1041 Simpson Rd Rockford, IL 61102-4610
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Estimated value (blended)
$860k
Range $774k – $946k (±10%)
Property ID
US28-2213143
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1991
Construction
STEEL FRAME
Total area
189,568 SF
Lot
12.68 ac (552,341 SF)
Zoning code
I1
APN
15-04-453-007
UPID
US28-2213143
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.94M
Blend (final)
Blend
$860k
Owner & transaction history
since 2016
1 recorded transaction
Zoning & alternative use
I1 · Rockford, IL
Zoning description
23-002-A. I-1, LIGHT INDUSTRIAL DISTRICT The primary purpose of the I-1, Light Industrial/Business Park district is to accommodate low- impact manufacturing, wholesaling, warehousing, and distribution activities that occ…
General category
INDUSTRIAL
Top alternative use upside
Commercial (general)
$14.6M
+166.0%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$860k
Value range
$774k – $946k
±10% around blend
Estimated value / SF
$5 / SF
Confidence
Low
4 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
40
$774k
blend $860k
$946k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
189,568 SF
Lot area
12.68 ac
Year built
1991
Stories
1
APN
15-04-453-007
Assessed value
$1,670,156
Annual tax
$173,419
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.98M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.1 mi away · 161,810 SF
3.2 mi away · 217,564 SF
21.7 mi away · 233,850 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$860k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 199 sales
$29
-84%
County 259 sales
$31
-86%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $5/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+166%
vs current-use indication
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.67M
Move the market yield to see immediate price impact.
Value / SF
$9
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$105k
$2.10M
$1.50M
$1.17M
$117k
$2.34M
$1.67M
$1.30M
$129k
$2.57M
$1.84M
$1.43M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$2.00M
2.9 mi · Oct 2025 · $9/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$173,419
Tax year 2023
Assessed value
$1,670,156
Assessed 2023
Previous assessed
$1,492,810
+11.9% YoY
Effective rate
10.38%
On assessed value
Assessed land
$99,601
Assessed improvement
$1,570,555
Land market value
$298,803
Improvement market value
$4,711,665
Total market value
$5,010,468
Applied tax rate
410.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1991
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
189,568 SF
Lot
12.68 ac (552,341 SF)
Zoning code
I1
APN
15-04-453-007
UPID
US28-2213143
Jurisdiction
WINNEBAGO
Zoning & alternative use
I1 · Rockford, ILZoning I1 · permitted uses
I1 · Rockford, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
23-002-A. I-1, LIGHT INDUSTRIAL DISTRICT The primary purpose of the I-1, Light Industrial/Business Park district is to accommodate low- impact manufacturing, wholesaling, warehousing, and distribution activities that occ…
General category
INDUSTRIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
12.68 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
I1
INDUSTRIAL
Jurisdiction
Rockford, IL
Recorded code
I1
Official district
I1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I1 in Rockford, IL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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