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Property profile & analytics
FOR LEASE
Commercial land
500 42Nd St, Rock Island, IL 61201
Entity Owned
11-yr Hold
Free & Clear
Property ID
US28-1319469
For Lease
1 / 10
$15 SF/Yr
500 42Nd St, Rock Island, IL 61201
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.69 ac (30,056 SF)
Zoning code
RI
APN
08-31-303-010
UPID
US28-1319469
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
-
Partners In Job Training Employment Agency
-
Children & Family Services Social Service Agency Charitable Organization
-
LRC Real Estate Real Estate Agency
-
Illinois Department of Employment Security Unemployment Office
-
American Job Center - Rock Island Employment Agency Tutoring Service
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
Lrc Real Estate INC · 11 yrs held
Lrc Real Estate INC
since 2015
4 recorded transactions
Zoning & alternative use
RI · Rock Island, IL
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 Rock Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rock Island 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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,463
Tax year 2022
Assessed value
$14,103
Assessed 2022
Previous assessed
$13,535
+4.2% YoY
Effective rate
10.37%
On assessed value
Assessed land
$14,103
Land market value
$42,309
Total market value
$42,309
Applied tax rate
9,001.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Heating
NONE
Lot
0.69 ac (30,056 SF)
Zoning code
RI
APN
08-31-303-010
UPID
US28-1319469
Jurisdiction
ROCK ISLAND
Zoning & alternative use
RI · Rock Island, IL
Zoning RI · permitted uses
RI · Rock Island, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rock Island. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.69 ac
Current owner
From public records · entity-resolved
Lrc Real Estate INC
Entity
Free & Clear · 11 yrs held
Mailing address
500 42ND ST STE #2, ROCK ISLAND, IL 61201-2155
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2022
—
Lrc Real Estate INC
—
Deed
related
$245,000 · Senb Bank
Jan 23, 2015
—
Lrc Real Estate INC
City Of Rock Island
Warranty Deed
—
Oct 4, 2010
—
Lrc Real Estate INC
Lrc Developers INC
Quit Claim Deed
related
—
—
—
L R C Developers INC
—
Deed Of Trust
related
$565,000 · Bank One NA
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.
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?”
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