New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,560,000
Industrial land
5127 28th Ave Rockford, IL 61109-1720
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-3401555
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
1.13 ac (49,223 SF)
Zoning code
I1
APN
16-04-152-006
UPID
US28-3401555
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
-
Interceptors Direct Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.56M
Owner & transaction history
Blue Pebble LLC · 3 yrs held
Blue Pebble LLC
since 2023
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
I1 · Rockford, 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 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
Method
Estimation
Statistic approach
$1,775,000
ML approach
$1,670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.56M
Range $1.40M – $1.72M · ±10% · vs last sale $1.40M (Mar 16 2023)
Last sale anchor
$1.40M
Mar 16 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
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
$26,442
Assessed 2023
Previous assessed
$24,910
+6.2% YoY
Assessed land
$26,442
Land market value
$79,326
Total market value
$79,326
Applied tax rate
127.0000
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
1.13 ac (49,223 SF)
Zoning code
I1
APN
16-04-152-006
UPID
US28-3401555
Jurisdiction
WINNEBAGO
Zoning & alternative use
I1 · Rockford, IL
Zoning I1 · permitted uses
I1 · Rockford, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1.13 ac
Current owner
From public records · entity-resolved
Blue Pebble LLC
Entity
Mailing address
405 E 13TH ST, WINAMAC, IN 46996-1119
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2023
$1,400,000
Blue Pebble LLC
Grease House LLC
Warranty Deed
$1,050,000 · Htlf Bank
Jul 22, 2019
$750,000
Grease House LLC
5159 28th Ave LLC
Warranty Deed
$600,000 · Blackhawk Bk
Dec 20, 2016
—
5159 28th Ave LLC
Mott Merritt J Trust
Grant Deed
related
—
Apr 7, 2015
—
Mott,thomas E|mott,merritt J Trust
Tomermo Ptshp
Warranty Deed
related
—
Apr 7, 2015
$335,000
Mott,merritt J Trust
Mott Thomas E
Warranty Deed
related
$375,251 · Blackhawk Bk
Feb 20, 1998
—
Tomero Partnership
Chicago Trust Co Trustee
Quit Claim Deed
related
—
Feb 17, 1998
—
Tomermo
—
Deed Of Trust
related
$1,075,000 · Amcore Bank NA Rockford
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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