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    Property profile & analytics

    834 Rand Rd Ste, Unit 7 Mount Prospect, IL 60056-2569

    • Office Properties & Spaces
    • 0.30 lot acres
    OFF-MARKET
    Value Estimation
    $110,000
    Last Sale
    Mar 28, 2022
    $118,000
    Location Intelligence
    Property ID
    US28-0233688
    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

    • Office Properties & Spaces

    Property Details for 834 Rand Rd Ste

    Year built
    1985
    Lot size
    0.30 lot acres
    Property type
    Office Properties & Spaces
    APN
    03-35-300-030-1007
    APU
    3353000301007

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mount Prospect
    County
    Cook
    State
    Illinois
    Longitude
    -87.9227
    Latitude
    42.0701
    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
    $5,349
    $4,674
    $15,334
    $20,008
    -
    $18,696
    $61,336
    $80,032

    Comparable in this City

    • Value Estimation by Request
      16,568 SF

      1040 Northwest Hwy

      Office Properties & Spaces • 16,568 SF
      1040 Northwest Hwy, Mount Prospect, IL 60056
      View Details
    • Value Estimation by Request

      1500 Elmhurst Rd

      CONDOMINIUM OFFICES
      1500 Elmhurst Rd, Mount Prospect, IL 60056-1011
      View Details
    • Value Estimation
      $260,000
      0.38 Acres

      832 Rand Rd Ste, Unit 14

      CONDOMINIUM OFFICES • 0.38 Acres
      832 Rand Rd Ste, Mount Prospect, IL 60056-2568
      View Details
    • Value Estimation
      $275,000
      3.20 Acres

      800 Central Rd Ste 104n

      CONDOMINIUM OFFICES • 3.20 Acres
      800 Central Rd Ste 104n, Mount Prospect, IL 60056-2384
      View Details
    • Value Estimation
      $215,000
      0.30 Acres

      834 Rand Rd Ste, Unit 4

      CONDOMINIUM OFFICES • 0.30 Acres
      834 Rand Rd Ste, Mount Prospect, IL 60056-2569
      View Details
    • Value Estimation
      $430,000
      3.20 Acres

      800 Central Rd, Unit 1

      CONDOMINIUM OFFICES • 3.20 Acres
      800 Central Rd, Mount Prospect, IL 60056-2382
      View Details

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    Similar Nearby for Lease

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      Class A Office Suites Available
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      View Details
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    • $25 SF/Yr
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      Office space for rent in a campus-like environment.
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      Renovated Office Space in Prospect

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    834 Rand Rd Ste, Unit 7
    Mount Prospect, IL 60056-2569
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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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