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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Medical Office Space
501 10th St Manitowoc, WI 54220-4039
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US92-0564916
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1969
Total area
12,585 SF
Lot
0.74 ac (32,400 SF)
APN
52-000-106-201.00
UPID
US92-0564916
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
-
Stacey L. Hladish PA-C Physician
-
BayCare Clinic Pain & Rehab Medicine Medical Clinic
-
Stephanie L. Mccabe, DPT Physician
-
Dr. Joseph E. Trader, MD Physician
-
Cathy Sukowaty Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$541k
Blend (final)
Blend
$540k
Owner & transaction history
501 10th LLC · 6 yrs held
501 10th LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$755,000
+39.3%
Apartment house (5+ units)
$685,000
+26.4%
Commercial (general)
$635,000
+17.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$540,000
Current use
RETAIL STORES
$755,000
Change: +39% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$685,000
Change: +26% · Conversion: Moderate
COMMERCIAL (GENERAL)
$635,000
Change: +17% · Conversion: Easy
WAREHOUSE, STORAGE
$615,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$43 / 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
Previous assessed
$1,185,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1969
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
12,585 SF
Lot
0.74 ac (32,400 SF)
APN
52-000-106-201.00
UPID
US92-0564916
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
MEDICAL BUILDING Current
Est. value
$540,000
RETAIL STORES
Est. value
$755,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$635,000
WAREHOUSE, STORAGE
Est. value
$615,000
MEDICAL BUILDING Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1969
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
501 10th LLC
Entity
Mailing address
PO BOX 2065, MANITOWOC, WI 54221-2065
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2019
$800,000
501 10th LLC
Orthopaedic Associates Land And Bld
Warranty Deed
$680,000 · Commerce State Bank
Dec 12, 2017
—
Orthopaedic Associates Land
—
Trustees Deed
related
$100,000 · Nicolet Nat'l Bk
Oct 16, 2009
—
Assocs Land Orthopaedic
—
Deed Of Trust
related
$1,300,000 · Denmark St Bank
Jan 19, 2004
$825,500
Orthopaedic Associates Land
Diraimondo,joseph C
Quit Claim Deed
related
—
—
—
Orthopaedic Associates Land
—
Deed Of Trust
related
$1,300,000 · Business Bank
—
—
Assocs Land Orthopaedic
—
Deed Of Trust
related
$65,120 · Denmark St Bank
—
—
Assocs Land Orthopaedic
—
Deed Of Trust
related
$625,000 · Denmark St Bank
—
—
Assocs Land Orthopaedic
—
Deed Of Trust
related
$1,300,000 · Denmark St Bank
—
—
Assocs Land Orthopaedic
—
Deed Of Trust
related
$165,123 · Denmark St Bank
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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