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    Property profile & analytics

    1930 Rand Rd Palatine, IL 60074-1157

    • Grocery and convenience stores
    • 2.17 lot acres
    OFF-MARKET
    Value Estimation
    $1,405,000
    Last Sale
    Sep 29, 2020
    $1,300,000
    Location Intelligence
    Property ID
    US28-1401570
    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

    • Caliber Collision / Auto Dent Removal Service / Auto Painting

    Property Details for 1930 Rand Rd

    Year built
    1999
    Lot size
    2.17 lot acres
    Property type
    Grocery and convenience stores
    APN
    02-02-400-078
    APU
    202400078

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,530,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,220,000
      6.5%
      $1,270,000
      7%
      $1,235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,075,000
      Geo Method
      $1,050,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,075,000
      Retail
      $1,065,000
      Mixed-Use
      $1,220,000
      Hospitality
      $1,335,000
      Educational
      $985,000
      Residential Income
      $1,210,000
      Energy
      $1,265,000
      Income-Based Land
      $1,270,000
      Food Service
      $1,170,000

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.0281
    Latitude
    42.1439
    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
    $136,052
    $354,142
    $120,889
    $475,031
    -
    $1,416,568
    $483,556
    $1,900,124

    Comparable in this City

    • Value Estimation by Request
      4.63 Acres

      2070 Rand Rd

      GROCERY, SUPERMARKET • 4.63 Acres
      2070 Rand Rd, Palatine, IL 60074-2595
      View Details
    • Value Estimation by Request

      Palatine, IL 60074

      GROCERY, SUPERMARKET
      Palatine, IL 60074
      View Details
    • Value Estimation by Request
      6.22 Acres

      423 Dundee Rd

      GROCERY, SUPERMARKET • 6.22 Acres
      423 Dundee Rd, Palatine, IL 60074-2813
      View Details
    • Value Estimation by Request
      3,010 SF

      404 Palatine Rd

      Individual retail properties • 3,010 SF
      404 Palatine Rd, Palatine, IL 60074
      View Details
    • Value Estimation by Request
      0.17 Acres

      636 Enw Hwy

      RETAIL STORES (PERSONAL SERVICES) • 0.17 Acres
      636 Enw Hwy, Palatine, IL 60074-6356
      View Details
    • Value Estimation by Request
      0.17 Acres

      1570 Enw Hwy

      RETAIL STORES (PERSONAL SERVICES) • 0.17 Acres
      1570 Enw Hwy, Palatine, IL 60074-7609
      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
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      Turn-Key Dental Office Space

      Fully equipped dental office in prime location ready for immediate occupancy.
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      Redevelopment opportunity in TIF district with high traffic counts.
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      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
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      1,744 SF

      Palatine QSR with Buildable Lot

      Turnkey Restaurant, High Traffic Area, Adjacent Lot
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      High-Yield NNN Ground Lease Investment
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    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
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    • $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
    • 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
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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
    • Contact for pricing

      Retail Space in Palatine, IL

      2,500 sq ft retail space available for immediate occupancy.
      1296 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
      1.2k
    • Visitors by month
      967
    • Avg Time on site
      21 min
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    1930 Rand Rd
    Palatine, IL 60074-1157
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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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