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    Property profile & analytics

    421 Wise Rd Schaumburg, IL 60193-4003

    • Gas stations
    • 652 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Aug 23, 2021
    $1,129,000
    Value Estimations
    $1,270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-1635975
    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

    • Ultimate HVAC Repair-Service Inc / Air Conditioning Repair Service / Furnace Repair Service
    • ATM (Speedway) / Atm
    • Just Digital Coin Bitcoin ATM - Schaumburg / Atm / Crypto Atm
    • BMO Harris ATM / Atm

    Property Details for 421 Wise Rd

    Year built
    1997
    Lot size
    1.00 lot acres
    Property size
    652 SF
    Property type
    Gas stations
    APN
    07-33-204-017
    APU
    733204017

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,290,000
      ML approach
      $1,275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $832,000
      Market price range: $240k - $832k

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

    Location Insight

    • Map
    • Local Demand
    City
    Schaumburg
    County
    Cook
    State
    Illinois
    Longitude
    -88.0911
    Latitude
    42.0045
    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
    $135,425
    $130,800
    $367,743
    $498,543
    -
    $523,200
    $1,470,972
    $1,994,172

    Comparable in this City

    • Value Estimation
      $5,845,000
      0.95 Acres

      1833 Wise Rd

      GAS STATION • 0.95 Acres
      1833 Wise Rd, Schaumburg, IL 60193-3552
      View Details
    • Value Estimation
      $425,000
      0.51 Acres

      575 Roselle Rd

      GAS STATION • 0.51 Acres
      575 Roselle Rd, Schaumburg, IL 60193-2925
      View Details
    • Value Estimation
      $410,000
      0.51 Acres

      1600 Wise Rd

      GAS STATION • 0.51 Acres
      1600 Wise Rd, Schaumburg, IL 60193-3523
      View Details
    • Value Estimation
      $4,405,000

      601 Roselle Rd

      GAS STATION
      601 Roselle Rd, Schaumburg, IL 60193-3122
      View Details
    • Value Estimation
      $310,000
      0.52 Acres

      899 Wise Rd

      AUTO REPAIR, GARAGE • 0.52 Acres
      899 Wise Rd, Schaumburg, IL 60193-3819
      View Details
    • Value Estimation
      $185,000
      0.15 Acres

      1515 Grant St

      RESIDENTIAL PARKING GARAGE • 0.15 Acres
      1515 Grant St, Schaumburg, IL 60193-4666
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Industrial Building with Showroom, Repair

      Industrial building with showroom, repair shop, and parking.
      1212 Mitchell Blvd, Schaumburg, IL 60193
      View Details
    • $1,290,000
      Pending

      Schaumburg Industrial Building with Parking

      Versatile industrial building with warehouse, office, and parking.
      515 Lunt Ave, Schaumburg, IL 60193
      View Details
    • $1,999,000
      69,277.00 Acres

      Schaumburg Commercial Property For Sale

      Established car care center with retail potential in Schaumburg, IL.
      1801 W Wise Rd, Schaumburg, IL 60193
      View Details
    • Contact for pricing
      29,621 SF

      Schaumburg Retail Center For Sale

      Multi-tenant retail center on 3.36 acres in Schaumburg, Illinois.
      506-604 W Wise Rd, Schaumburg, IL 60193
      View Details
    • $2,200,000
      8,184 SF

      Schaumburg Retail Investment Opportunity

      Prime 8,184 SF Vacant Bank Building
      275 Roselle Rd, Schaumburg, IL 60193
      View Details
    • $3,083,000

      Schaumburg Retail Property For Sale

      Retail property available for purchase in Schaumburg, Illinois.
      390 N Barrington Rd, Schaumburg, IL 60193
      View Details

    Similar Nearby for Lease

    • $495 /Mo
      30 SF

      Schaumburg Trailer Parking Available

      30-acre trailer parking lot with 635 spots for lease.
      1001 West Irving Park Rd, Schaumburg, IL 60193
      View Details
    • $13 SF/Yr
      12,500 SF

      Schaumburg Warehouse/Industrial Space For Lease

      Industrial/Warehouse space with floor drain, near Elgin-O’Hare Expressway.
      1025 Lunt Ave, Schaumburg, IL 60193
      View Details
    • Contact for pricing
      292,288 SF

      Commercial Property in Schaumburg, IL

      Prime commercial property for lease in Schaumburg, Illinois.
      528 S Roselle Rd, Schaumburg, IL 60193
      View Details
    • Contact for pricing
      1,681 SF

      Retail Space in Schaumburg, IL

      Retail space with high traffic and dense population.
      140-180 S Roselle Rd, Schaumburg, IL 60193
      View Details
    • Contact for pricing
      19,779 SF

      Prairie Towne Center Retail Space

      High-traffic retail center, 8 spaces available.
      171 Barrington Rd, Streamwood, IL 60193
      View Details
    • $16 SF/Yr
      2,553 SF

      Retail Space with Ample Parking

      Retail space featuring an open layout and rear offices.
      520-584 S Roselle Rd, Schaumburg, IL 60193
      View Details

    Property Visit Statistics

    • Visits by month
      3.6k
    • Visitors by month
      2.7k
    • Avg Time on site
      7 min
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    421 Wise Rd
    Schaumburg, IL 60193-4003
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    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
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