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Property profile & analytics
OFF-MARKET
Commercial real estate
203 Main St Monticello, WI 53570-9810
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-2214459
Property summary
AI-generated overview
This exceptional 2,400-square-foot retail space, located at 203 N Main St, presents a fantastic opportunity for a discerning tenant. Recently remodeled, this single-tenant property is move-in ready and ideally suited for a coffee shop or similar retail operation. The lease includes all furniture, fixtures, and equipment (FF&E), eliminating the need for significant upfront investment. A comprehensive inventory list of the included FF&E is available upon request. The property boasts excellent visibility and signage opportunities, ensuring maximum exposure for your business. The lease rate is $12.00 per square foot, modified gross (MG), making this an attractive and cost-effective option. The space is currently vacant and ready for immediate occupancy. Don't miss this chance to secure a prime retail location in a thriving area. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.08 ac (3,354 SF)
APN
23-151-41.1000
UPID
US92-2214459
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
-
JonnyO's Pizzeria Monticello Restaurant
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
Tap LLC · 2 yrs held
Tap LLC
since 2024
Last sale
$260,000
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 Monticello submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monticello 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
$3,433
Tax year 2023
Assessed value
$154,100
Assessed 2023
Previous assessed
$154,100
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$10,900
Assessed improvement
$143,200
Land market value
$16,549
Improvement market value
$217,420
Total market value
$233,969
Applied tax rate
23,151.0000
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
0.08 ac (3,354 SF)
APN
23-151-41.1000
UPID
US92-2214459
Jurisdiction
GREEN
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
Lot
0.08 ac
Current owner
From public records · entity-resolved
Tap LLC
Entity
Mailing address
9725 ASHWORTH DR, VERONA, WI 53593-8358
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2024
—
Tap LLC
—
Deed
related
$160,000 · The Bank Of New Glarus
Apr 17, 2024
$260,000
Tap LLC
Riz Management LLC
Warranty Deed
$200,000 · The Bank Of New Glarus
Mar 19, 2024
—
Riz Management LLC
—
Deed
related
$5,000 · Monticello Industrial Development Corpor
May 4, 2021
$220,000
Riz Management LLC
Perk Properties LLC
Warranty Deed
$201,968 · The Bank Of New Glarus
Jun 1, 2018
—
The Morning Mug LLC
—
Deed
related
$25,000 · Monticello Industrial Development Corpor
Nov 9, 2017
—
Perk Properties LLC
Tracy L Bartels
Quit Claim Deed
related
—
Jul 3, 2017
$143,000
Tracy L Bartels
Peter K Stern JR
Warranty Deed
$114,400 · Greenwood State Bank
Oct 9, 2013
—
Peter K Stern JR
Elizabeth A Stern
Intrafamily Transfer
related
—
Jan 28, 2011
$135,000
Peter K Stern
David P Ott
Warranty Deed
$114,000 · Bank Of Monticello
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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