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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Commercial real estate
24412 75th St, Salem, WI 53168
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-1103913
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1996
Total area
5,890 SF
Lot
0.16 ac (6,970 SF)
Zoning code
B-1
APN
40-4-120-023-1101
UPID
US92-1103913
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
$810k
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.08M
Owner & transaction history
24424 75th Street LLC · 3 yrs held
24424 75th Street LLC
since 2022
Last sale
$1.2M
2 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
$910,000
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
$1,220,000
6.5%
$1,125,000
7%
$1,045,000
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±10% · vs last sale $1.20M (Nov 7 2022)
Last sale anchor
$1.20M
Nov 7 2022
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
$183 / 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
$15,842
Tax year 2023
Assessed value
$1,200,000
Assessed 2023
Previous assessed
$500,000
+140.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$230,000
Assessed improvement
$970,000
Land market value
$212,054
Improvement market value
$894,313
Total market value
$1,106,367
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
1996
Heating
YES
Buildings
2
Total area
5,890 SF
Lot
0.16 ac (6,970 SF)
Zoning code
B-1
APN
40-4-120-023-1101
UPID
US92-1103913
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
1996
Heating
YES
Buildings
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
24424 75th Street LLC
Entity
Mailing address
24424 75TH ST, SALEM, WI 53168-9733
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2022
$1,200,000
24424 75th Street LLC
Keffrey L Sorensen
Condominium Deed
$960,000 · Pnc Bank
Dec 1, 2021
$500,000
Jeffrey L Sorensen
Wendy S Sorensen
Quit Claim Deed
related
—
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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