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Property profile & analytics
FOR LEASE
Office buildings
1600 Mcconnor Pkwy, Schaumburg, IL 60173
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-1989642
For Lease
$1,265,000
1600 Mcconnor Pkwy, Schaumburg, IL 60173
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2000
Lot
8.47 ac (368,953 SF)
APN
07-12-400-053
UPID
US28-1989642
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
-
Optum Factory Production Facility
-
OptumRx Financial Advisor Insurance Agency
-
HuddleUp (Conferencing, Co-Working, Collaboration) Hotel & Motel Resort
-
Eurest Dining Catamaran Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.27M
Owner & transaction history
Induspad Braveheart II LLC · 3 yrs held
Induspad Braveheart II LLC
since 2023
Last sale
$1.2M
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
$1,285,000
ML approach
$1,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±10% · vs last sale $1.20M (Jan 26 2023)
Last sale anchor
$1.20M
Jan 26 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
$1,114,500
Tax year 2022
Assessed value
$4,102,843
Assessed 2022
Previous assessed
$7,899,191
-48.1% YoY
Effective rate
27.16%
On assessed value
Assessed land
$1,291,741
Assessed improvement
$2,811,102
Land market value
$5,166,964
Improvement market value
$11,244,408
Total market value
$16,411,372
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
For Lease
Year built
2000
Heating
NONE
Lot
8.47 ac (368,953 SF)
APN
07-12-400-053
UPID
US28-1989642
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
2000
Heating
NONE
Lot
8.47 ac
Current owner
From public records · entity-resolved
Induspad Braveheart II LLC
Entity
Mailing address
46 STAFFORD ST, LAWRENCE, MA 01841-2471
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2023
$1,200,000
Induspad Braveheart II LLC
Bof Il Windy Pointe II LLC
Special Warranty Deed
$4,000,000 · Pine Financial Group INC
Mar 22, 2022
—
Bof Il Windy Pointe II LLC
—
Deed
related
$70,000,000 · Key Bank NA
Dec 22, 2021
—
Bof Il Windy Pointe I LLC
—
Deed
related
$25,943,000 · Bokf NA
Jan 11, 2018
$61,000,000
Bof Il Windy Pointe II LLC
Piedmont-windy Point II LLC
Trustees Deed
$300,000,000 · Keybank USA
Mar 14, 2006
—
Wells Reit Windy Point II LLC
Wells Operating Ptshp
Quit Claim Deed
related
$40,300,000 · Metropolitan Life Insurance
Jan 3, 2002
$275,500
Wells Operating Partnership
Windy Pont Of Schaumburg LLC
Grant Deed
—
—
—
Wells Reit-windy Point II LLC
—
Deed Of Trust
related
$25,000,000 · Metropolitan Life Insurance
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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