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    Property profile & analytics

    502 Schmale Rd Carol Stream, IL 60188-2419

    • Day care centers
    • 9,630 SF
    • 1.07 lot acres
    OFF-MARKET
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-4789365
    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

    • The Goddard School of Carol Stream (Wheaton) / Daycare Center

    Property Details for 502 Schmale Rd

    Lot size
    1.07 lot acres
    Property size
    9,630 SF
    Property type
    Day care centers
    APN
    05-04-304-080
    APU
    504304080

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $460,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $595,000
      Market price range: $380k - $866k

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $525,000
      Current use
      OFFICE BUILDING
      $635,000
      Change: +21% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $625,000
      Change: +19% Conversion: Difficult
      RETAIL STORES
      $520,000
      Change: -2% Conversion: Difficult
      WAREHOUSE, STORAGE
      $450,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Carol Stream
    County
    Dupage
    State
    Illinois
    Longitude
    -88.109
    Latitude
    41.8907
    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
    2023
    $38,203
    $159,860
    $366,220
    $526,080
    -
    $479,580
    $1,098,660
    $1,578,240

    Comparable in this City

    • Value Estimation
      $510,000
      4,500 SF

      925 Geneva Rd

      DAY CARE, PRE-SCHOOL • 4,500 SF
      925 Geneva Rd, Carol Stream, IL 60188-2809
      View Details
    • Value Estimation by Request
      7,384 SF

      140 Gary Ave

      DAY CARE, PRE-SCHOOL • 7,384 SF
      140 Gary Ave, Carol Stream, IL 60188-2093
      View Details
    • Value Estimation
      $585,000
      14,145 SF

      1280 Kuhn Rd

      DAY CARE, PRE-SCHOOL • 14,145 SF
      1280 Kuhn Rd, Carol Stream, IL 60188-9225
      View Details
    • Value Estimation
      $775,000
      2,358 SF

      24th Saint Charles Rd

      VETERINARY, ANIMAL HOSPITAL • 2,358 SF
      24th Saint Charles Rd, Carol Stream, IL 60188-2623
      View Details
    • Value Estimation
      $780,000
      3,512 SF

      24th Saint Charles Rd

      VETERINARY, ANIMAL HOSPITAL • 3,512 SF
      24th Saint Charles Rd, Carol Stream, IL 60188-2623
      View Details
    • Value Estimation by Request
      6,525 SF

      565 Randy Rd

      FUNERAL HOME • 6,525 SF
      565 Randy Rd, Carol Stream, IL 60188-2121
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,195 SF

      Cadence Academy NNN Asset

      NNN asset with 9 years remaining and annual rent escalations.
      1280 Kuhn Rd, Carol Stream, IL 60188
      View Details
    • New
      $899,000
      0.64 Acres

      Carol Stream Commercial Investment Property

      Triple net lease property with corporate tenant and stable income.
      26w321 Saint Charles Rd, Carol Stream, IL 60188
      View Details
    • $2,199,000
      0.99 Acres

      Versatile Commercial Property in Carol Stream

      High-visibility commercial property with flexible layout and ample parking.
      415 N Gary Ave, Carol Stream, IL 60188
      View Details
    • $999,000
      0.57 Acres

      Commercial Property with Corporate Tenant

      Triple net lease property with a large corporate tenant.
      26w287 Saint Charles Rd, Carol Stream, IL 60188
      View Details
    • Contact for pricing
      439,421 SF

      439,421 SF Available Building

      Available building with office, warehouse, dock doors, and parking.
      250 S Gary Ave, Carol Stream, IL 60188
      View Details
    • $849,900
      5.16 Acres

      Prime Carol Stream Commercial Land

      5.16 Acres, High Traffic Area
      0 Gary Ave & Lies Rd, Carol Stream, IL 60188
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      52,000 SF

      Geneva Plaza Retail Center

      DuPage County Retail Space Available
      875-901 Geneva Rd, Carol Stream, IL 60188
      View Details
    • Contact for pricing
      50,050 SF

      Prime Carol Stream Warehouse Space

      50,050 SF Warehouse - 17,212 SF Available
      0 305–307 Ave, Carol Stream, IL 60188
      View Details
    • Contact for pricing
      10,000 SF

      Industrial Units in Carol Stream

      Flexible industrial units with dock and drive-in door access.
      376 Gundersen Dr, Carol Stream, IL 60188
      View Details
    • Contact for pricing
      17,212 SF

      Carol Stream Warehouse Space Available

      High-image industrial facility with full A/C and easy access.
      305 E North Ave, Carol Stream, IL 60188
      View Details
    • $13 SF/Yr
      16,000 SF

      Industrial Units for Lease

      Incubator industrial units for lease, convenient location.
      200 Easy St, Carol Stream, IL 60188
      View Details
    • Contact for pricing
      95,320 SF

      Carol Stream Warehouse Space Available

      95,320 SF warehouse with easy access to major routes.
      725 Center Ave, Carol Stream, IL 60188
      View Details
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    502 Schmale Rd
    Carol Stream, IL 60188-2419
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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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