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Property profile & analytics
OFF-MARKET
Office Spaces
1330 State St, Rockford, IL 61104-2251
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-5708304
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1961
Construction
STEEL FRAME
Total area
5,888 SF
Lot
0.41 ac (17,860 SF)
Zoning code
C1
APN
11-24-356-033
UPID
US28-5708304
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
-
Healing The Brokenhearted Outreach Ministry Church
-
Pro Se In Rockford Il Law Firm
-
New Start Rehablitation Center Addiction Treatment Center Rehabilitation Center
-
J M Robertson LLC Law Firm
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
Rose Property Partners LLC · 4 yrs held
Rose Property Partners LLC
since 2022
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
C1 · 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
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
Assessed value
$85,394
Assessed 2023
Previous assessed
$63,516
+34.4% YoY
Assessed land
$25,511
Assessed improvement
$59,883
Land market value
$76,533
Improvement market value
$179,649
Total market value
$256,182
Applied tax rate
223.0000
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
Off-Market
Year built
1961
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Total area
5,888 SF
Lot
0.41 ac (17,860 SF)
Zoning code
C1
APN
11-24-356-033
UPID
US28-5708304
Jurisdiction
WINNEBAGO
Zoning & alternative use
C1 · Rockford, IL
Zoning C1 · permitted uses
C1 · 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
1961
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Rose Property Partners LLC
Entity
Mailing address
414 W FRONTAGE RD, NORTHFIELD, IL 60093-3010
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2022
$550,000
Rose Property Partners LLC
Nk & Ai LLC
Warranty Deed
$325,000 · Wintrust Bank
Apr 25, 2006
$225,000
Nk & A I LLC
Opperman,robert W
Warranty Deed
$184,000 · Fifth Third Bank
—
—
Nk & A I LLC
—
Deed Of Trust
related
$252,633 · Blackhawk State Bank
—
—
Bank Of Illinois Ttee
—
Deed Of Trust
related
$97,391 · Bank One Illinois NA
—
—
Bank One Trustee
—
Deed Of Trust
related
$176,076 · Alpine Bank Illinois
—
—
Nk & A I LLC
—
Deed Of Trust
related
$210,000 · Blackhawk State Bank
—
—
Nk & A I LLC
—
Deed Of Trust
related
$20,825 · Blackhawk State Bank
—
—
Susan L Turner
—
Deed Of Trust
related
$120,000 · Bank One NA
—
—
Bank One Rockford Trustee
—
Deed Of Trust
related
$12,095 · Alpine Bank Illinois
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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