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    Dickerson & Nieman

    6277 E. Riverside Blvd., Rockford, IL 61114
    (815) 381-6804
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    Size: 10+ agents

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    • Land
    • Residential Multi Family
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    Listings

    For Sale (29)

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    Equestrian Property with Covered Arena
    $725,000
    2.28 Acres

    Equestrian Property with Covered Arena

    Turnkey horse property with arena, stalls, and modern amenities.

    5382 Guilford Rd, Rockford, IL 61107
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    Wooded Lot in Royal Court
    Contact for pricing
    0.59 Acres

    Wooded Lot in Royal Court

    0.59-acre wooded corner lot in Roscoe, Illinois.

    10365 Knights Armor Ln, Roscoe, IL 61073
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    Land in Harvest Glenn
    Contact for pricing
    0.25 Acres

    Land in Harvest Glenn

    Residential lots available with city utilities, Davis Junction, Illinois.

    198 Harvest Glenn Dr, Davis Junction, IL 61020
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    Versatile Multi-Use Property, Poplar Grove
    $235,000

    Versatile Multi-Use Property, Poplar Grove

    Multi-use property with storefront, residence, and rental units in Illinois.

    100 N State, Poplar Grove, IL 61065
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    Residential Land in Belvidere, IL
    Contact for pricing
    0.35 Acres

    Residential Land in Belvidere, IL

    Residential land available in a quiet Belvidere community.

    627 Clarksen Dr, Belvidere, IL 61008
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    Residential Lot in Growing Community
    $31,500
    0.35 Acres

    Residential Lot in Growing Community

    Spacious 0.35-acre lot for a dream home.

    Xxxx Brentwood, Machesney Park, IL 61115
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    Land in Harvest Glenn
    Contact for pricing
    0.25 Acres

    Land in Harvest Glenn

    Land for sale with city utilities, Davis Junction, Illinois.

    196 Harvest Glenn Dr, Davis Junction, IL 61020
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    Land in Harvest Glenn
    Contact for pricing
    0.25 Acres

    Land in Harvest Glenn

    Residential lots for sale with city utilities in Davis Junction.

    194 Harvest Glenn Dr, Davis Junction, IL 61020
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    Residential Lot Near I-90
    Contact for pricing
    0.25 Acres

    Residential Lot Near I-90

    Duplex-style lot near I-90, walking path, and pond.

    15580 White Oak Dr, South Beloit, IL 61080
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    Land in Harvest Glenn
    Contact for pricing
    0.25 Acres

    Land in Harvest Glenn

    Residential lots available with city utilities in Davis Junction.

    190 Harvest Glenn Dr, Davis Junction, IL 61020
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    Rockford Duplex with Long-Term Tenants
    $125,000

    Rockford Duplex with Long-Term Tenants

    Two-unit property in Rockford, both units rented to long-term tenants.

    3024 Lawndale Ave, Rockford, IL 61101
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    Partially Wooded Lot in Roscoe
    $39,900
    0.72 Acres

    Partially Wooded Lot in Roscoe

    0.72 acre partially wooded lot with exposure potential.

    13062 Deer Xing, Roscoe, IL 61073
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    Residential Land in Caledonia, Illinois
    $59,900
    2.80 Acres

    Residential Land in Caledonia, Illinois

    2.8 acre lot, partially wooded, convenient location, Belvidere North schools.

    12725 Ashfield Rd, Caledonia, IL 61011
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    Residential Land in Burled Wood
    Contact for pricing
    0.35 Acres

    Residential Land in Burled Wood

    Open lot in up-and-coming Burled Wood neighborhood.

    479 Burled Wood, Poplar Grove, IL 61065
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    Residential Lot in Rockford, IL
    Contact for pricing
    0.58 Acres

    Residential Lot in Rockford, IL

    Buildable residential lot with no builder restrictions.

    4900 Lincliff Dr, Rockford, IL 61109
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    Land in Harvest Glenn
    Contact for pricing
    0.25 Acres

    Land in Harvest Glenn

    Residential lots for sale with city utilities in Davis Junction.

    192 Harvest Glenn Dr, Davis Junction, IL 61020
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    Land in Harvest Glenn
    Contact for pricing
    0.25 Acres

    Land in Harvest Glenn

    Land for sale with city utilities in Davis Junction.

    188 Harvest Glenn Dr, Davis Junction, IL 61020
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    Residential Lot Near Shopping Centers
    $42,500
    0.58 Acres

    Residential Lot Near Shopping Centers

    Half-acre residential lot near Cherry Valley Mall.

    2000 S Bell School Rd, Cherry Valley, IL 61016
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    Wooded Lot in Machesney Park
    Contact for pricing
    0.41 Acres

    Wooded Lot in Machesney Park

    A 0.41-acre wooded lot in Machesney Park, Illinois.

    Xx Smythe, Machesney Park, IL 61115
    View details
    Machesney Park Homesite Near River
    $75,000
    1.70 Acres

    Machesney Park Homesite Near River

    1.7 acre homesite near Rock River with city water.

    10313 Ventura Blvd, Machesney Park, IL 61115
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    Residential Land in Hidden Creek
    $39,900
    0.69 Acres

    Residential Land in Hidden Creek

    Partially wooded 0.69 acre lot in Hidden Creek.

    7940 Hidden Creek Ln, Roscoe, IL 61073
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    Belvidere Land in Mallard Pointe
    $112,000
    2.19 Acres

    Belvidere Land in Mallard Pointe

    2.19 acre lot in Belvidere's Mallard Pointe subdivision.

    10277 Creekside Pl, Belvidere, IL 61008
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    Commercial Land in South Beloit
    $174,900
    3.11 Acres

    Commercial Land in South Beloit

    3.11 acres of commercially zoned land available for sale.

    Xxxx Willowbrook, South Beloit, IL 61080
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    Residential Land in Hidden Creek
    $45,000
    0.58 Acres

    Residential Land in Hidden Creek

    Residential land for sale in Hidden Creek, Roscoe, Illinois.

    7633 Hidden Creek Ln, Roscoe, IL 61073
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    Side-by-Side Duplex in Rockford, IL
    $150,000
    2,356 SF

    Side-by-Side Duplex in Rockford, IL

    Bi-level duplex with spacious layout and large fenced backyard.

    1722-1724 Lyran Ave, Rockford, IL 61109
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    OREGON, IL Industrial Land
    Contact for pricing
    0.94 Acres

    OREGON, IL Industrial Land

    1 acre of industrial/business-zoned land in OREGON, IL.

    000 S Anterior, Oregon, IL 61061
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    Corner Building with Ample Parking
    $199,900
    5,145 SF

    Corner Building with Ample Parking

    5,145 SF building with basement and overhead door.

    707 Marchesano Dr, Rockford, IL 61102
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    Vacant Land For Sale
    $1,280,664

    Vacant Land For Sale

    Vacant land available on Frontage Road.

    701 Russ Ave, Machesney Park, IL 61115
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    Land for Sale
    $112,000

    Land for Sale

    Land available in Belvidere, IL.

    10277 Creekside Pl, Belvidere, IL 61008
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    For Lease (1)

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    Machesney Park Land Opportunity
    Contact for pricing

    Machesney Park Land Opportunity

    4.24 acres near Hwy 173 and Hwy 251.

    701 Russ Ave, Machesney Park, IL 61115
    View details

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    Dickerson & Nieman
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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
    Dickerson & Nieman
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