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Property profile & analytics
OFF-MARKET
Estimated value
$295,000
Commercial land
2437 Spooner Ave Altoona, WI 54720-1301
Entity Owned
5-yr Hold
Free & Clear
Property ID
US92-0765686
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.12 ac (5,227 SF)
Zoning code
C
APN
18201-2-270922-410-2125
UPID
US92-0765686
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
-
Benson Electrical LLC Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$295k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$295k
Owner & transaction history
Benson Properties LLC · 5 yrs held
Benson Properties LLC
since 2021
7 recorded transactions
Zoning & alternative use
C · Altoona, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
E. C Commercial District. The C Commercial District is intended to accommodate a variety of commercial developments including retail, dining, service, entertainment, and office uses at scales ranging from small local-serving establishments to large regional serving destinations. The district is further meant to provide housing options above ground floor nonr…
Zone name
Commercial District
General category
COMMERCIAL
Zone area
192.60 ac
Source
City of Altoona, WI
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 Altoona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Altoona 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
$295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$295k
Range $266k – $325k · ±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
—
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
$233
Tax year 2023
Assessed value
$13,100
Assessed 2023
Previous assessed
$13,100
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$13,100
Total market value
$14,400
Applied tax rate
112.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.12 ac (5,227 SF)
Zoning code
C
APN
18201-2-270922-410-2125
UPID
US92-0765686
Jurisdiction
EAU CLAIRE
Zoning & alternative use
C · Altoona, WIZoning C · permitted uses
C · Altoona, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
E. C Commercial District. The C Commercial District is intended to accommodate a variety of commercial developments including retail, dining, service, entertainment, and office uses at scales ranging from small local-serving establishments to large regional serving destinations. The district is further meant to provide housing options above ground floor nonres idential uses. Commercial uses in the district are intended to be formatted in compact, pedestrian-oriented plaza formats and provide access to the site for both motorized and nonmotorized travelers.
Zone name
Commercial District
General category
COMMERCIAL
Zone area
192.60 ac
Source
City of Altoona, WI
Building & site characteristics
From public records
Heating
NONE
Lot
0.12 ac
Current owner
From public records · entity-resolved
Benson Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2437 SPOONER AVE, ALTOONA, WI 54720-1301
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2021
—
Benson Properties LLC
—
Deed
related
$236,000 · Security Financial Bank
Apr 22, 2021
$255,000
Benson Properties LLC
Local Ad Saver LLC
Warranty Deed
—
Mar 9, 2021
—
Local Ad Saver LLC
—
Deed
related
$190,000 · Security Financial Bank
Nov 30, 2011
$105,000
Local Ad Saver LLC
Evenson,mark B & Catherine A
Warranty Deed
$84,000 · Charter Bank
—
—
Local Ad Saver LLC
—
Deed Of Trust
related
$50,000 · Charter Bank
—
—
Local Ad Saver LLC
—
Deed Of Trust
related
$77,000 · Charter Bank
—
—
Mark B Evenson
—
Deed Of Trust
related
$35,000 · M & I Marshall & Isley Bank
—
—
Local Ad Saver LLC
—
Deed Of Trust
related
$165,200 · Charter Bank
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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