Add Listing
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

    502 8th St Sheboygan, WI 53081-4404

    • Investment properties
    • 9,451 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    $980,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-3404612
    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

    • Local Press Eatery / Restaurant
    • Olivü 426 / Department Store

    Property Details for 502 8th St

    Year built
    2008
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.42 lot acres
    Property size
    9,451 SF
    Zone code
    BA7
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    59281108890
    APU
    59281108890

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,085,000
      6.5%
      $1,005,000
      7%
      $930,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $957,000
      Market price range: $267k - $957k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $595,000
      Current use
      AUTO REPAIR, GARAGE
      $775,000
      Change: +30% Conversion: Difficult
      RETAIL STORES
      $735,000
      Change: +24% Conversion: Easy
      RESTAURANT
      $720,000
      Change: +21% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sheboygan
    County
    Sheboygan
    State
    Wisconsin
    Longitude
    -87.7133
    Latitude
    43.7495
    CBSA code
    43100
    CBSA name
    SHEBOYGAN, WI METROPOLITAN 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
    $18,682
    $122,400
    $943,500
    $1,065,900
    -
    $125,811
    $969,789
    $1,095,600

    Comparable in this City

    • Value Estimation by Request
      2,557 SF

      929 Michigan Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,557 SF
      929 Michigan Ave, Sheboygan, WI 53081-3349
      View Details
    • Value Estimation
      $915,000
      14,520 SF

      837 Riverfront Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 14,520 SF
      837 Riverfront Dr, Sheboygan, WI 53081-4670
      View Details
    • Value Estimation by Request
      3,645 SF

      1402 Un Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,645 SF
      1402 Un Ave, Sheboygan, WI 53081-5725
      View Details
    • Value Estimation by Request
      5,406 SF

      1520 Un Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,406 SF
      1520 Un Ave, Sheboygan, WI 53081-5763
      View Details
    • Value Estimation by Request
      5,724 SF

      2002 8th St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,724 SF
      2002 8th St, Sheboygan, WI 53081-2742
      View Details
    • Value Estimation by Request
      6,552 SF

      1949 8th St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,552 SF
      1949 8th St, Sheboygan, WI 53081-2739
      View Details

    Similar Nearby for Sale

    • $585,000
      18,604 SF

      Sheboygan Production Facility - Prime Location

      Food Processing Plant - Downtown Sheboygan
      816 Michigan Ave, Sheboygan, WI 53081
      View Details
    • $849,000
      12,710 SF

      Sheboygan Commercial Corner Lot

      High-Visibility, Redevelopment Opportunity
      1619 Calumet Dr, Sheboygan, WI 53081
      View Details
    • $189,500
      2,960 SF

      Sheboygan Commercial Building - Great Potential

      Versatile Commercial Space, Ideal for Storage or Business
      2928 Lakeshore Dr, Sheboygan, WI 53081
      View Details
    • $555,555
      6,280 SF

      Versatile CBRF Property in Sheboygan

      12-bedroom CBRF property with conversion potential in Sheboygan, Wisconsin.
      920 N 26Th St, Sheboygan, WI 53081
      View Details
    • Contact for pricing
      4,565 SF

      Retail Space For Sale

      Retail space available for purchase.
      526 S Taylor Dr, Sheboygan, WI 53081
      View Details
    • $3,299,000
      61,204 SF

      Expandable Warehouse with Large Parking

      61,204 SF warehouse with expansion and multi-tenant potential.
      1536 N 18Th St, Sheboygan, WI 53081
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      WI, Sheboygan - N 8th St

      Discover many ways to work your way in WI, Sheboygan - N 8th St
      703 8Th St, Sheboygan, WI 53081
      View Details
    • Contact for pricing

      Renovated Manufacturing Facility Near I-43

      Renovated industrial facility with cranes and multiple loading docks.
      1213 Pennsylvania Ave, Sheboygan, WI 53081
      View Details
    • Contact for pricing

      Sheboygan Riverfront Office Space

      Professional office space with riverfront views, available summer 2026.
      712 Riverfront Dr, Sheboygan, WI 53081
      View Details
    • Contact for pricing

      Downtown Sheboygan Office Space

      Remodeled office space in historic downtown Sheboygan.
      701 N 8Th St, Sheboygan, WI 53081
      View Details
    • Contact for pricing

      Retail Space Inside Meijer Store

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
      924 N Taylor Dr, Sheboygan, WI 53081
      View Details
    • $5 SF/Yr
      100,800 SF

      Sheboygan Industrial Space Available

      Modern 100,800 SF warehouse, divisible.
      3327 Horizon Dr, Sheboygan, WI 53081
      View Details
    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.
    502 8th St
    Sheboygan, WI 53081-4404
    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.
    Sign Up Successful!
    You now have access to more from Realmo!