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

    228 Military Rd Fond Du Lac, WI 54935-4819

    • Commercial real estate
    • 6,720 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimations
    $900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-3455780
    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

    • Hometown Transportation / Courier Service
    • Share Fine Art Galeries / Art Gallery
    • Home Pro Roofing / Roofing Company / General Contractor
    • Wisconsin Natural Air duct Cleaning & Mold Remdeiation Fond du Lac / HVAC Service
    • Ewert Pest and Wildlife Control / Garden Center

    Property Details for 228 Military Rd

    Year built
    1927
    Construction
    FRAME
    Lot size
    0.35 lot acres
    Property size
    6,720 SF
    Zone code
    B-4
    Property type
    Commercial real estate
    APN
    FDL-15-17-15-24-819-00
    APU
    FDL1517152481900

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $850,000
      6.5%
      $785,000
      7%
      $730,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,026,000
      Market price range: $226k - $1.33M
      AI Estimate
      $884,000
      Market price range: $258k - $1.33M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $960,000
      Current use
      RESTAURANT
      $925,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fond Du Lac
    County
    Fond Du Lac
    State
    Wisconsin
    Longitude
    -88.4542
    Latitude
    43.7729
    CBSA code
    22540
    CBSA name
    FOND DU LAC, 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
    $7,071
    $41,900
    $250,200
    $292,100
    -
    $55,697
    $332,589
    $388,286

    Comparable in this City

    • Value Estimation by Request
      0.29 Acres

      Military Rd

      COMMERCIAL (GENERAL) • 0.29 Acres
      Military Rd, Fond Du Lac, WI 54935
      View Details
    • Value Estimation by Request
      0.06 Acres

      75 Pioneer Rd

      COMMERCIAL (GENERAL) • 0.06 Acres
      75 Pioneer Rd, Fond Du Lac, WI 54935-3873
      View Details
    • Value Estimation by Request
      1.20 Acres

      181 Pioneer Rd

      COMMERCIAL (GENERAL) • 1.20 Acres
      181 Pioneer Rd, Fond Du Lac, WI 54935
      View Details
    • Value Estimation by Request
      0.06 Acres

      2nd Streeter Ct

      COMMERCIAL (GENERAL) • 0.06 Acres
      2nd Streeter Ct, Fond Du Lac, WI 54935
      View Details
    • Value Estimation by Request
      0.07 Acres

      Water St

      COMMERCIAL (GENERAL) • 0.07 Acres
      Water St, Fond Du Lac, WI 54935
      View Details
    • Value Estimation by Request
      0.16 Acres

      Winnebago Dr

      COMMERCIAL (GENERAL) • 0.16 Acres
      Winnebago Dr, Fond Du Lac, WI 54935
      View Details

    Similar Nearby for Sale

    • $2,650,000
      7.88 Acres

      E Johnson Street Commercial Land

      7.88 Acres, Prime Fond du Lac Location
      0 Johnson St, Fond du Lac, WI 54935
      View Details
    • $574,900
      5.71 Acres

      Woodbine Park Rd Commercial Land

      5.7 Acres, High Visibility, C-2 Zoning
      982 Woodbine Park Rd, Fond du Lac, WI 54935
      View Details
    • $750,000
      2,400 SF

      Prime Fond du Lac Auto Shop & Development Site

      4-Acre Lot, 2400 SF Workshop, High Traffic
      30 Pioneer Rd, Fond du Lac, WI 54935
      View Details
    • $1,650,000
      2,800 SF

      Johnson Street Office Building

      Prime Fond du Lac Office Space - Vacant
      551 Johnson St, Fond du Lac, WI 54935
      View Details
    • $700,000
      6,090 SF

      Prime Medical Office Condo, Fond du Lac

      6,090 SF Medical Office, Owner/User Opportunity
      101 Camelot Dr, Fond du Lac, WI 54935
      View Details
    • $273,000
      2,315 SF

      Fond du Lac Multi-Unit Property

      Fully rented 3-unit property in Fond du Lac, Wisconsin.
      140 W 4Th St, Fond du Lac, WI 54935
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      4,118 SF

      Flex/Office Facility Near I-41

      Flex/office facility with fenced parking and outside storage available for rent.
      1821 Morris St, Fond du Lac, WI 54935
      View Details
    • Contact for pricing
      14,000 SF

      Retail Space with Refrigeration

      Retail space available with existing lease and refrigeration equipment.
      824 S Main St, Fond du Lac, WI 54935
      View Details
    • $9 SF/Yr
      15,600 SF

      Fond du Lac Flex Space Available

      Modern Flex Space, Multiple Units, WI
      1285 Morris St, Fond du Lac, WI 54935
      View Details
    • $650,000
      5,264 SF

      Downtown Office Space with Parking

      Office space for rent in a prime downtown location.
      55 S Main St, Fond du Lac, WI 54935
      View Details
    • $16 SF/Yr
      8,444 SF

      Fond du Lac Executive Office Space

      Prime Retail/Office Space Available
      928 Main St, Fond du Lac, WI 54935
      View Details
    • $4 SF/Yr
      12,000 SF

      Warehouse with Easy Highway Access

      12,000 SF warehouse with dock and yard space available.
      800 Morris St, Fond du Lac, WI 54935
      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.
    228 Military Rd
    Fond Du Lac, WI 54935-4819
    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.