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Property profile & analytics
OFF-MARKET
Estimated value
$4,595,000
Manufacturing properties
1205 Illinois Ave Sheboygan, WI 53081-4941
Individually Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US92-1015619
Property summary
AI-generated overview
This exceptional industrial warehouse, located at 1205 Illinois Avenue in Sheboygan, Wisconsin, presents a significant investment opportunity. Boasting a substantial 88,220 square feet of space, this 4 1/2-story building is constructed of old-style brick and sits on a 0.85-acre lot. The property features a robust infrastructure, including five loading docks – two exterior and three interior – ensuring efficient handling of goods. The presence of heavy 3-phase power caters to the needs of energy-intensive operations. A freight elevator further enhances the functionality and accessibility of the warehouse. Built in 1988, the property is identified by APN 59281506160 and is situated in Sheboygan County, Wisconsin, zip code 53081. The asking price for this substantial warehouse is $600,000. This property offers significant potential for a variety of industrial uses and represents a compelling investment opportunity in a well-established location.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1988
Total area
88,220 SF
Lot
0.85 ac (37,026 SF)
Zoning code
BB4
APN
59281506160
UPID
US92-1015619
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
-
WM - Sheboygan MRF Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.60M
Owner & transaction history
Disposal Svcs Solid W Advanced · 13 yrs held
Disposal Svcs Solid W Advanced
since 2013
2 recorded transactions
Zoning & alternative use
BB4 · Sheboygan, WI
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 Sheboygan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sheboygan 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$7,210,000
Change: 0% · Conversion: Easy
RETAIL STORES
$6,875,000
Change: 0% · Conversion: Moderate
RESTAURANT
$6,730,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,555,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$4,880,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,345,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$4.60M
Range $4.14M – $5.05M · ±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
$52 / 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
$4,322
Tax year 2023
Assessed value
$246,600
Assessed 2023
Previous assessed
$246,600
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$44,400
Assessed improvement
$202,200
Land market value
$45,624
Improvement market value
$207,776
Total market value
$253,400
Applied tax rate
5,271.0000
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
1988
Heating
YES
Cooling
AC.PACKAGE
Stories
5
Total area
88,220 SF
Lot
0.85 ac (37,026 SF)
Zoning code
BB4
APN
59281506160
UPID
US92-1015619
Jurisdiction
SHEBOYGAN
Zoning & alternative use
BB4 · Sheboygan, WI
Zoning BB4 · permitted uses
BB4 · Sheboygan, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sheboygan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$7.2M
RETAIL STORES
Est. value
$6.9M
RESTAURANT
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$5.6M
OFFICE BUILDING
Est. value
$4.9M
WAREHOUSE, STORAGE
Est. value
$4.3M
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1988
Heating
YES
Cooling
Yes
Stories
5
Lot
0.85 ac
Current owner
From public records · entity-resolved
Disposal Svcs Solid W Advanced
Individual
Free & Clear · 13 yrs held
Mailing address
2905 PAINE AVE, SHEBOYGAN, WI 53081-6428
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2013
$1,850,000
Disposal Svcs Solid W Advanced
Feingold H W 1997 Trust
Grant Deed
—
Mar 13, 2009
—
Feingold,harold W Trust
Feingold,harold W
Quit Claim Deed
related
—
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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