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Property profile & analytics
OFF-MARKET
Estimated value
$2,910,000
Turn key restaurants
4606 Calumet Ave Manitowoc, WI 54220-9358
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US92-0224229
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2018
Total area
4,300 SF
Lot
1.38 ac (60,113 SF)
APN
52-835-103-070.00
UPID
US92-0224229
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
-
Panera Bread Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.91M
Owner & transaction history
Cruse & Weatherby Properties · 6 yrs held
Cruse & Weatherby Properties
since 2020
Last sale
$2.8M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,040,000
ML approach
$3,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.91M
Range $2.62M – $3.20M · ±10% · vs last sale $2.77M (Jun 11 2020)
Last sale anchor
$2.77M
Jun 11 2020
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
$677 / 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
$46,171
Tax year 2023
Assessed value
$2,800,000
Assessed 2023
Previous assessed
$1,288,600
+117.3% YoY
Effective rate
1.65%
On assessed value
Assessed land
$480,900
Assessed improvement
$2,319,100
Land market value
$481,432
Improvement market value
$2,321,668
Total market value
$2,803,100
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2018
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
4,300 SF
Lot
1.38 ac (60,113 SF)
APN
52-835-103-070.00
UPID
US92-0224229
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
Building & site characteristics
From public records
Year built
2018
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Cruse & Weatherby Properties
Entity
Mailing address
4606 CALUMET AVE, MANITOWOC, WI 54220-9358
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2020
$2,770,000
Cruse & Weatherby Properties
Calumet Ave Manitowoc LLC
Grant Deed
$1,400,000 · First Svgs Bk
Oct 25, 2018
—
Calumet Ave Manitowoc LLC
—
Deed Of Trust
related
$1,860,000 · West Pointe Bk
Dec 29, 2017
—
Calumet Ave Manitowoc LLC
—
Trustees Deed
related
$1,766,830 · West Pointe Bk
Sep 11, 2017
$525,000
Calumet Ave Manitowoc LLC
Dean W Graunke
Deed
$1,650,000 · West Pointe Bank
—
—
Birch Creek Inn
—
Deed Of Trust
related
$27,977 · Bank First National
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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