Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1701 Woodfield Rd Schaumburg, IL 60173

    • Commercial real estate
    • 0.10 lot acres
    For Lease
    View listing
    Value Estimations
    $310,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-1909810
    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

    • Metro Infusion Center / Medical Center / Medical Group
    • Woodfield Endodontics / Endodontist
    • Dr. Dale M. Anderson, DDS / Endodontist
    • Kim & Kim Co,CPA / Accountant
    • Dice Technologies Inc / Software Company

    Property Details for 1701 Woodfield Rd

    Year built
    1992
    Lot size
    0.10 lot acres
    Property type
    Commercial real estate
    APN
    07-13-400-036
    APU
    713400036

    Description

    This exceptional 175,000 square foot, eleven-story office building is located at 1701 East Woodfield Road in Schaumburg, Illinois, within Cook County's Northwest Suburbs. The property offers a variety of office spaces, suitable for traditional, executive, or medical practices, with multiple tenancies available. Units range from a minimum of 560 square feet to a maximum contiguous space of 3,675 square feet, with 21,155 square feet currently vacant. The building features stunning floor-to-ceiling windows offering panoramic views. Amenities include a conference and training facility, a tenant vending lounge, and on-site management and engineering teams. Ample parking is provided with 680 spaces. Its convenient location directly across from Woodfield Mall provides easy access to numerous restaurants, banks, and shops. Excellent visibility and immediate access to Illinois Route 53/I-290 and I-90 expressways make this a highly desirable location for businesses seeking convenient access and high visibility. The property's zip code is 60173.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.0384
    Latitude
    42.0416
    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
    $4,041
    $14,485
    $392
    $14,877
    -
    $57,940
    $1,568
    $59,508

    Comparable in this City

    • Value Estimation by Request

      1000 Plaza Dr

      Land
      1000 Plaza Dr, Schaumburg, IL 60173
      View Details
    • Value Estimation
      $335,000
      0.73 Acres

      1550 Algonquin Rd

      COMMERCIAL (GENERAL) • 0.73 Acres
      1550 Algonquin Rd, Schaumburg, IL 60173
      View Details
    • Value Estimation by Request

      700 Golf Rd

      COMMERCIAL (GENERAL)
      700 Golf Rd, Schaumburg, IL 60173-4512
      View Details
    • Value Estimation
      $345,000
      0.37 Acres

      681 Mall Dr

      COMMERCIAL (GENERAL) • 0.37 Acres
      681 Mall Dr, Schaumburg, IL 60173
      View Details
    • Value Estimation
      $465,000
      5.21 Acres

      1401 Plum Grv Rd

      COMMERCIAL (GENERAL) • 5.21 Acres
      1401 Plum Grv Rd, Schaumburg, IL 60173-4549
      View Details
    • Value Estimation
      $440,000
      1.02 Acres

      1536 Woodfield Rd

      COMMERCIAL (GENERAL) • 1.02 Acres
      1536 Woodfield Rd, Schaumburg, IL 60173
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Schaumburg Land: 7 Acres Available

      Prime Schaumburg location, divisible land for ground lease.
      1000 Plaza Dr, Schaumburg, IL 60173
      View Details
    • $499,000
      5,295 SF

      943 Plum Grove Rd, Schaumburg, IL 60173

      Residential income properties • 5,295 SF
      943 Plum Grove Rd, Schaumburg, IL 60173
      View Details
    • Contact for pricing

      Existing Restaurant Near Woodfield Mall

      22,668 SF restaurant on 4.28 acres, near Woodfield Mall.
      1301 American Ln, Schaumburg, IL 60173
      View Details
    • Contact for pricing

      Restaurant Pad Near Woodfield Mall

      Commercial land available for ground lease near Woodfield Mall.
      608 Woodfield Rd, Schaumburg, IL 60173
      View Details
    • Contact for pricing
      10,590 SF

      Schaumburg Office Building Investment

      10,590 SF Office Building, 80% Occupied
      919 Plum Grove Rd, Schaumburg, IL 60173
      View Details
    • $375,000
      1,550 SF

      Updated Townhome with Modern Finishes

      Move-in ready, updated 2-bedroom townhome with modern kitchen and private balcony.
      802 Stonewall Ct, Schaumburg, IL 60173
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,500 SF

      Schaumburg Retail Space Available

      Prime 1,500 SF Retail Space in Schaumburg, IL
      100 Golf Rd, Schaumburg, IL 60173
      View Details
    • $14 SF/Yr
      14,000 SF

      Schaumburg Office Space Available

      700 SF Office, Prime Location
      2385 Hammond Dr, Schaumburg, IL 60173
      View Details
    • $22 SF/Yr
      186,545 SF

      Schaumburg Office Space: Woodfield I

      Class A Office Building, 11 Suites Available
      1375 Woodfield Rd, Schaumburg, IL 60173
      View Details
    • $53 SF/Yr
      16,219 SF

      AmeriCenter Schaumburg Office Suites

      Modern Schaumburg office space, flexible sizes.
      1320 Tower Rd, Schaumburg, IL 60173
      View Details
    • $25 SF/Yr
      14,018 SF

      Modern Office Space Available

      14,018 SF office space with sleek, modern design.
      1450 American Ln, Schaumburg, IL 60173
      View Details
    • $12 SF/Yr
      9,920 SF

      Schaumburg Flex / Industrial Space

      Flex/light industrial building with visibility and easy access.
      1201 Wiley Rd, 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.
    1701 Woodfield Rd
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.