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Property profile & analytics
FOR LEASE
Office Spaces
1111 S Alpine Rd, Rockford, IL 61108
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-0865455
For Lease
1 / 2
$5,600,000
1111 S Alpine Rd, Rockford, IL 61108
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1974
Construction
FRAME
Total area
64,666 SF
Lot
2.35 ac (102,366 SF)
Zoning code
C2
APN
12-29-379-004
UPID
US28-0865455
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
-
Konica Minolta Business Solutions Computer Consultant Computer Security Service
-
Crosby Tax Services Tax Preparation
-
Attorney Faye M. Lyon P.C. Law Firm
-
CYRS Wealth Advisors LLC Financial Advisor
-
Principal Financial Group Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.52M
Blend (final)
Blend
$5.60M
Owner & transaction history
Dawn Rockford LLC · 1 yrs held
Dawn Rockford LLC
since 2025
Last sale
$5.6M
7 recorded transactions
Zoning & alternative use
C2 · Rockford, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$5,545,000
ML approach
$5,755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.60M
Range $5.04M – $6.16M · ±10% · vs last sale $5.55M (Jan 24 2025)
Last sale anchor
$5.55M
Jan 24 2025
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
$87 / 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
$92,969
Tax year 2023
Assessed value
$895,360
Assessed 2023
Previous assessed
$800,286
+11.9% YoY
Effective rate
10.38%
On assessed value
Assessed land
$121,965
Assessed improvement
$773,395
Land market value
$365,895
Improvement market value
$2,320,185
Total market value
$2,686,080
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1974
Construction
FRAME
Heating
ELECTRIC
Cooling
AC.PACKAGE
Stories
7
Units
1
Total area
64,666 SF
Lot
2.35 ac (102,366 SF)
Zoning code
C2
APN
12-29-379-004
UPID
US28-0865455
Jurisdiction
WINNEBAGO
Zoning & alternative use
C2 · Rockford, IL
Zoning C2 · permitted uses
C2 · Rockford, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
7
Units
1
Lot
2.35 ac
Current owner
From public records · entity-resolved
Dawn Rockford LLC
Entity
Mailing address
1111 S ALPINE RD #101, ROCKFORD, IL 61108-3940
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2025
$5,550,000
Dawn Rockford LLC
Fridh Corp
Warranty Deed
$4,147,500 · Bank 7
Jun 24, 2021
—
Fridh Corp
—
Deed
related
$1,787,714 · Midland States Bank
Jul 13, 2020
—
Fridh Corp
—
Deed
related
—
Jul 18, 2012
—
Fridh Corp
—
Trustees Deed
related
$1,700,000 · Alpine Bank & Trust Co
—
—
Fridh Corp
—
Deed Of Trust
related
$2,700,000 · Alpine Bk&tr
—
—
Fridh Corp
—
Loan Modification
related
—
—
—
Fridh Corp
—
Deed Of Trust
related
$1,800,000 · Associated Bank Illinois NA
—
—
Fridh Corp
—
Deed Of Trust
related
$1,600,000 · Bank One Illinois NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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