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Property profile & analytics
FOR LEASE
Office Spaces
1848 Daimler Rd, Rockford, IL 61112
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US28-0542930
For Lease
1 / 2
$725,000
1848 Daimler Rd, Rockford, IL 61112
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1992
Construction
WOOD
Total area
6,528 SF
Lot
1.94 ac (84,506 SF)
Zoning code
CC
APN
12-34-278-002
UPID
US28-0542930
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
-
Cherry Valley Medical Clinic Medical Clinic
-
You Are First Physical Therapy Physician
-
Lisa A. Angel, PT Physician
-
Dr. Thomas L. Michalsen, DO Physician
-
Carlson Mark E MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$906k
Blend (final)
Blend
$725k
Owner & transaction history
Mark E Carlson · 14 yrs held
Mark E Carlson
since 2012
7 recorded transactions
Zoning & alternative use
CC · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$725k
Range $653k – $798k · ±10%
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
$111 / 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
$31,006
Tax year 2023
Assessed value
$355,300
Assessed 2023
Previous assessed
$317,572
+11.9% YoY
Effective rate
8.73%
On assessed value
Assessed land
$113,150
Assessed improvement
$242,150
Land market value
$339,450
Improvement market value
$726,450
Total market value
$1,065,900
Applied tax rate
18.0000
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
1992
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Total area
6,528 SF
Lot
1.94 ac (84,506 SF)
Zoning code
CC
APN
12-34-278-002
UPID
US28-0542930
Jurisdiction
WINNEBAGO
Zoning & alternative use
CC · Rockford, IL
Zoning CC · permitted uses
CC · 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
1992
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.94 ac
Current owner
From public records · entity-resolved
Mark E Carlson
Individual
Mailing address
1848 DAIMLER RD, ROCKFORD, IL 61112-1019
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
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
May 11, 2017
—
Mark E Carlson
—
Deed
related
$450,000 · Blackhawk Bk
Feb 22, 2012
—
Mark E Carlson
Trust 7279
Grant Deed
$385,000 · Pnc Bank
Jun 7, 2007
$405,000
Trust 7279
Trust 40-342300
Grant Deed
related
—
—
—
Mark E Carlson
—
Deed Of Trust
related
$100,000 · Pnc Bank
—
—
Mark E Carlson
—
Deed Of Trust
related
$100,000 · Pnc Bank
—
—
Trust 7279
—
Deed Of Trust
related
$481,069 · J P Morgan Chase Bank
—
—
Mark E Carlson
—
Deed Of Trust
related
$450,000 · Blackhawk Bk
—
—
Bank One Trustee
—
Deed Of Trust
related
$794,123 · Bank One 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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