Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6125 State St Rockford, IL 61108

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6125 State St Rockford, IL 61108

    View on Map
    • Lifestyle centers
    • 439,471 SF
    • 50.31 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Torrid / Clothing & Fashion Store
    • Kohl's / Department Store
    • Reaper City Solar Co / Solar Energy Company
    • SEPHORA at Kohl's Rockford South / Cosmetic Store
    • Forest Plaza / Shopping Center & Mall

    Property Details for 6125 State St

    Lot size
    50.31 lot acres
    Property size
    439,471 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Forest Plaza, located at 6125 E State St, Rockford, IL 61108, presents a compelling investment opportunity in a thriving retail market. This 439,471 square foot shopping center sits on a 50.31-acre lot and boasts a remarkable 98.1% occupancy rate. The property features a diverse mix of national tenants including Kohl's, Petco, Dick's Sporting Goods, Michaels, Marshalls, Binny's, Old Navy, and others, demonstrating strong tenant retention with over 52% of the gross leasable area (GLA) occupied for more than 15 years and 47% for over 20 years. Recent leasing momentum is evident with several new additions in 2023 and 2024, including Sierra, Aaron's, The Buckle, and European Wax Center. High-performing tenants contribute to strong sales figures, with several exceeding $2.9 million in annual sales. The center benefits from exceptional Placer.ai rankings for its tenants within Illinois and nationally, reflecting its strong performance and desirability. Situated in the heart of Rockford's State Street retail corridor, Forest Plaza benefits from its location in a dynamic market. Rockford is experiencing significant growth, recently ranked the #1 housing market in the United States and the #10 city with the lowest cost of living. The city's expanding economy, fueled by recent investments in infrastructure and major employers like General Mills and Walmart, further enhances the property's long-term potential. This value-add investment opportunity offers a rare chance to acquire a premier super-regional retail destination in a rapidly growing market. The property's strong tenant lineup, high occupancy, and prime location make it an attractive asset for discerning investors.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -88.9971
    Latitude
    42.2655

    Comparable in this City

    • Value Estimation by Request
      55,226 SF

      6350 State St

      Lifestyle centers • 55,226 SF
      6350 State St, Rockford, IL 61108
      View Details
    • Value Estimation by Request
      95,751 SF

      2516 Charles St

      Neighborhood centers • 95,751 SF
      2516 Charles St, Rockford, IL 61108
      View Details
    • Value Estimation by Request
      10,515 SF

      7431 State St

      Neighborhood centers • 10,515 SF
      7431 State St, Rockford, IL 61108
      View Details
    • Value Estimation by Request
      1,636 SF

      6535 Lexus Dr

      Medical Office Space • 1,636 SF
      6535 Lexus Dr, Rockford, IL 61108
      View Details
    • Value Estimation by Request
      17,256 SF

      6282 State St

      Medical Office Space • 17,256 SF
      6282 State St, Rockford, IL 61108
      View Details
    • Value Estimation by Request
      433,816 SF

      6150 State St

      Retail properties & Spaces • 433,816 SF
      6150 State St, Rockford, IL 61108
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      41,618 SF

      Retail Property Near Major Retailers

      Retail property in close proximity to major retailers.
      7340 E State St, Rockford, IL 61108
      View Details
    • $4,000,000

      Retail Center with 32 Stores

      126,648 SF retail center with 72.4% occupancy for sale.
      3800 East State St, Rockford, IL 61108
      View Details
    • Contact for pricing
      16,722 SF

      Rockford Retail or Office Space

      20,500 SF retail or office space in Rockford, IL.
      4401 Charles St, Rockford, IL 61108
      View Details
    • $895,000

      Rockford Commercial Land Opportunity

      Prime investment opportunity with high visibility and accessibility in Rockford.
      3809 E State St, Rockford, IL 61108
      View Details
    • $1,956,280
      14.97 Acres

      Rockford Land for Development

      14 acres of divisible land suitable for commercial or industrial development.
      14 Acres Perryville & Fincham Rd, Rockford, IL 61108
      View Details
    • Contact for pricing

      Rockford Commercial Land For Sale

      Prime investment opportunity in a bustling Rockford shopping district.
      3809 E State St, Rockford, IL 61108
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space Near Retailers

      Retail and office spaces available near major retailers.
      7340 E State St, Rockford, IL 61108
      View Details
    • Contact for pricing
      1,402 SF

      Retail Space Near Alpine Road

      Retail space with excellent visibility and front door parking.
      1137 N Alpine Rd, Rockford, IL 61108
      View Details
    • Contact for pricing

      Retail, Office, Restaurant Space Available

      Multi-tenant property suitable for retail, office, or restaurant use.
      5416 E State St, Rockford, IL 61108
      View Details
    • Contact for pricing

      Former Bank Property For Lease

      High-visibility commercial space in a thriving location.
      4048 E State St, Rockford, IL 61108
      View Details
    • Contact for pricing

      Retail Spaces in Prime Location

      Retail spaces for lease in Rockford's strongest retail area.
      6260-6380 E State St, Rockford, IL 61108
      View Details
    • $11 SF/Yr

      Rockford East Side Retail Center

      Retail and office spaces available in established Rockford shopping center.
      3600 East State St, Rockford, IL 61108
      View Details
    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.
    6125 State St
    Rockford, IL 61108
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!