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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Commercial real estate
598 Lucas Ln Ellsworth, WI 54011-2800
Entity Owned
3-yr Hold
Free & Clear
Property ID
US92-1358387
Property summary
AI-generated overview
This exceptional 32,500-square-foot flex space at 598 Lucas Ln, Ellsworth, WI 54011, presents a unique opportunity. Situated in the Crossing Meadows Business Park, this single-tenant property offers versatile usage potential. Previously used as retail, the building features mostly open space ideal for customization, complemented by a modest office build-out and three restrooms. The property boasts excellent loading capabilities with two loading docks and two drive-in doors, catering to diverse operational needs. Climate control is ensured through strategically placed roof-top units (RTUs) providing both heating and air conditioning. A comprehensive fire suppression system is in place for safety and security. Ample parking is available with 160 spaces. The building's ceiling height ranges from 12 to 14 feet. Its convenient location just off Highway 65 on Ellsworth's north side provides easy access and high visibility. This property is classified as Industrial and Retail, with a Flex subtype.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
3.92 ac (170,755 SF)
APN
121- 1141- 562
UPID
US92-1358387
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
-
Nissan of Ellsworth Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$880k
Owner & transaction history
598 Lucas LLC · 3 yrs held
598 Lucas LLC
since 2022
Last sale
$900,000
4 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 Ellsworth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellsworth 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
$855,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $900k (Oct 28 2022)
Last sale anchor
$900k
Oct 28 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
$16,124
Tax year 2023
Assessed value
$914,900
Assessed 2023
Previous assessed
$1,252,800
-27.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$177,600
Assessed improvement
$737,300
Land market value
$180,423
Improvement market value
$749,023
Total market value
$929,446
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Heating
NONE
Lot
3.92 ac (170,755 SF)
APN
121- 1141- 562
UPID
US92-1358387
Jurisdiction
PIERCE
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
Lot
3.92 ac
Current owner
From public records · entity-resolved
598 Lucas LLC
Entity
Free & Clear · 3 yrs held
Mailing address
721 1ST ST STE #500, HUDSON, WI 54016-1552
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2026
—
598 Lucas LLC
—
Deed
related
$850,000 · Security Financial Bank
Oct 28, 2022
$900,000
598 Lucas LLC
Robin Ellsworth LLC
Warranty Deed
—
May 11, 2021
—
Robin Ellsworth LLC
—
Deed
related
$12,769,115 · Settlers Bank
May 2, 2014
—
Robin Ellsworth LLC
Jmw Properties 001 LLC
Grant Deed
related
$1,764,523 · Woodtrust Bk NA
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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