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Property profile & analytics
OFF-MARKET
Bars & Pubs
2416 Lathrop Ave Mount Pleasant, WI 53405-4141
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US92-3383592
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1930
Total area
1,468 SF
Lot
0.14 ac (6,142 SF)
Zoning code
B2
APN
276 000023432000
UPID
US92-3383592
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
Pauls Pub LLC · 13 yrs held
Pauls Pub LLC
since 2012
6 recorded transactions
Zoning & alternative use
B2 · Mount Pleasant, 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 Mount Pleasant submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Pleasant 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
$4,801
Tax year 2023
Assessed value
$180,000
Assessed 2023
Previous assessed
$180,000
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$55,100
Assessed improvement
$124,900
Land market value
$61,022
Improvement market value
$138,326
Total market value
$199,348
Applied tax rate
276.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1930
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
1,468 SF
Lot
0.14 ac (6,142 SF)
Zoning code
B2
APN
276 000023432000
UPID
US92-3383592
Jurisdiction
RACINE
Zoning & alternative use
B2 · Mount Pleasant, WI
Zoning B2 · permitted uses
B2 · Mount Pleasant, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Pleasant. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Pauls Pub LLC
Entity
Mailing address
2416 LATHROP AVE, MOUNT PLEASANT, WI 53405-4141
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2023
—
Pauls Pub LLC
—
Deed
related
$75,000 · Educators Cu
Sep 21, 2012
$132,500
Pauls Pub LLC
Ddm Investments LLC
Warranty Deed
$180,000 · Charles W & Mary M Lueke
Jul 19, 2011
—
Ddm Investments LLC
Bohlman,steven
Warranty Deed
—
Feb 1, 2008
$144,000
Steven Bohlman
Ddm Investments LLC
Grant Deed
—
Dec 22, 2004
$170,000
Ddm Investments LLC
Milicevic,milovan
Warranty Deed
$144,000 · Southport Bank
—
—
Pauls Pub LLC
—
Deed Of Trust
related
$180,000 · Charles W & Mary M Lueke
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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