Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2611 Broadway Rockford, IL 61108-5754
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2611 Broadway Rockford, IL 61108-5754

    View on Map
    • Commercial real estate
    • 3,554 SF
    Off-Market
    Last Sale Jan 25, 2023
    $25,000
    Property ID
    US28-0097150
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2611 Broadway

    Year built
    1949
    Construction
    WOOD
    Property size
    3,554 SF
    Zone code
    C2
    Property type
    Commercial real estate
    APN
    12-31-105-002
    APU
    1231105002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.0542
    Latitude
    42.2523
    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
    $1,605
    $8,524
    $6,930
    $15,454
    -
    $25,572
    $20,790
    $46,362

    Comparable in this City

    • Value Estimation by Request

      4806 Javelin Dr

      Commercial real estate
      4806 Javelin Dr, Rockford, IL 61108
      View Details
    • Value Estimation by Request
      2,488 SF

      4430 Charles St

      COMMERCIAL (GENERAL) • 2,488 SF
      4430 Charles St, Rockford, IL 61108-6257
      View Details
    • Value Estimation by Request
      7,150 SF

      2629 Charles St

      COMMERCIAL (GENERAL) • 7,150 SF
      2629 Charles St, Rockford, IL 61108-1608
      View Details
    • Value Estimation
      $1,090,000
      40,053 SF

      1030 White Chapel Ln

      COMMERCIAL (GENERAL) • 40,053 SF
      1030 White Chapel Ln, Rockford, IL 61108
      View Details
    • Value Estimation
      $575,000
      6,048 SF

      4242 Harrison Ave

      COMMERCIAL (GENERAL) • 6,048 SF
      4242 Harrison Ave, Rockford, IL 61108-8326
      View Details
    • Value Estimation by Request
      4.23 Acres

      980 Highgrove Pl

      Land • 4.23 Acres
      980 Highgrove Pl, Rockford, IL 61108
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Rockford Commercial Land For Sale

      Prime investment opportunity in a bustling Rockford shopping district.
      3809 E State St, Rockford, IL 61108
      View Details
    • Contact for pricing
      41,618 SF

      Retail Property Near Major Retailers

      Retail property in close proximity to major retailers.
      7340 E State St, Rockford, IL 61108
      View Details
    • $195,000
      Pending

      All-Brick Duplex with In-Law Suite

      Side-by-side duplex with in-law suite potential, sold as-is.
      2221 Denver Dr, Rockford, IL 61108
      View Details
    • Contact for pricing
      16,722 SF

      Rockford Retail or Office Space

      20,500 SF retail or office space in Rockford, IL.
      4401 Charles St, Rockford, IL 61108
      View Details
    • Contact for pricing
      0.22 Acres

      Buildable Lot in Rockford, IL

      Buildable lot with city water and sewer in Rockford.
      735 Easton Pkwy, Rockford, IL 61108
      View Details
    • Contact for pricing
      6,600 SF

      Five-Unit Multifamily Property in Rockford

      Fully occupied five-unit residential property with immediate cash flow.
      3420 Harrison Ave, Rockford, IL 61108
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Building Near Rockford University

      Two-tenant building with high visibility and traffic.
      5011 E State St, Rockford, IL 61108
      View Details
    • Contact for pricing
      16,632 SF

      Class-A Office Space Available

      Professional office spaces available in high-traffic, central location.
      6000 State St E, Rockford, IL 61108
      View Details
    • $10 SF/Yr
      9,200 SF

      Broadway Retail/Office Space Available

      9,200 SF retail/office space with high visibility and parking.
      3929 Broadway, Rockford, IL 61108
      View Details
    • Contact for pricing

      Retail Spaces in Prime Location

      Retail spaces for lease in Rockford's strongest retail area.
      6260-6380 E State St, Rockford, IL 61108
      View Details
    • Contact for pricing

      Remodeled Open Space for Lease

      Newly remodeled 3,600 SF space suitable for retail or office.
      4312 East State St, Rockford, IL 61108
      View Details
    • $11 SF/Yr

      Rockford East Side Retail Center

      Retail and office spaces available in established Rockford shopping center.
      3600 East State St, Rockford, IL 61108
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2611 Broadway
    Rockford, IL 61108-5754
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!