Closed Gas
For Sale
$400,000
3209 11th Street, Rockford, IL 61109
The gas station has been closed for two years and is offered in as-is condition.
Property Size2,000 SF
Days on Market143
Property Features for 3209 11th Street
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Business Opportunity
Building Details
Building Size
2,000 SF
Stories
1
Listing Agency:
F.J. Williams Realty LLC
(708) 499-5600
Listed By:
Glen Young · License #475151821
(708) 499-5600
Source:
Exit2newbeginningz
Added: Mar 23
Changed: Aug 9
Last Checked: Aug 11 at 1:47PM
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 F.J. Williams Realty LLC
Investment Insights
Based on property information with market context.
This gas station property is being offered in its existing condition after having been closed for two years. The asset is located at 3209 11th Street in Rockford, Illinois 61109.
Key Highlights
- Gas station property at 3209 11th Street, Rockford, IL 61109
- Closed for two years
- Offered in as‑is condition
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
$27,936
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
6.98%
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%
$558,720
$558.7K
Cap Rate 7%
$399,086
$399.1K
Cap Rate 9%
$310,400
$310.4K
Market Conditions
NOI Build-Up for 2,000 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
$38.4K $19.20/SF
− Vacancy
−$1.2K −$0.58/SF
EGI
$37.2K $18.62/SF
− OpEx
−$9.3K −$4.66/SF
NOI
$27.9K $13.97/SF
Area
Rockford, IL
Vacancy
3.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$558,720
Cap Rate 7%
$399,086
Cap Rate 9%
$310,400
Alternative Uses
Best Use
Specialty Retail
$399.1K
$349.2K – $465.6K
NOI $27,936 @ 7.0% cap · market cap 6.98%
Second Best
Retail
$347.4K
$304.0K – $405.3K
NOI $24,318 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$532.0K
$465.5K – $620.6K
NOI $37,238 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
145k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 39%
Groceries 16%
Electronics 1%
McDonald's
Dining
24,011 visits/mo
Schnucks
Groceries
22,885 visits/mo
0.3 miles
Dollar Tree
Shops & Services
14,063 visits/mo
0.3 miles
Taco Bell
Dining
12,593 visits/mo
0.2 miles
Dunkin' Donuts
Dining
8,818 visits/mo
0.0 miles
Demographics for 61109, IL
26,958
Population
11,829
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
38.5 sq mi
ZIP Area
700
Density / Sq Mi
$61,702
Median Household Income
$38,375
Median Earnings
$916
Median Rent
$124,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Gas station - The gas station has been closed for two years and is offered in as-is condition.
Where is this gas station located?
The property is located at 3209 11th Street Rockford, IL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Gas station property at 3209 11th Street, Rockford, IL 61109; Closed for two years; Offered in as‑is condition
