Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    735 North Perryville Rd Rockford, IL 61107

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail and office spaces available in multi-tenant building.

    Property size:
    18,136 SF
    Lot size:
    18,136 SF

    Property Features for 735 North Perryville Rd

    General Information

    Standard status
    Active
    Size
    18,136 SF

    We can help!

    Listing Contact
    Karen Walsh
    Karen Walsh
    Source: Cbre

    Listing Agency: CBRE Listing Agent: Karen Walsh

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

    Learn more

    Overview

    Rockford Retail/Office Space Available

    This multi-tenant building offers retail and office spaces. It is located at the signalized southeast corner of North Perryville Road and Crimson Ridge Drive, providing excellent visibility on the high-traffic North Perryville corridor. The property features a masonry facade, monument and building signage options, and plentiful parking. The first level has available spaces ranging from 3,500 to 10,417 square feet, while the lower level offers up to 7,719 square feet. The property is close to the Perryville Road and East State Street intersection.
    Location Intelligence

    Current Use by Public Records

    Benassi Anthony F ... Dental Office Spherion Staffing & Recruiting Employment Agency Exhale Sinus | TMJ ... Medical Clinic Forest City Diagnostic ... Medical Clinic Crimson Ridge Florist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -88.9787917
    Latitude
    42.2771237

    Nearby Similar for Lease

    • Contact for pricing

      Rockford Retail Space on State

      40,731 SF retail space available on Rockford’s top retail corridor.
      7340 East State St, Rockford, IL 61108
      View Details
    • $11 SF/Yr

      Rockford East Side Retail Center

      Retail and office spaces available in established Rockford shopping center.
      3600 East State St, Rockford, IL 61108
      View Details
    • Contact for pricing
      23,000 SF

      Industrial Space with Office Component

      Industrial space available with office component, exterior docks, and drive-in.
      5242 28Th Ave, Rockford, IL 61109
      View Details
    • Contact for pricing
      3,882 SF

      Upscale Retail Center in Rockford

      Retail and office spaces available in prime Rockford location.
      6585 Lexus Dr, Rockford, IL 61108
      View Details
    • Contact for pricing
      21,326 SF

      Class A Office Building

      New Class A office building with state-of-the-art finishes.
      1252 Bell Valley Rd, Rockford, IL 61107
      View Details
    • Contact for pricing
      7,928 SF

      Class A Office Building

      Class A office building in Rockford's main retail corridor.
      6838 East State St, Rockford, IL 61108
      View Details
    • $17 SF/Yr

      Move-in Ready Dental Office Space

      Fully built-out dental office with six operatories for rent.
      1107 S Mulford Rd, Rockford, IL 61108
      View Details
    • $14 SF/Yr

      Rockford Retail/Office Space Available

      Retail and office units available in established neighborhood center.
      300-320 N Alpine Rd, Rockford, IL 61107
      View Details
    • Contact for pricing
      129,330 SF

      Rockford Retail Space Available

      Large retail property in Rockford, Illinois, available for lease.
      7200 Harrison Ave, Rockford, IL 61112
      View Details
    • Contact for pricing
      3,500 SF

      Retail Shopping Center Space

      Retail space available in shopping center.
      3800 East State St, Rockford, IL 61108
      View Details
    • Contact for pricing
      2,014 SF

      Retail Space Available For Rent

      2,014 SF retail space available for rent.
      801 North Perryville Rd, Rockford, IL 61107
      View Details
    • Contact for pricing

      Two Buildings with Fenced Yard

      Two buildings totaling over 10,000 SF with fenced yard.
      3458 35Th St, Rockford, IL 61109
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail and office spaces available in multi-tenant building.
    Where is this retail space located?
    The property is located at 735 North Perryville Rd Rockford, IL.
    What are key features of this property?
    This property features: - Excellent visibility on high traffic N. Perryville corridor; - Located at signalized SE corner of N. Perryville Rd. and Crimson Ridge Dr.; - First level offers **3,500 - 10,417 SF available**
    (815) 218-3438
    Request Owner's contact information
    735 North Perryville Rd Rockford, IL 61107
    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.
    735 North Perryville Rd
    Rockford, IL 61107
    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
    735 North Perryville Rd Rockford, IL 61107
    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

    We can help!
    Listing Contact
    Karen Walsh
    Karen Walsh
    Real Estate License ID: 471015351
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!