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    Property profile & analytics

    444 Rand Rd North Barrington, IL 60010

    • Commercial real estate
    • 2.05 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Value Estimation
    $450,000
    Location Intelligence
    Property ID
    US28-2062066
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 444 Rand Rd

    Lot size
    2.05 lot acres
    Property type
    Commercial real estate
    APN
    14-06-301-132
    APU
    1406301132

    Description

    This exceptional Class B medical office building, constructed in 2005, offers multiple suites for lease at 444 N Rand Road in North Barrington, Illinois. The property totals 10,694 square feet and currently has 5,494 square feet of vacant space available, divisible into units ranging from a minimum of 686 square feet to a maximum contiguous space of 2,747 square feet. The building features ample parking with a ratio of 4 spaces per 1,000 square feet. Located in Lake County, Illinois, zip code 60010, this property presents a fantastic opportunity for medical professionals seeking a well-maintained space. One suite is currently configured as a dental office, complete with existing gas, air, and water lines, allowing for a quick and efficient move-in. This turnkey solution minimizes setup time and maximizes operational efficiency. The building's convenient location and readily available space make it an ideal choice for a variety of medical practices. The address is 444 N Rand Road, North Barrington, IL 60010. Serious inquiries are encouraged to explore this exceptional opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $455,000

    • CAP approach

      CAP return
      Estimation
      6%
      $420,000
      6.5%
      $500,000
      7%
      $465,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $460,000
      Geo Method
      $390,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $380,000
      Retail
      $480,000
      Mixed-Use
      $420,000
      Hospitality
      $390,000
      Educational
      $395,000
      Residential Income
      $435,000
      Energy
      $390,000
      Income-Based Land
      $375,000
      Food Service
      $495,000

    Location Insight

    • Map
    • Local Demand
    City
    North Barrington
    County
    Lake
    State
    Illinois
    Longitude
    -88.1124
    Latitude
    42.2334
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $50,916
    $309,913
    $360,711
    $670,624
    -
    $929,832
    $1,082,241
    $2,012,073

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    444 Rand Rd
    North Barrington, IL 60010
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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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