Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1713 Belknap St Superior, WI 54880

    • Retail properties
    • 16,015 SF
    For Sale
    View listing
    $400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • earth exchange / Clothing Store / Furniture Store

    Property Details for 1713 Belknap St

    Year built
    1896
    Property size
    16,015 SF
    Property type
    Retail properties
    Property subtype
    Retail space

    Description

    This exceptional Superior, WI retail storefront at 1713 Belknap St presents a unique value-add opportunity. Boasting 16,015 square feet of net rentable space across two stories, this Fee-Simple property sits on a 12,000 square foot lot in the heart of the CBD, experiencing high traffic volume exceeding 14,000 cars daily. The building, constructed in 1896, has undergone significant recent improvements, including complete back brickwork restoration with metal siding in 2023 and roof repair in 2022. Inside, discover a spacious open-concept retail floor with a mezzanine, multiple departments, storage/load-in area, office, and cashier's area. A partially finished basement, ideal for additional retail space, features a water guard system and sump pumps (installed 2016) and Lockinvar boilers (installed 2015). Currently 100% occupied, this property offers immediate income potential. The asking price is $400,000. An existing business, a combination furniture and thrift store, is available for an additional $80,000. This prime location and substantial recent renovations make this a truly exceptional investment opportunity. The APN is 06-806-00673-00.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Superior
    County
    Douglas
    State
    Wisconsin
    Longitude
    -92.1033
    Latitude
    46.7206

    Comparable in this City

    • Value Estimation by Request
      22,000 SF

      1422 Tower Ave

      Individual retail properties • 22,000 SF
      1422 Tower Ave, Superior, WI 54880
      View Details
    • Value Estimation by Request
      27,000 SF

      1017-1021 Tower Ave

      Restaurants • 27,000 SF
      1017-1021 Tower Ave, Superior, WI 54880
      View Details
    • Value Estimation by Request
      3,000 SF

      4003 2Nd St

      Automotive properties • 3,000 SF
      4003 2Nd St, Superior, WI 54880
      View Details
    • Value Estimation by Request
      20,600 SF

      431 Tower Ave

      Distribution properties • 20,600 SF
      431 Tower Ave, Superior, WI 54880
      View Details
    • Value Estimation by Request
      5.07 Acres

      4285 Valley Brook Rd

      Self storage facilities • 5.07 Acres
      4285 Valley Brook Rd, Superior, WI 54880
      View Details
    • Value Estimation by Request
      1.22 Acres

      Superior, WI 54880

      VACANT COMMERCIAL LAND • 1.22 Acres
      Superior, WI 54880
      View Details

    Similar Nearby for Sale

    • $400,000
      16,015 SF

      Superior Retail Gem: 1713 Belknap St

      Iconic Superior storefront, high traffic location.
      1713 Belknap St, Superior, WI 54880
      View Details
    • $345,000
      16,229 SF

      Established Retail Business Opportunity

      Iconic Superior business with prime retail location for sale.
      1713 Belknap St, Superior, WI 54880
      View Details
    • $550,000
      3,500 SF

      Historic Building with Spirit Mountain Views

      Versatile commercial building with potential for apartment conversion and strong visibility.
      1106 Tower Ave, Superior, WI 54880
      View Details
    • $215,000
      2,200 SF

      Mixed-Use Building with Storefront

      Mixed-use property featuring a storefront and residential unit.
      1717 Winter St, Superior, WI 54880
      View Details
    • $795,000
      13,850 SF

      Downtown Superior Commercial Opportunity

      Finishable space suited for retail, office, or mixed-use development.
      1309 Tower Ave, Superior, WI 54880
      View Details
    • $995,000
      27,000 SF

      Superior Retail and Office Opportunity

      Mixed-use property with retail, bar, and office space potential.
      1017-1021 Tower Ave, Superior, WI 54880
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      14,400 SF

      Bluewater Flats Commercial Space

      Prime Twin Ports Retail Space Available
      110 2Nd St, Superior, WI 54880
      View Details
    • $8 SF/Yr
      1,625 SF

      Superior Office Space: 1625 sq ft

      Prime Superior office suite, ready for your business.
      1225 Tower Ave, Superior, WI 54880
      View Details
    • Contact for pricing

      Superior, WI Office Space Available

      Office space available in high-traffic Superior, WI location.
      1425 Tower Ave, Superior, WI 54880
      View Details
    • $8 SF/Yr
      2,400 SF

      Badger Building Suite 200: Prime Office Space

      Downtown Office Suite - 2400 sq ft, $1600/month
      1228 Tower Ave, Superior, WI 54880
      View Details
    • $12 SF/Yr
      3,000 SF

      Downtown Superior Office Space

      3,000 SF Executive Office Suite
      1225 Tower Ave, Superior, WI 54880
      View Details
    • $10 SF/Yr
      15,340 SF

      Superior Manufacturing Building For Rent

      Manufacturing building with heavy cranes in Superior, Wisconsin.
      405 John Ave, Superior, WI 54880
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1713 Belknap St
    Superior, WI 54880
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.