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    For Sale (24)

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    Residential Land in Weldon Woods
    $59,900
    1.77 Acres

    Residential Land in Weldon Woods

    1.77 acre residential land in Winnebago School District 323.

    7952 Weldon Wood, Rockford, IL 61102
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    Residential Land in Weldon Woods
    $89,900
    4.42 Acres

    Residential Land in Weldon Woods

    4.42 acre wooded land parcel in established subdivision.

    7795 Weldon Wood, Rockford, IL 61102
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    Residential Lot Near Rockford Airport
    Contact for pricing
    0.14 Acres

    Residential Lot Near Rockford Airport

    Residential lot near Rockford Airport and downtown district.

    6XX Cambridge Ave, Rockford, IL 61102
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    Prime Agricultural Land with Buildings
    $1,900,000
    9,000 SF

    Prime Agricultural Land with Buildings

    119.45 acres of fertile land with functional buildings.

    11635 Wange Rd, Capron, IL 61012
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    Prime Agricultural Land with Buildings
    $1,900,000
    119.45 Acres

    Prime Agricultural Land with Buildings

    119.45 acres of agricultural land with two metal buildings.

    11635 Wange Rd, Capron, IL 61012
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    Residential Land in Loves Park
    $50,000
    0.75 Acres

    Residential Land in Loves Park

    Private lot in Loves Park with pond view.

    5351 Woodland Pond Ln, Loves Park, IL 61111
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    All-Brick Duplex in Prime Location
    $175,000

    All-Brick Duplex in Prime Location

    Turnkey, updated duplex in Rockford, generating immediate cash flow.

    2242 7Th St, Rockford, IL 61104
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    Vacant Lot in Quiet Subdivision
    Contact for pricing
    0.75 Acres

    Vacant Lot in Quiet Subdivision

    Large vacant lot near I-90/39/Bypass 20 and Rockford School District.

    7XX Homestead Ln, Rockford, IL 61102
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    Riverfront Land with Custom Shed
    $65,900
    0.27 Acres

    Riverfront Land with Custom Shed

    Riverfront property with sea wall, shed, pizza oven, and piers.

    5065 Browns Beach Rd, Rockford, IL 61103
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    Rockford Duplex with Income Potential
    $379,000

    Rockford Duplex with Income Potential

    Ranch-style duplex with strong income potential near Riverside Boulevard.

    3786-3788 Sage Dr, Rockford, IL 61114
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    Beloit Land Near Ho-Chunk Casino
    $6,000,000
    12.74 Acres

    Beloit Land Near Ho-Chunk Casino

    12.74 acres near Ho-Chunk Casino and I-90.

    0000 None, Beloit, WI 53511
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    ROCKFORD Four-Unit Investment Property
    $499,500

    ROCKFORD Four-Unit Investment Property

    Well-maintained four-unit property with strong rental potential in ROCKFORD.

    820 Cottage Grove Ave, Rockford, IL 61103
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    Beloit Land Opportunity
    $5,500,000
    17.42 Acres

    Beloit Land Opportunity

    17.42 acres of commercial land in Beloit, Wisconsin.

    Gateway Blvd, Beloit, WI 53511
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    Machesney Park Wooded Lot
    $65,000
    1.05 Acres

    Machesney Park Wooded Lot

    1.05 acre wooded lot in established Machesney Park neighborhood.

    909 Darwin Dr, Machesney Park, IL 61115
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    Turnkey Furnished Rental Portfolio
    $320,000

    Turnkey Furnished Rental Portfolio

    Fully occupied 6-unit rental property with proven income.

    722 Seminary St, Rockford, IL 61104
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    Turnkey Furnished Rental Portfolio
    $320,000

    Turnkey Furnished Rental Portfolio

    Fully occupied 6-unit furnished rental property with proven income.

    718 Seminary St, Rockford, IL 61104
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    Turnkey Furnished Rental Portfolio
    $320,000

    Turnkey Furnished Rental Portfolio

    Fully occupied 6-unit rental property with proven income.

    712 Seminary St, Rockford, IL 61104
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    Rockford Two-Unit Investment Opportunity
    $86,000

    Rockford Two-Unit Investment Opportunity

    Two-unit property with rental upside potential in Rockford, Illinois.

    1105 N Horsman St, Rockford, IL 61101
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    Corner Lot in Rockford, IL
    Contact for pricing
    0.13 Acres

    Corner Lot in Rockford, IL

    Residential corner lot with alley access in Rockford, Illinois.

    1736 13Th St, Rockford, IL 61104
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    Residential Lot Near Rockford Airport
    Contact for pricing
    0.15 Acres

    Residential Lot Near Rockford Airport

    Residential lot in established neighborhood near Rockford Airport and downtown.

    803 Island Ave, Rockford, IL 61102
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    Residential Lot Near Rockford Airport
    Contact for pricing
    0.14 Acres

    Residential Lot Near Rockford Airport

    Residential lot in established neighborhood near Rockford Airport and downtown.

    821 Island Ave, Rockford, IL 61102
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    Turnkey Auto Repair Shop
    $190,000
    5,000 SF

    Turnkey Auto Repair Shop

    Fully equipped auto repair and body shop ready for operation.

    3014 Auburn St, Rockford, IL 61101
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    Buildable Lot with Subdivision Potential
    $59,900

    Buildable Lot with Subdivision Potential

    1.3-acre lot near amenities with subdivision potential.

    3349 Mill Rd, Cherry Valley, IL 61016
    View details
    Land For Sale in Capron
    $1,900,000

    Land For Sale in Capron

    Land available on Wange Road, Capron, Illinois.

    11635 Wange Rd, Capron, IL 61012
    View details

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    Gambino Realtors
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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
    Gambino Realtors
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