Sign Up Successful!
You now have access to more from Realmo!
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

    1660 Dearborn Ave Aurora, IL 60505-3171

    • Industrial properties
    • 4,470 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimations
    $210,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-5540644
    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

    • Fernando's Autobody Works / Auto Body Shop
    • North Shore PDR / Auto Body Shop

    Property Details for 1660 Dearborn Ave

    Year built
    1952
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.36 lot acres
    Property size
    4,470 SF
    Property type
    Industrial properties
    APN
    15-24-126-003
    APU
    1524126003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $176,000
      Market price range: $176k - $427k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $285,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.274
    Latitude
    41.7676
    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
    $1,622
    $9,148
    $17,814
    $26,962
    -
    $27,444
    $53,442
    $80,886

    Comparable in this City

    • Value Estimation
      $235,000
      0.34 Acres

      Pln Ave

      INDUSTRIAL (GENERAL) • 0.34 Acres
      Pln Ave, Aurora, IL 60505
      View Details
    • Value Estimation
      $225,000
      0.60 Acres

      1055 Rural St

      INDUSTRIAL (GENERAL) • 0.60 Acres
      1055 Rural St, Aurora, IL 60505-2509
      View Details
    • Value Estimation
      $230,000
      0.26 Acres

      1055 Rural St

      INDUSTRIAL (GENERAL) • 0.26 Acres
      1055 Rural St, Aurora, IL 60505-2509
      View Details
    • Value Estimation
      $240,000
      0.51 Acres

      126 Water St

      INDUSTRIAL (GENERAL) • 0.51 Acres
      126 Water St, Aurora, IL 60505
      View Details
    • Value Estimation
      $240,000
      8.42 Acres

      Aurora, IL 60505

      INDUSTRIAL (GENERAL) • 8.42 Acres
      Aurora, IL 60505
      View Details
    • Value Estimation
      $375,000
      11,280 SF

      336 Sullivan Rd

      INDUSTRIAL (GENERAL) • 11,280 SF
      336 Sullivan Rd, Aurora, IL 60505-9740
      View Details

    Similar Nearby for Sale

    • $999,000
      3.26 Acres

      Aurora Commercial Land Opportunity

      3.26-acre prime commercial lot, ideal for development.
      0 Nwc Reckinger And Farnsworth Ave, Aurora, IL 60505
      View Details
    • Contact for pricing
      14.30 Acres

      Aurora Industrial Land - 14.3 Acres

      Prime Aurora industrial land, I-88 access.
      0 Mitchell Rd & Corporate Blvd, Aurora, IL 60505
      View Details
    • $320,000

      Commercial Lot in High-Traffic Area

      Commercial lot zoned for retail/office with high visibility.
      407 Hill Ave, Aurora, IL 60505
      View Details
    • $79,000
      0.18 Acres

      Commercial Corner Lot in Aurora

      Prime commercial land in a high-traffic Aurora location.
      N Farnsworth Ave, Aurora, IL 60505
      View Details
    • $44,000
      0.24 Acres

      Residential Lot in Aurora, IL

      Vacant residential lot ready for a dream home in Aurora.
      773 Aurora Avenue Ln, Aurora, IL 60505
      View Details
    • $472,000
      0.35 Acres

      Mixed-Use Property in Aurora, IL

      Mixed-use property featuring business spaces and apartments in Aurora, IL.
      818 E New York St, Aurora, IL 60505
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      37,400 SF

      Renovated Warehouse Near I-88 Access

      Recently renovated warehouse with immediate I-88 access in Aurora, IL.
      Diehl Rd, Aurora, IL 60505
      View Details
    • Contact for pricing
      3,300 SF

      Versatile Retail Space in Aurora

      3,300 SF retail space with open floor plan.
      3 N Smith St, Aurora, IL 60505
      View Details
    • $1,850 /Mo
      1,786 SF

      Aurora Office Space For Rent

      Second floor office space with private entrance and ample light.
      76-84 S Broadway, Aurora, IL 60505
      View Details
    • $17 SF/Yr
      57,000 SF

      Farnsworth Office Center: Aurora, IL

      Class A Office Space for Lease in Aurora
      1444 Farnsworth Ave, Aurora, IL 60505
      View Details
    • New
      Contact for pricing

      Aurora Retail/Office Space Available

      Vacant storefront suitable for retail, daycare, office, or studio.
      1054 S 5Th St, Aurora, IL 60505
      View Details
    • Contact for pricing

      Aurora Office/Retail Space Available

      Office/retail space for lease with great visibility.
      30 N Broadway, Aurora, IL 60505
      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.
    1660 Dearborn Ave
    Aurora, IL 60505-3171
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.