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

    3205 Erie Ave Sheboygan, WI 53081-3661

    • Drive through restaurants
    • 2,196 SF
    • 0.68 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-3508311
    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

    • Taco Bell / Restaurant / Take-out & Catering

    Property Details for 3205 Erie Ave

    Year built
    1993
    Construction
    STEEL FRAME
    Lot size
    0.68 lot acres
    Property size
    2,196 SF
    Zone code
    BB5
    Property type
    Drive through restaurants
    APN
    59281215101
    APU
    59281215101

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sheboygan
    County
    Sheboygan
    State
    Wisconsin
    Longitude
    -87.7504
    Latitude
    43.7519
    CBSA code
    43100
    CBSA name
    SHEBOYGAN, 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
    $17,497
    $359,000
    $639,300
    $998,300
    -
    $368,997
    $657,103
    $1,026,100

    Comparable in this City

    • Value Estimation by Request
      2,928 SF

      Taylor Dr E Frontage Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,928 SF
      Taylor Dr E Frontage Rd, Sheboygan, WI 53081
      View Details
    • Value Estimation by Request
      4,132 SF

      3418 Kohler Memorial Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,132 SF
      3418 Kohler Memorial Dr, Sheboygan, WI 53081-8300
      View Details
    • Value Estimation by Request
      3,051 SF

      2329 Business Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,051 SF
      2329 Business Dr, Sheboygan, WI 53081-6133
      View Details
    • Value Estimation by Request
      2,460 SF

      3026 Business Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,460 SF
      3026 Business Dr, Sheboygan, WI 53081-6522
      View Details
    • Value Estimation by Request
      2,144 SF

      2333 Business Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,144 SF
      2333 Business Dr, Sheboygan, WI 53081-6133
      View Details
    • Value Estimation by Request
      1,864 SF

      1107 14th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,864 SF
      1107 14th St, Sheboygan, WI 53081-3212
      View Details

    Similar Nearby for Sale

    • $3,400,000
      7,634 SF

      Sheboygan Gas Station and Restaurant

      Centrally located gas station, convenience store, and restaurant for sale.
      1441 N 26Th St, Sheboygan, WI 53081
      View Details
    • $250,000

      Mixed-Use Property in High-Traffic Corridor

      Income-generating property with commercial space and residential unit in Sheboygan.
      1733-1735 Calumet Dr, Sheboygan, WI 53081
      View Details
    • Contact for pricing
      4,565 SF

      Sheboygan Retail Space For Sale

      Prime Retail Location, 4,565 SF
      526 Taylor Dr, Sheboygan, WI 53081
      View Details
    • $189,500
      2,960 SF

      Sheboygan Commercial Building - Great Potential

      Versatile Commercial Space, Ideal for Storage or Business
      2928 Lakeshore Dr, Sheboygan, WI 53081
      View Details
    • $849,000
      12,710 SF

      Sheboygan Commercial Corner Lot

      High-Visibility, Redevelopment Opportunity
      1619 Calumet Dr, Sheboygan, WI 53081
      View Details
    • $585,000
      18,604 SF

      Sheboygan Production Facility - Prime Location

      Food Processing Plant - Downtown Sheboygan
      816 Michigan Ave, Sheboygan, WI 53081
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      766 SF

      Meijer In-Store Retail Space

      766 sq ft, prime retail location
      924 Taylor Dr, Sheboygan, WI 53081
      View Details
    • Contact for pricing
      30,994 SF

      Sheboygan Retail Space Available

      Prime Retail Space, Flexible Sizes, High Visibility
      2811 Business Dr, Sheboygan, WI 53081
      View Details
    • $12 SF/Yr
      2,000 SF

      Retail Space in High-Traffic Area

      Retail space available in a highly-trafficked Sheboygan location.
      3424-3510 Kohler Memorial Dr, Sheboygan, WI 53081
      View Details
    • $22 SF/Yr
      1,050 SF

      Retail Space on Business Drive

      Retail space available in vibrant business corridor near Piggly Wiggly.
      2932 S Business Dr, Sheboygan, WI 53081
      View Details
    • Contact for pricing
      4,565 SF

      Sheboygan Retail Space For Lease

      Prime Retail Location, 4,565 SF
      526 Taylor Dr, Sheboygan, WI 53081
      View Details
    • Contact for pricing
      12,295 SF

      Downtown Sheboygan Office Space

      Historic Charm, Modern Amenities
      701 8Th St, Sheboygan, WI 53081
      View Details

    Property Visit Statistics

    • Visits by month
      1.2k
    • Visitors by month
      1.0k
    • Avg Time on site
      39 min
    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.
    3205 Erie Ave
    Sheboygan, WI 53081-3661
    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.