Automotive Property with Repair
For Sale
Contact for pricing
1711 Broadway, Rockford, IL 61104
C-4 property with automotive sales approval, vehicle display capacity, and service facilities.
Property Size4,800 SF
Price / SF$78.13
Days on Market8
Property Features for 1711 Broadway
General Information
Standard status
Active
Size
4,800 SF
Property subtype
RETAIL
Zoning
C-4
Additional Details
Road Access
Yes
Service Bays
2
Amenities
office spaces
restrooms
storage with overhead door
drive-in doors
automotive hoists
tire changer and balancer
blacktop parking lot
Building Details
Construction
concrete block
Listing Agency:
Vic Nafranowicz Inc
(815) 968-5188
Listed By:
Victor Nafranowicz · License #471004086
(815) 988-9057
Source:
Moodyscre
Added: Sep 7
Changed: Sep 9
Last Checked: Sep 13 at 8:57AM
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 Vic Nafranowicz Inc
Investment Insights
Based on property information with market context.
This automotive property combines a single-story office with an attached, two-level repair shop. The office includes three work areas, two restrooms, storage, and an overhead door. The 3,200-square-foot ground floor contains four drive-in doors, two automotive hoists rated at 7,000lb. and 10,000lb., a tire changer, and a balancer. The upper level adds 1,600 square feet across five rooms and a full restroom.
The paved vehicle area accommodates 40 plus vehicles and is served by three entrances. The corner site provides 158 Ft of frontage on Broadway and 100 Ft of frontage on 12th St., with multiple nearby car lots. The property consists of three parcels and carries C-4 zoning, along with a grandfathered special use permit for automotive sales. An Illinois dealer license must be obtained because the permit is not transferable.
The paved vehicle area accommodates 40 plus vehicles and is served by three entrances. The corner site provides 158 Ft of frontage on Broadway and 100 Ft of frontage on 12th St., with multiple nearby car lots. The property consists of three parcels and carries C-4 zoning, along with a grandfathered special use permit for automotive sales. An Illinois dealer license must be obtained because the permit is not transferable.
Key Highlights
- 3,200 square feet on the ground floor plus 1,600 square feet upstairs
- 40 plus vehicle capacity on paved lots
- 158 Ft of frontage on Broadway and 100 Ft of frontage on 12th St.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,284
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$645,680
$645.7K
Cap Rate 7%
$461,200
$461.2K
Cap Rate 9%
$358,711
$358.7K
Market Conditions
NOI Build-Up for 4,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$49.0K $10.20/SF
− Vacancy
−$2.8K −$0.59/SF
EGI
$46.1K $9.61/SF
− OpEx
−$13.8K −$2.88/SF
NOI
$32.3K $6.73/SF
Area
Rockford, IL
Vacancy
5.80%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$645,680
Cap Rate 7%
$461,200
Cap Rate 9%
$358,711
Alternative Uses
Best Use
Retail
$833.8K
$729.5K – $972.7K
NOI $58,363 @ 7.0% cap · market cap 15.56%
Second Best
Industrial
$461.2K
$403.6K – $538.1K
NOI $32,284 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,372 @ 7.0% cap · market cap 23.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Exxon
Shops & Services
5,605 visits/mo
0.4 miles
BP
Shops & Services
3,389 visits/mo
0.2 miles
Demographics for 61104, IL
17,354
Population
9,253
Households
1.9
Avg Household Size
32
Median Age
9%
College-Educated
75%
High-School Grad
4.5 sq mi
ZIP Area
3,856
Density / Sq Mi
$32,161
Median Household Income
$26,277
Median Earnings
$854
Median Rent
$83,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Automotive property - C-4 property with automotive sales approval, vehicle display capacity, and service facilities.
Where is this automotive property located?
The property is located at 1711 Broadway Rockford, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,200 square feet on the ground floor plus 1,600 square feet upstairs; 40 plus vehicle capacity on paved lots; 158 Ft of frontage on Broadway and 100 Ft of frontage on 12th St.
