman Estates

      Retail space available in Poplar Creek-Prairie Stone Crossing Outlot.
      2500-2530 N Sutton Rd, Hoffman Estates, IL 60192
      View Details
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    South Barrington, IL 60192
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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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