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Property profile & analytics
OFF-MARKET
Commercial real estate
900 3rd St, Rochelle, IL 61068-1666
Individually Owned
1-yr Hold
Free & Clear
Property ID
US28-3124064
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1976
Total area
14,800 SF
APN
24-24-179-007
UPID
US28-3124064
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
-
Rochelle Rehabilitation & Health Care Center Nursing Home
-
Kent Kjellstrom Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rochelle Community Hospital Assn · 1 yrs held
Rochelle Community Hospital Assn
since 2025
Last sale
$190,000
7 recorded transactions
Zoning & alternative use
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 Rochelle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rochelle 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$46,333
Tax year 2023
Assessed value
$524,124
Assessed 2023
Previous assessed
$524,124
+0.0% YoY
Effective rate
8.84%
On assessed value
Assessed land
$33,343
Assessed improvement
$490,781
Land market value
$100,029
Improvement market value
$1,472,343
Total market value
$1,572,372
Applied tax rate
640.0000
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
Off-Market
Year built
1976
Heating
NONE
Stories
1
Total area
14,800 SF
APN
24-24-179-007
UPID
US28-3124064
Jurisdiction
OGLE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Stories
1
Current owner
From public records · entity-resolved
Rochelle Community Hospital Assn
Individual
Free & Clear · 1 yrs held
Mailing address
2727 LYNDON B JOHNSON FWY STE #806, DALLAS, TX 75234-7334
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2025
$190,000
Rochelle Community Hospital Assn
900 North 3rd St Property LLC
Special Warranty Deed
—
Jan 27, 2025
—
900 North 3rd St Property LLC
Petersen Care X LLC
Quitclaim Deed
related
—
Jan 27, 2025
$4,500
900 North 3rd St Property LLC
Petersen Health Care X LLC
Special Warranty Deed
—
Apr 2, 2013
—
Petersen Health Care X LLC
—
Loan Modification
related
$23,299,900 · Privatebank & Trust
May 4, 2012
—
Petersen Health Care X LLC
—
Loan Modification
related
$64,000,000 · Privatebank & Trust
Oct 28, 2011
—
Petersen Health Care X LLC
—
Loan Modification
related
$6,430,000 · Privatebank & Trust
Apr 18, 2011
—
Petersen Health Care X LLC
—
Loan Modification
related
$23,300,000 · Privatebank & Trust
Dec 13, 2010
—
Petersen Health Care X LLC
—
Loan Modification
related
$3,500,000 · Privatebank & Trust
Oct 23, 2009
—
Petersen Health Care X LLC
Petersen Companies LLC
Quit Claim Deed
related
$23,300,000 · Privatebank & Trust
Feb 21, 2007
$4,400,000
Senior Living Props L Rochelle
Oak Park Healthcare Props LLC
Warranty Deed
$3,920,000 · Soy Capital Bank & Trust Co
Sep 30, 2005
$2,728,000
Oak Park Healthcare Properties LLC
Rochelle Property LLC
Special Warranty Deed
$7,300,000 · Premier Bank
—
—
Petersen Health Care X LLC
—
Deed Of Trust
related
$32,500,000 · Wells Fargo Bk
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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