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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Commercial real estate
24124 75th St, Salem, WI 53168
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-0722428
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2022
Total area
627 SF
Lot
0.14 ac (6,055 SF)
Zoning code
B-1
APN
40-4-120-112-1195
UPID
US92-0722428
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
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.19M
Owner & transaction history
524 Circle Drive LLC · 2 yrs held
524 Circle Drive LLC
since 2024
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
B-1 · Salem, WI
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 Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem 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
$1,185,000
ML approach
$1,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $1.19M (May 24 2024)
Last sale anchor
$1.19M
May 24 2024
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
$1,890 / 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
$9,335
Tax year 2023
Assessed value
$709,500
Assessed 2023
Previous assessed
$709,500
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$59,000
Assessed improvement
$650,500
Land market value
$54,396
Improvement market value
$599,743
Total market value
$654,139
Applied tax rate
171.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2022
Heating
YES
Total area
627 SF
Lot
0.14 ac (6,055 SF)
Zoning code
B-1
APN
40-4-120-112-1195
UPID
US92-0722428
Jurisdiction
KENOSHA
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Salem, WI
Zoning B-1 · permitted uses
B-1 · Salem, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salem. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2022
Heating
YES
Lot
0.14 ac
Current owner
From public records · entity-resolved
524 Circle Drive LLC
Entity
Mailing address
2844 FREDERICK DOUGLASS BLVD APT 6C, NEW YORK, NY 10039-2171
Ownership since
2024
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
May 24, 2024
$1,187,000
524 Circle Drive LLC
Boundless Real Estate Holdings LLC
Special Warranty Deed
$179,596 · Boundless Real Estate Holdings
Dec 28, 2021
$300,000
Bounders Real Estate Holdings LLC
Bakeria LLP
Warranty Deed
—
Jul 5, 2017
$239,900
Mcgoverns Bakery LLC
Klaus D Bark & Regina Bar
Grant Deed
—
Jul 5, 2017
$262,500
Bakeria LLP
Mcgoverns Bakery LLC
Deed
$205,000 · Southport Bank
Aug 13, 2013
$222,000
Heidi Brianas Bakery INC
Bark Klaus D & R Trust
Dual Purpose Document
related
$222,000 · Bark Klaus D & Regina Trust
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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