Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3050 Kennicott Ave Arlington Heights, IL 60004-1959
    Back to Search
    Property profile & analytics

    3050 Kennicott Ave, Arlington Heights, IL 60004-1959

    View on Map
    • Industrial properties
    • 0.30 lot acres
    Off-Market
    Property ID
    US28-2676656
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 3050 Kennicott Ave

    Year built
    1997
    Lot size
    0.30 lot acres
    Property type
    Industrial properties
    APN
    03-07-100-017
    APU
    307100017

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 6, 2019 — Matrix Properties LLC — Deed · related $383k · Small Busn Growth
    Nov 14, 2019 $925,000 Matrix Properties LLC Tonaquint INC Special Warranty Deed $925k · Jpmorgan Chase Bank NA
    Jan 7, 2010 $1,050,000 Tonaquint INC Kennicott-university Corp Warranty Deed —
    — — Kennicott-university Corp — Deed Of Trust · related $2M · West Suburban Bank
    — — Matrix Properties LLC — Deed Of Trust · related $383k · Small Busn Growth
    — — Tonaquint INC — Deed Of Trust · related $800k · Uni Core Holdings Corp
    — — Tonaquint INC — Deed Of Trust · related $600k · Bonanza Goldfields Corp

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington Heights
    County
    Cook
    State
    Illinois
    Longitude
    -87.995
    Latitude
    42.1321
    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
    $27,880
    $23,100
    $70,244
    $93,344
    -
    $92,400
    $280,976
    $373,376

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      714 Kensington Rd

      INDUSTRIAL (GENERAL)
      714 Kensington Rd, Arlington Heights, IL 60004-6201
      View Details
    • Value Estimation by Request
      3.73 Acres

      3331 Rdg Ave, Unit 116

      CONDOMINIUMS (INDUSTRIAL)
      3331 Rdg Ave, Arlington Heights, IL 60004-1411
      View Details
    • Value Estimation by Request
      4.09 Acres

      2300 Arlington Hts Rd

      INDUSTRIAL (GENERAL)
      2300 Arlington Hts Rd, Arlington Heights, IL 60004
      View Details
    • Value Estimation by Request

      1455 Cellular Dr

      INDUSTRIAL (GENERAL)
      1455 Cellular Dr, Arlington Heights, IL 60004-1215
      View Details
    • Value Estimation by Request

      3323 Kennicott Ave

      Distribution properties
      3323 Kennicott Ave, Arlington Heights, IL 60004
      View Details
    • Value Estimation
      $18,440,000

      1400 Dundee Rd

      INDUSTRIAL (GENERAL)
      1400 Dundee Rd, Arlington Heights, IL 60004-1449
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      99,365 SF

      Air Conditioned Warehouse/Distribution Space

      99,365 SF building with highway access in Arlington Heights, IL.
      3311-3333 N Kennicott Ave, Arlington Heights, IL 60004
      View Details
    • $999,000
      1.85 Acres

      Commercially Zoned Land with Income

      1.85 acres with residence, warehouse, and income-producing cell tower.
      3613 N Old Buffalo Grove Rd, Arlington Heights, IL 60004
      View Details
    • $299,900
      0.20 Acres

      Arlington Heights Land Opportunity

      Vacant lot in a prime location to build your dream home.
      1309 E Brookwood Dr, Arlington Heights, IL 60004
      View Details
    • Contact for pricing

      Arlington Heights Commercial Land Opportunity

      Commercial land in Hickory/Kensington TIF District, Arlington Heights, IL.
      8 S Beverly Ln, Arlington Heights, IL 60004
      View Details
    • Contact for pricing
      12,320 SF

      Arlington Heights Freestanding Commercial Building

      Freestanding 12,320 SF building with open floor plan.
      1000 W Northwest Hwy, Arlington Heights, IL 60004
      View Details
    • $350,000
      0.39 Acres

      Arlington Heights Commercial Opportunity

      Commercial property for sale in Arlington Heights, Illinois.
      3323 N Ridge Ave, Arlington Heights, IL 60004
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,724 SF

      Arlington Heights Flex / R&D Space

      Single-story flex / R&D space suitable for lab, showroom, food production.
      3930 Ventura Dr, Arlington Heights, IL 60004
      View Details
    • Contact for pricing
      4,364 SF

      Corner Flex Space For Rent

      Highly visible flex space near Metra station and downtown.
      400 W Northwest Hwy, Arlington Heights, IL 60004
      View Details
    • Contact for pricing
      42,410 SF

      Retail Space in Arlington Heights

      Retail spaces available in a high-traffic commercial center.
      922-960 W Dundee Rd, Arlington Heights, IL 60004
      View Details
    • Contact for pricing
      2,617 SF

      Arlington Heights Office Space Available

      2,617 square feet of office space for lease.
      3265 N Arlington Heights Rd, Arlington Heights, IL 60004
      View Details
    • Contact for pricing

      Arlington Heights Commercial Space

      Commercial space available for rent in Arlington Heights, Illinois.
      500-550 W Northwest Hwy, Arlington Heights, IL 60004
      View Details
    • Contact for pricing
      1,800 SF

      Arlington Heights Office Space Available

      Office space available for lease in Arlington Heights, Illinois.
      3424-3426 N Old Arlington Heights Rd, Arlington Heights, IL 60004
      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.
    3050 Kennicott Ave
    Arlington Heights, IL 60004-1959
    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

    Thank You for Inquiry
    3050 Kennicott Ave, Arlington Heights, IL, 60004
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!