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Property profile & analytics
FOR SALE
Commercial real estate
32400 State Hwy 50 Salem, WI 53168
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-3471720
For Sale
1 / 16
Contact for pricing
32400 State Hwy 50, Salem, WI 53168
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1974
Total area
6,004 SF
Lot
1.64 ac (71,438 SF)
Zoning code
B-1
APN
95-4-119-012-0700
UPID
US92-3471720
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
Current use
Occupant on record · Public records
-
Premier Wine & Spirits and Speakeasy Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$360k
Owner & transaction history
Tls Property Management LLC · 3 yrs held
Tls Property Management LLC
since 2023
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
B-1 · Salem, 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 Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem 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
$360,000
ML approach
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$360k
Range $324k – $396k · ±10% · vs last sale $450k (Mar 14 2023)
Last sale anchor
$450k
Mar 14 2023
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
$60 / 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
$6,304
Tax year 2023
Assessed value
$516,200
Assessed 2023
Previous assessed
$332,000
+55.5% YoY
Effective rate
1.22%
On assessed value
Assessed land
$111,700
Assessed improvement
$404,500
Land market value
$119,256
Improvement market value
$431,862
Total market value
$551,118
Applied tax rate
16.0000
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
For Sale
Year built
1974
Heating
YES
Buildings
2
Total area
6,004 SF
Lot
1.64 ac (71,438 SF)
Zoning code
B-1
APN
95-4-119-012-0700
UPID
US92-3471720
Jurisdiction
KENOSHA
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Salem, WIZoning B-1 · permitted uses
B-1 · Salem, 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
Year built
1974
Heating
YES
Buildings
2
Lot
1.64 ac
Current owner
From public records · entity-resolved
Tls Property Management LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2023
$450,000
Tls Property Management LLC
Sly Fox Inn LLC
Warranty Deed
$673,700 · Us Bank NA
Mar 28, 2011
—
Sly Fox Inn LLC
Romano,thomas A
Quit Claim Deed
related
—
Jan 13, 2009
—
Thomas A Romano
—
Trustees Deed
related
$350,000 · Belmont Bank & Trust
May 27, 2008
—
Thomas A Romano
Patton,daniel T
Warranty Deed
—
Mar 15, 2007
$485,000
Thomas A Romano
Club Vipor INC
Warranty Deed
—
Mar 15, 2007
—
Club Vipor INC
Giovingo,charlotte A
Warranty Deed
—
—
—
Thomas A Romano
—
Loan Modification
related
$375,000 · Belmont Bank & Trust
—
—
Thomas A Romano
—
Deed Of Trust
related
$347,578 · Belmont Bank & Trust
—
—
Thomas A Romano JR.
—
Deed Of Trust
related
$2,000,000 · Thomas A SR Romano
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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