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Property profile & analytics
OFF-MARKET
Estimated value
$4,475,000
Retail space
2860 Grn Bay Rd Mount Pleasant, WI 53406-4962
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-1213020
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Lot
1.42 ac (61,855 SF)
Zoning code
PUL
APN
151 032224032021
UPID
US92-1213020
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
$4.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.48M
Owner & transaction history
Swnc Mount Plesant LLC · 5 yrs held
Swnc Mount Plesant LLC
since 2021
Last sale
$4.9M
6 recorded transactions
Zoning & alternative use
PUL · Mount Pleasant, 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 Mount Pleasant submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Pleasant 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
$3,980,000
ML approach
$4,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.48M
Range $4.03M – $4.92M · ±10% · vs last sale $4.86M (Jun 25 2021)
Last sale anchor
$4.86M
Jun 25 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
—
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
$65,492
Tax year 2023
Assessed value
$3,766,000
Assessed 2023
Previous assessed
$3,662,000
+2.8% YoY
Effective rate
1.74%
On assessed value
Assessed land
$1,391,700
Assessed improvement
$2,374,300
Land market value
$1,395,315
Improvement market value
$2,380,468
Total market value
$3,775,783
Applied tax rate
151.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Buildings
2
Stories
1
Lot
1.42 ac (61,855 SF)
Zoning code
PUL
APN
151 032224032021
UPID
US92-1213020
Jurisdiction
RACINE
Zoning & alternative use
PUL · Mount Pleasant, WIZoning PUL · permitted uses
PUL · Mount Pleasant, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Stories
1
Buildings
2
Lot
1.42 ac
Current owner
From public records · entity-resolved
Swnc Mount Plesant LLC
Entity
Mailing address
1616 2ND AVE S STE #100, BIRMINGHAM, AL 35233-1713
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2021
$4,860,000
Swnc Mount Plesant LLC
Mt Pleasant Retail Venture Dst
Special Warranty Deed
$3,402,000 · Wells Fargo Bank NA
Jul 25, 2018
$28,000
Department Of Transportation
Mt Pleasant Retail Venture Dst
Warranty Deed
—
Aug 7, 2012
—
Mt Pleasant Retail Venture Dst
Gencap Mt Pleasant Shops LLC
Quit Claim Deed
related
—
Mar 20, 2012
$3,233,000
Mt Pleasant Retail Venture Dst
Gencap Mt Pleasant Shops LLC
Quit Claim Deed
related
—
Nov 18, 2010
—
Gencap Mt Pleasant Shops LLC
Village Of Mt Pleasant
Warranty Deed
$2,636,435 · Associated Bank
—
—
Mt Pleasant Retail Venture Dst
—
Deed Of Trust
related
$12,972,000 · J P Morgan Chase 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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