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Property profile & analytics
OFF-MARKET
Commercial real estate
1120 5th Ave Rockford, IL 61104
Entity Owned
3-yr Hold
Free & Clear
Property ID
US28-2443455
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
10,230 SF
Lot
0.24 ac (10,454 SF)
Zoning code
C3
APN
11-26-280-016
UPID
US28-2443455
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Graf Enterprises LLC · 3 yrs held
Graf Enterprises LLC
since 2023
5 recorded transactions
Zoning & alternative use
C3 · Rockford, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
21-001-D. C-3, GENERAL COMMERCIAL DISTRICT 1. The primary purpose of the C-3, General Commercial district is to accommodate a very broad range of business, service, and commercial uses. In terms of allowed uses, C-3 represents the highest intensity business or commercial zoning district. It allows nearly any type of business, service, or commercial use, incl…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,633.73 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$951
Tax year 2023
Assessed value
$9,162
Assessed 2023
Previous assessed
$8,189
+11.9% YoY
Effective rate
10.38%
On assessed value
Assessed land
$7,954
Assessed improvement
$1,208
Land market value
$23,862
Improvement market value
$3,624
Total market value
$27,486
Applied tax rate
418.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Total area
10,230 SF
Lot
0.24 ac (10,454 SF)
Zoning code
C3
APN
11-26-280-016
UPID
US28-2443455
Jurisdiction
WINNEBAGO
Zoning & alternative use
C3 · Rockford, ILZoning C3 · permitted uses
C3 · Rockford, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
21-001-D. C-3, GENERAL COMMERCIAL DISTRICT 1. The primary purpose of the C-3, General Commercial district is to accommodate a very broad range of business, service, and commercial uses. In terms of allowed uses, C-3 represents the highest intensity business or commercial zoning district. It allows nearly any type of business, service, or commercial use, including those involving outdoor operations and storage. Like the C-2 district, the C-3 district, development will generally be destination-oriented; a very large percentage of customers will arrive by automobile. 2. The C-3 district is distinguished from C-2 district by the range of use types allowed: C-3 permits more intensive, more auto-oriented commercial use types than does C- 2. PART 2 | BASE ZONING DISTRICTS
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,633.73 ac
Source
Article 1
Building & site characteristics
From public records
Heating
NONE
Lot
0.24 ac
Current owner
From public records · entity-resolved
Graf Enterprises LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1112 5TH AVE, ROCKFORD, IL 61104-3125
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2023
$501,000
Graf Enterprises LLC
Guardian Rockford LLC
Quit Claim Deed
related
—
Jul 6, 2018
—
Guardian Rockford LLC
Graf Ents LLC
Quit Claim Deed
related
—
Apr 26, 2000
—
Robert A Swaab
Dietmeier,timothy A
Grant Deed
$115,000 · Amcore Bank
—
—
Robert Swaab
—
Deed Of Trust
related
$150,000 · Amcore Bank
—
—
Mary M Swaab
—
Deed Of Trust
related
$50,000 · Rockford Local Development
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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