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    Property profile & analytics

    984 Landmark Dr Belvidere, IL 61008

    • Industrial properties
    • 2.03 lot acres
    For Lease
    View listing
    Value Estimation
    $315,000
    Location Intelligence
    Property ID
    US28-4399406
    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.

    Current Use by Public Records

    • Industrial properties

    Property Details for 984 Landmark Dr

    Year built
    2011
    Lot size
    2.03 lot acres
    Property type
    Industrial properties
    APN
    05-33-127-010
    APU
    533127010

    Description

    This exceptional 117,000-square-foot build-to-suit industrial property presents a unique opportunity in Belvidere, Illinois. Situated on 8.6 acres of land within an established industrial park, this single-tenant facility offers unparalleled flexibility. The building boasts a 37-foot ceiling height, 16 loading docks with 16 dock-high doors, and one drive-in door, ensuring efficient operations. Ample parking is provided with 50 spaces. The property features 800 amp, 480-volt, 3-phase power. Its strategic location near the Stellantis Assembly Plant and convenient access to two I-90 interchanges (Irene Road and Genoa Road) provide exceptional logistical advantages. The property is zoned for light industrial use and benefits from its location in an Enterprise Zone. Furthermore, its proximity to UP Rail adds another layer of transportation convenience. This turnkey opportunity allows for complete customization to meet specific business needs, making it an ideal location for warehouse, manufacturing, or distribution operations. The developer-owned, build-ready lot ensures a seamless construction process.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $315,000
      6.5%
      $355,000
      7%
      $355,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $365,000
      Geo Method
      $305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $375,000
      Retail
      $375,000
      Mixed-Use
      $310,000
      Hospitality
      $295,000
      Educational
      $295,000
      Residential Income
      $335,000
      Energy
      $345,000
      Income-Based Land
      $300,000
      Food Service
      $395,000

    Location Insight

    • Map
    • Local Demand
    City
    Belvidere
    County
    Boone
    State
    Illinois
    Longitude
    -88.8917
    Latitude
    42.2503
    CBSA code
    40420
    CBSA name
    ROCKFORD, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,711
    $31,834
    $29,259
    $61,093
    -
    $95,502
    $87,777
    $183,279

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      INDUSTRIAL (GENERAL) • 30,000 SF
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    • Value Estimation by Request
      6.22 Acres

      2171 Keene Pkwy

      Land • 6.22 Acres
      2171 Keene Pkwy, Belvidere, IL 61008
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10.00 Acres

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      Prime 10-acre industrial site, build-to-suit option.
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      View Details
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      90,000 SF

      Cross-Docked Industrial Building

      90,000 SF industrial building with cross-docking and highway access.
      795 Landmark Dr, Belvidere, IL 61008
      View Details
    • $55,000

      Belvidere Commercial Land - $55K

      Prime Commercial Lot, Excellent Location
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      Commercial Lot in Landmark Crossings

      Commercial lot for sale or build to suit opportunity.
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    Similar Nearby for Lease

    • Contact for pricing
      117,000 SF

      Belvidere Industrial Building Opportunity

      Proposed 117,000 SF industrial building near Stellantis Assembly Plant.
      984 Landmark Dr, Belvidere, IL 61008
      View Details
    • Contact for pricing

      High-Traffic Belvidere Commercial Space

      Highly visible commercial space near I-90 and local amenities.
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      13,400 SF

      Belvidere Retail Space For Lease

      High-traffic retail space, excellent visibility.
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    • $16 SF/Yr
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      Belvidere Medical Office Building

      Prime Medical/Commercial Office Space
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    • Contact for pricing

      Belvidere Commercial Land - 20 Acres

      Prime Commercial Land, High Visibility, I-90 Access
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      View Details
    • $15 SF/Yr
      1,400 SF

      Retail Space with Plumbing

      Retail space with open layout, plumbing, and storage.
      1100-1119 N State St, Belvidere, IL 61008
      View Details
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    984 Landmark Dr
    Belvidere, IL 61008
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    Realmo Value Estimation

    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.

    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.

    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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