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Property profile & analytics
FOR SALE
Commercial real estate
5800 3Rd Ave Kenosha, WI 53140
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-1147375
For Sale
1 / 16
$13,665,000
5800 3Rd Ave, Kenosha, WI 53140
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1980
Total area
147,040 SF
Lot
2.5 ac (108,900 SF)
Zoning code
RM-2
APN
12-223-32-352-010
UPID
US92-1147375
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
-
Lakeside Towers Apartment Building
-
Absolute Home Remodeling General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.31M
Blend (final)
Blend
$13.67M
Owner & transaction history
Lakeside Towers Assn · 4 yrs held
Lakeside Towers Assn
since 2021
4 recorded transactions
Zoning & alternative use
RM-2 · Kenosha, WI
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 Kenosha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kenosha 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.67M
Range $12.30M – $15.03M · ±10%
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
$93 / SF
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
$225,230
Tax year 2023
Assessed value
$8,972,000
Assessed 2023
Previous assessed
$8,972,000
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$1,183,000
Assessed improvement
$7,789,000
Land market value
$1,725,793
Improvement market value
$11,362,808
Total market value
$13,088,601
Applied tax rate
241.0000
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
1980
Heating
YES
Stories
10
Total area
147,040 SF
Lot
2.5 ac (108,900 SF)
Zoning code
RM-2
APN
12-223-32-352-010
UPID
US92-1147375
Jurisdiction
KENOSHA
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI METROPOLITAN DIVISION
Zoning & alternative use
RM-2 · Kenosha, WI
Zoning RM-2 · permitted uses
RM-2 · Kenosha, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kenosha. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Heating
YES
Stories
10
Lot
2.5 ac
Current owner
From public records · entity-resolved
Lakeside Towers Assn
Individual
Mailing address
5800 3RD AVE, KENOSHA, WI 53140-4240
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Nov 24, 2021
—
Lakeside Towers Assn
—
Deed
related
$5,700,000 · Midland States Bank
Oct 28, 2016
—
Lakeside Towers Assn LP
—
Deed
related
$6,250,000 · Miscellaneous Ins Co
—
—
Lakeside Towers Associates LP
—
Deed Of Trust
related
$6,275,000 · Cuna Mutual Insurance Society
—
—
Lakeside Towers Assn LP
—
Loan Modification
related
$6,250,000 · Miscellaneous Ins Co
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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