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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Showrooms
2233 American Blvd De Pere, WI 54115-8490
Entity Owned
11-yr Hold
Free & Clear
Property ID
US92-0199334
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Total area
6,000 SF
Lot
2.14 ac (93,088 SF)
APN
WD 1374
UPID
US92-0199334
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$748k
Blend (final)
Blend
$675k
Owner & transaction history
Nicolet Real Estate & Inv Corp · 11 yrs held
Nicolet Real Estate & Inv Corp
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+67.3%
Auto repair, garage
$790,000
+27.7%
Office building
$635,000
+2.2%
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 De Pere submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs De Pere 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$620,000
Current use
RESTAURANT
$1,040,000
Change: +67% · Conversion: Difficult
AUTO REPAIR, GARAGE
$790,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$635,000
Change: +2% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$565,000
Change: -9% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$525,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$510,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$113 / 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
$9,075
Tax year 2023
Assessed value
$537,100
Assessed 2023
Previous assessed
$445,900
+20.5% YoY
Effective rate
1.69%
On assessed value
Assessed land
$81,200
Assessed improvement
$455,900
Total market value
$550,900
Applied tax rate
6,328.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Heating
NONE
Total area
6,000 SF
Lot
2.14 ac (93,088 SF)
APN
WD 1374
UPID
US92-0199334
Jurisdiction
BROWN
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
COMMERCIAL (GENERAL) Current
Est. value
$620,000
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$790,000
OFFICE BUILDING
Est. value
$635,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$565,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$525,000
RETAIL STORES
Est. value
$510,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
Heating
NONE
Lot
2.14 ac
Current owner
From public records · entity-resolved
Nicolet Real Estate & Inv Corp
Entity
Free & Clear · 11 yrs held
Mailing address
200 S WASHINGTON ST STE #305, GREEN BAY, WI 54301-4200
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2014
$380,000
Nicolet Real Estate & Inv Corp
Srl2 INC
Grant Deed
—
Jan 31, 2013
$3,261,300
Srl2 INC
Satellite Receivers Ltd
Quit Claim Deed
related
—
Jan 9, 2013
$3,261,300
Srl2 INC
Satellite Receivers Ltd
Quit Claim Deed
related
—
Jan 8, 2010
—
Satellite Receivers Ltd
City Of Depere
Quit Claim Deed
related
—
Dec 11, 2009
$260,000
Satellite Receivers Ltd
Anchorbank Fsb
Warranty Deed
—
Jul 1, 2009
$280,000
Anchorbank
Sheriff Of Brown County
Trustees Deed
related
—
Jul 7, 2005
—
Quality Craftsman INC
City Of De Pere
Grant Deed
—
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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