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Property profile & analytics
OFF-MARKET
Hotels
23 1st St Bayfield, WI 54814-5000
Entity Owned
15-yr Hold
Free & Clear
Property ID
US92-2283847
Property summary
AI-generated overview
This is a 5-unit vacation rental property located in Bayfield, Wisconsin, near the Apostle Islands. The property features a mix of studio, one-bedroom, and two-bedroom units. The building has a living area of 2750 square feet and is situated on a 0.22-acre lot. The units can be rented individually or together, offering flexible usage options. The property is configured in a way suitable for short-term rentals.
Property profile
Verified
Property type
Hotels
Use group
COMMERCIAL (GENERAL)
Lot
0.22 ac (9,540 SF)
APN
04-206-2-50-04-13-2 00-127-45400
UPID
US92-2283847
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
West Big Lake Properties LLC · 15 yrs held
West Big Lake Properties LLC
since 2011
2 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 Bayfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bayfield 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
$6,712
Tax year 2023
Assessed value
$420,400
Assessed 2023
Previous assessed
$304,300
+38.2% YoY
Effective rate
1.60%
On assessed value
Assessed land
$120,100
Assessed improvement
$300,300
Total market value
$414,100
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
Hotels
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Lot
0.22 ac (9,540 SF)
APN
04-206-2-50-04-13-2 00-127-45400
UPID
US92-2283847
Jurisdiction
BAYFIELD
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
Lot
0.22 ac
Current owner
From public records · entity-resolved
West Big Lake Properties LLC
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 797, BAYFIELD, WI 54814-0797
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2011
$300,000
West Big Lake Properties LLC
Gayle D Chatfield
Warranty Deed
—
Dec 12, 2006
—
Gayle D Brygger
James Allen Brygger
Quit Claim 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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