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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Commercial real estate
2600 Browns Lk Dr Burlington, WI 53105-9465
Entity Owned
4-yr Hold
Property ID
US92-2030636
Property summary
AI-generated overview
This exceptional 3.45-acre commercial land parcel presents a remarkable investment opportunity in Burlington, Wisconsin. Located at 2600 Browns Lake Drive, this property boasts a highly visible corner location along Burlington's main commercial corridor, offering significant frontage on both Browns Lake Drive and Milwaukee Avenue. The site is zoned B-1 Neighborhood Business, providing flexibility for a variety of commercial developments. Access is via a shared ingress/egress easement on Browns Lake Drive. Public sewer and water utilities are available. The property's strategic location benefits from substantial traffic counts: Browns Lake Drive sees 5,800 vehicles per day, while Milwaukee Avenue experiences 11,300 vehicles per day. With 566 feet of frontage on Milwaukee Avenue, this site offers unparalleled visibility and accessibility. The asking price is $250,000. Please note that wetlands on the property have not yet been professionally assessed. This prime location makes it ideal for businesses seeking high visibility and convenient access to a bustling commercial area. Don't miss this chance to acquire a premier development site in a thriving Wisconsin community.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1976
Total area
6,048 SF
Lot
2.03 ac (88,427 SF)
APN
206 031922010010
UPID
US92-2030636
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
$725k
CAP Approach
CAP
$965k
Comparable Approach
Comparable
$915k
Blend (final)
Blend
$785k
Owner & transaction history
Naisha Properties LLC · 4 yrs held
Naisha Properties LLC
since 2022
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+71.3%
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 Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlington 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
$785,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
$1,045,000
6.5%
$965,000
7%
$895,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$600,000
Current use
RESTAURANT
$1,030,000
Change: +71% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $1.14M (Jan 27 2022)
Last sale anchor
$1.14M
Jan 27 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
$130 / 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
$16,873
Tax year 2023
Assessed value
$1,135,000
Assessed 2023
Previous assessed
$670,300
+69.3% YoY
Effective rate
1.49%
On assessed value
Assessed land
$265,300
Assessed improvement
$869,700
Land market value
$269,888
Improvement market value
$884,742
Total market value
$1,154,630
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1976
Heating
NONE
Total area
6,048 SF
Lot
2.03 ac (88,427 SF)
APN
206 031922010010
UPID
US92-2030636
Jurisdiction
RACINE
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
COMMERCIAL (GENERAL) Current
Est. value
$600,000
RESTAURANT
Est. value
$1.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
1976
Heating
NONE
Lot
2.03 ac
Current owner
From public records · entity-resolved
Naisha Properties LLC
Entity
Mailing address
55TH CARTERS XING CIR, MENOMONEE FALLS, WI 53051-6285
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2022
—
Naisha Properties LLC
—
Deed
related
$851,250 · Tri City National Bank
Jan 27, 2022
$1,135,000
Naisha Properties LLC
Browns Lake Drive Lot 1 LLC
Special Warranty Deed
$851,250 · Tri City National Bank
Sep 29, 2014
$425,000
2600 Browns Lake Drive LLC
Wk Properties LLC
Warranty Deed
—
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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