Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2117 56th St Kenosha, WI 53140-3876

    • Commercial real estate
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Jan 02, 2024
    $500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1281639
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2117 56th St

    Lot size
    0.15 lot acres
    Zone code
    B-2
    Property type
    Commercial real estate
    APN
    12-223-31-354-010
    APU
    1222331354010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kenosha
    County
    Kenosha
    State
    Wisconsin
    Longitude
    -87.8352
    Latitude
    42.5833
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $588
    $23,400
    $0.00
    $23,400
    -
    $34,137
    $0.00
    $34,137

    Comparable in this City

    • Value Estimation by Request
      4,776 SF

      115 56Th St

      Restaurants • 4,776 SF
      115 56Th St, Kenosha, WI 53140
      View Details
    • Value Estimation by Request
      1.38 Acres

      2918 Washington Rd

      COMMERCIAL (GENERAL) • 1.38 Acres
      2918 Washington Rd, Kenosha, WI 53140-5344
      View Details
    • Value Estimation by Request
      0.19 Acres

      1928 52nd St

      COMMERCIAL (GENERAL) • 0.19 Acres
      1928 52nd St, Kenosha, WI 53140
      View Details
    • Value Estimation by Request
      1,252 SF

      905 Washington Rd

      COMMERCIAL (GENERAL) • 1,252 SF
      905 Washington Rd, Kenosha, WI 53140-2848
      View Details
    • Value Estimation by Request
      1,360 SF

      3105 14th Ave

      COMMERCIAL (GENERAL) • 1,360 SF
      3105 14th Ave, Kenosha, WI 53140-2281
      View Details
    • Value Estimation
      $2,760,000
      30,624 SF

      614 15th Pl

      COMMERCIAL (GENERAL) • 30,624 SF
      614 15th Pl, Kenosha, WI 53140-4413
      View Details

    Similar Nearby for Sale

    • $129,900
      3,260 SF

      Kenosha Commercial Duo - High Exposure!

      Two Storefronts & Storage - Prime Location!
      2116 52Nd St, Kenosha, WI 53140
      View Details
    • Contact for pricing
      4,475 SF

      Prime Kenosha Office Suites

      Downtown Kenosha, Two Suites Available
      1213 55Th St, Kenosha, WI 53140
      View Details
    • $924,000
      4,776 SF

      Kenosha Harborfront Mixed-Use

      Prime Kenosha location, 4,776 sq ft, 3 units.
      115 56Th St, Kenosha, WI 53140
      View Details
    • $1,350,000
      50,000 SF

      Kenosha Commercial Complex - Huge Potential

      50,000 sq ft, 3.5 acres, multiple buildings
      935 Washington Rd, Kenosha, WI 53140
      View Details
    • $2,300,000
      1.55 Acres

      Kenosha Lakefront Commercial Land

      Prime 1.55-acre lakefront development site
      302 58Th St, Kenosha, WI 53140
      View Details
    • $500,000
      113,161 SF

      Manufacturing and Warehouse Site

      Industrial property with manufacturing, warehouse, and office buildings.
      4500 13Th Ct, Kenosha, WI 53140
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo
      1,888 SF

      Kenosha Corner Lot Opportunity

      Prime corner lot ideal for car lot or small business.
      1225 60Th St, Kenosha, WI 53140
      View Details
    • Contact for pricing
      87,115 SF

      Glenwood Crossings Retail Space

      Kenosha, WI Strip Center - Spaces Available
      2811 18Th St, Kenosha, WI 53140
      View Details
    • Contact for pricing
      35,016 SF

      Kenosha Warehouse Space Available

      35,016 SF warehouse space for lease in Kenosha.
      3122 14Th Ave, Kenosha, WI 53140
      View Details
    • Contact for pricing
      10,297 SF

      Anytime Plaza Retail Space

      Kenosha retail space, high visibility.
      2304 18Th St, Kenosha, WI 53140
      View Details
    • $20 SF/Yr
      36,947 SF

      HarborView Medical Office Space

      Downtown Kenosha medical office suites
      600 52Nd St, Kenosha, WI 53140
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2117 56th St
    Kenosha, WI 53140-3876
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.