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Property profile & analytics
FOR SALE
Industrial properties
515 Lunt Ave, Schaumburg, IL 60193
Entity Owned
~
Est. High Equity
Property ID
US28-3365228
For Sale
1 / 29
$1,290,000
515 Lunt Ave, Schaumburg, IL 60193
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1973
Total area
4,200 SF
Lot
0.73 ac (32,000 SF)
APN
07-33-202-022
UPID
US28-3365228
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$613k
Blend (final)
Blend
$1.01M
Owner & transaction history
515 Lunt Ave LLC
515 Lunt Ave LLC
since 2026
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$920,000
+180.5%
Retail stores
$625,000
+90.7%
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
$975,000
ML approach
$1,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$920,000
Change: +181% · Conversion: Difficult
RETAIL STORES
$625,000
Change: +91% · Conversion: Moderate
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±10% · vs last sale $1.03M (Nov 14 2023)
Last sale anchor
$1.03M
Nov 14 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
$239 / SF
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
$34,654
Tax year 2022
Assessed value
$127,573
Assessed 2022
Previous assessed
$108,750
+17.3% YoY
Effective rate
27.16%
On assessed value
Assessed land
$48,000
Assessed improvement
$79,573
Land market value
$192,000
Improvement market value
$318,292
Total market value
$510,292
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1973
Heating
NONE
Stories
1
Total area
4,200 SF
Lot
0.73 ac (32,000 SF)
APN
07-33-202-022
UPID
US28-3365228
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$920,000
RETAIL STORES
Est. value
$625,000
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
515 Lunt Ave LLC
Entity
Mailing address
515 LUNT AVE, SCHAUMBURG, IL 60193-4409
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2026
$1,185,000
515 Lunt Ave LLC
De La Torre & Sons LLC
Special Warranty Deed
$795,000 · Cornerstone National Bank & Trust C
Nov 14, 2023
$1,025,000
De La Torre & Sons LLC
A 1 American LLC
Warranty Deed
—
Aug 23, 2022
—
A 1american LLC
—
Deed
related
$850,000 · Millenium Investment Group LLC
Dec 14, 2020
—
A 1 American LLC
—
Deed
related
$354,720 · Citizens Bank Of Chatsworth
Jun 18, 2020
—
A-1 American LLC
—
Deed Of Trust
related
$250,000 · Crescent Capital Group LLC
Dec 17, 2018
$435,000
A-1 American LLC
Big Red Developers LLC
Warranty Deed
—
Apr 24, 2008
$572,000
Big Red Developers LLC
Parsons,charles O JR
Warranty Deed
$457,600 · Citibank NA
Jul 20, 2007
—
Charles O Parsons JR.
—
Trustees Deed
related
$500,000 · American Chartered Bank
—
—
Charlie O Parsons
—
Deed Of Trust
related
$288,000 · American Chartered Bank
—
—
A-1 American LLC
—
Deed Of Trust
related
$354,720 · Citizens Bk/chatsworth
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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