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Property profile & analytics
OFF-MARKET
Commercial real estate
50467 State Hwy 13 Ashland, WI 54806
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-3018189
Property summary
AI-generated overview
This exceptional 4,000 square foot commercial building, constructed in 2015, presents a unique investment opportunity in Ashland, Wisconsin. Currently operating as a successful wedding venue, this property boasts a spacious 3,200 square foot main hall with impressive 14-foot ceilings, perfect for large gatherings and events. Situated on a picturesque 5-acre lot, the venue includes a substantial 30ft x 50ft concrete patio overlooking a beautifully landscaped lawn and pergola, creating an idyllic setting for celebrations. The interior features two separate bathrooms, a fully equipped holding kitchen, a welcoming foyer entrance, a dedicated bridal suite, and two utility rooms, along with a convenient bar area. The property's versatility extends beyond its current use
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
5.1 ac (222,156 SF)
APN
008-00266-0300
UPID
US92-3018189
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Caroline J Klein · 1 yrs held
Caroline J Klein
since 2024
Last sale
$250,000
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 Ashland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ashland 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$3,092
Tax year 2022
Assessed value
$151,900
Assessed 2023
Previous assessed
$151,900
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$22,200
Assessed improvement
$129,700
Land market value
$26,687
Improvement market value
$155,913
Total market value
$182,600
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Lot
5.1 ac (222,156 SF)
APN
008-00266-0300
UPID
US92-3018189
Jurisdiction
ASHLAND
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
Lot
5.1 ac
Current owner
From public records · entity-resolved
Caroline J Klein
Individual
Mailing address
823 WATER ST, ASHLAND, WI 54806-1962
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Nov 6, 2024
$250,000
Caroline J Klein
Eng Properties LLC
Warranty Deed
$143,168 · Chippewa Valley Bank
Nov 6, 2024
—
Eng Properties LLC
The Gathering Barn LLC
Warranty Deed
—
Nov 17, 2022
$200,000
Eng Properties LLC
Gathering Barn LLC
Land Contract
—
Dec 17, 2018
$10,000
Gathering Barn LLC
Hopkins Construction INC
Warranty Deed
—
May 19, 2016
—
Hopkins Construction INC
—
Deed
related
$104,000 · Northern Star 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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