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Property profile & analytics
OFF-MARKET
Estimated value
$9,695,000
Manufacturing properties
1500 Parker Dr Janesville, WI 53545-0732
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-3500180
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1900
Total area
220,284 SF
Lot
17.09 ac (744,528 SF)
Zoning code
BT
APN
124400022
UPID
US92-3500180
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
-
Panoramic Inc Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.69M
CAP Approach
CAP
$9.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.70M
Owner & transaction history
Parker Drive Industrial LLC · 3 yrs held
Parker Drive Industrial LLC
since 2023
Last sale
$9.7M
1 recorded transaction
Zoning & alternative use
BT · Janesville, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Business Technology District is intended to permit high quality office, education, research and technology, light manufacturing, and business service uses that would provide a transition between industrial and commercial uses, The district permits a mix of commercial and manufacturing uses that have limited outside storage needs
Zone name
Business Technology District
General category
INDUSTRIAL
Zone area
25.93 ac
Source
Realmo
Top alternative use upside
Warehouse, storage
$11.6M
+189.7%
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 Janesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Janesville 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
$9,960,000
ML approach
$9,685,000
CAP Approach
CAP Return
Estimation
6%
$10,215,000
6.5%
$9,425,000
7%
$8,755,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,565,000
Change: +190% · Conversion: Easy
Blend value · Realmo final
$9.70M
Range $8.73M – $10.66M · ±10% · vs last sale $9.70M (May 11 2023)
Last sale anchor
$9.70M
May 11 2023
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
$44 / 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
$82,698
Tax year 2023
Assessed value
$4,776,300
Assessed 2023
Previous assessed
$3,413,200
+39.9% YoY
Effective rate
1.73%
On assessed value
Assessed land
$626,600
Assessed improvement
$4,149,700
Applied tax rate
241.0000
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
1900
Heating
NONE
Total area
220,284 SF
Lot
17.09 ac (744,528 SF)
Zoning code
BT
APN
124400022
UPID
US92-3500180
Jurisdiction
ROCK
Zoning & alternative use
BT · Janesville, WIZoning BT · permitted uses
BT · Janesville, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Business Technology District is intended to permit high quality office, education, research and technology, light manufacturing, and business service uses that would provide a transition between industrial and commercial uses, The district permits a mix of commercial and manufacturing uses that have limited outside storage needs
Zone name
Business Technology District
General category
INDUSTRIAL
Zone area
25.93 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$11.6M
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
1900
Heating
NONE
Lot
17.09 ac
Current owner
From public records · entity-resolved
Parker Drive Industrial LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2023
$9,700,000
Parker Drive Industrial LLC
Hendricks Commercial Properties LLC
Special Warranty Deed
$5,500,000 · Abby Bank
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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