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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office Spaces
2447 Central Ave Rockford, IL 61101-2351
Entity Owned
15-yr Hold
Free & Clear
Property ID
US28-0084498
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1973
Construction
STEEL FRAME
Total area
6,050 SF
Lot
0.62 ac (27,007 SF)
Zoning code
I1
APN
11-10-302-001
UPID
US28-0084498
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
$567k
Blend (final)
Blend
$625k
Owner & transaction history
Ah3 Properties INC · 15 yrs held
Ah3 Properties INC
since 2011
3 recorded transactions
Zoning & alternative use
I1 · Rockford, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
23-002-A. I-1, LIGHT INDUSTRIAL DISTRICT The primary purpose of the I-1, Light Industrial/Business Park district is to accommodate low- impact manufacturing, wholesaling, warehousing, and distribution activities that occur within enclosed buildings. The district is intended to promote new industrial development within a “park like” environment. 23-002-B. I-2…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
3,849.02 ac
Source
Article 1
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
$625k
Range $563k – $688k · ±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
$103 / 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
$7,466
Tax year 2023
Assessed value
$71,901
Assessed 2023
Previous assessed
$64,266
+11.9% YoY
Effective rate
10.38%
On assessed value
Assessed land
$14,972
Assessed improvement
$56,929
Land market value
$44,916
Improvement market value
$170,787
Total market value
$215,703
Applied tax rate
1.0000
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
1973
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Total area
6,050 SF
Lot
0.62 ac (27,007 SF)
Zoning code
I1
APN
11-10-302-001
UPID
US28-0084498
Jurisdiction
WINNEBAGO
Zoning & alternative use
I1 · Rockford, ILZoning I1 · permitted uses
I1 · Rockford, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
23-002-A. I-1, LIGHT INDUSTRIAL DISTRICT The primary purpose of the I-1, Light Industrial/Business Park district is to accommodate low- impact manufacturing, wholesaling, warehousing, and distribution activities that occur within enclosed buildings. The district is intended to promote new industrial development within a “park like” environment. 23-002-B. I-2, GENERAL INDUSTRIAL DISTRICT The primary purpose of the I-2, General Industrial district is to accommodate moderate- impact manufacturing, wholesaling, warehousing, and distribution uses, including storage and
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
3,849.02 ac
Source
Article 1
Building & site characteristics
From public records
Year built
1973
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Ah3 Properties INC
Entity
Free & Clear · 15 yrs held
Mailing address
5029 AMERICAN RD, ROCKFORD, IL 61109-6308
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2011
—
Ah3 Properties INC
Hall,jack
Quit Claim Deed
related
—
Jan 25, 2007
$129,000
Jack H Hall
Testing Engineers INC
Warranty Deed
$107,000 · Riverside Community Bank
—
—
Ah3 Properties INC
—
Deed Of Trust
related
$115,323 · Blackhawk Bk
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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