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    Property profile & analytics

    1403 Rand Rd Palatine, IL 60074-2924

    • Community centers
    OFF-MARKET
    Value Estimation
    $1,575,000
    Last Sale
    May 13, 2021
    $1,390,000
    Location Intelligence
    Property ID
    US28-5762239
    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

    • Lakeshore Learning Store / School Supply Store / Toy Store

    Property Details for 1403 Rand Rd

    Property type
    Community centers
    APN
    02-12-101-052
    APU
    212101052

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,585,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,370,000
      6.5%
      $1,460,000
      7%
      $1,460,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,235,000
      Geo Method
      $1,530,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,315,000
      Retail
      $1,755,000
      Mixed-Use
      $1,800,000
      Hospitality
      $1,760,000
      Educational
      $1,685,000
      Residential Income
      $1,630,000
      Energy
      $1,750,000
      Income-Based Land
      $1,720,000
      Food Service
      $1,820,000

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.0169
    Latitude
    42.1362
    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
    $99,526
    $206,087
    $141,413
    $347,500
    -
    $824,348
    $565,652
    $1,390,000

    Comparable in this City

    • Value Estimation
      $4,870,000
      4.88 Acres

      1200 Dundee Rd

      MINI-MALL • 4.88 Acres
      1200 Dundee Rd, Palatine, IL 60074-8307
      View Details
    • Value Estimation
      $450,000
      3.56 Acres

      715 Dundee Rd

      MINI-MALL • 3.56 Acres
      715 Dundee Rd, Palatine, IL 60074-2819
      View Details
    • Value Estimation by Request
      9.65 Acres

      679 Dundee Rd

      MINI-MALL • 9.65 Acres
      679 Dundee Rd, Palatine, IL 60074-2817
      View Details
    • Value Estimation by Request
      13,300 SF

      740-746 Northwest Hwy

      Lifestyle centers • 13,300 SF
      740-746 Northwest Hwy, Palatine, IL 60074
      View Details
    • Value Estimation
      $2,530,000

      1311 Rand Rd

      MINI-MALL
      1311 Rand Rd, Palatine, IL 60074-2922
      View Details
    • Value Estimation
      $475,000
      2.19 Acres

      1300 Rand Rd

      MINI-MALL • 2.19 Acres
      1300 Rand Rd, Palatine, IL 60074-2918
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,744 SF

      Palatine QSR with Buildable Lot

      Turnkey Restaurant, High Traffic Area, Adjacent Lot
      1158 Dundee Rd, Palatine, IL 60074
      View Details
    • Contact for pricing
      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
      View Details
    • $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
      5,938 SF

      Thornton's Gas Station - Palatine, IL

      High-Yield NNN Ground Lease Investment
      20201 Rand Rd, Palatine, IL 60074
      View Details
    • Contact for pricing
      1,744 SF

      Turnkey Restaurant with Drive-Thru

      1,744 SF restaurant with drive-thru on half-acre lot.
      1158 E Dundee Rd, Palatine, IL 60074
      View Details
    • 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
      View Details

    Similar Nearby for Lease

    • $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
      1,400 SF

      Retail Space Near Jewel-Osco

      Retail space with high visibility near a high-traffic grocery store.
      509-583 E Dundee Rd, Palatine, IL 60074
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Palatine, IL

      Retail space available at a signalized intersection in Palatine.
      201 W Dundee Rd, Palatine, IL 60074
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space Near Jewel-Osco

      Retail space with high visibility near a high-traffic grocery store.
      581 E Dundee Rd, Palatine, IL 60074
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Deer Grove Centre

      Grocery-anchored neighborhood shopping center in Palatine, Illinois.
      605-771 E Dundee Rd, Palatine, IL 60074
      View Details
    • $24 SF/Yr
      1,200 SF

      Retail Storefronts in Palatine Center

      Two retail storefronts available in Palatine shopping center.
      317-351 E Dundee Rd, Palatine, IL 60074
      View Details

    Property Visit Statistics

    • Visits by month
      4.1k
    • Visitors by month
      2.9k
    • Avg Time on site
      24 min
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    1403 Rand Rd
    Palatine, IL 60074-2924
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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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