Property profile

1998 Mcfarland Rd Rockford, IL 61107

OFF-MARKET
Commercial real estate
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Property ID
US28-3042629
10,752 SF
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$14k
Tax billed · 2023
Assessed value$131k
Assessed land$48k
Assessed improvement$83k
Effective rate10.38%

Value estimate

· Nov 2026
$240k
$216k – $264k
AI approach$240k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
ZIP average, outlier-cleaned · 43 recorded sales of this use type
Observed band · Q1–Q3$35 – $135
Qualifying comparables14

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C2
The purpose of the C-2, Limited Commercial district is to provide a wide range of development options for the retail sale of goods and fo...
General categoryCOMMERCIAL
JurisdictionWINNEBAGO

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency21.0
Building Supply19.5
Auto Repair Shop19.0

Location

1998 Mcfarland Rd Rockford, IL 61107-6837
County assessor Recorded deeds · 1 transfer 14 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4227 Maray, Rockford, IL 61107-4976 $609,000 Oct 2023 7,500 SF
326 Alpine, Rockford, IL 61107-4986 $640,000 Aug 2023 14,540 SF
301 Madison, Rockford, IL 61107-3925 $400,000 Apr 2023 13,285 SF
1627 Rural, Rockford, IL 61107 $165,000 Nov 2022 7,290 SF
317 Market, Rockford, IL 61107-3943 $460,000 May 2022 11,768 SF
695 Perryville, Rockford, IL 61107-6225 $3,800,000 Dec 2021 13,860 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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