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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    340 Riverside Blvd Loves Park, IL 61111-8418

    • Commercial real estate
    • 5,250 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-0061489
    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

    • A1 Dry Cleaners & Laundry / (Bike/Boat/Book/etc) Store
    • Mr Clean Drive In Cleaners Inc / (Bike/Boat/Book/etc) Store
    • Jamie Weisse, LMT / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 340 Riverside Blvd

    Year built
    1980
    Construction
    WOOD
    Lot size
    0.46 lot acres
    Property size
    5,250 SF
    Zone code
    CR
    Property type
    Commercial real estate
    APN
    11-01-427-036
    APU
    1101427036

    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
    Loves Park
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.0606
    Latitude
    42.3164
    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
    $7,598
    $32,710
    $51,436
    $84,146
    -
    $98,130
    $154,308
    $252,438

    Comparable in this City

    • Value Estimation by Request
      0.71 Acres

      Riverside Blvd & Joesten Dr

      Land • 0.71 Acres
      0 Riverside Blvd & Joesten Dr, Loves Park, IL 61111
      View Details
    • Value Estimation by Request

      7319 Alpine Rd

      COMMERCIAL (GENERAL)
      7319 Alpine Rd, Loves Park, IL 61111-3901
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    • Value Estimation by Request
      8,456 SF

      5677 Jensen Dr

      COMMERCIAL (GENERAL) • 8,456 SF
      5677 Jensen Dr, Loves Park, IL 61111-4621
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      1,681 SF

      Lillian Ct

      COMMERCIAL (GENERAL) • 1,681 SF
      Lillian Ct, Loves Park, IL 61111
      View Details
    • Value Estimation by Request
      6,050 SF

      425 Loves Ct

      COMMERCIAL (GENERAL) • 6,050 SF
      425 Loves Ct, Loves Park, IL 61111
      View Details
    • Value Estimation
      $8,095,000
      136,775 SF

      7300 Riverside Blvd

      COMMERCIAL (GENERAL) • 136,775 SF
      7300 Riverside Blvd, Loves Park, IL 61111-5628
      View Details

    Similar Nearby for Sale

    • $1,749,352
      15,592 SF

      Loves Park Retail Investment Opportunity

      90.75% occupied retail plaza with upside potential.
      6246 E Riverside Blvd, Loves Park, IL 61111
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Loves Park, Illinois.
      East Riverside Blvd, Loves Park, IL 61111
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    • $125,000
      Pending

      Loves Park Duplex Opportunity

      Duplex in Loves Park, perfect for investment or multi-family living.
      921 River Park Rd, Loves Park, IL 61111
      View Details
    • Contact for pricing

      Land with Windsor Lake Views

      Ready-to-build land lot with desirable location and lake views.
      Windsor Rd, Loves Park, IL 61111
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      Commercial Land Ready for Development

      0.92 acres of commercial land available for development.
      7280 East Riverside Blvd, Loves Park, IL 61111
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      25,763 SF

      Move-in Ready Office Property

      Highly visible office property in Loves Park, Illinois.
      5642 N 2Nd St, Loves Park, IL 61111
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Center in Loves Park

      Retail center with high visibility and convenient access.
      7921 N Alpine Rd, Loves Park, IL 61111
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    • Contact for pricing
      900 SF

      Office Space in Loves Park

      Office spaces for lease, ideal for various business needs.
      1752 Windsor Rd, Loves Park, IL 61111
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    • Contact for pricing
      2,414 SF

      Retail Space in Renovated Center

      Retail space with abundant parking and easy road access.
      6307-6499 N 2Nd St, Loves Park, IL 61111
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    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available for rent, 1,858 SqFt.
      5349 N 2Nd St, Loves Park, IL 61111
      View Details
    • Contact for pricing

      Move-in Ready Office Property

      Office property for rent in Loves Park, Illinois.
      5642 N 2Nd St, Loves Park, IL 61111
      View Details
    • Contact for pricing
      1,081 SF

      Office Spaces For Lease

      Office spaces available for lease with short-term options.
      1820 Windsor Rd, Loves Park, IL 61111
      View Details

    Property Visit Statistics

    • Visits by month
      8.9k
    • Visitors by month
      7.2k
    • Avg Time on site
      16 min
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    340 Riverside Blvd
    Loves Park, IL 61111-8418
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    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
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