Back to Search
Property profile & analytics
FOR SALE
Commercial real estate
5601 Sherman St Wausau, WI 54401-8490
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US92-0663755
For Sale
1 / 60
$565,000
5601 Sherman St, Wausau, WI 54401-8490
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1997
Lot
1.31 ac (57,194 SF)
Zoning code
UDD
APN
291-2907-323-0980
UPID
US92-0663755
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
$445k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$455k
Owner & transaction history
Merlinart Design & Bulid LLC · 6 yrs held
Merlinart Design & Bulid LLC
since 2020
Last sale
$408,000
4 recorded transactions
Zoning & alternative use
UDD · Wausau, WI
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 Wausau submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wausau 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
$455,000
ML approach
$445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$455k
Range $410k – $501k · ±10% · vs last sale $408k (Jun 17 2020)
Last sale anchor
$408k
Jun 17 2020
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
$10,941
Tax year 2023
Assessed value
$429,900
Assessed 2023
Previous assessed
$429,900
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$108,700
Assessed improvement
$321,200
Land market value
$130,322
Improvement market value
$385,091
Total market value
$515,413
Applied tax rate
291.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1997
Heating
NONE
Stories
1
Lot
1.31 ac (57,194 SF)
Zoning code
UDD
APN
291-2907-323-0980
UPID
US92-0663755
Jurisdiction
MARATHON
Zoning & alternative use
UDD · Wausau, WIZoning UDD · permitted uses
UDD · Wausau, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Stories
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Merlinart Design & Bulid LLC
Entity
Mailing address
228 W 52ND ST, MINNEAPOLIS, MN 55419-1344
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2020
$408,000
Merlinart Design & Bulid LLC
Margaret M Holan
Deed
$413,950 · Thrivent FCU
Mar 2, 2020
—
Straub,james R Trust
James R Straub
Quit Claim Deed
related
—
Nov 2, 2015
—
James R Straub
Noahs Ark LLC
Quit Claim Deed
related
—
Oct 19, 2015
—
James R Straub
Noahs Ark LLC
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
