Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4606 Calumet Ave Manitowoc, WI 54220-9358

    • Turn key restaurants
    • 4,300 SF
    • 1.38 lot acres
    OFF-MARKET
    Last Sale
    Jun 11, 2020
    $2,770,000
    Value Estimations
    $3,040,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0224229
    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.

    Current Use by Public Records

    • Panera Bread / Soup Restaurant / Cafe

    Property Details for 4606 Calumet Ave

    Year built
    2018
    Lot size
    1.38 lot acres
    Property size
    4,300 SF
    Property type
    Turn key restaurants
    APN
    52-835-103-070.00
    APU
    5283510307000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,040,000
      ML approach
      $3,055,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Manitowoc
    County
    Manitowoc
    State
    Wisconsin
    Longitude
    -87.7088
    Latitude
    44.074
    CBSA code
    31820
    CBSA name
    MANITOWOC, WI MICROPOLITAN 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
    $46,171
    $480,900
    $2,319,100
    $2,800,000
    -
    $481,432
    $2,321,668
    $2,803,100

    Comparable in this City

    • Value Estimation
      $380,000
      10,560 SF

      1015 Buffalo St

      RESTAURANT • 10,560 SF
      1015 Buffalo St, Manitowoc, WI 54220-4619
      View Details
    • Value Estimation
      $265,000
      3,984 SF

      1550 Johnston Dr

      RESTAURANT • 3,984 SF
      1550 Johnston Dr, Manitowoc, WI 54220-2225
      View Details
    • Value Estimation
      $365,000
      2,080 SF

      2616 Washington St

      RESTAURANT • 2,080 SF
      2616 Washington St, Manitowoc, WI 54220-4822
      View Details
    • Value Estimation
      $280,000
      5,740 SF

      3950 Calumet Ave

      RESTAURANT • 5,740 SF
      3950 Calumet Ave, Manitowoc, WI 54220-5438
      View Details
    • Value Estimation
      $75,000
      1,406 SF

      905 Washington St

      RESTAURANT • 1,406 SF
      905 Washington St, Manitowoc, WI 54220-5238
      View Details
    • Value Estimation
      $460,000
      5,508 SF

      1001 8th St

      RESTAURANT • 5,508 SF
      1001 8th St, Manitowoc, WI 54220-5307
      View Details

    Similar Nearby for Sale

    • $1,500,000
      4,875 SF

      Retail Location Anchored by PapaJohns

      Retail location anchored by Papa Johns with two additional spaces.
      3810 Calumet Ave, Manitowoc, WI 54220
      View Details
    • $220,000
      3,360 SF

      Manitowoc Restaurant - Great ROI

      Turnkey Restaurant, High NOI, 7.41% Cap Rate
      2525 Menasha Ave, Manitowoc, WI 54220
      View Details
    • $559,000
      37.54 Acres

      I-43 Corridor Commercial Land

      Prime Wisconsin acreage, I-43 access
      37.54 ac Semi Dr, Francis Creek, WI 54220
      View Details
    • Contact for pricing
      23,500 SF

      Fountain Place Office Space For Lease

      3,650 sq ft Office, Prime Location
      4121 Calumet Ave, Manitowoc, WI 54220
      View Details
    • Contact for pricing
      23 SF

      Office Max Retail Property

      Retail property with lease in place through January 2026.
      4121 Calumet Ave, Manitowoc, WI 54220
      View Details
    • $249,000
      4,032 SF

      Manitowoc Commercial Retail/Office Building

      Well-maintained commercial building suitable for retail, office, or contractor use.
      4326 Michigan Ave, Manitowoc, WI 54220
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,338 SF

      Retail Space in Manitowoc

      Retail space available for lease in Manitowoc, Wisconsin.
      4530 Calumet Ave, Manitowoc, WI 54220
      View Details
    • $24 SF/Yr
      4,875 SF

      Manitowoc Retail Center Lease Opportunity

      Retail space available in upcoming Manitowoc Retail Center.
      3810 Calumet Ave, Manitowoc, WI 54220
      View Details
    • Contact for pricing
      4,488 SF

      Manitowoc Retail Space For Lease

      Prime Manitowoc retail space, multiple suites available.
      3724 Calumet Ave, Manitowoc, WI 54220
      View Details
    • Contact for pricing
      13,800 SF

      Manitowoc Retail Space Available

      Prime Manitowoc retail space, multiple units.
      4550 Calumet Ave, Manitowoc, WI 54220
      View Details
    • Contact for pricing
      9,000 SF

      Manitowoc Retail Space For Lease

      Prime Manitowoc retail space, multiple units available.
      4626-4716 Calumet Ave, Manitowoc, WI 54220
      View Details
    • $15 SF/Yr
      3,086 SF

      Retail Space on Calumet Avenue

      Retail space with high traffic and abundant parking.
      4102 Harbor Town Ln, Manitowoc, WI 54220
      View Details

    Property Visit Statistics

    • Visits by month
      10.1k
    • Visitors by month
      8.4k
    • Avg Time on site
      19 min
    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.
    4606 Calumet Ave
    Manitowoc, WI 54220-9358
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.