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Property profile & analytics
FOR LEASE
Commercial real estate
7200 Harrison Ave, Rockford, IL 61112
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US28-1075192
For Lease
1 / 2
$15,660,000
7200 Harrison Ave, Rockford, IL 61112
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1975
Construction
FRAME
Total area
516,444 SF
Zoning code
CC
APN
12-35-301-004
UPID
US28-1075192
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
-
Express Factory Outlet Clothing & Fashion Store
-
Tiger Lily Rockford Clothing & Fashion Store
-
Maurices Clothing & Fashion Store
-
rue21 Women'S Clothing Store Clothing Store
-
Zumiez Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.06M
Blend (final)
Blend
$15.66M
Owner & transaction history
Cherryvale Mall LLC
Cherryvale Mall LLC
since 2026
4 recorded transactions
Zoning & alternative use
CC · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.66M
Range $14.09M – $17.23M · ±10%
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
$30 / SF
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
$10,009,910
Assessed 2023
Previous assessed
$10,654,811
-6.1% YoY
Assessed land
$1,710,015
Assessed improvement
$8,299,895
Land market value
$5,130,045
Improvement market value
$24,899,685
Total market value
$30,029,730
Applied tax rate
378.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1975
Construction
FRAME
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
516,444 SF
Zoning code
CC
APN
12-35-301-004
UPID
US28-1075192
Jurisdiction
WINNEBAGO
Zoning & alternative use
CC · Rockford, IL
Zoning CC · permitted uses
CC · 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
1975
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Current owner
From public records · entity-resolved
Cherryvale Mall LLC
Entity
Mailing address
2030 HAMILTON PL BLVD, CHATTANOOGA, TN 37421-6038
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2026
—
Cherryvale Mall LLC
—
Deed
related
$425,000,000 · Goldman Sachs Bank USA
Feb 1, 2019
—
Cherryvale Mall LLC
—
Deed
related
—
Aug 5, 2016
—
J C Penney Properties INC
—
Deed
related
$500,000,000 · * Other Institutional Lenders
—
—
Cherryvale Mall LLC
—
Deed Of Trust
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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