Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3535 Tower Ave Superior, WI 54880-5334

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3535 Tower Ave Superior, WI 54880-5334

    View on Map
    • Commercial land
    • 21.41 lot acres
    Off-Market
    Property ID
    US92-1386135
    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.
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • James Sheahan / Pharmacy
    • Thomas Sitek / Pharmacy
    • Ravin / Corporate Office

    Property Details for 3535 Tower Ave

    Lot size
    21.41 lot acres
    Zone code
    C2
    Property type
    Commercial land
    APN
    07-807-03010-01
    APU
    78070301001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $620,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Superior
    County
    Douglas
    State
    Wisconsin
    Longitude
    -92.1067
    Latitude
    46.6976
    CBSA code
    20260
    CBSA name
    DULUTH, MN-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
    $95,171
    $1,174,500
    $3,322,100
    $4,496,600
    -
    $1,855,180
    $5,247,420
    $7,102,600

    Comparable in this City

    • Value Estimation by Request
      3.16 Acres

      2815 Belknap St

      VACANT COMMERCIAL LAND • 3.16 Acres
      2815 Belknap St, Superior, WI 54880
      View Details
    • Value Estimation by Request
      0.08 Acres

      1606 Broadway St, Unit 1608

      VACANT COMMERCIAL LAND • 0.08 Acres
      1606 Broadway St, Superior, WI 54880
      View Details
    • Value Estimation by Request
      11.40 Acres

      2512 Central Ave

      VACANT COMMERCIAL LAND • 11.40 Acres
      2512 Central Ave, Superior, WI 54880-7425
      View Details
    • Value Estimation by Request
      0.26 Acres

      616 Hughitt Ave

      VACANT COMMERCIAL LAND • 0.26 Acres
      616 Hughitt Ave, Superior, WI 54880
      View Details
    • Value Estimation by Request
      0.08 Acres

      1105 Ogden Ave

      VACANT COMMERCIAL LAND • 0.08 Acres
      1105 Ogden Ave, Superior, WI 54880-1513
      View Details
    • Value Estimation by Request
      0.91 Acres

      Superior, WI 54880

      VACANT COMMERCIAL LAND • 0.91 Acres
      Superior, WI 54880
      View Details

    Similar Nearby for Sale

    • $87,500
      0.34 Acres

      Superior, WI Commercial Land

      Commercial land with high visibility and traffic count.
      2802 E 2Nd St, Superior, WI 54880
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Commercial land available for new construction.
      34XX Tower Ave, Superior, WI 54880
      View Details
    • Contact for pricing

      Waterfront Land Ready for Development

      Unique waterfront land opportunity ready for development in Superior, Wisconsin.
      1507 N 1St St, Superior, WI 54880
      View Details
    • $80,000
      0.72 Acres

      Superior Commercial Land Opportunity

      Prime commercial land in a high-traffic Superior location.
      3A Cronstrom Ct, Superior, WI 54880
      View Details
    • Contact for pricing

      Auto Repair Shop and Warehouse

      Auto repair shop, warehouse, and vacant land for sale.
      4003 E 2Nd St, Superior, WI 54880
      View Details
    • $41,000
      0.58 Acres

      Buildable Lot in Superior, WI

      0.58 acre lot zoned M1, ready for commercial or residential.
      1209 39Th Ave E, Superior, WI 54880
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Superior Office Suite For Rent

      Office suite with private offices, reception area, and open space.
      1225 Tower Ave, Superior, WI 54880
      View Details
    • Contact for pricing

      Superior, WI Office Space Available

      Office space available in high-traffic Superior, WI location.
      1425 Tower Ave, Superior, WI 54880
      View Details
    • $1,700 /Mo
      1,082 SF

      Professional Office Suite For Rent

      Well-maintained 1,200 SF office suite with ample parking.
      610 Ogden Ave, Superior, WI 54880
      View Details
    • Contact for pricing

      Superior Office Space for Rent

      3,000 SF office suite with private offices and parking.
      1225 Tower Ave, Superior, WI 54880
      View Details
    • Contact for pricing
      15,340 SF

      Superior Manufacturing Building For Rent

      Manufacturing building with heavy cranes in Superior, Wisconsin.
      405 John Ave, Superior, WI 54880
      View Details
    • Contact for pricing

      Prime Retail Space Available

      High-visibility retail space near hotels and apartments.
      110 E 2Nd St, Superior, WI 54880
      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.
    3535 Tower Ave
    Superior, WI 54880-5334
    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.
    Sign Up Successful!
    You now have access to more from Realmo!