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Property profile & analytics
OFF-MARKET
Commercial real estate
24517 75th St, Salem, WI 53168-9600
Entity Owned
4-yr Hold
Free & Clear
Property ID
US92-0210476
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1983
Total area
4,320 SF
Lot
0.34 ac (14,854 SF)
Zoning code
B-1
APN
40-4-120-112-2050
UPID
US92-0210476
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
-
SALON DISTINCTION OF SALEM Hair Salon Nail Salon
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
Wisconsin Department Of Transportat · 4 yrs held
Wisconsin Department Of Transportat
since 2021
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
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
$3,142
Tax year 2023
Assessed value
$177,000
Assessed 2023
Previous assessed
$136,000
+30.1% YoY
Effective rate
1.78%
On assessed value
Assessed land
$115,000
Assessed improvement
$62,000
Land market value
$106,027
Improvement market value
$57,162
Total market value
$163,189
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
1983
Heating
YES
Stories
1
Total area
4,320 SF
Lot
0.34 ac (14,854 SF)
Zoning code
B-1
APN
40-4-120-112-2050
UPID
US92-0210476
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
1983
Heating
YES
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Wisconsin Department Of Transportat
Entity
Free & Clear · 4 yrs held
Mailing address
12110 259TH AVE, TREVOR, WI 53179-9507
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
Nov 2, 2021
—
Wisconsin Department Of Transportat
Teak Properties LLC
Warranty Deed
—
Oct 5, 2021
—
Teak Properties LLC
—
Deed
related
$100,000 · Community State Bank
Apr 8, 2021
—
Teak Properties LLC
—
Deed
related
$240,000 · Community State Bank
Nov 27, 2017
$305,000
Teak Properties LLC
Specialty Repair & Finishing LLC
Deed
$253,150 · Southport Bank
Aug 10, 2017
—
Specialty Repair & Finishing L
—
Deed
related
$317,600 · State Bk/lakes
Apr 20, 2016
$150,000
Specialty Repair & Finishing L
Johnson Robert J Trust
Grant Deed
$112,500 · State Bk/tx
—
—
Specialty Repair & Finishing L
—
Deed Of Trust
related
$317,600 · State Bk/lakes
—
—
Johnson Robert L Trust
—
Deed Of Trust
related
$68,000 · Community State 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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