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Property profile & analytics
OFF-MARKET
Estimated value
$3,210,000
Assisted living facilities
2021 Alverno Rd Manitowoc, WI 54220-9208
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US92-1201527
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2002
Total area
108,212 SF
Lot
12.56 ac (547,114 SF)
APN
52-827-303-125.00
UPID
US92-1201527
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
-
Hoffman Tracy L MD Geriatric Care Provider
-
Jackson Lorraine MD Physician
-
Manitowoc Health & Rehabilitation Center Nursing Home
-
Manitowoc Health Care Center Nursing Home
-
Heidi Loewe Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.21M
Owner & transaction history
Manitowoc Property LLC · 8 yrs held
Manitowoc Property LLC
since 2018
7 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 Manitowoc submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manitowoc 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
WAREHOUSE, STORAGE
$5,270,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$3.21M
Range $2.89M – $3.53M · ±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
$30 / 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
$142,602
Tax year 2023
Assessed value
$8,640,300
Assessed 2023
Previous assessed
$6,179,000
+39.8% YoY
Effective rate
1.65%
On assessed value
Assessed land
$439,000
Assessed improvement
$8,201,300
Land market value
$439,498
Improvement market value
$8,210,602
Total market value
$8,650,100
Applied tax rate
251.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2002
Heating
NONE
Stories
1
Units
1
Total area
108,212 SF
Lot
12.56 ac (547,114 SF)
APN
52-827-303-125.00
UPID
US92-1201527
Jurisdiction
MANITOWOC
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
WAREHOUSE, STORAGE
Est. value
$5.3M
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
2002
Heating
NONE
Stories
1
Units
1
Lot
12.56 ac
Current owner
From public records · entity-resolved
Manitowoc Property LLC
Entity
Mailing address
1 TRUMAN AVE, LAKEWOOD, NJ 08701-5661
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2021
—
Manitowoc Property LLC
—
Deed
related
$13,226,400 · Housing & Healthcare Finance LLC
Jun 5, 2018
$8,998,000
Manitowoc Property LLC
Manitowoc Health Care Prop LLC
Grant Deed
$17,250,000 · Fce Lending LLC
Jun 6, 2016
—
Manitowoc Health Care Props In
—
Deed
related
$17,600,000 · Usameribank
Mar 3, 2008
—
Manitowoc Health Care Props Ll
Manitowoc County
Quit Claim Deed
$5,465,000 · Investors Community Bank
—
—
Manitowoc Health Care Properti
—
Deed Of Trust
related
$500,000 · Investors Community Bank
—
—
Manitowoc Health Care Props In
—
Deed Of Trust
related
$17,600,000 · Usameribank
—
—
Manitowoc Health Care Props Ll
—
Loan Modification
related
$1,075,000 · Investors Community 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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