Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2956 Milwaukee Rd Beloit, WI 53511-1947

    • Motels
    • 40,627 SF
    • 4.22 lot acres
    OFF-MARKET
    Value Estimations
    $2,335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1057906
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Road Dawg Family Restaurant / Restaurant
    • Road Dawg Pub / Nightclub / Bar & Pub

    Property Details for 2956 Milwaukee Rd

    Year built
    1976
    Lot size
    4.22 lot acres
    Property size
    40,627 SF
    Property type
    Motels
    APN
    22912000
    APU
    22912000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,845,000
      AUTO REPAIR, GARAGE
      $3,070,000
      OFFICE BUILDING
      $3,045,000
      RETAIL STORES
      $2,585,000
      WAREHOUSE, STORAGE
      $2,050,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Beloit
    County
    Rock
    State
    Wisconsin
    Longitude
    -88.9801
    Latitude
    42.5239
    CBSA code
    27500
    CBSA name
    JANESVILLE, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $30,780
    $1,284,600
    $634,500
    $1,919,100
    -
    $0.00
    $0.00
    $2,182,800

    Comparable in this City

    • Value Estimation
      $550,000
      1.07 Acres

      114 Dearborn St

      MOTEL • 1.07 Acres
      114 Dearborn St, Beloit, WI 53511-6442
      View Details
    • Value Estimation
      $1,530,000
      24,458 SF

      2786 Milwaukee Rd

      MOTEL • 24,458 SF
      2786 Milwaukee Rd, Beloit, WI 53511-3975
      View Details
    • Value Estimation
      $2,790,000
      48,242 SF

      2784 Milwaukee Rd

      MOTEL • 48,242 SF
      2784 Milwaukee Rd, Beloit, WI 53511-3975
      View Details
    • Value Estimation
      $2,015,000
      33,888 SF

      2790 Milwaukee Rd

      MOTEL • 33,888 SF
      2790 Milwaukee Rd, Beloit, WI 53511-3975
      View Details
    • Value Estimation by Request
      1,723 SF

      1826 Riverside Dr

      MOTEL • 1,723 SF
      1826 Riverside Dr, Beloit, WI 53511-3554
      View Details
    • Value Estimation
      $1,510,000
      23,920 SF

      2900 Frd St

      MOTEL • 23,920 SF
      2900 Frd St, Beloit, WI 53511-4002
      View Details

    Similar Nearby for Sale

    • $1,950,000
      4 SF

      Retail Pad Sites For Sale

      Retail pad sites available at Holiday Inn Express development.
      3000 Ford St, Beloit, WI 53511
      View Details
    • $45,000
      0.30 Acres

      Residential Lot in River Bay

      Residential lot in Beloit's River Bay Estates, near Rock River.
      12 River Bay Dr, Beloit, WI 53511
      View Details
    • $72,608
      0.47 Acres

      Residential Land in Beloit

      Residential land for new construction in Beloit, Wisconsin.
      2700 Woodside Dr, Beloit, WI 53511
      View Details
    • $105,000
      1.01 Acres

      Spacious Land in Creekside Estates

      One-acre lots in Rock County's newest residential address.
      3316 W Creekview Ln, Beloit, WI 53511
      View Details
    • $115,000
      1.34 Acres

      Spacious Land in Creekside Estates

      1+ acre lots near Beloit, WI, with protective covenants.
      3166 W Creekview Ln, Beloit, WI 53511
      View Details
    • $110,000
      0.89 Acres

      Wooded Lot with River Frontage

      Nearly one-acre wooded lot with Rock River frontage in Beloit.
      L21 Pow Wow Trl, Beloit, WI 53511
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      73,446 SF

      Morgan Square Retail Center

      High-traffic retail space available.
      1810 Sutler Ave, Beloit, WI 53511
      View Details
    • $25 SF/Yr
      7,848 SF

      Beloit Retail Space for Lease

      High-visibility retail space near major highways.
      2600 Branigan Rd, Beloit, WI 53511
      View Details
    • Contact for pricing
      390,000 SF

      Gateway Business Park: Beloit, WI

      390,000 SF Industrial Space Available
      720 Gateway Blvd, Beloit, WI 53511
      View Details
    • Contact for pricing
      6,145 SF

      Class A Medical Office Space

      Newly constructed medical office space in Beloit, Wisconsin.
      2102 Freeman Pkwy, Beloit, WI 53511
      View Details
    • $20 SF/Yr
      3,200 SF

      Prime Beloit Retail Space

      Restaurant space, high traffic area, 3200 sq ft
      2648 Prairie Ave, Beloit, WI 53511
      View Details
    • Contact for pricing
      24,829 SF

      Park Avenue Retail Development Opportunity

      Prime 1-acre retail site in Rock County.
      1237 Park Ave, Beloit, WI 53511
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2956 Milwaukee Rd
    Beloit, WI 53511-1947
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.