Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Former Restaurant on High-Traffic Road Title is generated by Realmo AI

    6802 Rock Valley Parkway, Loves Park, IL 61111

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    3,319 SF former restaurant suitable for restaurant or retail.

    Type:Retail
    Added:
    Nov 22, 2025
    Days on Market:
    180
    Last Refresh:
    Apr 5 at 9:13 pm

    Property Features for 6802 Rock Valley Parkway

    General Information

    Standard status
    Active
    Property subtype
    Retail

    We can help!

    Listing Contact
    Karen Walsh
    Karen Walsh

    Listing agent Karen Walsh License #471015351

    Listing office CBRE, INC.

    Listing date Nov 22, 2025

    Source Cbre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE, INC.

    HighLights

    • Excellent visibility on N. Perryville Rd. with high 16,700 VPD traffic count
    • Suitable for restaurant or retailer
    • Located on rapidly developing corridor near Costco, Blain's Farm & Fleet, Starbucks, Chipotle, Panera and others
    • Approximately 15.37/1,000 SF parking ratio
    • One mile to the I‑90/E. Riverside Blvd. interchange
    • 3,319 SF former restaurant on 1 acre

    Overview

    This 3,319 square-foot property, formerly a restaurant, is situated on a 1-acre lot and is suitable for either a restaurant or retailer. The property features a parking ratio of approximately 15.37 per 1,000 square feet and includes a pylon sign. Located on N. Perryville Rd., the site benefits from high visibility and a traffic count of 16,700 vehicles per day. The surrounding area is a rapidly developing corridor with retailers such as Costco, Blain's Farm & Fleet, Peak Fitness, Starbucks, Chipotle, and Panera. The property is located one mile from the I-90/E. Riverside Blvd. interchange.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Arby's Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Loves Park
    County
    Winnebago
    State
    Illinois
    Longitude
    -88.9816
    Latitude
    42.3232

    Nearby Similar for Lease

    • $12 SF/Yr
      14,778 SF

      Loves Park Retail Center

      Retail strip center with renovated units available for lease.
      6125 N. 2nd Street, 6127 Hanna Ct, Loves Park, IL 61111
      View Details
    • $400/Mo
      2,060 SF

      Loves Park Office Space

      Office spaces for lease in Loves Park, Illinois.
      7124 Windsor Lake Pkwy, Loves Park, IL
      View Details
    • Contact for pricing
      40,309 SF

      Retail Space in Loves Park

      Retail property available for lease in Loves Park, Illinois.
      6401 North 2nd Street, Loves Park, IL, 61111
      View Details
    • $12 SF/Yr
      1,750 SF

      Renovated Retail Space For Rent

      Newly renovated retail units with open floor plan and parking.
      6125-6127 N 2nd St, Loves Park, IL
      View Details
    • $14 SF/Yr
      1,246 SF

      Prime Office Space For Rent

      Well-appointed 1,246 SF office space in a bustling retail corridor.
      6100 E Riverside Blvd, Loves Park, IL
      View Details
    • Contact for pricing
      1,081 SF

      Office Spaces For Lease

      Office spaces available for lease with short-term options.
      1820 Windsor Road, Loves Park, IL
      View Details
    • Contact for pricing
      1,858 SF

      Retail Space Available For Rent

      Single tenant retail space available for rent, 1,858 SqFt.
      5349 N 2nd St, Loves Park, IL 61111
      View Details
    • $5 SF/Yr
      1,500 SF

      Loves Park Industrial Space

      Small industrial space available September 1, 2025 in Loves Park.
      6924-6930 Forest Hills Rd, Loves Park, IL
      View Details
    • Contact for pricing
      2,990 SF

      Restaurant with Drive-Thru Available

      2,990 SF restaurant with drive-thru on 0.63 acres.
      6390 East Riverside Boulevard, Loves Park, IL, 61111
      View Details
    • $12 SF/Yr
      900 SF

      Office Space in Loves Park

      Office spaces for lease, ideal for various business needs.
      1752 Windsor Rd, Loves Park, IL
      View Details
    • Contact for pricing
      2,087 SF

      Retail End Cap For Lease

      Retail space available in Loves Park, Illinois.
      6710 Broadcast Parkway, Loves Park, IL, 61111
      View Details
    • $12 SF/Yr
      1,250 SF

      Office Space For Rent

      Office space available in a high-exposure location.
      4053-4081 N Perryville Rd, Loves Park, IL
      View Details

    FAQs

    What type of property is this?
    Restaurant - 3,319 SF former restaurant suitable for restaurant or retail.
    Where is this restaurant located?
    The property is located at 6802 Rock Valley Parkway Loves Park, IL.
    What are key features of this property?
    This property features: Excellent visibility on N. Perryville Rd. with high 16,700 VPD traffic count; Suitable for restaurant or retailer; Located on rapidly developing corridor near Costco, Blain's Farm & Fleet, Starbucks, Chipotle, Panera and others
    (815) 218-3438
    We can help!
    Listing Contact
    Karen Walsh
    Karen Walsh
    Real Estate License ID: 471015351
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6802 Rock Valley Parkway, Loves Park, IL, 61111
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!