Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3727 Blackhawk Rd Rock Island, IL 61201
    Back to Search
    Property profile & analytics

    3727 Blackhawk Rd, Rock Island, IL 61201

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • J Michael's Salon / Hair Salon / Nail Salon

    Property Details for 3727 Blackhawk Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional commercial property, located at 3727 Blackhawk Road in Rock Island, Illinois (zip code 61201), offers a unique opportunity for businesses seeking high-visibility space. The property consists of three individual suites, each measuring 1,250 square feet, totaling 3,750 square feet. Currently unfinished, these suites offer the flexibility to be leased individually or combined to create larger spaces of 2,500 or 3,750 square feet, catering to a variety of business needs. The property is classified as Class B and features a single tenancy. Situated at the corner of Blackhawk Road and 38th Street, this location boasts excellent visibility and high traffic counts. Ample parking is available, ensuring convenient access for customers and employees. The property benefits from its proximity to Arthur's Garden Deli, adding to its appeal and potential for synergy. The building's exterior has recently undergone updates, enhancing its curb appeal. Each suite includes private restrooms and separate HVAC systems, providing tenants with individual climate control and privacy. The property is zoned for commercial use and has an APN of 1613213002. This is an ideal location for businesses seeking a prominent presence in a thriving area of Rock Island. The property type is classified as Land, Office, and Retail.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rock Island
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.5483
    Latitude
    41.4671

    Comparable in this City

    • Value Estimation by Request

      120 16 1/2 St

      Government properties
      120 16 1/2 St, Rock Island, IL 61201
      View Details
    • Value Estimation by Request

      120 16 1/2 St

      Government properties
      120 16 1/2 St, Rock Island, IL 61201
      View Details
    • Value Estimation by Request
      8,000 SF

      3850 Blackhawk Rd

      Medical Office Space
      3850 Blackhawk Rd, Rock Island, IL 61201
      View Details
    • Value Estimation by Request
      65,330 SF

      4004 Blackhawk Rd

      Office Spaces
      4004 Blackhawk Rd, Rock Island, IL 61201
      View Details
    • Value Estimation by Request
      65,330 SF

      4012 Blackhawk Rd

      Office Spaces
      4012 Blackhawk Rd, Rock Island, IL 61201
      View Details
    • Value Estimation by Request
      7.07 Acres

      4014 Blackhawk Rd

      Office Spaces
      4014 Blackhawk Rd, Rock Island, IL 61201
      View Details

    Similar Nearby for Sale

    • $400,000
      0.19 Acres

      Rock Island Commercial Land Opportunity

      Prime Retail Land, 22,500 SF Building
      1710 2Nd Ave, Rock Island, IL 61201
      View Details
    • $199,500
      0.06 Acres

      Downtown Rock Island Commercial Land

      Prime Retail Location, 3,650 SF, $199,500
      1704 2Nd Ave, Rock Island, IL 61201
      View Details
    • Contact for pricing
      37,030 SF

      Rock Island Center Mixed-Use Building

      37,030 SF mixed-use building in Downtown Rock Island.
      1730 2Nd Ave, Rock Island, IL 61201
      View Details
    • Contact for pricing
      13,656 SF

      Rock Island Retail Opportunity

      Retail property available in Rock Island, Illinois.
      3100 11Th St, Rock Island, IL 61201
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      22,500 SF

      Prime Rock Island Retail Space

      Historic building, 22,500 sq ft, fully vacant.
      1710 2Nd Ave, Rock Island, IL 61201
      View Details
    • Contact for pricing

      Rock Island Class B Office

      Class B office space available for lease in Rock Island.
      500 42Nd St, Rock Island, IL 61201
      View Details
    • Contact for pricing
      4,075 SF

      Rock Island Office Space Available

      4,075 SF office space for lease in Rock Island.
      1830 2Nd Ave, Rock Island, IL 61201
      View Details
    • Contact for pricing

      New Retail Space Available

      New construction retail space with high visibility and strong co-tenants.
      4200 Blackhawk Rd, Rock Island, IL 61201
      View Details
    • Contact for pricing

      Retail Space Near Augustana College

      Retail/service space available immediately near Augustana College.
      4015 6Th Ave, Rock Island, IL 61201
      View Details
    • Contact for pricing
      31,020 SF

      Rock Island Warehouse Space

      37,760 SF warehouse space available for lease.
      4300 81St Ave W, Rock Island, IL 61201
      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.
    3727 Blackhawk Rd
    Rock Island, IL 61201
    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
    3727 Blackhawk Rd, Rock Island, IL, 61201
    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!