Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2121-2125 Hammond Dr Schaumburg, IL 60173

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2121-2125 Hammond Dr Schaumburg, IL 60173

    View on Map
    • Warehouses
    • 20,000 SF
    • 1.07 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2121-2125 Hammond Dr

    Year built
    1978
    Lot size
    1.07 lot acres
    Property size
    20,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 20,000-square-foot warehouse, situated on a 1.07-acre lot in Schaumburg, Illinois, presents a compelling investment opportunity. Located at 2121-2125 Hammond Drive, 60173, this industrial property boasts a strategic location with convenient access to major highways, including I-90, I-290, I-355, and Route 53, placing it less than 15 minutes from O'Hare International Airport. Built in 1978 and zoned M1, the warehouse features a 14-foot ceiling height, one loading dock, and six dock-high doors, facilitating efficient loading and unloading. The building offers drive-thru capabilities and the potential for division into multiple units (10,000, 5,000, and 5,000 square feet), providing flexibility for various business needs. Separate meters are in place for utility management. Currently, a three-year lease is in effect. The property also includes approximately 2,500 square feet of office space. The asking price is $1,750,000, translating to $87.50 per square foot. This property offers a rare combination of size, location, and functionality, making it an ideal investment for discerning buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.0602
    Latitude
    42.0672

    Comparable in this City

    • Value Estimation by Request
      105,007 SF

      444 State Pkwy

      Distribution properties • 105,007 SF
      444 State Pkwy, Schaumburg, IL 60173
      View Details
    • Value Estimation by Request
      0.66 Acres

      840 Remington Rd

      INDUSTRIAL (GENERAL) • 0.66 Acres
      840 Remington Rd, Schaumburg, IL 60173-4523
      View Details
    • Value Estimation by Request
      6.73 Acres

      400 State Pkwy, Unit 444

      INDUSTRIAL (GENERAL) • 6.73 Acres
      400 State Pkwy, Schaumburg, IL 60173-5623
      View Details
    • Value Estimation by Request
      0.77 Acres

      905 American Ln

      INDUSTRIAL (GENERAL) • 0.77 Acres
      905 American Ln, Schaumburg, IL 60173
      View Details
    • Value Estimation by Request
      2.32 Acres

      1100 Remington Rd

      INDUSTRIAL (GENERAL) • 2.32 Acres
      1100 Remington Rd, Schaumburg, IL 60173-4810
      View Details
    • Value Estimation by Request
      11.90 Acres

      333 State Pkwy

      INDUSTRIAL (GENERAL) • 11.90 Acres
      333 State Pkwy, Schaumburg, IL 60173-5337
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      42,564 SF

      Schaumburg Warehouse/Flex Space Sublease

      3,136 SF fully furnished warehouse/flex space available for sublease.
      1300 Remington Rd, Schaumburg, IL 60173
      View Details
    • Contact for pricing
      34,980 SF

      Schaumburg Industrial Facility with Expansion Potential

      34,980 SF industrial building on 6.75 acres for sale.
      1700 N Penny Ln, Schaumburg, IL 60173
      View Details
    • Contact for pricing
      29,120 SF

      Schaumburg Warehouse with I-90 Access

      29,120 SF warehouse with immediate I-90 access.
      1670 Basswood Rd, Schaumburg, IL 60173
      View Details
    • $1,750,000
      20,000 SF

      Schaumburg Industrial Building For Sale

      20,000 SF industrial building with drive-thru capabilities.
      2121-2125 Hammond Dr, Schaumburg, IL 60173
      View Details
    • Contact for pricing
      76,282 SF

      Schaumburg Industrial Space For Lease

      76,282 SF industrial space with cranes and ample parking.
      415 State Pkwy, Schaumburg, IL 60173
      View Details
    • Contact for pricing
      18,090 SF

      Schaumburg Industrial Property For Sale

      18,090 SqFt industrial property available in Schaumburg, Illinois.
      1651 Wilkening Rd, Schaumburg, IL 60173
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      26,121 SF

      Woodfield Lake Business Campus

      Schaumburg IL Office/Warehouse
      895 American Ln, Schaumburg, IL 60173
      View Details
    • Contact for pricing

      Office-Warehouse Condo with Drive-In Door

      HVAC office-warehouse condo with one drive-in door for rent.
      2385 Hammond Dr, Schaumburg, IL 60173
      View Details
    • $12 SF/Yr
      25,533 SF

      Schaumburg Flex Space For Lease

      Flex space with office and warehouse, near Woodfield Mall.
      895 American Ln, Schaumburg, IL 60173
      View Details
    • Contact for pricing

      Schaumburg Commercial Space with Warehouse

      One-story office with warehouse, convenient location, and ample parking.
      1232 Remington Rd, Schaumburg, IL 60173
      View Details
    • Contact for pricing
      44,451 SF

      Schaumburg Warehouse Space Available

      Well-maintained warehouse with quick I-90 access, ideal for storage.
      1751 Wilkening Ct, Schaumburg, IL 60173
      View Details
    • Contact for pricing

      Schaumburg Office/Flex Building For Rent

      Two-story, 105,007 SF office/flex building available for lease.
      444 E State Pkwy, Schaumburg, IL 60173
      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.
    2121-2125 Hammond Dr
    Schaumburg, IL 60173
    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.
    Sign Up Successful!
    You now have access to more from Realmo!