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Property profile & analytics
FOR LEASE
Office Spaces
973 Featherstone Rd, Rockford, IL 61107
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US28-0865197
For Lease
1 / 3
$6,785,000
973 Featherstone Rd, Rockford, IL 61107
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1991
Construction
STEEL FRAME
Total area
71,799 SF
Lot
4.51 ac (196,456 SF)
Zoning code
C1
APN
12-22-103-011
UPID
US28-0865197
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
-
Rock River Oral Surgery And Dental Implant Center Dental Office
-
Rock River Oral Surgery - Dr. Shea McCue Dental Office
-
Edward Jones - Financial Advisor: Stacy A Brady Financial Advisor
-
Merrill Lynch Financial Advisor Thomas R Sullivan Financial Advisor
-
Sawetawan Chiravudh MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.40M
Blend (final)
Blend
$6.79M
Owner & transaction history
Rockford Center Holdings LLC · 7 yrs held
Rockford Center Holdings LLC
since 2018
3 recorded transactions
Zoning & alternative use
C1 · Rockford, IL
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 Rockford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockford 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.79M
Range $6.11M – $7.46M · ±10%
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
$94 / 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
$239,662
Tax year 2023
Assessed value
$2,308,130
Assessed 2023
Previous assessed
$2,063,041
+11.9% YoY
Effective rate
10.38%
On assessed value
Assessed land
$228,433
Assessed improvement
$2,079,697
Land market value
$685,299
Improvement market value
$6,239,091
Total market value
$6,924,390
Applied tax rate
1.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1991
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
CENTRAL
Stories
3
Units
1
Total area
71,799 SF
Lot
4.51 ac (196,456 SF)
Zoning code
C1
APN
12-22-103-011
UPID
US28-0865197
Jurisdiction
WINNEBAGO
Zoning & alternative use
C1 · Rockford, IL
Zoning C1 · permitted uses
C1 · Rockford, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
1
Lot
4.51 ac
Current owner
From public records · entity-resolved
Rockford Center Holdings LLC
Entity
Mailing address
906 FRST AVE, RIVER FOREST, IL 60305-1360
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2018
$5,350,000
Rockford Center Holdings LLC
Rcf LLC
Trustees Deed
related
$8,025,000 · International Bk/chicago
Nov 28, 2006
—
Guilford Commons LLC
Castrogiovanni S A Trust
Grant Deed
related
—
—
—
Rcf LLC
—
Deed Of Trust
related
$3,500,000 · Alpine Bank & Trust Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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