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Property profile & analytics
OFF-MARKET
Office Spaces
321 4th St, Rockford, IL 61107-4018
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US28-1663352
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1961
Construction
WOOD
Total area
4,793 SF
Lot
0.25 ac (10,890 SF)
Zoning code
C4
APN
11-23-461-002
UPID
US28-1663352
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
Current use
Occupant on record · Public records
-
Noah's Ark Animal Clinic Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Noahs Ark Animal Sanctuary · 8 yrs held
Noahs Ark Animal Sanctuary
since 2018
6 recorded transactions
Zoning & alternative use
C4 · Rockford, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,951
Tax year 2023
Assessed value
$86,208
Assessed 2023
Previous assessed
$77,054
+11.9% YoY
Effective rate
10.38%
On assessed value
Assessed land
$11,542
Assessed improvement
$74,666
Land market value
$34,626
Improvement market value
$223,998
Total market value
$258,624
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
1961
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Total area
4,793 SF
Lot
0.25 ac (10,890 SF)
Zoning code
C4
APN
11-23-461-002
UPID
US28-1663352
Jurisdiction
WINNEBAGO
Zoning & alternative use
C4 · Rockford, IL
Zoning C4 · permitted uses
C4 · Rockford, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Noahs Ark Animal Sanctuary
Individual
Mailing address
ROCKFORD, IL 61108
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2018
$74,900
Noahs Ark Animal Sanctuary
Swenson,john E & Debra L
Warranty Deed
$25,000 · Associated Bk NA
Jan 19, 2006
$277,000
John E Swenson
Hootman Dental Laboratories In
Warranty Deed
—
—
—
Hootman Dental Laboratories In
—
Deed Of Trust
related
$94,450 · Bank One NA
—
—
Hootman Dental Laboratories In
—
Deed Of Trust
related
$250,000 · Bank One Illinois NA
—
—
Hootman Dental Laboratories
—
Deed Of Trust
related
$250,000 · Jurowski Trust
—
—
John E Swenson
—
Deed Of Trust
related
$60,000 · Alpine Bank & Trust Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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