Technical
Financial
Distress signals
Property profile

3458 Morreim Dr Belvidere, IL 61008

OFF-MARKET
Industrial properties
Property ID
US28-4345915
100,000 SF 7.9 ac lot Built 2003
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2003
Total area 100,000 SF
Lot 7.9 ac (344,128 SF)
APN 05-33-400-031
UPID US28-4345915

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3458 Morreim Dr Belvidere, IL 61008-6308
Belvidere metro Census 10400 ROCKFORD, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.57M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.74M
Blend (final) Blend
$5.31M

Owner & transaction history

since 2023
Last sale
$5.2M
7 recorded transactions
2023
$5.2M
2015
$5.9M
2014
$4.4M
2005
$300,000
2005
Price N/A
2005
$300,000
2005
$328,500

Zoning & alternative use

Top alternative use upside
Commercial (general) $8.3M +85.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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