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    Property profile & analytics

    1288 Rand Rd Palatine, IL 60074-2916

    • Gas stations
    • 0.76 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Location Intelligence
    Property ID
    US28-1716236
    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

    • Speedway / Gas Station / Convenience Store
    • BMO - ATM / Atm

    Property Details for 1288 Rand Rd

    Year built
    1994
    Lot size
    0.76 lot acres
    Property type
    Gas stations
    APN
    02-12-212-009
    APU
    212212009

    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
    Cook
    State
    Illinois
    Longitude
    -88.0139
    Latitude
    42.1334
    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
    $94,439
    $123,652
    $206,085
    $329,737
    -
    $494,608
    $824,340
    $1,318,948

    Comparable in this City

    • Value Estimation
      $865,000
      0.92 Acres

      1228 Dundee Rd

      GAS STATION • 0.92 Acres
      1228 Dundee Rd, Palatine, IL 60074-8304
      View Details
    • Value Estimation
      $345,000
      728 SF

      1641 Hicks Rd

      GAS STATION • 728 SF
      1641 Hicks Rd, Palatine, IL 60074
      View Details
    • Value Estimation by Request

      Palatine, IL 60074

      GAS STATION
      Palatine, IL 60074
      View Details
    • Value Estimation
      $455,000
      288 SF

      404 Dundee Rd

      GAS STATION • 288 SF
      404 Dundee Rd, Palatine, IL 60074-2814
      View Details
    • Value Estimation by Request
      0.17 Acres

      5 Snw Hwy

      GAS STATION • 0.17 Acres
      5 Snw Hwy, Palatine, IL 60074-6230
      View Details
    • Value Estimation by Request
      0.28 Acres

      5 Snw Hwy

      GAS STATION • 0.28 Acres
      5 Snw Hwy, Palatine, IL 60074-6230
      View Details

    Similar Nearby for Sale

    • $7,775,000
      5,938 SF

      New Gas Station Ground Lease

      Brand new gas and convenience store with a long-term lease.
      20227 N Rand Rd, Palatine, IL 60074
      View Details
    • $7,775,000
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      Thornton's Gas Station - Palatine, IL

      High-Yield NNN Ground Lease Investment
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      1,744 SF

      Turnkey Restaurant with Drive-Thru

      1,744 SF restaurant with drive-thru on half-acre lot.
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    • Contact for pricing
      1,744 SF

      Palatine QSR with Buildable Lot

      Turnkey Restaurant, High Traffic Area, Adjacent Lot
      1158 Dundee Rd, Palatine, IL 60074
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      2,300 SF

      Turn-Key Dental Office Space

      Fully equipped dental office in prime location ready for immediate occupancy.
      741 E Dundee Rd, Palatine, IL 60074
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    • Contact for pricing
      12,689 SF

      Redevelopment Opportunity on Rand Road

      Redevelopment opportunity in TIF district with high traffic counts.
      1720-1724 N Rand Rd, Palatine, IL 60074
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    Similar Nearby for Lease

    • Contact for pricing
      4,410 SF

      Palatine Retail Space For Lease

      Prime Palatine location, 2,610 sq ft available.
      948 Dundee Rd, Palatine, IL 60074
      View Details
    • Contact for pricing
      7,500 SF

      Retail Space in Palatine

      7,500 SF retail space available for lease.
      1150 E Dundee Rd, Palatine, IL 60074
      View Details
    • $7,995,000
      53,000 SF

      High-Image Retail/Showroom Building Available

      Retail/showroom building on a large land site with high visibility.
      2015 N Rand Rd, Palatine, IL 60074
      View Details
    • $2,321,053
      1,510 SF

      Retail Space in Palatine Center

      Retail space available in high-profile Palatine shopping center.
      948-954 E Dundee Rd, Palatine, IL 60074
      View Details
    • Contact for pricing
      237,608 SF

      Deer Grove Centre: Retail Space Available

      Prime Cook County retail space, multiple units.
      0 Dundee Rd, Palatine, IL 60074
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    • $26 SF/Yr
      902 SF

      Retail Space Available For Rent

      902 square feet of retail space for lease.
      1703-1717 N Rand Rd, Palatine, IL 60074
      View Details

    Property Visit Statistics

    • Visits by month
      32.3k
    • Visitors by month
      16.4k
    • Avg Time on site
      6 min
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    1288 Rand Rd
    Palatine, IL 60074-2916
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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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