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

    2000 Randi Dr Aurora, IL 60504-4786

    • Apartment buildings
    • 69,006 SF
    • 3.09 lot acres
    OFF-MARKET
    Value Estimations
    $3,825,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-1484148
    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

    • Alden of Waterford Continuing Care Retirement Community / Rehabilitation Center / Hospice
    • Alden Horizon / Retirement Community

    Property Details for 2000 Randi Dr

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.09 lot acres
    Property size
    69,006 SF
    Property type
    Apartment buildings
    APN
    15-36-202-002
    APU
    1536202002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.2694
    Latitude
    41.7379
    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
    $48,753
    $262,048
    $379,619
    $641,667
    -
    $786,144
    $1,138,857
    $1,925,001

    Comparable in this City

    • Value Estimation
      $870,000
      14,070 SF

      1822 Audra Cir, Unit 70

      APARTMENT HOUSE (5+ UNITS) • 14,070 SF
      1822 Audra Cir, Aurora, IL 60504-4749
      View Details
    • Value Estimation
      $1,705,000
      24,194 SF

      1801 Silver Oaks Cir, Unit 31

      APARTMENT HOUSE (5+ UNITS) • 24,194 SF
      1801 Silver Oaks Cir, Aurora, IL 60504-5521
      View Details
    • Value Estimation
      $590,000
      8,120 SF

      1840 Silver Oaks Cir, Unit 46

      APARTMENT HOUSE (5+ UNITS) • 8,120 SF
      1840 Silver Oaks Cir, Aurora, IL 60504-5547
      View Details
    • Value Estimation
      $40,825,000
      173,303 SF

      2130 Walcott Rd, Unit 89

      APARTMENT HOUSE (5+ UNITS) • 173,303 SF
      2130 Walcott Rd, Aurora, IL 60504-7719
      View Details
    • Value Estimation
      $27,370,000
      244,494 SF

      2010 Fox Pointe Dr, Unit 76

      APARTMENT HOUSE (5+ UNITS) • 244,494 SF
      2010 Fox Pointe Dr, Aurora, IL 60504-4248
      View Details
    • Value Estimation
      $40,825,000
      27,160 SF

      2129 Walcott Rd, Unit 2141

      APARTMENT HOUSE (5+ UNITS) • 27,160 SF
      2129 Walcott Rd, Aurora, IL 60504-7718
      View Details

    Similar Nearby for Sale

    • $1,180,000

      Turn-Key Uvita Hospitality Property

      Centrally located property with furnished cabinas and expansion potential.
      Tropical Jungle Oasis, Aurora, IL 60504
      View Details
    • $649,000

      Dominical Land with Ocean Views

      Land with ocean, sunset, and whale's tail views.
      Lot Costa Verde Ocean Vw, Aurora, IL 60504
      View Details
    • $2,100,000
      4,350 SF

      Aurora Commercial Building For Sale

      Commercial building with four units available for purchase in Aurora.
      3949 75Th St, Aurora, IL 60504
      View Details
    • $449,000
      3.26 Acres

      Medical/Professional Office Near Rush Copley

      Turnkey medical/professional office space next to Rush Copley Hospital.
      1256 Waterford Dr, Aurora, IL 60504
      View Details
    • $475,000

      Renovated Office Condo For Sale

      Well-appointed office condo in Waterford professional complex, ideal for various uses.
      1256 Waterford Dr, Aurora, IL 60504
      View Details
    • $475,000
      2,500 SF

      Renovated Office Condo For Sale

      Recently renovated 2500sf office condo in Aurora, Illinois.
      1256 Waterford Dr, Aurora, IL 60504
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical/Professional Building Near Rush Copley

      Medical/Professional building near Rush Copley Medical Center in Aurora, IL.
      2124 Ogden Ave, Aurora, IL 60504
      View Details
    • Contact for pricing
      38,975 SF

      Retail Space in High-Traffic Area

      Retail property in Naperville/Aurora with superior demographics.
      251 Trade St, Aurora, IL 60504
      View Details
    • Contact for pricing

      Aurora Industrial Facility For Lease

      18,528 SF single-tenant industrial facility in Meridian Business Park.
      510 Exchange Ct, Aurora, IL 60504
      View Details
    • Contact for pricing
      825 SF

      Aurora Office Space Available

      Office space for rent featuring reception and office areas.
      75 Executive Dr, Aurora, IL 60504
      View Details
    • Contact for pricing

      Retail Space in Meadow Lakes

      Retail space available in Aurora's Meadow Lakes Plaza.
      3450 Montgomery Rd, Aurora, IL 60504
      View Details
    • Contact for pricing
      70,000 SF

      Aurora Data Center Space

      70,000 SF data center space for lease.
      4267 Meridian Pkwy, Aurora, IL 60504
      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.
    2000 Randi Dr
    Aurora, IL 60504-4786
    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!