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    7431 E State St Rockford, IL 61108
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    Property profile & analytics

    7431 E State St Rockford, IL 61108

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    • Strip malls
    For Lease
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    Retail Strip Center Near Walmart For Lease
    Contact for pricing

    Retail Strip Center Near Walmart

    Retail strip center with high visibility near prime retailers.

    7431 E State St, Rockford, IL 61108
    View Listing
    Property ID
    US28-0867929
    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

    • Logsdon Consultation Services / Consultant
    • Sparklean Maids / Hardware & Home Improvement
    • Angel Bliss / Custom T-Shirt Store
    • Greater Works Ministries / Association Or Organization
    • Gulf Coast Faith Formation Conference / Association Or Organization

    Property Details for 7431 E State St

    Year built
    1994
    Property type
    Strip malls
    Property subtype
    Cannabis Properties

    Description

    Retail strip center in outlot of Walmart off of East State Street. Excellent visibility from East State Street and located near prime retailers including Walmart and The UPS Store. Property is zoned for Cannabis, Restaurant, Healthcare, and Retail use.

    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
    Rockford
    County
    Winnebago
    State
    Illinois
    Longitude
    -88.9720031
    Latitude
    42.2694171

    Comparable in this City

    • Contact for pricing

      Retail, Office, Restaurant Space Available

      Multi-tenant property suitable for retail, office, or restaurant use.
      5416 E State St, Rockford, IL 61108
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      High-visibility end-cap space on E State Street in Rockford, IL.
      5439-5505 E State St, Rockford, IL 61108
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    • Contact for pricing
      1,402 SF

      Retail Space Near Alpine Road

      Retail space with excellent visibility and front door parking.
      1137 N Alpine Rd, Rockford, IL 61108
      View Details
    • Contact for pricing

      Retail Space on S Perryville

      Multi-tenant strip center with high traffic and ample parking.
      811 S Perryville Rd, Rockford, IL 61108
      View Details
    • Contact for pricing
      2,101 SF

      Prime Retail Space on Perryville

      Retail space in a high-traffic commercial district, shell condition.
      811 S Perryville Rd, Rockford, IL 61108
      View Details
    • Contact for pricing
      2,400 SF

      Rockford Plaza Retail/Office Space

      2,601 sq. ft. space with abundant natural light.
      2518-2554 Charles St, Rockford, IL 61108
      View Details

    Similar Nearby for Sale

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      41,618 SF

      Retail Property Near Major Retailers

      Retail property in close proximity to major retailers.
      7340 E State St, Rockford, IL 61108
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      16,722 SF

      Rockford Retail or Office Space

      20,500 SF retail or office space in Rockford, IL.
      4401 Charles St, Rockford, IL 61108
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    • $895,000

      Rockford Commercial Land Opportunity

      Prime investment opportunity with high visibility and accessibility in Rockford.
      3809 E State St, Rockford, IL 61108
      View Details
    • $1,956,280
      14.97 Acres

      Rockford Land for Development

      14 acres of divisible land suitable for commercial or industrial development.
      14 Acres Perryville & Fincham Rd, Rockford, IL 61108
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    • $4,000,000

      Retail Center with 32 Stores

      126,648 SF retail center with 72.4% occupancy for sale.
      3800 East State St, Rockford, IL 61108
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    • Contact for pricing

      Rockford Commercial Land For Sale

      Prime investment opportunity in a bustling Rockford shopping district.
      3809 E State St, Rockford, IL 61108
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail, Office, Restaurant Space Available

      Multi-tenant property suitable for retail, office, or restaurant use.
      5416 E State St, Rockford, IL 61108
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      High-visibility end-cap space on E State Street in Rockford, IL.
      5439-5505 E State St, Rockford, IL 61108
      View Details
    • Contact for pricing
      1,402 SF

      Retail Space Near Alpine Road

      Retail space with excellent visibility and front door parking.
      1137 N Alpine Rd, Rockford, IL 61108
      View Details
    • Contact for pricing
      2,101 SF

      Prime Retail Space on Perryville

      Retail space in a high-traffic commercial district, shell condition.
      811 S Perryville Rd, Rockford, IL 61108
      View Details
    • Contact for pricing

      Retail Space on S Perryville

      Multi-tenant strip center with high traffic and ample parking.
      811 S Perryville Rd, Rockford, IL 61108
      View Details
    • Contact for pricing
      2,400 SF

      Rockford Plaza Retail/Office Space

      2,601 sq. ft. space with abundant natural light.
      2518-2554 Charles St, Rockford, IL 61108
      View Details
    View Listing
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    7431 E State St
    Rockford, IL 61108
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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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