New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Industrial properties
902 Morse Ave 4, Schaumburg, IL 60193-4502
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-0264686
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1977
Lot
0.71 ac (30,940 SF)
APN
07-33-102-032
UPID
US28-0264686
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
-
Buildingstars Commercial Cleaning Solutions of Chicago Commercial Cleaning Service Janitorial Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.16M
Owner & transaction history
902 Morse LLC · 1 yrs held
902 Morse LLC
since 2024
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
$1,160,000
ML approach
$1,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±10% · vs last sale $1.16M (Sep 30 2024)
Last sale anchor
$1.16M
Sep 30 2024
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
$45,358
Tax year 2022
Assessed value
$166,976
Assessed 2022
Previous assessed
$166,976
+0.0% YoY
Effective rate
27.16%
On assessed value
Assessed land
$46,410
Assessed improvement
$120,566
Land market value
$185,640
Improvement market value
$482,264
Total market value
$667,904
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
Off-Market
Year built
1977
Heating
NONE
Lot
0.71 ac (30,940 SF)
APN
07-33-102-032
UPID
US28-0264686
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
1977
Heating
NONE
Lot
0.71 ac
Current owner
From public records · entity-resolved
902 Morse LLC
Entity
Mailing address
902 MORSE AVE, SCHAUMBURG, IL 60193-4502
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2026
—
902 Morse LLC
—
Deed
related
$575,000 · Small Business Growth Corporation
Sep 30, 2024
$1,160,000
902 Morse LLC
Facility Brands Facility LLC
Special Warranty Deed
$1,300,000 · Union National Bank
Feb 18, 2020
$780,000
Facility Brands Facility LLC
Js Solutions LLC
Grant Deed
$624,000 · Busey Bk
Sep 20, 2018
$525,000
1390 Wright LLC
West Jeff R/e Ptrs LLC
Grant Deed
—
Feb 17, 2017
$535,000
West Jeff Real Estate Ptrs LLC
Thompson Gloria L Trust
Grant Deed
$428,000 · Fifth Third Bk
Feb 17, 2017
$7,000
Thompson,gloria L Trust
Js Solutions LLC
Quit Claim Deed
related
—
Apr 24, 2012
—
J S Solutions LLC
Trust 01-1-7900
Grant Deed
$405,000 · Citibank NA
Sep 22, 2009
—
Village Of Schaumburg
Trust 01-1-7900
Grant Deed
related
—
Oct 9, 2001
$530,000
Midwest Bank & Trust Co Ttee
Lasalle Bank NA Trustee
Grant Deed
related
$330,000 · Citibank Fsb
—
—
American Nat'l Bk & Tr Chicago
—
Deed Of Trust
related
$318,750 · Citibank Fsb
—
—
American Nat'l Bk & Tr Chicago
—
Deed Of Trust
related
$682,500 · Citibank Fsb
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 902 Morse Ave, Unit 4?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
