Auto
New
For Sale
$1,950,000
1801 W Wise Rd, Schaumburg, IL 60193
The car care center is reported to have no vacancies.
Property Size17,864 SF
Price / SF$109.16
Days on Market3
Property Features for 1801 W Wise Rd
General Information
Standard status
Active
Size
17,864 SF
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Year Built
1986
Listing Agency:
Engel & Voelkers Chicago
Listed By:
Lorenzo Sanchez · License #475148246
(773) 797-9500
Source:
Stollrealestate
Added: Sep 24
Last Checked: Sep 24 at 2:20PM
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 Engel & Voelkers Chicago
Investment Insights
Based on property information with market context.
This auto shop operates as a car care center and was built in 1986. The property is located at 1801 W Wise Rd in Schaumburg, Illinois.
No vacancies are reported.
No vacancies are reported.
Key Highlights
- Car care center with no vacancies reported
- Built in 1986
- Located at 1801 W Wise Rd in Schaumburg, Illinois
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$76,899
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,537,980
$1.5M
Cap Rate 7%
$1,098,557
$1.1M
Cap Rate 9%
$854,433
$854.4K
Market Conditions
NOI Build-Up for 17,864 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$115.8K $6.48/SF
− Vacancy
−$5.9K −$0.33/SF
EGI
$109.9K $6.15/SF
− OpEx
−$33.0K −$1.84/SF
NOI
$76.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,537,980
Cap Rate 7%
$1,098,557
Cap Rate 9%
$854,433
Alternative Uses
Best Use
Retail
$3.54M
$3.10M – $4.13M
NOI $247,955 @ 7.0% cap · market cap 12.72%
Second Best
Industrial
$1.10M
$961.2K – $1.28M
NOI $76,899 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$6.17M
$5.40M – $7.20M
NOI $431,734 @ 7.0% cap · market cap 22.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
54k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 47%
Home Improvements & Furnishings 3%
Culver's
Dining
14,827 visits/mo
0.0 miles
Dollar General
Shops & Services
10,734 visits/mo
0.1 miles
Starbucks
Dining
9,080 visits/mo
0.2 miles
7-Eleven
Shops & Services
7,065 visits/mo
0.1 miles
BP
Shops & Services
5,467 visits/mo
0.2 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- BACS AUTOMOTIVE GROUP — 925 morse ave, schaumburg, il 60193
- Kamphaus Auto Care Hybrid Repair & Emissions — 1005 Irving Park Rd, Hanover Park, IL 60133
- Federico Auto Repair — 861 W Wise Rd, Schaumburg, IL 60193
- Valvoline Instant Oil Change — 1815 W Wise Rd, Schaumburg, IL 60193
- R.N.K. Automotive — 1815 W Wise Rd, Schaumburg, IL 60193
Frequently Asked Questions
What type of property is this?
Auto shop - The car care center is reported to have no vacancies.
Where is this auto shop located?
The property is located at 1801 W Wise Rd Schaumburg, IL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Car care center with no vacancies reported; Built in 1986; Located at 1801 W Wise Rd in Schaumburg, Illinois
