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Property profile & analytics
OFF-MARKET
Estimated value
$7,335,000
Warehouses
240 Larsen Dr Fond Du Lac, WI 54937-9137
Entity Owned
Absentee Owner
Free & Clear
Property ID
US92-0357192
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Construction
METAL FRAME
Total area
121,500 SF
Lot
19.42 ac (845,848 SF)
Zoning code
M-2
APN
FDL-15-17-28-24-750-00
UPID
US92-0357192
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
-
WSI (Warehouse Specialists, LLC) Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.57M
Blend (final)
Blend
$7.34M
Owner & transaction history
Vh Enterprises LLC
Vh Enterprises LLC
since 2025
1 recorded transaction
Zoning & alternative use
M-2 · Fond Du Lac, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.8M
+22.4%
Office building
$9.5M
+8.2%
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 Fond Du Lac submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fond Du Lac 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
WAREHOUSE, STORAGE
$8,800,000
Current use
RETAIL STORES
$10,775,000
Change: +22% · Conversion: Moderate
OFFICE BUILDING
$9,515,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$7.34M
Range $6.60M – $8.07M · ±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
$60 / 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
$208,153
Tax year 2023
Assessed value
$8,530,700
Assessed 2023
Previous assessed
$8,530,700
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$828,900
Assessed improvement
$7,701,800
Land market value
$1,101,851
Improvement market value
$10,237,949
Total market value
$11,339,800
Applied tax rate
20,226.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Construction
METAL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
121,500 SF
Lot
19.42 ac (845,848 SF)
Zoning code
M-2
APN
FDL-15-17-28-24-750-00
UPID
US92-0357192
Jurisdiction
FOND DU LAC
Zoning & alternative use
M-2 · Fond Du Lac, WI
Zoning M-2 · permitted uses
M-2 · Fond Du Lac, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fond Du Lac. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.8M
RETAIL STORES
Est. value
$10.8M
OFFICE BUILDING
Est. value
$9.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
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
1991
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
19.42 ac
Current owner
From public records · entity-resolved
Vh Enterprises LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2525 N CASALOMA DR, APPLETON, WI 54913-8865
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Aug 12, 2025
—
Vh Enterprises LLC
Vh Enterprises LLP
Deed
related
—
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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