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    Property profile & analytics

    135 Algonquin Rd, Unit 2A Arlington Heights, IL 60005-5321

    • Office Properties & Spaces
    • 6.20 lot acres
    OFF-MARKET
    Value Estimation
    $1,290,000
    Last Sale
    Mar 12, 2021
    $1,190,000
    Location Intelligence
    Property ID
    US28-0756897
    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

    • ThinFast MD / Weight Loss Service / Doctor
    • Best Brains Learning Center - Arlington Heights / Tutoring Service / After School Program
    • iPure Med Spa / Medical Spa
    • Nala Robotics Inc / Automation Company
    • Rosser Marvin J MD / Pediatric Ophthalmologist

    Property Details for 135 Algonquin Rd

    Year built
    1974
    Lot size
    6.20 lot acres
    Property type
    Office Properties & Spaces
    APN
    08-16-401-042-1006
    APU
    8164010421006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,360,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,140,000
      6.5%
      $1,160,000
      7%
      $1,145,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,140,000
      Geo Method
      $1,155,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $955,000
      Retail
      $945,000
      Mixed-Use
      $1,030,000
      Hospitality
      $1,260,000
      Educational
      $1,230,000
      Residential Income
      $1,105,000
      Energy
      $1,275,000
      Income-Based Land
      $1,235,000
      Food Service
      $1,125,000

    Location Insight

    • Map
    • Local Demand
    City
    Arlington Heights
    County
    Cook
    State
    Illinois
    Longitude
    -87.9806
    Latitude
    42.0421
    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
    $25,768
    $44,460
    $59,939
    $104,399
    -
    $177,840
    $239,756
    $417,596

    Comparable in this City

    • Value Estimation by Request
      36,671 SF

      3150 Salt Creek Ln

      Office Properties & Spaces • 36,671 SF
      3150 Salt Creek Ln, Arlington Heights, IL 60005
      View Details
    • Value Estimation by Request
      0.32 Acres

      10 Vail Ave

      CONDOMINIUM OFFICES • 0.32 Acres
      10 Vail Ave, Arlington Heights, IL 60005-1841
      View Details
    • Value Estimation by Request
      0.32 Acres

      6 Vail Ave, Unit 5

      CONDOMINIUM OFFICES • 0.32 Acres
      6 Vail Ave, Arlington Heights, IL 60005-1841
      View Details
    • Value Estimation by Request

      570 Arthur Ave, Unit 84

      CONDOMINIUM OFFICES
      570 Arthur Ave, Arlington Heights, IL 60005-2141
      View Details
    • Value Estimation
      $155,000
      0.77 Acres

      171 Wing St Ste, Unit 208

      CONDOMINIUM OFFICES • 0.77 Acres
      171 Wing St Ste, Arlington Heights, IL 60005-5812
      View Details
    • Value Estimation
      $355,000
      0.15 Acres

      1204 Central Rd, Unit A

      CONDOMINIUM OFFICES • 0.15 Acres
      1204 Central Rd, Arlington Heights, IL 60005-2890
      View Details

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    Similar Nearby for Lease

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      31,326 SF

      Premier Office Center: Algonquin Rd

      Algonquin Road Office Suites - For Sale or Lease
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      View Details
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    • $12 SF/Yr
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    • $22 SF/Yr

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      Medical office suites available near Northwest Community Hospital.
      1700 W Central Rd, Arlington Hts, IL 60005
      View Details
    • Contact for pricing
      23,685 SF

      Arlington Heights Office Space Available

      23,685 square feet of office space for rent.
      95 W Algonquin Rd, Arlington Hts, IL 60005
      View Details
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    Arlington Heights, IL 60005-5321
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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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