Individually Owned 
For Lease
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1639 N Alpine Rd, Rockford, IL 61107
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Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1978
Construction
FRAME
Total area
42,275 SF
Lot
2.16 ac (94,090 SF)
Zoning code
C3
APN
12-17-403-030
UPID
US28-0852174
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Physician Medical Clinic
-
Medical Clinic
-
Financial Advisor
-
Crisis Center Medical Clinic
-
Foster Care Service Social Service Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$610k
Owner & transaction history
since 2002
7 recorded transactions
Zoning & alternative use
C3 · Rockford, IL
Zoning description
21-001-D. C-3, GENERAL COMMERCIAL DISTRICT 1. The primary purpose of the C-3, General Commercial district is to accommodate a very broad range of business, service, and commercial uses. In terms of allowed uses, C-3 repr…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$610k
Value range
$549k – $671k
±10% around blend
Estimated value / SF
$14 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$549k
blend $610k
$671k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
42,275 SF
Lot area
2.16 ac
Year built
1978
Stories
5
APN
12-17-403-030
Zoning
C3
Assessed value
$870,319
Annual tax
$90,369
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$90,369
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.86M
Range $1.03M – $3.54M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$610k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 43 sales
$75
-81%
Submarket 424 sales
$77
-81%
County 595 sales
$78
-81%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $14/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$335k
Move the market yield to see immediate price impact.
Value / SF
$8
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$21k
$422k
$302k
$235k
$23k
$469k
$335k
$261k
$26k
$516k
$369k
$287k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$90,369
Tax year 2023
Assessed value
$870,319
Assessed 2023
Previous assessed
$777,904
+11.9% YoY
Effective rate
10.38%
On assessed value
Assessed land
$126,637
Assessed improvement
$743,682
Land market value
$379,911
Improvement market value
$2,231,046
Total market value
$2,610,957
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1978
Construction
FRAME
Heating
NONE
Cooling
CENTRAL
Stories
5
Units
1
Total area
42,275 SF
Lot
2.16 ac (94,090 SF)
Zoning code
C3
APN
12-17-403-030
UPID
US28-0852174
Jurisdiction
WINNEBAGO
Zoning & alternative use
C3 · Rockford, ILZoning C3 · permitted uses
C3 · Rockford, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
21-001-D. C-3, GENERAL COMMERCIAL DISTRICT 1. The primary purpose of the C-3, General Commercial district is to accommodate a very broad range of business, service, and commercial uses. In terms of allowed uses, C-3 repr…
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1978
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
5
Units
1
Lot
2.16 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
C3
COMMERCIAL
Jurisdiction
Rockford, IL
Recorded code
C3
Official district
C3
Official district profile
What the municipal code says about C3
Zoning description
21-001-D. C-3, GENERAL COMMERCIAL DISTRICT 1. The primary purpose of the C-3, General Commercial district is to accommodate a very broad range of business, service, and commercial uses. In terms of allowed uses, C-3 repr…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C3 in Rockford, IL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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