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Property profile & analytics
OFF-MARKET
Auto shops
1552 Smt Ave Beloit, WI 53511-3676
Individually Owned
Free & Clear
Property ID
US92-1107792
Property summary
AI-generated overview
This expansive 5,100 square foot industrial building, situated on a 0.23-acre lot at 1552 Summit Avenue in Beloit, Wisconsin, presents a compelling investment opportunity. Previously utilized as a muffler shop, the property offers significant potential for a variety of industrial uses, subject to confirmation with the City of Beloit. The building features several rooms suitable for storage or office space, providing flexibility for diverse operational needs. Two bathrooms are included
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1973
Total area
5,100 SF
Lot
0.22 ac (9,583 SF)
APN
12521315
UPID
US92-1107792
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
-
Mc Killips Muffler & Exhaust Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
John K Richardson
John K Richardson
since 2025
Last sale
$125,000
4 recorded transactions
Zoning & alternative use
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 Beloit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beloit 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,789
Tax year 2023
Assessed value
$113,600
Assessed 2023
Previous assessed
$113,600
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$24,900
Assessed improvement
$88,700
Total market value
$129,200
Applied tax rate
206.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1973
Heating
NONE
Total area
5,100 SF
Lot
0.22 ac (9,583 SF)
APN
12521315
UPID
US92-1107792
Jurisdiction
ROCK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Lot
0.22 ac
Current owner
From public records · entity-resolved
John K Richardson
Individual
Free & Clear · 0 yrs held
Mailing address
2781 W CREEDY RD, BELOIT, WI 53511
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2025
$125,000
John K Richardson
Dana C Myk
Personal Rep. Deed
—
Aug 12, 2025
—
Estate Of John A Mckillips
Dana C Myk
Quitclaim Deed
—
Jun 12, 2023
—
Dana C Mckillips
John A Mckillips
Intrafamily Transfer
related
—
Jun 21, 2012
$65,000
John A Mckillips
The Robert L Draeving & Judith A Dr
Land Contract
$63,000 · Robert Draeving
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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