Property profile

4350 Morsay Dr Rockford, IL 61107

OFF-MARKET
Office Spaces
Property ID
US28-0535936
3,405 SF Built 1987
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1987
Construction WOOD
Total area 3,405 SF
Zoning code C2
APN 12-20-379-006
UPID US28-0535936

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
  • Physician
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Alternative Medicine Practice

Location

4350 Morsay Dr Rockford, IL 61107-4877
Rockford metro Census 600 ROCKFORD, IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2018
7 recorded transactions
2022
Price N/A
2018
$125,000
2018
$302,040
2009
$625,000
2001
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C2 · Rockford, IL
Zoning description

21-001-C. C-2, LIMITED COMMERCIAL DISTRICT 1. The purpose of the C-2, Limited Commercial district is to provide a wide range of development options for the retail sale of goods and for professional and commercial service…

General category COMMERCIAL

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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