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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Industrial properties
450 Milwaukee St Menasha, WI 54952-2707
Entity Owned
Free & Clear
Property ID
US92-0671297
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1948
Total area
41,882 SF
Lot
2.36 ac (102,932 SF)
Zoning code
I1
APN
1-00398-00
UPID
US92-0671297
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
-
Sun Chemical Corporation Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.53M
Owner & transaction history
SUN CHEMICAL CORPORATION
SUN CHEMICAL CORPORATION
Zoning & alternative use
I1 · Menasha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of I1 district is to provide for permitted uses such as Manufacture, assembly, compounding, processing and packaging of goods, materials and products (excluding automotive wrecking and junk yards), Printing, publishing and engraving, Research, laboratory and testing facilities etc.
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
366.39 ac
Source
Realmo
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 Menasha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Menasha 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,310,000
Current use
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±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
$36 / 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
$17,832
Tax year 2023
Assessed value
$726,700
Assessed 2023
Previous assessed
$828,300
-12.3% YoY
Effective rate
2.45%
On assessed value
Assessed land
$77,400
Assessed improvement
$649,300
Land market value
$94,517
Improvement market value
$792,892
Total market value
$887,409
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1948
Heating
NONE
Total area
41,882 SF
Lot
2.36 ac (102,932 SF)
Zoning code
I1
APN
1-00398-00
UPID
US92-0671297
Jurisdiction
WINNEBAGO
Zoning & alternative use
I1 · Menasha, WIZoning I1 · permitted uses
I1 · Menasha, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of I1 district is to provide for permitted uses such as Manufacture, assembly, compounding, processing and packaging of goods, materials and products (excluding automotive wrecking and junk yards), Printing, publishing and engraving, Research, laboratory and testing facilities etc.
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
366.39 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.3M
INDUSTRIAL (GENERAL) Current
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
1948
Heating
NONE
Lot
2.36 ac
Current owner
From public records · entity-resolved
SUN CHEMICAL CORPORATION
Individual
Free & Clear · 0 yrs held
Mailing address
6 ARROW RD STE #100, RAMSEY, NJ 07446-1254
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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