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Property profile & analytics
OFF-MARKET
Estimated value
$2,285,000
Warehouses
4466 Custer St Manitowoc, WI 54220-4126
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-0301847
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Total area
33,698 SF
Lot
2.92 ac (127,065 SF)
APN
52-826-401-020.00
UPID
US92-0301847
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
-
Fillrite Technologies Big Box & Wholesale Store
-
HMI Company Industrial Manufacturer Production Facility
-
RaiseRite Construction Company General Contractor
-
FOAMJECTION Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.34M
Comparable Approach
Comparable
$2.62M
Blend (final)
Blend
$2.29M
Owner & transaction history
Poly Properties LLC · 5 yrs held
Poly Properties LLC
since 2021
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.7M
+64.9%
Retail stores
$2.3M
+2.0%
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 Manitowoc submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manitowoc 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,530,000
6.5%
$2,335,000
7%
$2,170,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,265,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,735,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$2,310,000
Change: +2% · Conversion: Moderate
RESTAURANT
$2,070,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.29M
Range $2.06M – $2.51M · ±10%
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
$68 / 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
$24,517
Tax year 2023
Assessed value
$1,488,500
Assessed 2023
Previous assessed
$941,400
+58.1% YoY
Effective rate
1.65%
On assessed value
Assessed land
$66,900
Assessed improvement
$1,421,600
Land market value
$66,976
Improvement market value
$1,423,224
Total market value
$1,490,200
Applied tax rate
251.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Heating
NONE
Stories
3
Units
1
Total area
33,698 SF
Lot
2.92 ac (127,065 SF)
APN
52-826-401-020.00
UPID
US92-0301847
Jurisdiction
MANITOWOC
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
RETAIL STORES
Est. value
$2.3M
RESTAURANT
Est. value
$2.1M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Stories
3
Units
1
Lot
2.92 ac
Current owner
From public records · entity-resolved
Poly Properties LLC
Entity
Mailing address
1025 E ALBERT DR, MANITOWOC, WI 54220-1321
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2021
—
Poly Properties LLC
—
Deed
related
$800,000 · Bank First NA
May 25, 2021
—
Poly Properties LLC
4466 Custer LLC
Warranty Deed
$695,512 · Bank First NA
Aug 22, 2017
—
4466 Custer LLC
—
Deed
related
$1,000,000 · Bank First Nat'l
Sep 7, 2010
$725,000
4466 Custer LLC
Zimmer Family Trust
Grant Deed
$475,000 · Bank First National
—
—
4466 Custer LLC
—
Deed Of Trust
related
$568,986 · Bank First Nat'l
—
—
4466 Custer LLC
—
Deed Of Trust
related
$1,000,000 · Bank First Nat'l
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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