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Property profile & analytics
OFF-MARKET
Estimated value
$3,425,000
Distribution centers
2500 Kennedy Dr Beloit, WI 53511-6902
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-1553094
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2005
Total area
56,035 SF
Lot
5.06 ac (220,239 SF)
APN
23041200
UPID
US92-1553094
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
-
Jazz Pac Llc Medical Clinic
-
CB Distributors Inc Big Box & Wholesale Store
-
21st Century Smoke (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.44M
CAP Approach
CAP
$2.72M
Comparable Approach
Comparable
$3.43M
Blend (final)
Blend
$3.43M
Owner & transaction history
Backyard Properties Of Rock County · 4 yrs held
Backyard Properties Of Rock County
since 2021
Last sale
$3.8M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.3M
+87.6%
Auto repair, garage
$4.2M
+49.8%
Office building
$4.2M
+48.5%
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 Beloit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beloit 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
$3,350,000
ML approach
$3,435,000
CAP Approach
CAP Return
Estimation
6%
$2,945,000
6.5%
$2,720,000
7%
$2,525,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,825,000
Current use
COMMERCIAL (GENERAL)
$5,305,000
Change: +88% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,235,000
Change: +50% · Conversion: Easy
OFFICE BUILDING
$4,195,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$3,565,000
Change: +26% · Conversion: Moderate
Blend value · Realmo final
$3.43M
Range $3.08M – $3.77M · ±10% · vs last sale $3.80M (Sep 28 2021)
Last sale anchor
$3.80M
Sep 28 2021
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
$61 / 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
$49,903
Tax year 2023
Assessed value
$3,110,000
Assessed 2023
Previous assessed
$3,110,000
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$151,700
Assessed improvement
$2,958,300
Total market value
$3,537,300
Applied tax rate
206.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2005
Heating
NONE
Total area
56,035 SF
Lot
5.06 ac (220,239 SF)
APN
23041200
UPID
US92-1553094
Jurisdiction
ROCK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$4.2M
OFFICE BUILDING
Est. value
$4.2M
RETAIL STORES
Est. value
$3.6M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Lot
5.06 ac
Current owner
From public records · entity-resolved
Backyard Properties Of Rock County
Entity
Mailing address
PO BOX 1135, JANESVILLE, WI 53547-1135
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2021
—
Backyard Properties Of Rock County
Kevin J Hendricks
Quit Claim Deed
related
$3,050,000 · Blackhawk Bank
Sep 28, 2021
$3,800,000
Kevin J Hendricks
Bengoa Trust
Deed
$3,050,000 · Blackhawk Bank
May 26, 2006
$38,400
Jaggs Realty Enterprises LLC
Carlos J Bengoa
Trustees Deed
related
$1,366,000 · Stearns Bank NA
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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