Property profile

5411 State St Rockford, IL 61108

OFF-MARKET
Office Spaces
Property ID
US28-1792425
60,000 SF 3.47 ac lot Built 1986
Entity Owned 26-yr Hold Free & Clear
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1986
Construction STEEL FRAME
Total area 60,000 SF
Lot 3.47 ac (151,153 SF)
Zoning code C2
APN 12-28-127-004
UPID US28-1792425

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
  • Medical Laboratory
  • Dental Office
  • Electronics & Wireless Store
  • Telecommunications Service
  • Home Decor Store (Bike/Boat/Book/etc) Store

Location

5411 State St Rockford, IL 61108-2907
Rockford metro Census 502 ROCKFORD, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.44M
Blend (final) Blend
$605k

Owner & transaction history

since 2000
3 recorded transactions
2003
Price N/A
2000
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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