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FOR LEASE
Industrial properties
4650 Shepherd Trl, Rockford, IL 61103
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US28-2289358
For Lease
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Contact for pricing
4650 Shepherd Trl, Rockford, IL 61103
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Property summary
AI-generated overview
This exceptional Rockford, Illinois property, located at 4650 Shepherd Trail, offers a substantial 523,758 square feet of combined office and industrial space. The building, constructed in 1990 and situated on 20.78 acres, features a two-story design with high ceilings ranging from 20 to 26 feet. A significant 171,381 square feet of space is currently vacant and available for lease, with minimum divisible units of 7,017 square feet. The property boasts impressive infrastructure, including 127 dock-high doors, one drive-in door, and ample parking with 249+ surface and trailer spaces. Heavy power is available throughout the building, and elevators are present for convenient access to both floors. The property is zoned UI (Urban Industrial) and UC (Urban Commercial), offering flexibility for various business needs. The property's address is 4650 Shepherd Trail, Rockford, IL 61103, and its APN is 07-36-301-009
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
APN
07-36-301-009
UPID
US28-2289358
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
RFD1- Merch by Amazon Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Phoenix Jcr Rockford Indl Inv · 7 yrs held
Phoenix Jcr Rockford Indl Inv
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rockford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$2,006,476
Assessed 2023
Previous assessed
$1,920,771
+4.5% YoY
Assessed land
$318,980
Assessed improvement
$1,687,496
Land market value
$956,940
Improvement market value
$5,062,488
Total market value
$6,019,428
Applied tax rate
146.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Heating
NONE
APN
07-36-301-009
UPID
US28-2289358
Jurisdiction
WINNEBAGO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Current owner
From public records · entity-resolved
Phoenix Jcr Rockford Indl Inv
Individual
Mailing address
401 E KILBOURN AVE #20, MILWAUKEE, WI 53202-3212
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2019
$5,000
Phoenix Jcr Rockford Indl Inv
Bon-ton Distribution LLC
Quit Claim Deed
related
$5,134,000 · River Vly Bk
Jan 17, 2018
—
Bon-ton Distrubtion LLC
—
Grant Deed
related
$2,000,000,000 · Wells Fargo Bk
May 15, 2017
—
Bon-ton Distribution LLC
—
Deed
related
$625,000,000 · Bank Of America
Sep 6, 2016
—
Bon-ton Distribution LLC
—
Deed
related
$625,000,000 · Bank Of America
Jul 8, 2015
$22,900,000
Bon-ton Distribution LLC
Bonstores Realty One LLC
Quit Claim Deed
related
$625,000,000 · Bank Of America
Mar 20, 2006
—
Saks Distribution Centers INC
Parisian INC
Warranty Deed
$130,000,000 · Bank Of America
Feb 17, 1999
—
Saks Distribution Centers INC
Parisian INC
Grant Deed
related
—
—
—
Bon-ton Distribution LLC
—
Loan Modification
related
$625,000,000 · Bank Of America
—
—
Bon-ton Distribution LLC
—
Loan Modification
related
$625,000,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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