Property profile

433 Phelps Ave Rockford, IL 61108

OFF-MARKET
Office Spaces
Property ID
US28-1589197
4,560 SF 0.31 ac lot Built 1988
Entity Owned 6-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1988
Construction WOOD
Total area 4,560 SF
Lot 0.31 ac (13,504 SF)
Zoning code R3
APN 12-28-204-034
UPID US28-1589197

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Medical Clinic
  • Employment Agency
  • Employment Agency
  • Hair Salon Nail Salon
  • Spa & Massage Center Alternative Medicine Practice

Location

433 Phelps Ave Rockford, IL 61108-2442
Rockford metro Census 502 ROCKFORD, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2019
2 recorded transactions
2019
$149,900
1969
Price N/A

Zoning & alternative use

R3 · Rockford, IL
Zoning description

R-3 Multifamily Residential R-4 Multifamily Residential 20-003 NAMES AND MAP SYMBOLS The “R” district names and map symbols are intended to provide a general indication of what is allowed in the district, with the “R” de…

General category RESIDENTIAL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 433 Phelps Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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