Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2921 City Vw Dr Rockford, IL 61103-9550

    • Commercial real estate
    • 4,000 SF
    • 1.06 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2075915
    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

    • ATM / Atm / Food Store
    • Scanlan's / Bar & Pub / Restaurant

    Property Details for 2921 City Vw Dr

    Year built
    1999
    Construction
    WOOD
    Lot size
    1.06 lot acres
    Property size
    4,000 SF
    Zone code
    C1
    Property type
    Commercial real estate
    APN
    11-02-301-012
    APU
    1102301012

    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
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.0953
    Latitude
    42.317
    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
    $12,088
    $38,003
    $78,410
    $116,413
    -
    $114,009
    $235,230
    $349,239

    Comparable in this City

    • Value Estimation
      $5,080,000
      243,057 SF

      3627 Main St

      COMMERCIAL (GENERAL) • 243,057 SF
      3627 Main St, Rockford, IL 61103-2117
      View Details
    • Value Estimation by Request
      4,792 SF

      4301 Main St

      COMMERCIAL (GENERAL) • 4,792 SF
      4301 Main St, Rockford, IL 61103-1279
      View Details
    • Value Estimation by Request
      23,556 SF

      519 Jefferson St

      COMMERCIAL (GENERAL) • 23,556 SF
      519 Jefferson St, Rockford, IL 61103-6729
      View Details
    • Value Estimation by Request
      1,066 SF

      718 Auburn St

      COMMERCIAL (GENERAL) • 1,066 SF
      718 Auburn St, Rockford, IL 61103-4713
      View Details
    • Value Estimation by Request
      7,200 SF

      3544 Robey Ave

      COMMERCIAL (GENERAL) • 7,200 SF
      3544 Robey Ave, Rockford, IL 61103
      View Details
    • Value Estimation by Request
      4,602 SF

      111 Rockton Ave

      COMMERCIAL (GENERAL) • 4,602 SF
      111 Rockton Ave, Rockford, IL 61103-6601
      View Details

    Similar Nearby for Sale

    • $599,000
      0.47 Acres

      Rockford Retail Pad - Prime Location

      0.47-acre commercial lot, high traffic area.
      2647 Main St, Rockford, IL 61103
      View Details
    • $134,900

      Rockford Commercial Property Investment

      High-yield rental property, 13 rooms.
      111 Rockton Ave, Rockford, IL 61103
      View Details
    • Contact for pricing
      98,107 SF

      Rockford Multifamily Portfolio: 130 Units

      Historic Rockford apartment complex, 130 units, high occupancy.
      414 Court St, Rockford, IL 61103
      View Details
    • $345,000
      3,350 SF

      Six-Unit Multifamily Investment Opportunity

      Multifamily property with rental potential in Rockford, Illinois.
      909-911 Ridge Ave, Rockford, IL 61103
      View Details
    • $215,000

      ROCKFORD Four-Unit Multifamily Property

      Four-unit building near downtown ROCKFORD, with three units currently leased.
      735 Court St N, Rockford, IL 61103
      View Details
    • $560,000

      Updated Four-Unit Multifamily Property

      Renovated four-unit property with strong rentability in Rockford, Illinois.
      820 Cottage Grove Ave, Rockford, IL 61103
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      7,768 SF

      Rockford Office Space Available

      Prime Downtown Rockford Office: 3,200 sq ft available
      728 Main St, Rockford, IL 61103
      View Details
    • $9 SF/Yr
      6,270 SF

      Retail Space in Busy Center

      6,270 SF retail space in established shopping center.
      3702-3748 N Main St, Rockford, IL 61103
      View Details
    • Contact for pricing
      20,473 SF

      Rockford Retail Pad Site

      Prime 0.47-acre commercial land
      2647 Main St, Rockford, IL 61103
      View Details
    • Contact for pricing
      20,473 SF

      Rockford Retail Pad Site

      Prime Commercial Land, High Traffic
      2647 Main St, Rockford, IL 61103
      View Details
    • Contact for pricing

      Commercial Land For Rent

      Commercial land available for rent with high-visibility frontage.
      2649 N Main St, Rockford, IL 61103
      View Details
    • Contact for pricing
      523,758 SF

      Rockford Industrial/Office Space

      Large Industrial Space Available, Rockford, IL
      4650 Shepherd Trl, Rockford, IL 61103
      View Details

    Property Visit Statistics

    • Visits by month
      36.2k
    • Visitors by month
      14.1k
    • Avg Time on site
      9 min
    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.
    2921 City Vw Dr
    Rockford, IL 61103-9550
    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.