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

    1020 State Pkwy Schaumburg, IL 60173-4577

    • Industrial properties
    • 2.05 lot acres
    OFF-MARKET
    Last Sale
    Jan 26, 2021
    $1,400,000
    Value Estimations
    $1,320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-5729948
    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

    • Brown R Cartage / Trucking Company
    • Advanced Truck&Trailer Repair / Engine Rebuilding Service / Mechanic
    • Fleet Masters inc / Diesel Engine Repair Service
    • Easy & Quick Trans, INC. / Trucking Company / Logistics Service
    • Durbin Patton Construction Services / Association Or Organization

    Property Details for 1020 State Pkwy

    Year built
    1997
    Lot size
    2.05 lot acres
    Property type
    Industrial properties
    APN
    07-11-400-076
    APU
    711400076

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,240,000
      ML approach
      $1,235,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.0524
    Latitude
    42.0559
    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
    $28,623
    $58,077
    $47,293
    $105,370
    -
    $232,308
    $189,172
    $421,480

    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
      0.43 Acres

      2365 Hammond Dr

      INDUSTRIAL (GENERAL) • 0.43 Acres
      2365 Hammond Dr, Schaumburg, IL 60173-3815
      View Details
    • Value Estimation by Request
      0.40 Acres

      2133 Hammond Dr

      INDUSTRIAL (GENERAL) • 0.40 Acres
      2133 Hammond Dr, Schaumburg, IL 60173-3811
      View Details
    • Value Estimation by Request
      1.19 Acres

      1415 Payne Rd

      INDUSTRIAL (GENERAL) • 1.19 Acres
      1415 Payne Rd, Schaumburg, IL 60173-4513
      View Details
    • Value Estimation
      $790,000
      33,470 SF

      920 Remington Rd

      INDUSTRIAL (GENERAL) • 33,470 SF
      920 Remington Rd, Schaumburg, IL 60173-4516
      View Details
    • Value Estimation by Request
      5.33 Acres

      200 Commerce Dr

      INDUSTRIAL (GENERAL) • 5.33 Acres
      200 Commerce Dr, Schaumburg, IL 60173-5340
      View Details

    Similar Nearby for Sale

    • $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
      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
    • 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
    • $275,000
      960 SF

      Schaumburg Office Condo - Great Location

      Spacious office suite, ideal for various uses.
      800 Woodfield Rd, Schaumburg, IL 60173
      View Details
    • $14,500,000

      Schaumburg Redevelopment Site For Sale

      12.64 acre redevelopment site with income potential in Schaumburg.
      760 E Algonquin Rd, Schaumburg, IL 60173
      View Details
    • Contact for pricing

      Schaumburg Retail Center Investment Opportunity

      Prime Schaumburg location, 22,668 SF, 4.28 acres.
      1301 American Ln, Schaumburg, IL 60173
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • $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
      3,355 SF

      National Parkway Flex/Industrial Space

      Flex/industrial space available for lease near I-90 and Woodfield Mall.
      1030 National Pkwy, Schaumburg, IL 60173
      View Details
    • Contact for pricing
      105,007 SF

      Willow Lake Tech Center: Schaumburg

      Prime Schaumburg Flex Space Available
      444 State Pkwy, Schaumburg, IL 60173
      View Details
    • Contact for pricing
      9,393 SF

      Schaumburg Warehouse with Office Space

      9,393 SF warehouse with office near I-90 interchange.
      1026-1100 National 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.
    1020 State Pkwy
    Schaumburg, IL 60173-4577
    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.