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Property profile & analytics
OFF-MARKET
Banks
2406 Washington St Manitowoc, WI 54220-4820
Entity Owned
9-yr Hold
Free & Clear
Property ID
US92-3371740
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1945
Total area
7,740 SF
Lot
0.39 ac (17,001 SF)
APN
52-000-255-200.00
UPID
US92-3371740
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
-
Riley Haupt Real Estate - Coldwell Banker Real Estate Group Manitowoc Real Estate Agency
-
Chad Hoerth Real Estate Agency
-
Nicole Staudinger LLC Real Estate Agency
-
Coldwell Banker Real Estate Group, Lori Koschnick Real Estate Agency
-
Shoreline Property Management LLC Property Management Company
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
Pfi Wisconsin LLC · 9 yrs held
Pfi Wisconsin LLC
since 2017
5 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 Manitowoc submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manitowoc 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
$8,268
Tax year 2023
Assessed value
$504,400
Assessed 2023
Previous assessed
$403,500
+25.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$85,000
Assessed improvement
$419,400
Land market value
$85,101
Improvement market value
$419,899
Total market value
$505,000
Applied tax rate
251.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1945
Heating
NONE
Stories
1
Units
1
Total area
7,740 SF
Lot
0.39 ac (17,001 SF)
APN
52-000-255-200.00
UPID
US92-3371740
Jurisdiction
MANITOWOC
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
Year built
1945
Heating
NONE
Stories
1
Units
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Pfi Wisconsin LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1149 E 9TH ST, LOCKPORT, IL 60441-3219
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
—
Pfi Wisconsin LLC
—
Deed
related
$23,000 · Busey Bank
Oct 20, 2017
—
Pfi Wisconsin LLC
—
Deed
related
$1,115,000 · First Midwest Bank
Jan 19, 2017
$327,400
Pfi Wisconsin LLC
Bytof Limited Family Ptshp
Warranty Deed
—
Jan 9, 2008
$352,000
Bytof Family
2406 Washington Street LLC
Warranty Deed
$250,000 · Palmer Joseph E & K M Trust
May 2, 2006
—
2406 Washington Street LLC
Dezeeuw,robert L
Warranty 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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