Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2433 Riverside Dr Beloit, WI 53511-2498

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2433 Riverside Dr Beloit, WI 53511-2498

    View on Map
    • Office buildings
    • 8.98 lot acres
    Off-Market
    Property ID
    US92-0195504
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retired Senior Volunteer / Charitable Organization / Social Service Agency
    • RSVP / Charitable Organization / Social Service Agency
    • Riverside Cleaners Coin Op Laundromat / (Bike/Boat/Book/etc) Store
    • Beloit MHP / Campground & RV Park

    Property Details for 2433 Riverside Dr

    Year built
    1950
    Lot size
    8.98 lot acres
    Property type
    Office buildings
    APN
    6-2-256A
    APU
    62256A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Beloit
    County
    Rock
    State
    Wisconsin
    Longitude
    -89.0349
    Latitude
    42.5392
    CBSA code
    27500
    CBSA name
    JANESVILLE, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $33,304
    $127,800
    $2,467,900
    $2,595,700
    -
    $0.00
    $0.00
    $2,698,800

    Comparable in this City

    • Value Estimation by Request
      1,376 SF

      1691 Gale Dr

      OFFICE BUILDING • 1,376 SF
      1691 Gale Dr, Beloit, WI 53511-1766
      View Details
    • Value Estimation by Request
      1,716 SF

      654 Blf St

      OFFICE BUILDING • 1,716 SF
      654 Blf St, Beloit, WI 53511-6156
      View Details
    • Value Estimation by Request
      2,880 SF

      816 4th St

      OFFICE BUILDING • 2,880 SF
      816 4th St, Beloit, WI 53511-4431
      View Details
    • Value Estimation by Request
      5,746 SF

      424 College St

      OFFICE BUILDING • 5,746 SF
      424 College St, Beloit, WI 53511-6310
      View Details
    • Value Estimation by Request
      4,752 SF

      611 Grand Ave

      OFFICE BUILDING • 4,752 SF
      611 Grand Ave, Beloit, WI 53511-6399
      View Details
    • Value Estimation by Request
      17,828 SF

      100 Grand Ave

      OFFICE BUILDING • 17,828 SF
      100 Grand Ave, Beloit, WI 53511-6255
      View Details

    Similar Nearby for Sale

    • $698,000

      Freestanding Commercial Building with Drive-Thru

      4,388 SF building on 1.5 acres with drive-thru.
      1795 S Madison Rd, Beloit, WI 53511
      View Details
    • Contact for pricing
      15,000 SF

      Multi-Unit Industrial Building For Sale

      Eight-unit industrial building, fully rented, ideal for investors or owner-occupants.
      2820-2834 S Bartells Dr, Beloit, WI 53511
      View Details
    • $430,000

      Income-Producing Beloit Retail Strip Center

      Fully leased office and retail strip center in Beloit, Wisconsin.
      1517 E Huebbe Pkwy, Beloit, WI 53511
      View Details
    • $174,900

      Updated Commercial Building in Beloit

      Low-maintenance commercial building with flexible layout and great visibility.
      1680 Huebbe Pkwy, Beloit, WI 53511
      View Details
    • $169,900

      Upgraded Commercial Space in Beloit

      Freshly improved interior ideal for retail, office, or boutique.
      1304 Cranston Rd, Beloit, WI 53511
      View Details
    • $1,250,000

      Versatile Commercial Space on Cranston

      Expansive commercial property with high visibility and versatile space.
      1125 E Cranston Rd, Beloit, WI 53511
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,768 SF

      Innovative Loft-Style Office and Hub

      Transformed industrial spaces into cutting-edge offices and creative business ecosystem.
      525-705 3Rd St, Beloit, WI 53511
      View Details
    • Contact for pricing

      Revitalized Industrial Space for Lease

      Unique loft-style offices and creative hubs in Beloit, WI.
      655 3Rd St, Beloit, WI 53511
      View Details
    • $2,800 /Mo
      5,301 SF

      Professional Center For Lease

      Professional Center For Lease
      2797 Prairie Ave, Beloit, WI 53511
      View Details
    • $1,795 /Mo

      Versatile Commercial Space in Beloit

      1,200 sq ft commercial space with flexible layout.
      524 E Grand Ave, Beloit, WI 53511
      View Details
    • Contact for pricing
      6,145 SF

      Class A Medical Office Space

      Newly constructed medical office space in Beloit, Wisconsin.
      2102 Freeman Pkwy, Beloit, WI 53511
      View Details
    • Contact for pricing

      Retail Center Near Beloit Hospital

      57,540 SF shopping center near Beloit Memorial Hospital.
      2711 Prairie Ave, Beloit, WI 53511
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2433 Riverside Dr
    Beloit, WI 53511-2498
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!