Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    6303 Maxon Rd Harvard, IL 60033

    • Industrial properties
    • 14.49 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-3162477
    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

    • Industrial properties

    Property Details for 6303 Maxon Rd

    Lot size
    14.49 lot acres
    Property type
    Industrial properties
    APN
    01-32-477-014
    APU
    132477014

    Description

    This exceptional 180,500-square-foot industrial property, located at 6303 Maxon Rd, Harvard, IL 60033, presents a unique investment opportunity. The two-story building, formerly a milk processing plant, sits on a substantial 24.7-acre site and offers a versatile layout suitable for various industrial uses, including distribution, manufacturing, and refrigerated/cold storage. The building features a footprint of 115,318 square feet, complemented by approximately 25,000 square feet of space in nine ancillary buildings. The property boasts impressive features such as 12'6"-26' clear ceiling heights, 21 exterior docks, and four truck-height drive-through overhead doors. Extensive on-site parking accommodates approximately 100 trailers in one area and an additional 65 trailers in a separate location, along with parking for 80 cars and 8 motorcycles. The building's construction includes concrete, brick, and metal panels. Significant improvements include 35 food-grade holding tanks, two resin silos, an on-site wastewater treatment plant, three potable water wells, a water tower, and two 4,000-amp electrical services. The property's strategic location borders the Union Pacific Chicago Chemung Rail Spur, is just north of Route 173, and is less than 19 miles from I-90. Floor drains are installed throughout the building. This property is situated in an Opportunity Zone. The former milk processing equipment is available for separate purchase.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Harvard
    County
    Mchenry
    State
    Illinois
    Longitude
    -88.6692
    Latitude
    42.4169
    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
    $15,561
    $91,580
    $163,033
    $254,613
    -
    $274,740
    $489,099
    $763,839

    Comparable in this City

    • Value Estimation
      $275,000
      0.10 Acres

      Frnt St

      INDUSTRIAL (GENERAL) • 0.10 Acres
      Frnt St, Harvard, IL 60033
      View Details
    • Value Estimation
      $275,000
      0.12 Acres

      Frnt St

      INDUSTRIAL (GENERAL) • 0.12 Acres
      Frnt St, Harvard, IL 60033
      View Details
    • Value Estimation
      $285,000
      0.20 Acres

      Ww Park St

      INDUSTRIAL (GENERAL) • 0.20 Acres
      Ww Park St, Harvard, IL 60033
      View Details
    • Value Estimation
      $270,000
      0.26 Acres

      Comanche Cir

      INDUSTRIAL (GENERAL) • 0.26 Acres
      Comanche Cir, Harvard, IL 60033
      View Details
    • Value Estimation
      $280,000
      0.20 Acres

      Ww Park St

      INDUSTRIAL (GENERAL) • 0.20 Acres
      Ww Park St, Harvard, IL 60033
      View Details
    • Value Estimation
      $310,000
      2.72 Acres

      Harvard, IL 60033

      INDUSTRIAL (GENERAL) • 2.72 Acres
      Harvard, IL 60033
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      180,500 SF

      Harvard Industrial Property: 180,500 SF

      Massive industrial building, ideal for distribution, manufacturing, or cold storage.
      6303 Maxon Rd, Harvard, IL 60033
      View Details
    • Contact for pricing
      180,500 SF

      Two-Story Manufacturing Building with Equipment

      180,500 SF manufacturing building on 24.7 acres for sale.
      6303 Maxon Rd, Harvard, IL 60033
      View Details
    • $198,500

      Harvard Mixed-Use Investment Opportunity

      Prime location, established business, high potential.
      400 Division St, Harvard, IL 60033
      View Details
    • $750,000
      11,400 SF

      Harvard Industrial Building - Huge Potential

      Prime location, large lot, expansive space.
      615 Chippewa Rd, Harvard, IL 60033
      View Details
    • $149,900
      10.95 Acres

      Harvard Land Parcel For Sale

      10.95-acre parcel in Harvard, IL, zoned A1.
      Na Mcguire Rd, Harvard, IL 60033
      View Details
    • $199,900
      9,000 SF

      Redevelopment Opportunity on State Highway

      Three-story, 7,800 SF building on 1.24 acres with B3 zoning.
      708 West Brink St, Harvard, IL 60033
      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.
    6303 Maxon Rd
    Harvard, IL 60033
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.