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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Warehouses
15 Division St Fond Du Lac, WI 54935-4225
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US92-0174512
Property summary
AI-generated overview
This turnkey, established bar and restaurant, located at 15 W Division St in Fond du Lac, Wisconsin, presents a unique investment opportunity. The 8,615 square foot, two-story building sits on a 0.17-acre lot and boasts a prime downtown location. Built in 1900, the property has undergone a complete remodel and features a main floor bar and dining area, along with private rooms ideal for events. An upstairs bar with overhead garage doors opens to a rooftop seating area, perfect for warmer months. The lower level includes a walk-in cooler, freezer, and ample storage. Currently operating at 100% occupancy, this single-unit property is zoned C-2 and offers multiple revenue streams, including opportunities for live music and sporting event viewings. The property's strong community presence and established clientele base make it an attractive investment for owner-users seeking a turnkey business with significant expansion potential. The asking price is $1,200,000, translating to $139.29 per square foot. The property's APN is FDL1517104352500. This is a rare chance to acquire a thriving business in a desirable location.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1900
Construction
FRAME
Total area
8,927 SF
Lot
0.18 ac (7,623 SF)
Zoning code
B-3
APN
FDL-15-17-10-43-525-00
UPID
US92-0174512
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
-
Fat Joe's Bar and Grill Restaurant
-
ATM Atm
-
Fat Joe's Burgers and Brew Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$733k
Blend (final)
Blend
$900k
Owner & transaction history
Jstw LLC · 14 yrs held
Jstw LLC
since 2011
5 recorded transactions
Zoning & alternative use
B-3 · Fond Du Lac, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+120.6%
Restaurant
$1.2M
+112.4%
Retail stores
$775,000
+34.0%
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 Fond Du Lac submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fond Du Lac 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%
$1,155,000
6.5%
$1,065,000
7%
$990,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$580,000
Current use
COMMERCIAL (GENERAL)
$1,275,000
Change: +121% · Conversion: Difficult
RESTAURANT
$1,225,000
Change: +112% · Conversion: Difficult
RETAIL STORES
$775,000
Change: +34% · Conversion: Moderate
OFFICE BUILDING
$580,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$101 / 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
$14,059
Tax year 2023
Assessed value
$522,700
Assessed 2023
Previous assessed
$522,700
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$43,400
Assessed improvement
$479,300
Land market value
$57,691
Improvement market value
$637,130
Total market value
$694,821
Applied tax rate
20,226.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
8,927 SF
Lot
0.18 ac (7,623 SF)
Zoning code
B-3
APN
FDL-15-17-10-43-525-00
UPID
US92-0174512
Jurisdiction
FOND DU LAC
Zoning & alternative use
B-3 · Fond Du Lac, WI
Zoning B-3 · permitted uses
B-3 · Fond Du Lac, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fond Du Lac. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$775,000
OFFICE BUILDING
Est. value
$580,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
OFFICE BUILDING
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
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Jstw LLC
Entity
Mailing address
15 W DIVISION ST, FOND DU LAC, WI 54935-4225
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2025
—
Jstw LLC
—
Deed
related
$1,365,400 · Ergo Bank
Oct 29, 2021
—
Jstw LLC
—
Deed
related
$700,000 · Tsb Bank
Sep 20, 2011
$130,000
Jstw LLC
Bryan J Perl
Warranty Deed
$122,344 · National Exchange Bank & Trust
Jan 28, 2011
$90,000
Bryan J Perl
North Shore Bank Fsb
Warranty Deed
—
Jul 9, 2009
—
North Shore Bank Fsb
Ransom S Audio Video INC
Sheriffs 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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