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    Property profile & analytics

    2189 Windsor Rd Loves Park, IL 61111-3964

    • Industrial properties
    • 1,863 SF
    • 0.19 lot acres
    OFF-MARKET
    Last Sale
    Aug 09, 2021
    $170,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2150622
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Top Dollar Slots Windsor / Bar & Pub / Restaurant

    Property Details for 2189 Windsor Rd

    Year built
    1980
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Property size
    1,863 SF
    Zone code
    CR
    Property type
    Industrial properties
    APN
    12-05-202-016
    APU
    1205202016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Loves Park
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.0243
    Latitude
    42.3252
    CBSA code
    40420
    CBSA name
    ROCKFORD, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,972
    $3,786
    $18,056
    $21,842
    -
    $11,358
    $54,168
    $65,526

    Comparable in this City

    • Value Estimation by Request

      4704 Interstate Blvd

      INDUSTRIAL (GENERAL)
      4704 Interstate Blvd, Loves Park, IL 61111-5705
      View Details
    • Value Estimation
      $9,135,000
      676,780 SF

      5500 Frst Hls Rd

      INDUSTRIAL (GENERAL) • 676,780 SF
      5500 Frst Hls Rd, Loves Park, IL 61111-5213
      View Details
    • Value Estimation by Request
      2,520 SF

      7016 Frst Hls Rd

      INDUSTRIAL (GENERAL) • 2,520 SF
      7016 Frst Hls Rd, Loves Park, IL 61111-4371
      View Details
    • Value Estimation by Request
      2,100 SF

      7979 Frst Hls Rd

      INDUSTRIAL (GENERAL) • 2,100 SF
      7979 Frst Hls Rd, Loves Park, IL 61111-3397
      View Details
    • Value Estimation by Request
      6,912 SF

      507 Beacon St

      INDUSTRIAL (GENERAL) • 6,912 SF
      507 Beacon St, Loves Park, IL 61111
      View Details
    • Value Estimation by Request
      7,350 SF

      7th Beacon St

      INDUSTRIAL (GENERAL) • 7,350 SF
      7th Beacon St, Loves Park, IL 61111
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale in Loves Park, Illinois.
      East Riverside Blvd, Loves Park, IL 61111
      View Details
    • $1,749,352
      15,592 SF

      Loves Park Retail Investment Opportunity

      90.75% occupied retail plaza with upside potential.
      6246 E Riverside Blvd, Loves Park, IL 61111
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      East Riverside Blvd, Loves Park, IL 61111
      View Details
    • Contact for pricing

      Land with Lake View

      Land with a view of Windsor Lake.
      N Alpine Rd, Loves Park, IL 61111
      View Details
    • $110,000

      Land with Windsor Lake Views

      Ready-to-build lot with desirable location and lake views.
      Windsor Rd, Loves Park, IL 61111
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Loves Park Industrial Space

      Small industrial space available September 1, 2025 in Loves Park.
      6924-6930 Forest Hills Rd, Loves Park, IL 61111
      View Details
    • Contact for pricing

      Industrial Space Near I-90

      2,800 SF warehouse with office near I-90 interchange.
      4923 Contractors Dr, Loves Park, IL 61111
      View Details
    • Contact for pricing

      Retail Center in Loves Park

      Retail center with high visibility and convenient access.
      7921 N Alpine Rd, Loves Park, IL 61111
      View Details
    • Contact for pricing
      900 SF

      Office Space in Loves Park

      Office spaces for lease, ideal for various business needs.
      1752 Windsor Rd, Loves Park, IL 61111
      View Details
    • Contact for pricing
      2,414 SF

      Retail Space in Renovated Center

      Retail space with abundant parking and easy road access.
      6307-6499 N 2Nd St, Loves Park, IL 61111
      View Details
    • Contact for pricing

      Loves Park Industrial Land Lease

      5-33.3 acres available for lease or build-to-suit.
      90/I-39 East Riverside Blvd, Loves Park, IL 61111
      View Details
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    2189 Windsor Rd
    Loves Park, IL 61111-3964
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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