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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Industrial properties
8400 Riverside Blvd Loves Park, IL 61111-5721
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-2651670
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1995
Construction
STEEL FRAME
Total area
19,500 SF
Lot
3.73 ac (162,479 SF)
Zoning code
IL
APN
12-01-176-018
UPID
US28-2651670
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$995k
Owner & transaction history
8400 Riverside Boulevard LLC · 5 yrs held
8400 Riverside Boulevard LLC
since 2021
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
IL · Loves Park, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+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
$1,030,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$745,000
Current use
COMMERCIAL (GENERAL)
$1,550,000
Change: +108% · Conversion: Difficult
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $1.35M (Jun 18 2021)
Last sale anchor
$1.35M
Jun 18 2021
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
$51 / 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
$26,041
Tax year 2023
Assessed value
$321,671
Assessed 2023
Previous assessed
$287,514
+11.9% YoY
Effective rate
8.10%
On assessed value
Assessed land
$76,130
Assessed improvement
$245,541
Land market value
$228,390
Improvement market value
$736,623
Total market value
$965,013
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
1995
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
19,500 SF
Lot
3.73 ac (162,479 SF)
Zoning code
IL
APN
12-01-176-018
UPID
US28-2651670
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
$745,000
COMMERCIAL (GENERAL)
Est. value
$1.6M
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
1995
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.73 ac
Current owner
From public records · entity-resolved
8400 Riverside Boulevard LLC
Entity
Mailing address
5611 E STATE ST, ROCKFORD, IL 61108-2424
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2025
—
Battista Properties INC
—
Deed
related
$500,000 · Northwest Bank Rockford
Sep 27, 2024
—
Linos INC
—
Deed
related
$2,328,013 · Northwest Bank Rockford
Jun 18, 2021
$1,350,000
8400 Riverside Boulevard LLC
Skyland Corp
Warranty Deed
$1,080,000 · Illinois Bank & Trust
Jul 22, 2019
—
Skyland Corp
—
Deed
related
$1,000,000 · Blackhawk Bk
Oct 25, 2018
$1,250,000
Skyland Corp
Trust Number 1528
Grant Deed
—
Oct 1, 2007
$56,684
City Of Loves Park
Trust 1528
Grant Deed
—
—
—
Skyland Corp
—
Deed Of Trust
related
$1,000,000 · Blackhawk Bk
—
—
Trust 1528
—
Deed Of Trust
related
$935,000 · Alpine Bank Illinois
—
—
Trust 1528
—
Deed Of Trust
related
$350,000 · Alpine Bank Illinois
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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