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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Strip malls
1311 Velp Ave Green Bay, WI 54303-4301
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US92-3289334
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,850 SF
Lot
0.83 ac (35,981 SF)
APN
18 708
UPID
US92-3289334
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
-
Newly Alterations Custom Tailor Renovation Specialist General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$652k
Blend (final)
Blend
$640k
Owner & transaction history
Rdk Propertys LLC · 11 yrs held
Rdk Propertys LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$660,000
+53.9%
Office building
$620,000
+44.4%
Commercial (general)
$510,000
+19.5%
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 Green Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Green Bay 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
NEIGHBORHOOD: SHOPPING CENTER
$430,000
Current use
AUTO REPAIR, GARAGE
$660,000
Change: +54% · Conversion: Difficult
OFFICE BUILDING
$620,000
Change: +44% · Conversion: Moderate
COMMERCIAL (GENERAL)
$510,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$132 / 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
$14,480
Tax year 2023
Assessed value
$705,800
Assessed 2023
Previous assessed
$705,800
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$162,300
Assessed improvement
$543,500
Total market value
$794,200
Applied tax rate
2,289.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Total area
4,850 SF
Lot
0.83 ac (35,981 SF)
APN
18 708
UPID
US92-3289334
Jurisdiction
BROWN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$430,000
AUTO REPAIR, GARAGE
Est. value
$660,000
OFFICE BUILDING
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$510,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Lot
0.83 ac
Current owner
From public records · entity-resolved
Rdk Propertys LLC
Entity
Mailing address
1317 VELP AVE, GREEN BAY, WI 54303-4301
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2014
$350,000
Rdk Propertys LLC
Bank Of Luxemburg
Grant Deed
$450,000 · Bank Of Luxemburg
Nov 13, 2014
$350,000
Rdk Propertys LLC
Bank Of Luxemburg
Grant Deed
$450,000 · Bank Of Luxemburg
Jul 15, 2014
—
Bank Of Luxemburg
Cropswald Investments LLC
Quit Claim Deed
related
—
May 1, 2013
—
Cropswald Investments LLC
C1 Group LLC
Grant Deed
—
Aug 24, 2012
$450,000
Cropswald Investments LLC
C1 Group LLC
Warranty Deed
—
May 24, 2010
$78,000
C1 Group LLC
Associated Bk
Quit Claim Deed
related
—
Mar 14, 2008
$760,000
Associated Bank NA
Sheriff Of Brown County
Trustees Deed
related
—
—
—
C1 Group LLC
—
Deed Of Trust
related
$135,000 · Investors Community Bank
—
—
Cropswald Investments LLC
—
Deed Of Trust
related
$337,500 · Bank Of Luxemburg
—
—
Rdk Propertys LLC
—
Deed Of Trust
related
$150,000 · Bank Of Luxemburg
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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