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Property profile & analytics
OFF-MARKET
Estimated value
$6,215,000
Motels
51 State Pkwy, Schaumburg, IL 60173-5336
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-1468677
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1997
Lot
2.75 ac (119,790 SF)
APN
07-10-400-052
UPID
US28-1468677
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
-
Extended Stay America - Chicago - Schaumburg - Convention Center Hotel & Motel Vacation Rental
-
Showtime Enterprise Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.22M
Owner & transaction history
Mayuri Hospitality LLC · 4 yrs held
Mayuri Hospitality LLC
since 2022
Last sale
$6.0M
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
$6,445,000
ML approach
$6,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.22M
Range $5.59M – $6.84M · ±10% · vs last sale $5.98M (Mar 11 2022)
Last sale anchor
$5.98M
Mar 11 2022
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
$306,492
Tax year 2022
Assessed value
$1,128,298
Assessed 2022
Previous assessed
$1,045,500
+7.9% YoY
Effective rate
27.16%
On assessed value
Assessed land
$299,730
Assessed improvement
$828,568
Land market value
$1,198,920
Improvement market value
$3,314,272
Total market value
$4,513,192
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1997
Heating
NONE
Lot
2.75 ac (119,790 SF)
APN
07-10-400-052
UPID
US28-1468677
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
1997
Heating
NONE
Lot
2.75 ac
Current owner
From public records · entity-resolved
Mayuri Hospitality LLC
Entity
Mailing address
51 E STATE PKWY, SCHAUMBURG, IL 60173-5336
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Jan 10, 2024
—
Mayuri Hospitality LLC
—
Deed
related
$6,458,400 · Celtic Bank Corporation
Mar 11, 2022
$5,975,000
Mayuri Hospitality LLC
Sre Esa Propco Schaumburg Conventio
Special Warranty Deed
$4,196,522 · International Bank Of Chicago
Dec 14, 2018
$1,400,000
Sre Esa Propco Schaumburg Conv
Esa P Portfolio LLC
Grant Deed
related
$52,800,000 · Keybank USA
Jan 7, 2013
—
Esa P Portfolio LLC
—
Deed Of Trust
related
—
Jul 10, 2007
—
Esh Of Hv Properties LLC
—
Deed Of Trust
related
—
Dec 13, 2001
—
Bre/hv Properties LLC
—
Deed Of Trust
related
$400,000,000 · Bear Stearns Funding INC
—
—
Bre Of Hv Properties LLC
—
Deed Of Trust
related
—
—
—
Esa P Portfolio LLC
—
Deed Of Trust
related
$2,000,000 · J P Morgan Chase 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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