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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Industrial properties
8198 Commerce Dr Loves Park, IL 61111-5710
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-2392372
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2000
Construction
STEEL FRAME
Total area
9,600 SF
Lot
1.13 ac (49,223 SF)
Zoning code
IL
APN
12-01-152-006
UPID
US28-2392372
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
-
Johnson's Portable X-Ray Services Medical Supply Store
-
2nd Cine, Inc. Grip Trucks & Lighting Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$505k
Blend (final)
Blend
$505k
Owner & transaction history
Dynamite Enterprise LLC · 2 yrs held
Dynamite Enterprise LLC
since 2024
Last sale
$505,000
6 recorded transactions
Zoning & alternative use
IL · Loves Park, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$765,000
+107.7%
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 Loves Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Loves Park 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
$505,000
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$370,000
Current use
COMMERCIAL (GENERAL)
$765,000
Change: +108% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $505k (May 9 2024)
Last sale anchor
$505k
May 9 2024
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
$53 / 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
Tax billed
$9,994
Tax year 2023
Assessed value
$123,454
Assessed 2023
Previous assessed
$110,345
+11.9% YoY
Effective rate
8.10%
On assessed value
Assessed land
$25,671
Assessed improvement
$97,783
Land market value
$77,013
Improvement market value
$293,349
Total market value
$370,362
Applied tax rate
8.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
9,600 SF
Lot
1.13 ac (49,223 SF)
Zoning code
IL
APN
12-01-152-006
UPID
US28-2392372
Jurisdiction
WINNEBAGO
Zoning & alternative use
IL · Loves Park, IL
Zoning IL · permitted uses
IL · Loves Park, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Loves Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$370,000
COMMERCIAL (GENERAL)
Est. value
$765,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Dynamite Enterprise LLC
Entity
Mailing address
766 TIMBER RDG TRL, ROCKFORD, IL 61114-6869
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2024
$505,000
Dynamite Enterprise LLC
David P Johnson
Warranty Deed
$305,000 · David Johnson
Nov 7, 2017
—
David P Johnson
Johnson,david P
Quit Claim Deed
related
—
Dec 7, 1998
$288,000
Skyward Corp
Mercantile Bank Of Illinois
Grant Deed
—
Jun 23, 1998
—
Mercantile Bank Northern Il
Ray,vernon O & Kathy S
Quit Claim Deed
related
—
—
—
David P Johnson
—
Deed Of Trust
related
$315,000 · Riverside Community Bank
—
—
Skyward Corp
—
Deed Of Trust
related
$288,000 · American Nat'l Bk & Tr Chicago
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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