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Property profile & analytics
OFF-MARKET
Estimated value
$10,775,000
Warehouses
10277 Venice Ave Sturtevant, WI 53177-1880
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US92-1438975
Property summary
AI-generated overview
This exceptional industrial property, located at 10277 Venice Avenue in Sturtevant, Wisconsin, presents a significant opportunity. The single-tenant building boasts a substantial 196,875 square feet, with 157,391 square feet currently available for lease. Built in 2002, the property sits on a generous 16.08-acre lot and features impressive 39-foot ceiling heights, ideal for various manufacturing and warehousing needs. Access is facilitated by 20 dock-high doors and 2 drive-in doors, ensuring efficient loading and unloading. Ample parking is provided with approximately 108 car parks and 50 trailer stalls. The property is powered by a robust 3,000-amp, 480/277V electrical system. Zoned for Industrial/Business Park use, this property in Racine County (zip code 53177) offers a strategic location and exceptional functionality. The property's size, features, and location make it an attractive option for businesses seeking significant warehouse and manufacturing space in southeastern Wisconsin.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Total area
145,000 SF
Lot
16.08 ac (700,445 SF)
Zoning code
2
APN
181 032221007014
UPID
US92-1438975
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
-
Mauser Packaging Solutions Industrial Manufacturer Production Facility
-
All State Trucking Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.95M
Blend (final)
Blend
$10.78M
Owner & transaction history
Jes Sturtevant Venice LLC · 14 yrs held
Jes Sturtevant Venice LLC
since 2011
7 recorded transactions
Zoning & alternative use
2 · Sturtevant, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Ordinance
Top alternative use upside
Commercial (general)
$10.8M
+96.3%
Retail stores
$7.8M
+41.6%
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 Sturtevant submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sturtevant 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,825,000
Change: +96% · Conversion: Difficult
RETAIL STORES
$7,815,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$10.78M
Range $9.70M – $11.85M · ±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
$74 / 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
$226,000
Tax year 2023
Assessed value
$11,727,000
Assessed 2023
Previous assessed
$11,727,000
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$2,278,800
Assessed improvement
$9,448,200
Land market value
$2,570,189
Improvement market value
$10,656,340
Total market value
$13,226,529
Applied tax rate
181.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Total area
145,000 SF
Lot
16.08 ac (700,445 SF)
Zoning code
2
APN
181 032221007014
UPID
US92-1438975
Jurisdiction
RACINE
Zoning & alternative use
2 · Sturtevant, WIZoning 2 · permitted uses
2 · Sturtevant, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$10.8M
RETAIL STORES
Est. value
$7.8M
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
16.08 ac
Current owner
From public records · entity-resolved
Jes Sturtevant Venice LLC
Entity
Mailing address
100 S WACKER DR STE #950, CHICAGO, IL 60606-4021
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
—
Jes Sturtevant Venice LLC
—
Deed
related
$9,000,000 · Busey Bank
Sep 28, 2011
—
Jes Sturtevant Venice LLC
—
Deed Of Trust
related
$7,500,000 · Bank Mutual
Sep 16, 2011
—
Jes Sturtevant Venice LLC
Shaffer,john E
Grant Deed
—
Sep 16, 2011
$1,922,500
Jes Sturtevant Venice LLC
Sturtevant Venice LLC
Grant Deed
—
Oct 16, 2008
$8,800,000
Jes Sturtevant Vanice LLC
Tmt Properties INC
Special Warranty Deed
—
—
—
Tmt Properties INC
—
Loan Modification
related
$1,310,000 · State Farm Life Insurance Co
—
—
Tmt Properties INC
—
Deed Of Trust
related
$1,310,000 · Associated Bank
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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