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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    550 Wilson Ave Sheboygan, WI 53081-6902

    • Bars
    • 5,416 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0517373
    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

    • Meyer's Lakeview Pub / Bar

    Property Details for 550 Wilson Ave

    Year built
    1895
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.36 lot acres
    Property size
    5,416 SF
    Zone code
    BA5
    Property type
    Bars
    Property subtype
    Pubs
    APN
    59281310060
    APU
    59281310060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $261,000
      Market price range: $261k - $533k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $415,000
      Current use
      AUTO REPAIR, GARAGE
      $445,000
      Change: +7% Conversion: Difficult
      RETAIL STORES
      $420,000
      Change: +2% Conversion: Easy
      COMMERCIAL (GENERAL)
      $340,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sheboygan
    County
    Sheboygan
    State
    Wisconsin
    Longitude
    -87.71
    Latitude
    43.7232
    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
    $3,342
    $56,100
    $134,600
    $190,700
    -
    $57,659
    $138,341
    $196,000

    Comparable in this City

    • Value Estimation
      $285,000
      6,093 SF

      1002 Michigan Ave

      BAR, TAVERN • 6,093 SF
      1002 Michigan Ave, Sheboygan, WI 53081-3352
      View Details
    • Value Estimation
      $285,000
      2,770 SF

      1823 12th St

      BAR, TAVERN • 2,770 SF
      1823 12th St, Sheboygan, WI 53081-2510
      View Details
    • Value Estimation
      $270,000
      4,344 SF

      434 Pennsylvania Ave

      BAR, TAVERN • 4,344 SF
      434 Pennsylvania Ave, Sheboygan, WI 53081-4639
      View Details
    • Value Estimation
      $280,000
      5,607 SF

      2218 Indiana Ave

      BAR, TAVERN • 5,607 SF
      2218 Indiana Ave, Sheboygan, WI 53081-4732
      View Details
    • Value Estimation
      $430,000
      10,904 SF

      1729 12th St

      BAR, TAVERN • 10,904 SF
      1729 12th St, Sheboygan, WI 53081-5814
      View Details
    • Value Estimation
      $290,000
      5,995 SF

      1911 15th St

      BAR, TAVERN • 5,995 SF
      1911 15th St, Sheboygan, WI 53081-2411
      View Details

    Similar Nearby for Sale

    • $3,400,000
      7,634 SF

      Sheboygan Gas Station and Restaurant

      Centrally located gas station, convenience store, and restaurant for sale.
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      View Details
    • $250,000

      Mixed-Use Property in High-Traffic Corridor

      Income-generating property with commercial space and residential unit in Sheboygan.
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      4,565 SF

      Sheboygan Retail Space For Sale

      Prime Retail Location, 4,565 SF
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    • $3,299,000
      61,204 SF

      1525 19Th St

      Distribution properties • 61,204 SF
      1525 19Th St, Sheboygan, WI 53081
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      2,352 SF

      Sheboygan Office Building For Sale

      Two-story office building across from the Sheboygan Courthouse.
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      Sheboygan Commercial Building - Great Potential

      Versatile Commercial Space, Ideal for Storage or Business
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    Similar Nearby for Lease

    • Contact for pricing
      766 SF

      Meijer In-Store Retail Space

      766 sq ft, prime retail location
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      View Details
    • Contact for pricing
      30,994 SF

      Sheboygan Retail Space Available

      Prime Retail Space, Flexible Sizes, High Visibility
      2811 Business Dr, Sheboygan, WI 53081
      View Details
    • Contact for pricing
      4,565 SF

      Sheboygan Retail Space For Lease

      Prime Retail Location, 4,565 SF
      526 Taylor Dr, Sheboygan, WI 53081
      View Details
    • $22 SF/Yr
      1,050 SF

      Retail Space on Business Drive

      Retail space available in vibrant business corridor near Piggly Wiggly.
      2932 S Business Dr, Sheboygan, WI 53081
      View Details
    • $12 SF/Yr
      2,000 SF

      Retail Space in High-Traffic Area

      Retail space available in a highly-trafficked Sheboygan location.
      3424-3510 Kohler Memorial Dr, Sheboygan, WI 53081
      View Details
    • Contact for pricing
      12,295 SF

      Downtown Sheboygan Office Space

      Historic Charm, Modern Amenities
      701 8Th St, Sheboygan, WI 53081
      View Details
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    550 Wilson Ave
    Sheboygan, WI 53081-6902
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    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
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