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Property profile & analytics
OFF-MARKET
Office buildings
1400 American Ln, Schaumburg, IL 60173-5670
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-1177245
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1989
Total area
437,388 SF
Lot
8.73 ac (380,279 SF)
APN
07-13-103-012
UPID
US28-1177245
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
Current use
Occupant on record · Public records
-
Paylocity Accounting Firm
-
Steadfast Insurance Co Insurance Agency
-
Network Distribution Distribution Center Logistics Company
-
Zurich American Insurance Company Insurance Agency
-
Lavallie Kathleen Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Village Of Schamburg · 1 yrs held
Village Of Schamburg
since 2024
Last sale
$111,143
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$2,202,846
Tax year 2022
Assessed value
$8,109,402
Assessed 2022
Previous assessed
$7,150,778
+13.4% YoY
Effective rate
27.16%
On assessed value
Assessed land
$1,214,811
Assessed improvement
$6,894,591
Land market value
$4,859,244
Improvement market value
$27,578,364
Total market value
$32,437,608
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1989
Heating
NONE
Stories
20
Total area
437,388 SF
Lot
8.73 ac (380,279 SF)
APN
07-13-103-012
UPID
US28-1177245
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
1989
Heating
NONE
Stories
20
Lot
8.73 ac
Current owner
From public records · entity-resolved
Village Of Schamburg
Individual
Mailing address
2919 S CTR PRT CIR, POMPANO BEACH, FL 33064-2105
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2024
$111,143
Village Of Schamburg
Sghaumburg Towers Offige Complex Ll
Warranty Deed
—
Mar 26, 2024
$74,000,000
Schaumburg Towers Office Complex Ll
Pfp 5 Schaumburg LLC
Special Warranty Deed
$100,000 · Alfred Teo
Mar 12, 2024
—
Pfp 5 Schaumburg LLC
Landmark Schaumburg Towers LP
Foreclosure
related
—
Jun 6, 2018
$86,800,000
Landmark Schaumburg Towers LP
Rpai Schaumburg American Lane
Trustees Deed
$95,500,000 · Pfp Holding Co V LLC
Dec 1, 2004
$92,000,000
Wstn Schaumburg America Inland
Zurich Towers INC
Grant Deed
—
Dec 29, 1998
$11,467,001
Zurich Towers INC
Zurich Insurance Co
Grant Deed
related
—
—
—
Zurich Insurance Co
—
Deed Of Trust
related
$121,894 · Kemper Investors Life Ins
—
—
Wstn Schaumburg America Inland
—
Deed Of Trust
related
$81,420,000 · Bear Stearns Commercial Mtg
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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