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    4583 American Rd Rockford, IL 61109

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    For Lease
    Contact for pricing

    5,800 sq ft industrial building with upgraded offices and solar.

    Property size:
    2,000 SF
    Lot size:
    0.51 Acres

    Property Features for 4583 American Rd

    General Information

    Size
    2,000 SF
    Lot size
    0.51 Acres

    We can help!

    Listing Contact
    Tina Tendall
    Tina Tendall
    Source: Moodyscre

    Listing Agency: GAMBINO REALTORS-Rkfd Listing Agent: Tina Tendall

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

    Learn more

    Property Insight Report

    Overview

    Prime Industrial Building with Solar

    This 5,800 sq. ft. industrial building is situated in a prime location with access to major highways, transportation routes, and commercial amenities. The property is suited for manufacturing, distribution, or mixed-use operations, combining functional warehouse space with upgraded professional offices. The office space features new carpet, updated paint, and a kitchen. The warehouse area offers a spacious, open layout suitable for production, storage, or logistics, with 12 ft ceiling heights and an overhead crane. The building is equipped with solar panels, reducing operating costs and carbon footprint. On-site parking and convenient loading access are available for trucks and deliveries. The property is in move-in ready condition and includes new asphalt black top installed in the past 12 months, a reflective roof coating (3 years old, Carlyle Manufacturing, 20 year warranty), new gutters, and new siding. An overhead door measures 12 x 10. The office areas feature modern finishes. The location is highly visible within a sought-after industrial corridor. The building has 2- 200 amp service with 3-Phase. Tenant receives the benefits of the sustainable energy savings through owners solar installation. There are two furnace and central air units in back, one of each in front office area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

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

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

    Similar Places Nearby

    A Place for Space On Sandy Hollow rd., CubeSmart Self Storage, U-Pack, Container Depot Rockford 🌐CDCO, A Place for Space on Linden Road

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.026455
    Latitude
    42.228802

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    FAQs

    What type of property is this?
    Warehouse - 5,800 sq ft industrial building with upgraded offices and solar.
    Where is this warehouse located?
    The property is located at 4583 American Rd Rockford, IL.
    What are key features of this property?
    This property features: - Prime location with easy access to major highways and transportation routes.; - Equipped with solar panels, significantly reducing operating costs.; - 5,800 sq. ft. industrial building suitable for manufacturing, distribution, or mixed-use.
    (815) 904-3800 Call to check price and availability
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    4583 American Rd Rockford, IL 61109
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    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
    4583 American Rd Rockford, IL 61109
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tina Tendall
    Tina Tendall
    (815) 904-3800 (815) 282-2222 (815) 623-5555
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