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Property profile & analytics
OFF-MARKET
Industrial properties
1607 Fulton Ave, Rockford, IL 61103-3973
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US28-0542968
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1968
Construction
STEEL FRAME
Total area
13,481 SF
Lot
0.55 ac (23,958 SF)
Zoning code
I1
APN
11-11-453-014
UPID
US28-0542968
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
-
Soap Center Inc Grocery & Convenience Store Food Market
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
Ben J Hales · 24 yrs held
Ben J Hales
since 2001
7 recorded transactions
Zoning & alternative use
I1 · 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
Tax billed
$7,627
Tax year 2023
Assessed value
$73,451
Assessed 2023
Previous assessed
$65,652
+11.9% YoY
Effective rate
10.38%
On assessed value
Assessed land
$8,291
Assessed improvement
$65,160
Land market value
$24,873
Improvement market value
$195,480
Total market value
$220,353
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
1968
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
13,481 SF
Lot
0.55 ac (23,958 SF)
Zoning code
I1
APN
11-11-453-014
UPID
US28-0542968
Jurisdiction
WINNEBAGO
Zoning & alternative use
I1 · Rockford, IL
Zoning I1 · permitted uses
I1 · 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
1968
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Ben J Hales
Individual
Mailing address
1607 FULTON AVE, ROCKFORD, IL 61103-3973
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2001
$170,000
Ben J Hales
Tlc Properties INC
Grant Deed
$200,000 · Amcore Bank
Jan 27, 1998
$195,000
Tlc Properties INC
Ragan Outdoor Advertising Co
Trustees Deed
—
Jan 27, 1998
—
Ragan Outdoor Advertising Co
Lewis,richard W & Diane E
Trustees Deed
related
—
—
—
Ben Hales JR.
—
Deed Of Trust
related
$142,000 · J P Morgan Chase Bank
—
—
Richard W Lewis
—
Deed Of Trust
related
$72,534 · Alpine Bank Illinois
—
—
Ben J Hales
—
Deed Of Trust
related
$198,543 · Bank One NA
—
—
Ben J Hales JR.
—
Deed Of Trust
related
$60,000 · J P Morgan Chase Bank
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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