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Property profile & analytics
OFF-MARKET
Apartment buildings
2016 Wilcox Rd, Rockford, IL 61108-7740
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US28-1799526
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1950
Total area
4,876 SF
Lot
0.28 ac (12,197 SF)
Zoning code
R3
APN
12-32-280-005
UPID
US28-1799526
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
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
Heritage Bt Properties LLC · 6 yrs held
Heritage Bt Properties LLC
since 2020
Last sale
$385,000
7 recorded transactions
Zoning & alternative use
R3 · 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
$4,347
Tax year 2023
Assessed value
$49,810
Assessed 2023
Previous assessed
$44,521
+11.9% YoY
Effective rate
8.73%
On assessed value
Assessed land
$7,119
Assessed improvement
$42,691
Land market value
$21,357
Improvement market value
$128,073
Total market value
$149,430
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1950
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
16
Bathrooms
5
Total area
4,876 SF
Lot
0.28 ac (12,197 SF)
Zoning code
R3
APN
12-32-280-005
UPID
US28-1799526
Jurisdiction
WINNEBAGO
Zoning & alternative use
R3 · Rockford, IL
Zoning R3 · permitted uses
R3 · 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
1950
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
16
Bathrooms
5
Lot
0.28 ac
Current owner
From public records · entity-resolved
Heritage Bt Properties LLC
Entity
Mailing address
5169 CROFTON DR, ROCKFORD, IL 61114-5477
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2020
$385,000
Heritage Bt Properties LLC
Dod Real Estate LLC
Warranty Deed
$431,250 · Byron Bk
Jan 6, 2020
—
Dod Real Estate LLC
Bfp Trust-1967
Quit Claim Deed
related
—
Apr 26, 2013
$44,000
Bfp Trust 1967
Phan,loung
Warranty Deed
—
Jan 23, 2007
—
Luong T Phan
—
Trustees Deed
related
$25,000 · Interstate Bank
Aug 27, 2004
$169,900
Luong T Phan
Marion,david
Warranty Deed
$135,920 · Northwest Bank Rockford
Sep 20, 2001
$142,000
David Marion
Link,david A & Helen R
Grant Deed
$120,000 · Northwest Bank Rockford
Aug 10, 1999
$100,000
David A Link
Spitzmiller,larry R
Grant Deed
$70,000 · Individual
Mar 3, 1999
—
Larry R Spitzmiller
Amcore Investment Group NA
Grant Deed
related
—
—
—
Larry Spitzmiller
—
Deed Of Trust
related
$30,000 · Individual
—
—
Luong T Phan
—
Deed Of Trust
related
$300,000 · Interstate Bank
—
—
Phan,loung T
—
Deed Of Trust
related
$60,759 · Northwest Bank Rockford
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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