End-Cap Flex
For Sale
$1,050,000
620 Estes Avenue, Schaumburg, IL 60193
Air-conditioned commercial unit with dock and drive-in loading access.
Property Size10,193 SF
Days on Market32
Property Features for 620 Estes Avenue
General Information
Standard status
Active
Size
10,193 SF
Property subtype
Industrial
Building Details
Building Size
10,193 SF
Year Built
1999
Listing Agency:
Brown Commercial Group
Listed By:
Pat Crowley
(847) 758-9200
Source:
Browncommercialgroup
Added: Sep 4
Changed: Oct 4
Last Checked: Oct 5 at 3:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brown Commercial Group
Investment Insights
Based on property information with market context.
This end-position flex condominium was built in 1999 and combines industrial functionality with fully air-conditioned interior space. The property includes both dock loading and a drive-in door, supporting a range of commercial operations that require convenient goods movement and climate-controlled workspace.
Key Highlights
- End‑cap flex condominium
- Built in 1999
- 100% air‑conditioned interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,877
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,540
$877.5K
Cap Rate 7%
$626,814
$626.8K
Cap Rate 9%
$487,522
$487.5K
Market Conditions
NOI Build-Up for 10,193 SF
Gross rent
$66.1K $6.48/SF
− Vacancy
−$3.4K −$0.33/SF
EGI
$62.7K $6.15/SF
− OpEx
−$18.8K −$1.84/SF
NOI
$43.9K $4.30/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,540
Cap Rate 7%
$626,814
Cap Rate 9%
$487,522
Alternative Uses
Best Use
Flex RnD
$1.53M
$1.34M – $1.79M
NOI $107,332 @ 7.0% cap · market cap 10.22%
Second Best
Industrial
$626.8K
$548.5K – $731.3K
NOI $43,877 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$3.52M
$3.08M – $4.11M
NOI $246,342 @ 7.0% cap · market cap 23.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
808
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60193, IL
40,805
Population
16,478
Households
2.5
Avg Household Size
42
Median Age
44%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
4,637
Density / Sq Mi
$92,284
Median Household Income
$57,707
Median Earnings
$1,699
Median Rent
$317,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Toasty Cheese Food Trucks — FOOD TRUCK ONLY RESTAURANT CLOSED, 951 W Wise Rd, Schaumburg, IL 60193
- Relish Catering Kitchen — 19 W Wise Rd, Schaumburg, IL 60193
Frequently Asked Questions
What type of property is this?
Flex space - Air-conditioned commercial unit with dock and drive-in loading access.
Where is this flex space located?
The property is located at 620 Estes Avenue Schaumburg, IL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: End‑cap flex condominium; Built in 1999; 100% air‑conditioned interior
