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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Industrial properties
1025 School St Rockford, IL 61101-5930
Entity Owned
2-yr Hold
Free & Clear
Property ID
US28-5782651
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1960
Construction
WOOD
Total area
35,326 SF
Lot
3.06 ac (133,294 SF)
Zoning code
I2
APN
11-15-453-002
UPID
US28-5782651
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Arntzen Corporation Production Facility Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$524k
Blend (final)
Blend
$750k
Owner & transaction history
Pv Real Estate LLC · 2 yrs held
Pv Real Estate LLC
since 2024
Last sale
$750,000
3 recorded transactions
Zoning & alternative use
I2 · Rockford, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
23-002-B. I-2, GENERAL INDUSTRIAL DISTRICT The primary purpose of the I-2, General Industrial district is to accommodate moderate- impact manufacturing, wholesaling, warehousing, and distribution uses, including storage and
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
5,109.69 ac
Source
Article 1
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rockford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$750,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$570,000
Current use
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Apr 26 2024)
Last sale anchor
$750k
Apr 26 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$21 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,962
Tax year 2023
Assessed value
$153,726
Assessed 2023
Previous assessed
$137,403
+11.9% YoY
Effective rate
10.38%
On assessed value
Assessed land
$33,132
Assessed improvement
$120,594
Land market value
$99,396
Improvement market value
$361,782
Total market value
$461,178
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Total area
35,326 SF
Lot
3.06 ac (133,294 SF)
Zoning code
I2
APN
11-15-453-002
UPID
US28-5782651
Jurisdiction
WINNEBAGO
Zoning & alternative use
I2 · Rockford, ILZoning I2 · permitted uses
I2 · Rockford, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
23-002-B. I-2, GENERAL INDUSTRIAL DISTRICT The primary purpose of the I-2, General Industrial district is to accommodate moderate- impact manufacturing, wholesaling, warehousing, and distribution uses, including storage and
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
5,109.69 ac
Source
Article 1
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$570,000
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.06 ac
Current owner
From public records · entity-resolved
Pv Real Estate LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5119 SMOKETHORN TRL, BELVIDERE, IL 61008-7209
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2024
$750,000
Pv Real Estate LLC
Edwards Toolbox LLC
Warranty Deed
—
Mar 4, 2024
$750,000
Pv Real Estate LLC
Edwards Toolbox LLC
Warranty Deed
—
Jan 4, 2007
$455,000
Edwards Toolbox LLC
Arntzen Corp
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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