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Property profile & analytics
OFF-MARKET
Commercial real estate
306 Sheridan Rd Somers, WI 53171
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US92-0499412
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1960
Total area
7,680 SF
Lot
0.84 ac (36,590 SF)
Zoning code
B-1
APN
83-4-223-052-0340
UPID
US92-0499412
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rhonco LLC
Rhonco LLC
1 recorded transaction
Zoning & alternative use
B-1 · Somers, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
LE HOME MOBILE HOMES ON STORAGE SHEDS, MODEL MOBILE HOMES, 7,500 SQ. FT. 7,500 SQ. FT. 50 FT. 600 SQ. FT. 15 FT. 40 FT. 75 FT. 10 FT. 10 FT. c,d INDIVIDUAL GARAGES MOBILE HOME PARKS, SUBDIVISION LOTS UTILITY SUBSTATIONS B-1 NEIGHBORHOOD NEIGHBORHOOD GARAGES, OFF-STREET FLEA MARKETS, GAS 10,000 SQ. FT. 75 FT. RETAIL STORES SHALL NOT 35 FT. 30 FT. 75 FT. 15 FT…
Zone name
Neighborhood Business District
General category
COMMERCIAL
Zone area
4.09 ac
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 Somers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somers 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
$3,279
Tax year 2023
Assessed value
$194,700
Assessed 2023
Previous assessed
$199,900
-2.6% YoY
Effective rate
1.68%
On assessed value
Assessed land
$75,400
Assessed improvement
$119,300
Land market value
$94,536
Improvement market value
$149,578
Total market value
$244,114
Applied tax rate
182.0000
Comparables
5 recent transactions · within 1.5 miComparable in this city
5 recent transactions
Comparable in this City
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
1960
Heating
YES
Total area
7,680 SF
Lot
0.84 ac (36,590 SF)
Zoning code
B-1
APN
83-4-223-052-0340
UPID
US92-0499412
Jurisdiction
KENOSHA
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Somers, WIZoning B-1 · permitted uses
B-1 · Somers, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
LE HOME MOBILE HOMES ON STORAGE SHEDS, MODEL MOBILE HOMES, 7,500 SQ. FT. 7,500 SQ. FT. 50 FT. 600 SQ. FT. 15 FT. 40 FT. 75 FT. 10 FT. 10 FT. c,d INDIVIDUAL GARAGES MOBILE HOME PARKS, SUBDIVISION LOTS UTILITY SUBSTATIONS B-1 NEIGHBORHOOD NEIGHBORHOOD GARAGES, OFF-STREET FLEA MARKETS, GAS 10,000 SQ. FT. 75 FT. RETAIL STORES SHALL NOT 35 FT. 30 FT. 75 FT. 15 FT. 25 FT. b,c,e BUSINESS DISTRICT SHOPPING CENTER PARKING, RESIDENTIAL STATIONS, TAV
Zone name
Neighborhood Business District
General category
COMMERCIAL
Zone area
4.09 ac
Building & site characteristics
From public records
Year built
1960
Heating
YES
Lot
0.84 ac
Current owner
From public records · entity-resolved
Rhonco LLC
Entity
Mailing address
427 12TH PL, KENOSHA, WI 53140-4433
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Rhonco LLC
—
Deed Of Trust
related
$230,000 · Us Bk
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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