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    Property profile & analytics

    2797 Prairie Ave Beloit, WI 53511

    • Office buildings
    • 5,301 SF
    • 0.49 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimation
    $460,000
    Last Sale
    Jan 13, 2023
    $425,000
    Location Intelligence
    Property ID
    US92-1234285
    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

    • Customs Cove / Gift Shop
    • Asian Massage / Massage Spa
    • Edward Jones - Financial Advisor: Tammy M Schindler / Investment Service / Finance Broker
    • Dr. Cheryl Peterson / Family Practice Physician / Practitioner Service Location

    Property Details for 2797 Prairie Ave

    Year built
    1982
    Lot size
    0.49 lot acres
    Property size
    5,301 SF
    Property type
    Office buildings
    APN
    21861500
    APU
    21861500

    Description

    This well-maintained, multi-tenant professional center at 2797 Prairie Ave, Beloit, WI 53511, offers exceptional office space opportunities. The building totals 5,301 square feet and sits on a 0.49-acre lot, conveniently located near W Hart Rd. The property is zoned C-3 and features three total suites, with a minimum divisible space of 2,208 square feet. Currently, 2,008 square feet are vacant, offering immediate occupancy potential for businesses seeking flexible space options ranging from 600 to 2,208 square feet. The building boasts ample parking, excellent signage visibility, and well-maintained facilities. Its strategic location provides easy access to essential amenities and services, including the Beloit Hospital, Beloit Clinic, Cube Smart Storage, Pizza Hut, and Scooters Coffee, ensuring a convenient and thriving business environment. This is an ideal opportunity for businesses seeking a professional and accessible location in Beloit. The property is classified as Office and Land, with a Commercial subtype and multiple tenancy.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $435,000

    • CAP approach

      CAP return
      Estimation
      6%
      $520,000
      6.5%
      $430,000
      7%
      $465,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $485,000
      Geo Method
      $470,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $480,000
      Retail
      $505,000
      Mixed-Use
      $435,000
      Hospitality
      $445,000
      Educational
      $440,000
      Residential Income
      $520,000
      Energy
      $515,000
      Income-Based Land
      $510,000
      Food Service
      $455,000

    Location Insight

    • Map
    • Local Demand
    City
    Beloit
    County
    Rock
    State
    Wisconsin
    Longitude
    -89.0111
    Latitude
    42.5464
    CBSA code
    27500
    CBSA name
    JANESVILLE, WI 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
    $7,518
    $53,300
    $417,100
    $470,400
    -
    $0.00
    $0.00
    $535,000

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    2797 Prairie Ave
    Beloit, WI 53511
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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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