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Property profile & analytics
OFF-MARKET
Commercial real estate
204 Main St, Waupaca, WI 54981-1674
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US92-2555240
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.05 ac (2,047 SF)
APN
34 30 11 8
UPID
US92-2555240
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
-
Hansen Law Offices Law Firm
-
SYNERGY HomeCare Mental Health Service Nursing Home
-
Herrling Clark Law Firm Law Firm
-
Frings Soil Investigations Law Firm Security Service
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
Layered Properties LLC · 1 yrs held
Layered Properties LLC
since 2025
Last sale
$120,000
6 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 Waupaca submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waupaca 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
$1,194
Tax year 2023
Assessed value
$73,500
Assessed 2023
Previous assessed
$50,600
+45.3% YoY
Effective rate
1.62%
On assessed value
Assessed land
$14,700
Assessed improvement
$58,800
Land market value
$18,820
Improvement market value
$75,280
Total market value
$94,100
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
0.05 ac (2,047 SF)
APN
34 30 11 8
UPID
US92-2555240
Jurisdiction
WAUPACA
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
0.05 ac
Current owner
From public records · entity-resolved
Layered Properties LLC
Entity
Mailing address
PO BOX 165, WAUPACA, WI 54981-0165
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2026
—
Baker Waupaca LLC
—
Deed
related
$15,750 · Waupaca County Economic Development Corp
Apr 3, 2025
$120,000
Layered Properties LLC
Patrick J Verner
Warranty Deed
$96,000 · The Farmers State Bank Of Waupaca
Oct 3, 2022
—
Patrick J Verner
—
Deed
related
$35,000 · Farmers State Bank Of Watkins
Oct 1, 2021
$65,000
Patrick J Verner
Pdm Properties LLC
Warranty Deed
$52,000 · The Farmers State Bank Of Waupaca
Jan 4, 2018
$315,000
Baker Waupaca LLC
Stephen F Hansen
Warranty Deed
$249,900 · The Farmers State Bank Of Waupaca
Jul 25, 2017
—
Kenley Hansen
Stephen F Hansen
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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