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

    6951 Olde Crk Rd Rockford, IL 61114-7416

    • Office Properties & Spaces
    • 2,003 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    9.5%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US28-1075190
    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

    • MembersAlliance Credit Union / Credit Union / Atm

    Property Details for 6951 Olde Crk Rd

    Year built
    1999
    Construction
    WOOD
    Lot size
    0.41 lot acres
    Property size
    2,003 SF
    Zone code
    C1
    Property type
    Office Properties & Spaces
    APN
    12-11-301-006
    APU
    1211301006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $415,000
      6.5%
      $385,000
      7%
      $355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $278,000
      Market price range: $61.0k - $278k
      AI Estimate
      $168,000
      Market price range: $45.5k - $169k

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -88.9799
    Latitude
    42.3039
    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
    $15,816
    $34,394
    $120,043
    $154,437
    -
    $103,182
    $360,129
    $463,311

    Comparable in this City

    • Value Estimation
      $330,000
      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
      $840,000
      8,801 SF

      3963 Perryville Rd

      OFFICE (GENERAL) • 8,801 SF
      3963 Perryville Rd, Rockford, IL 61114-8020
      View Details
    • Value Estimation
      $370,000
      16,025 SF

      2601 Reid Farm Rd

      OFFICE (GENERAL) • 16,025 SF
      2601 Reid Farm Rd, Rockford, IL 61114-6698
      View Details
    • Value Estimation
      $475,000
      14,778 SF

      3775 Mulford Rd

      OFFICE (GENERAL) • 14,778 SF
      3775 Mulford Rd, Rockford, IL 61114-5632
      View Details
    • Value Estimation by Request
      18,000 SF

      6850 Spring Creek Rd

      Office Properties & Spaces • 18,000 SF
      6850 Spring Creek Rd, Rockford, IL 61114
      View Details
    • Value Estimation
      $345,000
      5,976 SF

      6036 Brynwood Dr

      OFFICE (GENERAL) • 5,976 SF
      6036 Brynwood Dr, Rockford, IL 61114
      View Details

    Similar Nearby for Sale

    • $369,900

      Impeccably Maintained Brick Condominium

      Comfort and elegance in a prime location near amenities.
      5634 Northcliffe Ln, Rockford, IL 61114
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    • Contact for pricing

      Residential Land in Desirable Location

      4.04 acres in desirable area with utilities on site.
      2003 Riverside Blvd E, Rockford, IL 61114
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    • $369,900
      1,791 SF

      Impeccably Maintained Brick Condominium

      Comfortable and elegant condominium with quality living space and modern amenities.
      5634 Northcliffe Ln, Rockford, IL 61114
      View Details
    • $30,000
      0.40 Acres

      Residential Lot in Rockford, IL

      Buildable residential lot available in Rockford, Illinois.
      5115 Woodie Ranch Ln, Rockford, IL 61114
      View Details
    • Contact for pricing

      Land For Sale on Perryville

      Two acres of commercial land with high visibility.
      3900 N Perryville Rd, Rockford, IL 61114
      View Details
    • $35,000
      0.47 Acres

      Residential Lot in Rockford, IL

      Buildable residential lot available in Rockford, Illinois.
      5101 Woodie Ranch Ln, Rockford, IL 61114
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      89,292 SF

      Riverside Pavilion Retail Space

      Rockford, IL: 1,200 SF Retail/Office Space Available
      5947 Riverside Blvd, Rockford, IL 61114
      View Details
    • Contact for pricing
      18,000 SF

      Prime Office Space - Spring Creek Rd

      Executive Suites, High-End Finishes, Ample Parking
      6850 Spring Creek Rd, Rockford, IL 61114
      View Details
    • Contact for pricing
      22,436 SF

      Rockford Retail Space - Spring Creek Rd

      High-visibility retail/office space, multiple suites available.
      6958 Spring Creek Rd, Rockford, IL 61114
      View Details
    • $650 /Mo
      1,440 SF

      Finished Office Space Near I-90

      2,155 SF office space with kitchenette near I-90.
      6785 Weaver Rd, Machesney Park, IL 61114
      View Details
    • Contact for pricing
      80,000 SF

      Rockford Office Space for Lease

      Class A Office Building, Multiple Suites Available
      6957 Olde Creek Rd, Rockford, IL 61114
      View Details
    • $345 /Mo
      150 SF

      Rockford Flex Office Space

      Flex office space available for rent starting at $345/month.
      6072 Brynwood Dr, Rockford, IL 61114
      View Details
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    6951 Olde Crk Rd
    Rockford, IL 61114-7416
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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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