Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    1235 N Mulford Rd Rockford, IL 61107

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    62,175 SF office building with high visibility and accessibility.

    Type:Office
    Property size:
    62,175 SF
    Added:
    Jul 7, 2022
    Days on Market:
    1400
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 1235 N Mulford Rd

    General Information

    Standard status
    Active
    Size
    62,175 SF
    Property subtype
    Office

    Building Details

    Year Built
    1988

    Spaces For Lease

    at 1235 N Mulford Rd Contact us

    Suite 230 $14 /Mo

    Size
    2,523 SF
    Type
    Office
    Contact us

    Suite 103 $14 /Mo

    Size
    4,796 SF
    Type
    Office
    Turnkey Medical Office
    Contact us

    Suite 102 $14 /Mo

    Size
    4,928 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Ross Goyer
    Ross Goyer

    Listing agent Ross Goyer License #IN RB14026888

    Listing office Cornerstone Companies Inc

    Listing date Jul 7, 2022

    Source Crexi

    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 Cornerstone Companies Inc

    Overview

    Corner Office Building For Rent

    This 62,175 square foot office building is located on the corner of Guilford and Mulford Road. The property offers high visibility and is easily accessible from I-90 and Highway 20. It is situated less than 20 minutes east of downtown Rockford and provides ample parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Title Underwriters Agency Title Company Howard W. Weiss, ... Physician W Stephen. Minore Physician Dr. Mark J. ... Physician Lenox Healthcare for Women Medical Clinic

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -88.9984336
    Latitude
    42.281397

    Nearby Similar for Lease

    • Contact for pricing

      Rockford East Side Retail Center

      Retail and office spaces available in established Rockford shopping center.
      3600 East State Street, 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 Road, Rockford, IL 61107
      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
    • $13 SF/Yr

      Automotive Center End Unit

      3,200 SF end unit with multiple overhead doors.
      1701-1719 E Riverside Blvd, Rockford, IL
      View Details
    • $19 SF/Yr

      Turnkey Bar & Grill Opportunity

      Fully equipped bar and grill available for lease assignment.
      5880 E State St, Rockford, IL
      View Details
    • $9 SF/Yr

      Rockford Office Space For Rent

      Highly versatile office space in a premier Rockford location.
      4960 East State St., Rockford, IL
      View Details
    • $8 SF/Yr

      Office Space with Street Visibility

      Office spaces available with street visibility and signage included.
      4223 E State St, Rockford, IL
      View Details
    • $9 SF/Yr

      Class A Office Space Available

      Premier Rockford office space with move-in ready layout.
      4940 E. State Street, Rockford, IL
      View Details
    • Contact for pricing

      Rockford Retail Space on State

      40,731 SF retail space available on Rockford’s top retail corridor.
      7340 East State Street, Rockford, IL, 61108
      View Details
    • $2,500/Mo

      Prime Industrial Building with Solar

      5,800 sq ft industrial building with upgraded offices and solar.
      4583 AMERICAN ROAD, Rockford, IL
      View Details
    • $15 SF/Yr

      Move-in Ready Medical Office Space

      Retail/medical space available at Riverside Pavilion with high visibility.
      5947 E Riverside Blvd, Rockford, IL
      View Details
    • $18 SF/Yr

      Downtown Rockford Office Space Available

      Eight-story highrise with panoramic views and flexible office spaces.
      303 N MAIN STREET, Rockford, IL
      View Details

    FAQs

    What type of property is this?
    Office building - 62,175 SF office building with high visibility and accessibility.
    Where is this office building located?
    The property is located at 1235 N Mulford Rd Rockford, IL.
    What are key features of this property?
    This property features: High visibility location on corner of Guilford and Mulford Road.; Easily accessible from I‑90 & Hwy 20.; Ample parking available.
    (317) 288-9011 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ross Goyer
    Ross Goyer
    Real Estate License ID: IN RB14026888
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1235 N Mulford Rd, Rockford, IL 61107
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!