Back to Search
Property profile & analytics
OFF-MARKET
Commercial real estate
221 Albert St Portage, WI 53901-1361
Individually Owned
4-yr Hold
Free & Clear
Property ID
US92-2007066
Property summary
AI-generated overview
This exceptional 8,556 square foot commercial property located at 221 E Albert Street in Portage, Wisconsin presents a rare opportunity for a discerning buyer. Situated on a 0.35-acre lot, this versatile building offers a multitude of potential uses. The expansive interior space currently includes warehouse space, office areas, a reception area, a kitchen, and a conference room. Heated storage is also available. The property boasts convenient features such as loading docks and overhead garage doors, ensuring efficient operations. Ample parking is also provided. The flexible floor plan allows for customization to suit a variety of business needs, including potential retail space. Its prime location in Portage, Wisconsin, benefits from high visibility due to its frontage on heavily traveled streets on both the front and rear of the building. Priced at $300,000, this property represents an outstanding value in a highly desirable location. Don't miss this chance to acquire a versatile and well-situated commercial space.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.35 ac (15,377 SF)
APN
11271-2020
UPID
US92-2007066
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
-
Electric 1 Electrical Service General Contractor
-
Buckhorn Land Development Corporation Construction Company General Contractor
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
JAY E HOWELL · 1 yrs held
JAY E HOWELL
since 2025
Last sale
$280,000
1 recorded transaction
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 Portage submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portage 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
$3,458
Tax year 2023
Assessed value
$196,800
Assessed 2023
Previous assessed
$166,800
+18.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$36,300
Assessed improvement
$160,500
Land market value
$38,042
Improvement market value
$168,204
Total market value
$206,246
Applied tax rate
11,271.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.35 ac (15,377 SF)
APN
11271-2020
UPID
US92-2007066
Jurisdiction
COLUMBIA
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
Heating
NONE
Lot
0.35 ac
Current owner
From public records · entity-resolved
JAY E HOWELL
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 261, PORTAGE, WI 53901-0261
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2025
$280,000
—
—
—
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 221 Albert St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
