Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1350 Paramount Pkwy Batavia, IL 60510-1461

    • Industrial properties
    • 10,000 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2040321
    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

    • Gust John Foods & Products / Grocery & Convenience Store / Distribution Center
    • Northern Pines / Big Box & Wholesale Store

    Property Details for 1350 Paramount Pkwy

    Year built
    1984
    Lot size
    2.00 lot acres
    Property size
    10,000 SF
    Property type
    Industrial properties
    APN
    12-13-202-007
    APU
    1213202007

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $715,000
      6.5%
      $660,000
      7%
      $615,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $628,000
      Market price range: $215k - $1.04M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $950,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Batavia
    County
    Kane
    State
    Illinois
    Longitude
    -88.2709
    Latitude
    41.8651
    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
    $18,734
    $126,043
    $92,529
    $218,572
    -
    $378,129
    $277,587
    $655,716

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      1125 Paramount Pkwy Ste G

      INDUSTRIAL (GENERAL) • 0.01 Acres
      1125 Paramount Pkwy Ste G, Batavia, IL 60510-4417
      View Details
    • Value Estimation by Request

      Batavia, IL 60510

      INDUSTRIAL (GENERAL)
      Batavia, IL 60510
      View Details
    • Value Estimation by Request
      0.01 Acres

      F Paramount Dr

      INDUSTRIAL (GENERAL) • 0.01 Acres
      F Paramount Dr, Batavia, IL 60510
      View Details
    • Value Estimation by Request
      5.60 Acres

      Batavia, IL 60510

      INDUSTRIAL (GENERAL) • 5.60 Acres
      Batavia, IL 60510
      View Details
    • Value Estimation by Request
      2.71 Acres

      Batavia, IL 60510

      INDUSTRIAL (GENERAL) • 2.71 Acres
      Batavia, IL 60510
      View Details
    • Value Estimation by Request

      Batavia, IL 60510

      INDUSTRIAL (GENERAL)
      Batavia, IL 60510
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,315 SF

      Batavia Industrial Property for Sale

      Industrial property available in Batavia, Illinois, totaling 14,315 square feet.
      910 First St, Batavia, IL 60510
      View Details
    • Contact for pricing

      Industrial Building Near I-88

      Industrial building for sale, eight minutes from I-88.
      1100 Kingsland Dr, Batavia, IL 60510
      View Details
    • $2,997,000

      Industrial Property for User Opportunity

      Industrial property available for sale, ideal for user opportunity.
      631-651 N Raddant Rd, Batavia, IL 60510
      View Details
    • Contact for pricing
      28,500 SF

      Batavia Industrial Building For Sale

      28,500 sqft industrial building located on Nagel Blvd.
      1425 Nagel Blvd, Batavia, IL 60510
      View Details
    • New
      $1,875,000
      13,060 SF

      Established Metal Stamping Operation

      Profitable metal stamping business and real estate for sale.
      1169 Lyon St, Batavia, IL 60510
      View Details
    • Contact for pricing
      131,000 SF

      Batavia Warehouse with High Visibility

      7,547 SF warehouse with customizable layout and ample power.
      301-501 N Batavia Ave, Batavia, IL 60510
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      59,460 SF

      Batavia Warehouse with Convenient Access

      Warehouse space with convenient access to I-88 and North Ave.
      1100 N Raddant Rd, Batavia, IL 60510
      View Details
    • Contact for pricing
      5,000 SF

      Batavia Warehouse Condo Available

      Warehouse condo for sale or lease, 5,000 SF available.
      1055 Paramount Pkwy, Batavia, IL 60510
      View Details
    • Contact for pricing
      136,888 SF

      Batavia Warehouse with Rail Access

      136,888 SF warehouse with BNSF rail access for lease.
      601-605 Kingsland Dr, Batavia, IL 60510
      View Details
    • Contact for pricing
      6,750 SF

      Adaptable Flex/Industrial Space Available

      Configurable space with high ceilings and ample parking.
      1701-1743 E Wilson St, Batavia, IL 60510
      View Details
    • Contact for pricing
      5,000 SF

      Batavia Warehouse with Fenced Yard

      Freestanding warehouse with office space and fenced yard for lease.
      540 S River St, Batavia, IL 60510
      View Details
    • Contact for pricing
      7,610 SF

      Batavia Warehouse with Truck Dock

      7,610 SF warehouse featuring a drive-in door and truck dock.
      900 Paramount Pkwy, Batavia, IL 60510
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1350 Paramount Pkwy
    Batavia, IL 60510-1461
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!