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Property profile & analytics
OFF-MARKET
Estimated value
$3,825,000
Industrial properties
1201 Remington Rd 7, Schaumburg, IL 60173
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-0401801
Property summary
AI-generated overview
This ±5,679 square foot industrial space is available for lease at 1201 Remington Road in Schaumburg, Illinois. Located within the prestigious Schaumburg Business Park, this well-maintained facility offers excellent access to major transportation arteries, including I-90 and I-290 interchanges, and is in close proximity to O'Hare International Airport. The building, constructed in 1980, features a total of ±51,681 square feet on a ±2.92-acre lot. This single-story warehouse boasts a 16-foot clear ceiling height and ample parking. The available space includes ±1,363 square feet of office space. Loading is facilitated by one dock and one drive-in door. The property's electrical service is 225A, 208/120V, 3-phase. The property is under new ownership and professionally managed. This is a rare opportunity to lease a well-located, functional industrial space in a highly desirable business park. The minimum divisible space is 5,679 square feet, and the maximum contiguous space available is also 5,679 square feet. This space is part of a multi-tenant building.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1973
Lot
2.92 ac (127,195 SF)
APN
07-12-300-023
UPID
US28-0401801
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.83M
Owner & transaction history
Up Remington LLC · 3 yrs held
Up Remington LLC
since 2023
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Schaumburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Schaumburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,755,000
ML approach
$3,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.83M
Range $3.44M – $4.21M · ±10% · vs last sale $3.94M (Apr 27 2023)
Last sale anchor
$3.94M
Apr 27 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$197,180
Tax year 2022
Assessed value
$725,883
Assessed 2022
Previous assessed
$725,883
+0.0% YoY
Effective rate
27.16%
On assessed value
Assessed land
$222,895
Assessed improvement
$502,988
Land market value
$891,580
Improvement market value
$2,011,952
Total market value
$2,903,532
Applied tax rate
35,011.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1973
Heating
NONE
Stories
1
Lot
2.92 ac (127,195 SF)
APN
07-12-300-023
UPID
US28-0401801
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Stories
1
Lot
2.92 ac
Current owner
From public records · entity-resolved
Up Remington LLC
Entity
Free & Clear · 3 yrs held
Mailing address
9301 WILSHIRE BLVD, BEVERLY HILLS, CA 90210-5424
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
—
Up Arlington LLC
—
Deed
related
$22,500,000 · Voya Investment Management LLC
Apr 27, 2023
$3,944,500
Up Remington LLC
Tcg Remington LLC
Special Warranty Deed
—
Apr 24, 2020
$3,577,000
Tcg Remington LLC
1201 Remington Road LLC
Grant Deed
$2,515,500 · Coventry Healthcare/virginia I
Jul 17, 2017
$2,546,500
1201 Remington Road LLC
Schuman Corp
Warranty Deed
$1,778,742 · West Suburban Bk
Jul 17, 2017
—
1201 Remington Road LLC
Schuman Corp
Warranty Deed
$1,778 · West Suburban Bank
Nov 18, 2002
—
Schuman Corp
Lasalle Bank NA Trustee
Grant Deed
$1,720,000 · Mb Financial Bank NA
Jul 16, 2001
$1,770,000
Lasalle Bank NA Trustee
Hung,chung Y
Grant Deed
related
$1,350,000 · First Commercial Bank
—
—
Schuman Corp
—
Deed Of Trust
related
$2,362,500 · Mb Financial Bank NA
—
—
Schuman Corp
—
Deed Of Trust
related
$2,250,000 · Golden Eagle Community Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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