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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Manufacturing properties
114 Conde St Janesville, WI 53546-3010
Entity Owned
11-yr Hold
Property ID
US92-0234064
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1900
Total area
22,649 SF
Lot
2.03 ac (88,427 SF)
Zoning code
M2
APN
307100034
UPID
US92-0234064
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
-
Rinehart Targets Plant #2 Industrial Manufacturer Production Facility
-
Raptor Fab Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$570k
Owner & transaction history
Mcg Holdings LLC · 11 yrs held
Mcg Holdings LLC
since 2015
4 recorded transactions
Zoning & alternative use
M2 · Janesville, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The M2 General Industrial District is designed to accommodate those industrial activities which may produce moderate nuisances or hazards in areas that are relatively remote from residential development in areas so designated on the comprehensive plan
Zone name
General Industrial District
General category
INDUSTRIAL
Zone area
1,342.37 ac
Source
Realmo
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 Janesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Janesville 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
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$390,000
Current use
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$25 / 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
$10,004
Tax year 2023
Assessed value
$581,000
Assessed 2023
Previous assessed
$407,700
+42.5% YoY
Effective rate
1.72%
On assessed value
Assessed land
$99,600
Assessed improvement
$481,400
Applied tax rate
241.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1900
Heating
NONE
Total area
22,649 SF
Lot
2.03 ac (88,427 SF)
Zoning code
M2
APN
307100034
UPID
US92-0234064
Jurisdiction
ROCK
Zoning & alternative use
M2 · Janesville, WIZoning M2 · permitted uses
M2 · Janesville, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The M2 General Industrial District is designed to accommodate those industrial activities which may produce moderate nuisances or hazards in areas that are relatively remote from residential development in areas so designated on the comprehensive plan
Zone name
General Industrial District
General category
INDUSTRIAL
Zone area
1,342.37 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$390,000
INDUSTRIAL (GENERAL) Current
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
1900
Heating
NONE
Lot
2.03 ac
Current owner
From public records · entity-resolved
Mcg Holdings LLC
Entity
Mailing address
1809 BELOIT AVE, JANESVILLE, WI 53546-3030
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2023
—
Mcg Holdings LLC
—
Deed
related
$500,000 · First National Bank & Trust Co
Aug 19, 2019
—
Mcg Holdings LLC
—
Deed
related
$62,000 · First National Bank & Trust Co
Jan 7, 2015
$632,500
Mcg Holdings LLC
Back Of The Yards Properties L
Warranty Deed
$504,000 · First National Bank & Trust Co
Aug 2, 2011
$362,500
Back Of The Yards Properties LLC
Purac America INC
Special Warranty Deed
—
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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