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Property profile & analytics

1201 Egg Hbr Rd Sturgeon Bay, WI 54235-1235

  • Commercial real estate
  • 0.76 lot acres
OFF-MARKET
Last Sale
Oct 08, 2021
$375,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US92-2686747
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.

Current Use by Public Records

  • T-Mobile / Mobile Phone Store / Electronics & Wireless Store
  • Jim Olson Express / Auto Repair Shop

Property Details for 1201 Egg Hbr Rd

Lot size
0.76 lot acres
Property type
Commercial real estate
APN
281 6210000102B
APU
2816210000102B

Description

This exceptional investment opportunity presents a 2,500 square foot T-Mobile storefront in Sturgeon Bay, Wisconsin. Located on Egg Harbor Road, a major thoroughfare with high traffic volume, this property benefits from a prime location near prominent retailers such as Walmart, Tractor Supply, Kroger, CVS, McDonald's, Dunham's Sports, and T.J. Maxx. The building, renovated in 2022, sits on a 1.36-acre lot and enjoys 100% occupancy under a Net Lease agreement with a credit-rated tenant. The current lease, commencing May 1, 2022, and expiring April 30, 2032, has a remaining term of approximately 7.4 years, featuring 10% rent bumps every five years and three five-year renewal options. The annual net operating income (NOI) is $65,000, representing a 7.25% cap rate on the $896,552 asking price, or $358.62 per square foot. The property's strong location, coupled with a long-term lease from a financially stable tenant and built-in rent increases, makes this an attractive investment opportunity. The property's proximity to State Highway 42 (over 12,800 vehicles per day) and the Door County Fairgrounds (nearly 20,000 annual visitors) further enhances its appeal. The surrounding area boasts an average household income exceeding $91,349 within a five-mile radius, indicating a strong consumer base. This is a rare chance to acquire a stable, high-performing retail investment with significant upside potential.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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


Location Insight

  • Map
  • Local Demand
City
Sturgeon Bay
County
Door
State
Wisconsin
Longitude
-87.3636
Latitude
44.8464

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
$12,746
$174,000
$350,500
$524,500
-
$0.00
$0.00
$758,700
More about this property
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