Office Condo with Conference
For Sale
$230,000
800 E Woodfield Rd Unit 117, Schaumburg, IL 60173
Configured with reception, two private offices, a conference room, and kitchenette.
Property Size960 SF
Price / SF$239.58
Days on Market67
Property Features for 800 E Woodfield Rd Unit 117
General Information
Standard status
Active
Size
960 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
2006
Listing Agency:
Coldwell Banker Realty
Listed By:
Lisa Perry · License #475126007
(773) 818-1888
Source:
Liveliferealty
Added: Aug 9
Changed: Oct 8
Last Checked: Oct 7 at 4:26PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 960-square-foot office condominium at Courtyards of Woodfield was built in 2006. The suite includes a waiting and reception area, two private offices with large windows, and a conference room that can also serve as an additional office. A kitchenette is included within the suite.
The property is located at 800 E Woodfield Rd Unit 117 in Schaumburg, Illinois. Woodfield Mall is nearby, with access to I-90 and I-290 expressways also noted in the property information.
The property is located at 800 E Woodfield Rd Unit 117 in Schaumburg, Illinois. Woodfield Mall is nearby, with access to I-90 and I-290 expressways also noted in the property information.
Key Highlights
- 960 SF office condominium at Courtyards of Woodfield
- Waiting and reception area included
- Two private offices with large windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,237
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,740
$264.7K
Cap Rate 7%
$189,100
$189.1K
Cap Rate 9%
$147,078
$147.1K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$23.5K $24.48/SF
− Vacancy
−$5.9K −$6.10/SF
EGI
$17.6K $18.38/SF
− OpEx
−$4.4K −$4.60/SF
NOI
$13.2K $13.79/SF
Area
Cook County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,740
Cap Rate 7%
$189,100
Cap Rate 9%
$147,078
Alternative Uses
Best Use
Office B
$189.1K
$165.5K – $220.6K
NOI $13,237 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$331.4K
$290.0K – $386.7K
NOI $23,201 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,304
Businesses Nearby
Explore this area
Business Placement
Demographics for 60173, IL
13,764
Population
6,901
Households
2
Avg Household Size
35
Median Age
67%
College-Educated
97%
High-School Grad
6.4 sq mi
ZIP Area
2,151
Density / Sq Mi
$99,975
Median Household Income
$68,305
Median Earnings
$1,786
Median Rent
$311,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Configured with reception, two private offices, a conference room, and kitchenette.
Where is this office units located?
The property is located at 800 E Woodfield Rd Unit 117 Schaumburg, IL.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 960 SF office condominium at Courtyards of Woodfield; Waiting and reception area included; Two private offices with large windows
