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    1200 Janesville Ave Fort Atkinson, WI 53538-2702
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    Property profile & analytics

    1200 Janesville Ave, Fort Atkinson, WI 53538-2702

    View on Map
    • Commercial real estate
    • 0.81 lot acres
    Off-Market
    Last Sale Dec 1, 2025
    Property ID
    US92-3322419
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1200 Janesville Ave

    Lot size
    0.81 lot acres
    Property type
    Commercial real estate
    APN
    226-0514-0921-005
    APU
    22605140921005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 1, 2025 — Adad Car Washes LLC City Of Fort Atkinson Warranty Deed —
    May 6, 2025 $400,000 Adad Car Washes LLC Greenwoods State Bank Warranty Deed —
    Aug 13, 2024 — The Greenwoods State Bank Z&a Properties LLC Warranty Deed —
    Sep 14, 2020 — Wbd INC — Deed · related $395k · Greenwoods St Bk
    Jul 22, 2020 — Z & A Properties LLC Ideas Rmr LLC Warranty Deed $395k · Greenwoods State Bank
    Feb 9, 2011 $610,000 Terry Ault Wadman Betty A Trust Grant Deed · related —
    Jul 11, 2007 $80,000 David E Wadman Krause,kenneth E Warranty Deed —
    Apr 4, 2006 — Wadman,betty A Trust Wadman,david E Quit Claim Deed · related —
    — — David E Wadman — Deed Of Trust · related $180k · Citizens State Bank
    — — David Wadman — Deed Of Trust · related —
    — — David E Wadman — Deed Of Trust · related $369k · Citizens State Bank
    — — Wbd INC — Deed Of Trust · related $395k · Greenwoods St Bk
    — — Z & A Properties LLC — Deed Of Trust · related $287k · Private Individual

    Description

    This established car wash in Fort Atkinson, WI, presents a unique investment opportunity. Located at 1200 Janesville Ave, 53538, this 5,800 sq ft facility sits on a lot ranging from 35,000 to 40,000 sq ft and boasts a rich operational history. The asking price is $599,000 ($103.28/sq ft). Originally built in 1980, the property has undergone significant recent upgrades, including a new roof (circa 2020), new furnaces (circa 2021), and an updated conveyor framework (circa 2021). Further enhancing its operational efficiency are a 480V three-phase power system and an extensive camera security system installed in 2020. A newer, large LED roadside sign (2020) ensures high visibility. All support equipment and many detailing supplies remain on-site from the October 2023 closure. This bank-owned foreclosure is offered as-is. All offers are subject to Greenswoods State Bank and SBA approval, with a 14-day response period. The listing price reflects a short sale, so allow for processing time. This property is situated in a town with a population of 12,500, offering significant potential for a new owner.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Atkinson
    County
    Jefferson
    State
    Wisconsin
    Longitude
    -88.8499
    Latitude
    42.9138
    CBSA code
    48020
    CBSA name
    WATERTOWN-FORT ATKINSON, WI MICROPOLITAN 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
    $18,752
    $143,000
    $456,700
    $599,700
    -
    $0.00
    $0.00
    $0.00

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    Fort Atkinson, WI 53538-2702
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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