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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Medical Office Space
2219 Garfield St Two Rivers, WI 54241-2416
Entity Owned
Free & Clear
Property ID
US92-3197974
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1977
Total area
45,048 SF
Lot
1.35 ac (58,762 SF)
Zoning code
B1
APN
53-147-009-015.08
UPID
US92-3197974
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
-
Paul M. Smullen MD Medical Clinic
-
Aurora Two Rivers Clinic Physician
-
Janna A. Kroiss DO Pediatrician Physician
-
Aurora Prescription Dispensing Center Pharmacy
-
Tracy Sherman MD Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.27M
Owner & transaction history
AURORA MEDICAL GROUP INC
AURORA MEDICAL GROUP INC
Zoning & alternative use
B1 · Two Rivers, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
zoning map 2024
Top alternative use upside
Restaurant
$2.1M
+15.3%
Commercial (general)
$2.0M
+6.9%
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 Two Rivers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Two Rivers 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
by Request
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,830,000
Current use
RESTAURANT
$2,110,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,955,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10%
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
$28 / 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
$42,013
Tax year 2023
Assessed value
$1,546,100
Assessed 2023
Previous assessed
$1,546,100
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$52,400
Assessed improvement
$1,493,700
Total market value
$2,453,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1977
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
70
Total area
45,048 SF
Lot
1.35 ac (58,762 SF)
Zoning code
B1
APN
53-147-009-015.08
UPID
US92-3197974
Jurisdiction
MANITOWOC
Zoning & alternative use
B1 · Two Rivers, WIZoning B1 · permitted uses
B1 · Two Rivers, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
zoning map 2024
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.8M
RESTAURANT
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1977
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
70
Lot
1.35 ac
Current owner
From public records · entity-resolved
AURORA MEDICAL GROUP INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 341880, MILWAUKEE, WI 53234-1880
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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