Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

385 Airport Rd Elgin, IL 60123

FOR LEASE
Other office properties
Property ID
US28-5683204
32,600 SF Built 1988
Last sale Jun 2020 · $1,050,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a fully renovated office facility within an office building, configured to include available office space of 2,000 square feet. The facility has undergone building envelope and mechanical upgrades, including a roof replacement, HVAC system upgrades, and new exterior windows. The office space is arranged in flexible suite sizes and layouts and can be provided as furnished suites. The building is positioned with expressway frontage, providing visibility and convenient expressway access. On-site property management is provided under the current ownership.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$53k
Tax billed · 2022
Assessed value$623k
Assessed land$135k
Assessed improvement$487k
Effective rate8.45%

Value estimate

· Oct 2026
$1.07M
$963k – $1.18M
AI approach$1.39M
Submarket $/SF estimate$1.73M

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$141/SF
ZIP average, outlier-cleaned · 124 recorded sales of this use type
Observed band · Q1–Q3$83 – $382
Qualifying comparables15

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionKANE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office14.5
Realty agency14.5
Restaurant13.6

Location

385 Airport Rd Elgin, IL 60123
County assessor Recorded deeds · 8 transfers 15 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1814 Grandstand, Elgin, IL 60123-4981 $600,000 Dec 2023 10,550 SF
2295 Vly Crk, Elgin, IL 60123-2694 $1,450,000 Jan 2023 25,068 SF
450 Shepard, Elgin, IL 60123-7033 $450,000 Oct 2022 15,252 SF
707 Davis, Elgin, IL 60123-1307 $900,000 May 2022 10,400 SF
1600 Randall, Elgin, IL 60123-7803 $13,300,000 Nov 2021 99,903 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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