Add Listing
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

    318 4th Ave Rochelle, IL 61068-1617

    • Commercial real estate
    • 8,976 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-3106730
    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

    • Vfw post 3878 / Restaurant
    • Veterans of Foreign Wars / Advocacy Group / Social Service Agency

    Property Details for 318 4th Ave

    Year built
    1940
    Property size
    8,976 SF
    Property type
    Commercial real estate
    APN
    24-24-379-014
    APU
    2424379014

    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
    Rochelle
    County
    Ogle
    State
    Illinois
    Longitude
    -89.0645
    Latitude
    41.9226
    CBSA code
    40300
    CBSA name
    ROCHELLE, IL MICROPOLITAN 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
    2022
    $2,022
    $17,454
    $74,209
    $91,663
    -
    $52,362
    $222,627
    $274,989

    Comparable in this City

    • Value Estimation by Request

      Rochelle, IL 61068

      COMMERCIAL (GENERAL)
      Rochelle, IL 61068
      View Details
    • Value Estimation by Request
      0.19 Acres

      703 Lincoln Ave

      COMMERCIAL (GENERAL) • 0.19 Acres
      703 Lincoln Ave, Rochelle, IL 61068-1867
      View Details
    • Value Estimation by Request

      206 Linn St

      COMMERCIAL (GENERAL)
      206 Linn St, Kings, IL 61068-4511
      View Details
    • Value Estimation by Request

      829 Ranger Rd

      COMMERCIAL (GENERAL)
      829 Ranger Rd, Rochelle, IL 61068
      View Details
    • Value Estimation by Request
      5,500 SF

      Rochelle, IL 61068

      COMMERCIAL (GENERAL) • 5,500 SF
      Rochelle, IL 61068
      View Details
    • Value Estimation by Request
      3,498 SF

      101 7th St

      COMMERCIAL (GENERAL) • 3,498 SF
      101 7th St, Rochelle, IL 61068-1834
      View Details

    Similar Nearby for Sale

    • $325,000
      2,000 SF

      Prime Rochelle Medical Office Building

      High-yield investment, established tenant.
      1219 Currency Ct, Rochelle, IL 61068
      View Details
    • Contact for pricing
      11,500 SF

      Former Seed Research Center

      11,500 SF former seed research center with greenhouses.
      600 N 15Th St, Rochelle, IL 61068
      View Details
    • Contact for pricing

      Industrial Land Ready for Development

      65 acres of industrial land with rail access.
      Sec Ritchie Rd. & Steward Rd, Rochelle, IL 61068
      View Details
    • Contact for pricing

      Free-Standing Commercial Building in Rochelle

      1,682 SF commercial building in active Rochelle corridor.
      901 S 7Th Ave, Rochelle, IL 61068
      View Details
    • $442,000
      4,050 SF

      Rochelle Office Building For Sale

      All brick office building with great access and visibility.
      1211 Currency Ct, Rochelle, IL 61068
      View Details
    • $1,000,000
      15,750 SF

      Rochelle Industrial Property - $1M

      Prime Rochelle location, 15,750 sq ft, 4.23 acres.
      770 Wiscold Dr, Rochelle, IL 61068
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Property in Rochelle, Illinois

      Retail property available for lease in Rochelle, Illinois.
      1221 North Caron Rd, Rochelle, IL 61068
      View Details
    • Contact for pricing
      51,750 SF

      Rochelle Industrial Warehouse Space Available

      24,800 SF industrial warehouse with loading bays and office space.
      147 2Nd Ave, Rochelle, IL 61068
      View Details
    • Contact for pricing

      Prime Retail Space in Rochelle

      Exceptional leasing opportunity in high-traffic Rochelle location.
      497 Il-38, Rochelle, IL 61068
      View Details
    • Contact for pricing

      Rochelle Industrial/Distribution Land For Lease

      Land available for lease in Rochelle, Illinois.
      Sec Steward Rd & Ritchie Rd Rd, Rochelle, IL 61068
      View Details
    • Contact for pricing

      High-Visibility Retail Center Space

      Retail, service, medical, and fitness spaces available for lease.
      144 May Mart Dr, Rochelle, IL 61068
      View Details
    • Contact for pricing
      23,780 SF

      Rochelle Industrial Warehouse with Parking

      24,600 SF industrial space with secure trailer parking.
      161 2Nd Ave, Rochelle, IL 61068
      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.
    318 4th Ave
    Rochelle, IL 61068-1617
    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!