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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Commercial real estate
24421 75th St, Salem, WI 53168-9700
Entity Owned
2-yr Hold
Free & Clear
Property ID
US92-3470328
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1956
Total area
5,612 SF
Lot
0.49 ac (21,344 SF)
Zoning code
B-1
APN
40-4-120-112-2035
UPID
US92-3470328
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
-
On My Way Corporate Office
-
The Lash Room LLC Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$780k
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$654k
Blend (final)
Blend
$770k
Owner & transaction history
Lake 50 LLC · 2 yrs held
Lake 50 LLC
since 2023
Last sale
$859,000
7 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
$685,000
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
$1,160,000
6.5%
$1,070,000
7%
$995,000
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $859k (Aug 11 2023)
Last sale anchor
$859k
Aug 11 2023
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
$137 / 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
$9,614
Tax year 2023
Assessed value
$730,500
Assessed 2023
Previous assessed
$452,000
+61.6% YoY
Effective rate
1.32%
On assessed value
Assessed land
$171,000
Assessed improvement
$559,500
Land market value
$157,657
Improvement market value
$515,844
Total market value
$673,501
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
1956
Heating
YES
Buildings
5
Total area
5,612 SF
Lot
0.49 ac (21,344 SF)
Zoning code
B-1
APN
40-4-120-112-2035
UPID
US92-3470328
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
1956
Heating
YES
Buildings
5
Lot
0.49 ac
Current owner
From public records · entity-resolved
Lake 50 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
6847 N LEXINGTON LN, NILES, IL 60714-4441
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2023
$859,000
Lake 50 LLC
Park Apartments LLC
Warranty Deed
—
Nov 2, 2021
—
Wisconsin Department Of Transportat
Park Apartments LLC
Warranty Deed
—
Jul 29, 2021
—
Park Apt LLC
—
Deed
related
$300,000 · Consumers Cooperative Cu
Sep 7, 2017
—
Park Apartments LLC
—
Deed
related
$237,000 · Us Bk
Dec 16, 2016
$440,000
Park Apartments LLC
New Horizon Properties LLC
Warranty Deed
—
Apr 17, 2012
$397,500
New Horizon Properties LLC
Nopenz,howard F & Tommye L
Warranty Deed
—
—
—
Park Apartments LLC
—
Loan Modification
related
$237,000 · Us Bk
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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