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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Commercial real estate
16243rd Lakeshore Dr Butternut, WI 54514-8809
Entity Owned
6-yr Hold
Free & Clear
Property ID
US92-2399877
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
6.16 ac (268,330 SF)
Zoning code
COMMERCIAL-DISTRICT
APN
50-026-2-40-01-08-5 05-006-07000
UPID
US92-2399877
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$985k
Owner & transaction history
William Edward Investments LLC · 6 yrs held
William Edward Investments LLC
since 2020
Last sale
$925,000
4 recorded transactions
Zoning & alternative use
COMMERCIAL-DISTRICT · Butternut, 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 Butternut submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Butternut 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
$1,035,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $925k (Jun 8 2020)
Last sale anchor
$925k
Jun 8 2020
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
—
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
$20,677
Tax year 2023
Assessed value
$1,470,800
Assessed 2023
Previous assessed
$942,000
+56.1% YoY
Effective rate
1.41%
On assessed value
Assessed land
$213,400
Assessed improvement
$1,257,400
Total market value
$1,435,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Lot
6.16 ac (268,330 SF)
Zoning code
COMMERCIAL-DISTRICT
APN
50-026-2-40-01-08-5 05-006-07000
UPID
US92-2399877
Jurisdiction
PRICE
Zoning & alternative use
COMMERCIAL-DISTRICT · Butternut, WI
Zoning COMMERCIAL-DISTRICT · permitted uses
COMMERCIAL-DISTRICT · Butternut, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Butternut. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Lot
6.16 ac
Current owner
From public records · entity-resolved
William Edward Investments LLC
Entity
Free & Clear · 6 yrs held
Mailing address
16243RD LAKESHORE DR, BUTTERNUT, WI 54514-8809
Ownership since
2020
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
Jun 8, 2020
$925,000
William Edward Investments LLC
III Eddie W Krause
Warranty Deed
—
Apr 4, 2017
$835,000
III Eddie W Krause
Timber Breeze Resort LLC
Warranty Deed
—
May 28, 2014
$865,000
Timber Breeze Resort LLC
Northwoods Community Credit Union
Warranty Deed
—
Feb 15, 2012
—
Northern Pines Resort LLC
Lakeside Dream Properties, LLC
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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