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    7280 East Riverside Blvd Loves Park, IL 61111
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    7280 East Riverside Blvd Loves Park, IL 61111

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    • Commercial land
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    Commercial Land Ready for Development For Sale
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    0.92 Acres

    Commercial Land Ready for Development

    0.92 acres of commercial land available for development.

    7280 East Riverside Boulevard, Loves Park, IL 61111
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    Property ID
    US28-0280171
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 7280 East Riverside Blvd

    Zone code
    IL_CR
    Property type
    Commercial land
    APN
    12-02-153-007
    APU
    1202153007

    Description

    This exceptional 0.92-acre commercial land parcel presents a unique development opportunity in Loves Park, Illinois. Situated in the highly desirable CR - Commercial Retail District zoning, this property offers unparalleled visibility and accessibility. Its strategic location just west of the I-90/E. Riverside Boulevard interchange ensures high traffic volume and convenient access for customers. The site is part of a rapidly growing commercial corridor, already home to established businesses such as Starbucks, Chipotle, and Panera Bread, creating a strong synergy for new ventures. The property's proximity to major amenities, including Costco and regional sports and medical facilities, further enhances its appeal. This is the last available outlot in this prime location, making it a rare and highly sought-after opportunity for developers seeking to capitalize on the area's robust economic growth. The 0.92 acres provide ample space for a variety of commercial developments, catering to the needs of the thriving community and its surrounding areas. This is an ideal location for businesses seeking high visibility and convenient access to a large customer base. Don't miss this chance to secure a prime piece of commercial real estate in a rapidly developing area. The property is located at 7280 E. Riverside Blvd, Loves Park, IL 61111, within Winnebago County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Loves Park
    County
    Winnebago
    State
    Illinois
    Longitude
    -88.9761
    Latitude
    42.3195
    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
    $0.00
    $76,347
    $0.00
    $76,347
    -
    $229,041
    $0.00
    $229,041

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      Windsor Rd

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    Similar Nearby for Sale

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      Commercial Land Ready for Development

      0.92 acres of commercial land available for development.
      7280 East Riverside Blvd, Loves Park, IL 61111
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      350,000 SF

      Loves Park Shovel-Ready Land

      5-33.3 acre shovel-ready sites in Loves Park Corporate Center.
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      Commercial Land with Riverside Frontage

      Vacant commercial lot with frontage and income potential.
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      0.58 Acres

      Residential Land Near Rock Cut

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      Pending

      Land For Sale

      Land available for sale in Loves Park, Illinois.
      East Riverside Blvd, Loves Park, IL 61111
      View Details

    Similar Nearby for Lease

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      Commercial Land for Lease

      Commercial land available for lease, ground lease, or build-to-suit.
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      Commercial Land for Lease

      Commercial land available for lease in new development.
      9572 Forest Hills Rd, Machesney Park, IL 61111
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      Land Lease Opportunity

      Land available for lease, ground lease, or build to suit.
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      Loves Park Industrial Land Lease

      5-33.3 acres available for lease or build-to-suit.
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      Loves Park Professional Office Building

      Two-story office building with flexible suites in Loves Park.
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      Former Restaurant on High-Traffic Road

      3,319 SF former restaurant suitable for restaurant or retail.
      6802 Rock Valley Pkwy, Loves Park, IL 61111
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    Loves Park, IL 61111
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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.

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