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    Property profile & analytics

    2615 3 Oaks Rd Cary, IL 60013

    • Commercial real estate
    • 18,434 SF
    • 1.86 lot acres
    For Sale
    View listing
    $1,799,000
    Value Estimation
    Last Sale
    May 29, 2025
    $1,799,000
    Location Intelligence
    Property ID
    US28-2218952
    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 2615 3 Oaks Rd

    Year built
    1998
    Lot size
    1.86 lot acres
    Property size
    18,434 SF
    Property type
    Commercial real estate
    APN
    19-12-301-040
    APU
    1912301040

    Description

    This exceptional Class A office building, located at 2615 Three Oaks Rd in Cary, IL 60013, offers a variety of professional office spaces for lease. Built in 1997 and extensively renovated in 2021, this two-story building boasts 19,860 total square feet, with 1,800 square feet currently available in multiple suites ranging from 198 to 2,500 square feet. The property features a convenient elevator, ample parking with 92 spaces, and attractive amenities including a first-floor break area and conference room, as well as common bathrooms on each floor. Monument signage is also available. The building is situated near Northwest Highway in McHenry County and enjoys a prestigious location with established professional co-tenants such as Northwestern Health, Cary Dental, psychologists, and attorneys. This is an ideal opportunity for businesses seeking a modern, well-maintained office space in a thriving community. The building's versatile layout accommodates a range of office needs, from executive suites to medical or creative office spaces, and even traditional office setups. Contact us today to learn more about leasing opportunities and explore the possibilities for your business.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,615,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,770,000
      6.5%
      $1,820,000
      7%
      $1,985,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,475,000
      Geo Method
      $1,535,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,720,000
      Retail
      $1,510,000
      Mixed-Use
      $1,450,000
      Hospitality
      $1,640,000
      Educational
      $1,715,000
      Residential Income
      $1,555,000
      Energy
      $1,710,000
      Income-Based Land
      $1,940,000
      Food Service
      $1,815,000

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Mchenry
    State
    Illinois
    Longitude
    -88.2516
    Latitude
    42.2185
    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
    2022
    $31,261
    $208,001
    $121,196
    $329,197
    -
    $624,003
    $363,588
    $987,591

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    Similar Nearby for Lease

    • $18 SF/Yr
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      Cary Retail Center: Prime Location

      17,073 SF Retail Space Available
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      View Details
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      High-Visibility Retail Space, Excellent Location
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    2615 3 Oaks Rd
    Cary, IL 60013
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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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