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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Strip malls
10351 Washington Ave Sturtevant, WI 53177-1643
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US92-3436413
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
15,586 SF
Lot
2.06 ac (89,734 SF)
Zoning code
3
APN
181 032216428012
UPID
US92-3436413
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
-
Twenty Twenty Family Vision Center Physician
-
First Weber Realtors Racine Real Estate Agency
-
First Weber Group Realtors, Jennifer Dassow Real Estate Agency
-
First Weber Realtors: Carolynn Powers Real Estate Agency
-
Jacobson Carolyn Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$891k
Blend (final)
Blend
$660k
Owner & transaction history
Exel Development LLC · 11 yrs held
Exel Development LLC
since 2015
6 recorded transactions
Zoning & alternative use
3 · Sturtevant, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+94.1%
Commercial (general)
$1.0M
+86.6%
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
$430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$550,000
Current use
RETAIL STORES
$1,070,000
Change: +94% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,025,000
Change: +87% · Conversion: Easy
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$42 / 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
$42,553
Tax year 2023
Assessed value
$2,216,400
Assessed 2023
Previous assessed
$2,216,400
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$661,600
Assessed improvement
$1,554,800
Land market value
$746,198
Improvement market value
$1,753,612
Total market value
$2,499,810
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Heating
YES
Cooling
YES
Stories
1
Total area
15,586 SF
Lot
2.06 ac (89,734 SF)
Zoning code
3
APN
181 032216428012
UPID
US92-3436413
Jurisdiction
RACINE
Zoning & alternative use
3 · Sturtevant, WI
Zoning 3 · permitted uses
3 · Sturtevant, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sturtevant. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$550,000
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
2007
Heating
YES
Cooling
Yes
Stories
1
Lot
2.06 ac
Current owner
From public records · entity-resolved
Exel Development LLC
Entity
Mailing address
613 W 16TH ST, CHICAGO, IL 60616-1195
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2019
—
Exel Development LLC
—
Deed
related
$1,500,000 · Byline Bank
Jul 18, 2019
—
Excel Development LLC
—
Deed
related
$1,500,000 · Byline Bank
Jun 16, 2017
—
Exel Development LLC
—
Deed
related
$500,000 · Bank Of Waukegan
Feb 23, 2015
$775,000
Exel Development LLC
Bjj Development Sturtevant LLC
Warranty Deed
$581,500 · Norstates Bank
Jul 5, 2007
$3,581,900
Bjj Development-sturtevant LLC
Spectrum Renaissance LLC
Warranty Deed
related
$2,932,500 · First Midwest Bank
—
—
Spectrum Renaissance LLC
—
Loan Modification
related
$184,000 · Maritime Savings 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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