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Property profile & analytics
OFF-MARKET
Estimated value
$1,960,000
Motels
2200 44th St Manitowoc, WI 54220-9288
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-0175117
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1992
Total area
19,416 SF
Lot
1.27 ac (55,408 SF)
APN
52-835-402-022.00
UPID
US92-0175117
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
-
Quality Inn Hotel & Motel
-
First Notch Solutions LLC Title Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.96M
Owner & transaction history
Mishi Arya Sanvi LLC · 5 yrs held
Mishi Arya Sanvi LLC
since 2021
Last sale
$1.8M
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
$2,155,000
ML approach
$2,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,915,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,820,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,795,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.96M
Range $1.76M – $2.16M · ±10% · vs last sale $1.81M (Jul 2 2021)
Last sale anchor
$1.81M
Jul 2 2021
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
$101 / 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
$32,188
Tax year 2023
Assessed value
$1,953,100
Assessed 2023
Previous assessed
$1,650,000
+18.4% YoY
Effective rate
1.65%
On assessed value
Assessed land
$332,300
Assessed improvement
$1,620,800
Land market value
$332,674
Improvement market value
$1,622,626
Total market value
$1,955,300
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1992
Heating
NONE
Stories
2
Units
1
Total area
19,416 SF
Lot
1.27 ac (55,408 SF)
APN
52-835-402-022.00
UPID
US92-0175117
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
RESTAURANT
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1992
Heating
NONE
Stories
2
Units
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Mishi Arya Sanvi LLC
Entity
Mailing address
2200 S 44TH ST, MANITOWOC, WI 54220-9288
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Feb 25, 2025
—
Mishi Arya Sanvi LLC
—
Deed
related
$50,500 · National Exchange Bank & Trust
Jan 14, 2025
—
Mishi Arya Sanvi LLC
—
Deed
related
$861,000 · Wbd INC
Oct 24, 2024
—
Mishi Arya Sanvi LLC
—
Deed
related
$2,040,000 · National Exchange Bank & Trust
Jul 2, 2021
$1,811,000
Mishi Arya Sanvi LLC
Neelkanth Hospitality INC
Warranty Deed
$1,500,000 · First Chatham Bank
Feb 23, 2016
$1,050,000
Neelkanth Hospitality INC
Ai Shri Khodiyar INC
Warranty Deed
$1,300,000 · Baylake Bank
Jun 21, 2012
$1,250,000
Ai Shri Khodiyar INC
Midwest Heritage Inn Of Manitowoc
Warranty Deed
$926,000 · International Bank Of Chicago
—
—
Ai Shri Khodiyar INC
—
Deed Of Trust
related
$74,477 · International Bk/chicago
—
—
Ai Shri Khodiyar INC
—
Deed Of Trust
related
$150,000 · International Bk/chicago
—
—
Ai Shri Khodiyar INC
—
Deed Of Trust
related
$926,000 · International Bank Of Chicago
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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