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    4359 Bell School Rd Loves Park, IL 61111
    Property profile & analytics

    4359 Bell School Rd, Loves Park, IL 61111

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    • Commercial real estate
    • 2.30 lot acres
    Off-Market
    Property ID
    US28-4990468
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4359 Bell School Rd

    Lot size
    2.30 lot acres
    Property type
    Commercial real estate

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 15, 2024 — Ambassador Homes LLC Ac Johnston Real Estate Investments Special Warranty Deed $221k · Holcomb State Bank
    Jan 29, 2024 — Ac Johnston Real Estate Investment Dyn Commercial Holdings LLC Quitclaim Deed · related —

    Description

    This exceptional 2.3-acre commercial and industrial land parcel presents a compelling investment opportunity in Loves Park, Illinois. Strategically located at 4359 N Bell School Rd, this shovel-ready site boasts unparalleled access to I-90 via a full interchange, significantly reducing transportation costs and improving logistics. The property is situated within the Gateway Business Park and benefits from industrial zoning, streamlining the development process. A significant advantage is the 0% municipal property tax rate, substantially reducing operating expenses. Further enhancing its appeal is the participation in an Enterprise Zone Partnership, offering sales tax forgiveness on fixed materials used in new construction. The city's business-friendly approach ensures an expedited permitting and inspection process, minimizing delays and maximizing efficiency. This prime location offers convenient access to a major Midwest transportation hub and is minutes away from one of the world's fastest-growing cargo airports. The land is priced at $2.50 per square foot, representing a highly competitive value for this exceptional location and its associated benefits. This property is ideal for businesses seeking a strategic location with significant cost savings and streamlined development. The address is 4359 N Bell School Rd, Loves Park, IL 61111, within Winnebago County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Loves Park
    County
    Winnebago
    State
    Illinois
    Longitude
    -88.969761
    Latitude
    42.325296

    Comparable in this City

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      7,070 SF

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      Land For Sale

      Land available for sale in Loves Park, Illinois.
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      100,000 SF

      Land For Sale

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      Commercial Land with Riverside Frontage

      Vacant commercial lot with frontage and income potential.
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    Similar Nearby for Sale

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      5,870 SF

      Spacious Building with Extra Lot

      5,870 SF building with an extra lot included.
      234 River Park Rd, Loves Park, IL 61111
      View Details
    • Contact for pricing
      7,070 SF

      Divisible Flex Space For Sale

      Divisible flex space with overhead doors and separate utilities.
      1517 Windsor Rd, Loves Park, IL 61111
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      Pending

      Land For Sale

      Land available for sale in Loves Park, Illinois.
      East Riverside Blvd, Loves Park, IL 61111
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      100,000 SF

      Land For Sale

      Land available for sale.
      East Riverside Blvd, Loves Park, IL 61111
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      Commercial Land with Riverside Frontage

      Vacant commercial lot with frontage and income potential.
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    Similar Nearby for Lease

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      Loves Park Industrial Property

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      1,500 SF

      Loves Park Industrial Space

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      Loves Park Industrial Land Lease

      5-33.3 acres available for lease or build-to-suit.
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      Commercial Land for Lease

      Commercial land available for lease, ground lease, or build-to-suit.
      9572 Forest Hills Rd, Loves Park, IL 61111
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      Commercial Land for Lease

      Commercial land available for lease in new development.
      9572 Forest Hills Rd, Machesney Park, IL 61111
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      Land Lease Opportunity

      Land available for lease, ground lease, or build to suit.
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    4359 Bell School Rd
    Loves Park, IL 61111
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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.

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