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Property profile & analytics
OFF-MARKET
Estimated value
$2,620,000
Office buildings
5439 Durand Ave Mount Pleasant, WI 53406-5058
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-3441051
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
2.83 ac (123,275 SF)
APN
151 032225186010
UPID
US92-3441051
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.62M
Owner & transaction history
Hitp Property Management LLC · 3 yrs held
Hitp Property Management LLC
since 2022
Last sale
$3.1M
7 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 Mount Pleasant submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Pleasant 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
$2,165,000
ML approach
$2,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.62M
Range $2.36M – $2.88M · ±10% · vs last sale $3.13M (Aug 17 2022)
Last sale anchor
$3.13M
Aug 17 2022
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
—
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
$57,180
Tax year 2023
Assessed value
$3,308,000
Assessed 2023
Previous assessed
$1,559,000
+112.2% YoY
Effective rate
1.73%
On assessed value
Assessed land
$620,400
Assessed improvement
$2,687,600
Land market value
$622,011
Improvement market value
$2,694,583
Total market value
$3,316,594
Applied tax rate
151.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
NONE
Buildings
2
Stories
2
Lot
2.83 ac (123,275 SF)
APN
151 032225186010
UPID
US92-3441051
Jurisdiction
RACINE
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
Heating
NONE
Stories
2
Buildings
2
Lot
2.83 ac
Current owner
From public records · entity-resolved
Hitp Property Management LLC
Entity
Mailing address
5439 DURAND AVE STE #100, MOUNT PLEASANT, WI 53406-5058
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2026
—
Hitp Property Management LLC
—
Deed
related
$1,909,000 · Racine County Economic Development Corpo
Feb 10, 2023
—
Hitp Properfl Management LLC
—
Deed
related
$4,177,890 · Johnson Bank
Aug 17, 2022
$3,125,000
Hitp Property Management LLC
Gateway Durand LLC
Special Warranty Deed
$1,812,500 · Johnson Bank
Jul 9, 2018
$7,700
State Of Wisconsin
Gateway Durand LLC
Warranty Deed
—
Apr 17, 2018
$2,700,000
Gateway Durand LLC
Spirit Lake Acquisition II LLC
Warranty Deed
$2,200,000 · Bmo Harris Bank NA
Sep 16, 2015
—
Spirit Lake Acquisition II LLC
K & K Holdings LLC
Deed In Lieu Of Foreclosure
related
—
Apr 10, 2012
—
K & K Holdings LLC
5439 Durand LLC
Quit Claim Deed
related
—
Dec 12, 2011
—
5439 Durand LLC
K & K Holdings LLC
Quit Claim Deed
related
—
Oct 17, 2007
$3,950,000
K & K Holdings LLC
Durand Holdings LLC
Grant Deed
$3,357,500 · Cambridge Bank
Sep 5, 2006
—
Durand Holdings LLC
Durand Place LLC
Quit Claim Deed
related
—
—
—
Durand Place LLC
—
Deed Of Trust
related
$3,720,000 · Anchor Bank Fsb
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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