3422 Wilgus Ave Sheboygan, WI 53081
Property profile & analytics
3422 Wilgus Ave, Sheboygan, WI 53081
- Office buildings
- 8,017 SF
- 1.44 lot acres
Property ID
US92-0874457
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.
Location Intelligence
Current Use by Public Records
- Probation & Parole Division / Probation Office
- Division-Community Corrections / Prison
Property Details for 3422 Wilgus Ave
- Year built
- 1995
- Construction
- STEEL FRAME
- Lot size
- 1.44 lot acres
- Zone code
- BB5
- Property type
- Office buildings
- APN
- 59281215826
- APU
- 59281215826
Description
This exceptional investment opportunity presents a 8,200 square foot Class B office building located at 3422 Wilgus Ave, Sheboygan, Wisconsin 53081. The property, built in 1994 or later, sits on a 1.44-acre lot and features two buildings with a single story and 64 parking spaces. Currently boasting 100% occupancy with a gross lease structure, the property generates a substantial net operating income (NOI) of $107,416, resulting in a compelling 7.42% capitalization rate. The asking price is $1,100,384, translating to $134.19 per square foot. Tenancy is primarily comprised of various State of Wisconsin agencies, along with a few non-state tenants. Leases are predominantly structured as 5-year terms with options, and many include escalator clauses. The property is zoned BB5 and its APN is 59281215826. This offering is well-suited for 1031 exchange investors. The average cap rate for leases with remaining terms over 36 months is 8.1%, while the average cap rate for leases with remaining terms under 36 months is 8.25%. Professional property management is available if desired.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Sheboygan
- County
- Sheboygan
- State
- Wisconsin
- Longitude
- -87.753
- Latitude
- 43.7592
- 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
$15,459
$273,700
$608,300
$882,000
-
$281,303
$625,197
$906,500
