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Property profile & analytics
OFF-MARKET
Office buildings
2115 Memorial Pl Sheboygan, WI 53081-3714
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US92-0878591
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,652 SF
Lot
0.27 ac (11,718 SF)
Zoning code
BA9
APN
59281211800
UPID
US92-0878591
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
-
Meinhardt Orthodontics Dental Office
-
James Magestro Dental Office
-
Jason Meinhardt Dental Office
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
Meinhardt Prop Invs LLC · 7 yrs held
Meinhardt Prop Invs LLC
since 2019
5 recorded transactions
Zoning & alternative use
BA9 · Sheboygan, 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 Sheboygan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sheboygan 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
$7,943
Tax year 2023
Assessed value
$453,200
Assessed 2023
Previous assessed
$453,200
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$75,500
Assessed improvement
$377,700
Land market value
$77,599
Improvement market value
$388,201
Total market value
$465,800
Applied tax rate
5,271.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
4,652 SF
Lot
0.27 ac (11,718 SF)
Zoning code
BA9
APN
59281211800
UPID
US92-0878591
Jurisdiction
SHEBOYGAN
Zoning & alternative use
BA9 · Sheboygan, WIZoning BA9 · permitted uses
BA9 · Sheboygan, WI
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Meinhardt Prop Invs LLC
Entity
Mailing address
2115 S MEMORIAL PL, SHEBOYGAN, WI 53081-3714
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2020
—
Meinhardt Property Invest LLC
—
Deed
related
$1,049,370 · Bankfirst
Aug 10, 2020
—
Meinhardt Prop Invs LLC
—
Deed
related
$583,950 · Bankfirst
Jul 10, 2019
$445,000
Meinhardt Prop Invs LLC
Magestro,james C
Warranty Deed
$378,250 · Bank First Nat'l
—
—
Meinhardt Prop Invs LLC
—
Deed Of Trust
related
$583,950 · Bankfirst
—
—
Meinhardt Property Invest LLC
—
Deed Of Trust
related
$1,049,370 · Bankfirst
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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