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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Commercial real estate
10835th Cherry Rd Merrillan, WI 54754
Entity Owned
~
Est. High Equity
Property ID
US92-1354478
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
118.8 ac (5,175,015 SF)
APN
006-0141-0000
UPID
US92-1354478
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.85M
Owner & transaction history
Badger Mining Corporation
Badger Mining Corporation
since 2026
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Merrillan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Merrillan 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2021Property tax & assessments
Tax year 2021
Tax billed
$70,656
Tax year 2021
Assessed value
$4,132,800
Assessed 2023
Previous assessed
$7,105,000
-41.8% YoY
Effective rate
1.71%
On assessed value
Assessed land
$418,700
Assessed improvement
$3,714,100
Total market value
$4,827,500
Applied tax rate
91.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
118.8 ac (5,175,015 SF)
APN
006-0141-0000
UPID
US92-1354478
Jurisdiction
JACKSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
118.8 ac
Current owner
From public records · entity-resolved
Badger Mining Corporation
Entity
Mailing address
409 S CHURCH ST, BERLIN, WI 54923-2114
Ownership since
2026
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
Jan 16, 2026
$1,849,200
Badger Mining Corporation
North Cliff Investments LLC
Warranty Deed
—
Jan 16, 2026
$12,000,000
Kermine LLC
Badger Mining Corporation
Deed
$12,000,000 · Badger Meining Corp
Apr 12, 2021
—
Badger Mining Corporation
—
Deed
related
$45,000,000 · Wingspire Capital LLC
Apr 15, 2015
—
Badger Mining Corp
Altas Resin Proppants LLC
Quit Claim Deed
related
—
Jul 27, 2011
$594,000
Atlas Resin Proppants LLC
North Cliff Investments LLC
Warranty Deed
—
Dec 31, 2009
$201,300
North Cliff Investments LLC
Calvin J Frelk
Warranty Deed
—
Aug 24, 2006
$228,000
Calvin J Frelk
Ray A Buttke
Warranty Deed
$230,000 · Badgerland Farm Credit Services Aca
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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