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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6323 Riverside Blvd Rockford, IL 61114-4414

    • Office properties & Spaces
    • 6,044 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-0177919
    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.

    Current Use by Public Records

    • Randall Wealth Management / Financial Advisor
    • Cicero Paul R / Law Firm
    • Alexander Charles P / Law Firm
    • Cicero, France & Alexander, P.C. / Law Firm
    • westbury wealth management - / Financial Advisor

    Property Details for 6323 Riverside Blvd

    Year built
    1993
    Construction
    WOOD
    Property size
    6,044 SF
    Zone code
    C1
    Property type
    Office properties & Spaces
    APN
    12-03-301-041
    APU
    1203301041

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -88.9931
    Latitude
    42.3182
    CBSA code
    40420
    CBSA name
    ROCKFORD, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,408
    $77,692
    $99,589
    $177,281
    -
    $233,076
    $298,767
    $531,843

    Comparable in this City

    • Value Estimation
      $920,000
      8,801 SF

      3963 Perryville Rd

      OFFICE (GENERAL) • 8,801 SF
      3963 Perryville Rd, Rockford, IL 61114-8020
      View Details
    • Value Estimation
      $715,000
      16,025 SF

      2601 Reid Farm Rd

      OFFICE (GENERAL) • 16,025 SF
      2601 Reid Farm Rd, Rockford, IL 61114-6698
      View Details
    • Value Estimation
      $1,590,000
      14,778 SF

      3775 Mulford Rd

      OFFICE (GENERAL) • 14,778 SF
      3775 Mulford Rd, Rockford, IL 61114-5632
      View Details
    • Value Estimation by Request
      7,292 SF

      6703 Weaver Rd Ste, Unit 100

      OFFICE (GENERAL) • 7,292 SF
      6703 Weaver Rd Ste, Rockford, IL 61114-8017
      View Details
    • Value Estimation by Request
      80,000 SF

      6957 Olde Creek Rd

      Individual retail properties • 80,000 SF
      6957 Olde Creek Rd, Rockford, IL 61114
      View Details
    • Value Estimation by Request
      3,060 SF

      5921 Frst Hls Rd

      OFFICE (GENERAL) • 3,060 SF
      5921 Frst Hls Rd, Rockford, IL 61114-4737
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Rockford Land Parcel For Sale

      Land available in Rockford near retail and office corridor.
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      4 SF

      Riverside Boulevard Land Parcels Available

      Multiple land parcels available on Riverside Boulevard.
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      0.47 Acres

      Residential Lot in Rockford, IL

      Buildable residential lot available for sale in Rockford, Illinois.
      5101 Woodie Ranch Ln, Rockford, IL 61114
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    • $389,000

      Rockford Duplex with Income Potential

      Ranch-style duplex with strong income potential near Riverside Boulevard.
      3786-3788 Sage Dr, Rockford, IL 61114
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      0.25 Acres

      Residential Land in Rockford, IL

      Land for single-family home in established Rockford neighborhood.
      5398 Crestdale Cir, Rockford, IL 61114
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    Similar Nearby for Lease

    • Contact for pricing

      Class A Mixed-Use Building

      Multi-story building with signage, amenities, and easy highway access.
      6957 Olde Creek Rd, Rockford, IL 61114
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    • Contact for pricing

      Rockford Flex Office Space

      Flex office space available for rent starting at $345/month.
      6072 Brynwood Dr, Rockford, IL 61114
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    • Contact for pricing

      Office Space in Rockford Corridor

      Call center/back office space in high-traffic Rockford area.
      7180 Spring Brook Rd, Rockford, IL 61114
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    • Contact for pricing
      4,291 SF

      Perryville Square Medical Imaging Space

      Medical imaging space available in well-kept Perryville Square.
      3825 N Perryville Rd, Rockford, IL 61114
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      Former Bank of America Space

      High-visibility commercial space in North Perryville corridor, Rockford.
      6958 Spring Creek Rd, Rockford, IL 61114
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    • Contact for pricing
      1,200 SF

      Move-in Ready Medical Office Space

      Retail/medical space available at Riverside Pavilion with high visibility.
      5947 E Riverside Blvd, Rockford, IL 61114
      View Details

    Property Visit Statistics

    • Visits by month
      3.5k
    • Visitors by month
      2.9k
    • Avg Time on site
      19 min
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    6323 Riverside Blvd
    Rockford, IL 61114-4414
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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.

    More about this property
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