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Property profile & analytics
OFF-MARKET
Office Spaces
714 7th St, Rockford, IL 61104-1306
Individually Owned
12-yr Hold
Free & Clear
Property ID
US28-5475450
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1926
Construction
WOOD
Total area
1,391 SF
Lot
0.09 ac (3,920 SF)
Zoning code
I1
APN
11-26-286-001
UPID
US28-5475450
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
-
Got Signs? (Bike/Boat/Book/etc) Store Printing Service
-
Signs Rockford IL (Bike/Boat/Book/etc) Store Printing 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
Zachary Drake · 12 yrs held
Zachary Drake
since 2014
5 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
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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,893
Tax year 2023
Assessed value
$18,231
Assessed 2023
Previous assessed
$16,295
+11.9% YoY
Effective rate
10.38%
On assessed value
Assessed land
$4,347
Assessed improvement
$13,884
Land market value
$13,041
Improvement market value
$41,652
Total market value
$54,693
Applied tax rate
418.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1926
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Total area
1,391 SF
Lot
0.09 ac (3,920 SF)
Zoning code
I1
APN
11-26-286-001
UPID
US28-5475450
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
Year built
1926
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Zachary Drake
Individual
Free & Clear · 12 yrs held
Mailing address
714 7TH ST, ROCKFORD, IL 61104-1306
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2014
$13,600
Zachary Drake
Zajicek,john
Quit Claim Deed
related
—
Sep 26, 2013
—
John Zajicek
County Clerk Of Winnebago County
Tax Deed
related
—
Sep 6, 2006
$45,000
Mark A Mannino
Posada,johnny
Warranty Deed
$36,000 · Riverside Community Bank
Jul 8, 2002
$46,500
Matt Kobs
Johnson,kevin L Tr
Grant Deed
$30,000 · National City Bank Michigan/il
Feb 16, 2000
$42,000
Kevin L Johnson Trustee
First Northern Cu
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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