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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Office Spaces
2004 Riverside Blvd, Loves Park, IL 61111-4856
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-0523399
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2004
Construction
WOOD
Total area
6,608 SF
Lot
0.96 ac (41,818 SF)
Zoning code
CR
APN
12-05-276-035
UPID
US28-0523399
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
-
Gentle Family Dentistry Dental Office
-
Pilates by Frankie, Rockford IL Gym & Fitness Center
-
Dr. Scott Cater Alternative Medicine Practice
-
Dr. Phil Herlihey Dental Office
-
Dr. Mohamad Alkassir Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$839k
Blend (final)
Blend
$875k
Owner & transaction history
Elite Estate Management LLC · 4 yrs held
Elite Estate Management LLC
since 2022
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
CR · Loves Park, 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 Loves Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Loves Park 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
$670,000
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
$990,000
6.5%
$910,000
7%
$845,000
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $950k (May 31 2022)
Last sale anchor
$950k
May 31 2022
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
$132 / 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
Assessed value
$227,093
Assessed 2023
Previous assessed
$135,245
+67.9% YoY
Assessed land
$56,046
Assessed improvement
$171,047
Land market value
$168,138
Improvement market value
$513,141
Total market value
$681,279
Applied tax rate
2.0000
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
2004
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Total area
6,608 SF
Lot
0.96 ac (41,818 SF)
Zoning code
CR
APN
12-05-276-035
UPID
US28-0523399
Jurisdiction
WINNEBAGO
Zoning & alternative use
CR · Loves Park, IL
Zoning CR · permitted uses
CR · Loves Park, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Loves Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Elite Estate Management LLC
Entity
Mailing address
2004 E RIVERSIDE BLVD, LOVES PARK, IL 61111-4856
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2023
—
Elite Estate Management LLC
—
Deed
related
$841,500 · Provide INC
May 31, 2022
$950,000
Elite Estate Management LLC
Prairie Hill Development LLC
Warranty Deed
$981,000 · Huntington National Bank
Nov 5, 2019
—
Prairie Hill Dev LLC
—
Deed
related
$486,000 · Jp Morgan Chase Bk
Nov 10, 2014
—
Prairie Hill Dev LLC
Herlihey,phillip & Maureen
Grant Deed
related
—
Feb 18, 2004
—
Phillip Herlihey
—
Trustees Deed
related
$675,000 · First National Bank
Dec 31, 2002
$100,000
Phillip-maureen Herlihey
Heyer,tr
Grant Deed
—
—
—
Phillip Herlihey
—
Deed Of Trust
related
$540,889 · J P Morgan Chase Bank
—
—
Prairie Hill Dev LLC
—
Deed Of Trust
related
$486,000 · Jp Morgan Chase Bk
—
—
Phillip J Herlihey
—
Deed Of Trust
related
$813,500 · Aztecamerica Bank
—
—
Phillip Herlihey
—
Deed Of Trust
related
$344,000 · First National Bank
—
—
Phillip J Herlihey
—
Deed Of Trust
related
$75,000 · First National Bank
—
—
Phillip J Herlihey
—
Deed Of Trust
related
$80,000 · First National Bank & Trust
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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