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    Property profile & analytics

    304 Rand Rd Arlington Heights, IL 60004-3182

    • Banks
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    $11,025,000
    Last Sale
    Apr 28, 2025
    $9,896,500
    Location Intelligence
    Property ID
    US28-1321802
    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

    • Douglas Stephen DDS / Dentist
    • North Point Hair Studio / Beauty Salon
    • Kent Shinozaki, DDS; Northpoint Oral Surgery / Oral Surgeon / Dental Implants Provider
    • HearingLife of Arlington Heights IL / Doctor / Audiologist
    • Quality / Fabric Store

    Property Details for 304 Rand Rd

    Year built
    1972
    Lot size
    0.04 lot acres
    Property type
    Banks
    APN
    03-17-301-019
    APU
    317301019

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $11,500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $9,210,000
      6.5%
      $9,385,000
      7%
      $10,330,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $10,145,000
      Geo Method
      $10,040,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $8,985,000
      Retail
      $9,455,000
      Mixed-Use
      $7,870,000
      Hospitality
      $9,555,000
      Educational
      $9,395,000
      Residential Income
      $8,360,000
      Energy
      $8,020,000
      Income-Based Land
      $8,355,000
      Food Service
      $10,175,000

    Location Insight

    • Map
    • Local Demand
    City
    Arlington Heights
    County
    Cook
    State
    Illinois
    Longitude
    -87.9799
    Latitude
    42.1142
    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
    $6,523
    $8,005
    $16,734
    $24,739
    -
    $32,020
    $66,936
    $98,956

    Comparable in this City

    • Value Estimation
      $1,170,000
      0.54 Acres

      1434 Rand Rd

      FINANCIAL BUILDING • 0.54 Acres
      1434 Rand Rd, Arlington Heights, IL 60004-4304
      View Details
    • Value Estimation by Request
      0.42 Acres

      1800 Arlington Hts Rd

      FINANCIAL BUILDING • 0.42 Acres
      1800 Arlington Hts Rd, Arlington Heights, IL 60004-3993
      View Details
    • Value Estimation by Request
      0.36 Acres

      1800 Arlington Hts Rd

      FINANCIAL BUILDING • 0.36 Acres
      1800 Arlington Hts Rd, Arlington Heights, IL 60004-3993
      View Details
    • Value Estimation
      $630,000
      0.89 Acres

      455 Rand Rd

      FINANCIAL BUILDING • 0.89 Acres
      455 Rand Rd, Arlington Heights, IL 60004-3105
      View Details
    • Value Estimation
      $440,000
      1.27 Acres

      2440 Rand Rd

      FINANCIAL BUILDING • 1.27 Acres
      2440 Rand Rd, Arlington Heights, IL 60004-5802
      View Details
    • Value Estimation by Request
      0.90 Acres

      770 Dundee Rd

      FINANCIAL BUILDING • 0.90 Acres
      770 Dundee Rd, Arlington Heights, IL 60004-1562
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,400 SF

      Bank/Office Building on Dundee Road

      Well-maintained bank/office building in a high-traffic retail corridor.
      770 West Dundee Rd, Arlington Hts, IL 60004
      View Details
    • Contact for pricing
      60,638 SF

      Prime Arlington Heights Retail Site

      High-traffic location, redevelopment potential.
      0 Sec Dundee Rd & Arlington Hts Rd, Arlington Heights, IL 60004
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    • $1,399,000
      12,320 SF

      Arlington Heights Retail Building

      12,320 SF Freestanding Building, $1.399M
      1000 Hwy, Arlington Heights, IL 60004
      View Details
    • $2,150,000
      41,161 SF

      Arlington Heights Medical Office Campus

      Three-building medical office complex, high NOI potential.
      3115-3135 Wilke Rd, Arlington Heights, IL 60004
      View Details
    • $7,250,000
      47,700 SF

      Days Inn Arlington Heights Hotel

      121-Unit Hotel, High ROI, Near O'Hare
      1415 Dundee Rd, Arlington Heights, IL 60004
      View Details
    • Contact for pricing
      1,310 SF

      Arlington Heights Medical Office

      6 Units, 1,310-12,712 SF, Sale/Lease
      3125 Wilke Rd, Arlington Heights, IL 60004
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      179,903 SF

      Established Dental Office End Unit

      Dental office end unit in shopping center with ample parking.
      1530 E Hintz Rd, Arlington Hts, IL 60004
      View Details
    • Contact for pricing
      8,400 SF

      Arlington Heights Retail Center

      Prime Retail Space, Multiple Units Available
      0 Cor Of Rand Rd & Palatine Rd, Arlington Heights, IL 60004
      View Details
    • Contact for pricing

      Retail Space Near Train Station

      Remodeled retail space near downtown Arlington Heights train station.
      500-550 W Northwest Hwy, Arlington Hts, IL 60004
      View Details
    • Contact for pricing

      Arlington Heights Retail Space Available

      Retail space near downtown Arlington Heights train station.
      500-550 W Northwest Hwy, Arlington Hts, IL 60004
      View Details
    • Contact for pricing
      1,325 SF

      Arlington Heights Retail Space

      Prime 1,325 SF Retail Space Available
      1021 Dundee Rd, Arlington Heights, IL 60004
      View Details
    • $20 SF/Yr
      9,890 SF

      Greenbriar Plaza Retail Center

      Arlington Heights Retail Space Available
      805-813 Rand Rd, Arlington Heights, IL 60004
      View Details
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    304 Rand Rd
    Arlington Heights, IL 60004-3182
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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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