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Property profile & analytics
OFF-MARKET
Super regional malls
6116 Regency W Dr, Mount Pleasant, WI 53406-4946
Entity Owned
2-yr Hold
Free & Clear
Property ID
US92-0060245
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2006
Total area
7,141 SF
Lot
1.13 ac (49,049 SF)
Zoning code
B2
APN
276 000023904000
UPID
US92-0060245
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Waterstone Bank Ssb · 2 yrs held
Waterstone Bank Ssb
since 2023
6 recorded transactions
Zoning & alternative use
B2 · Mount Pleasant, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$45,773
Tax year 2023
Assessed value
$1,801,000
Assessed 2023
Previous assessed
$1,801,000
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$559,300
Assessed improvement
$1,241,700
Land market value
$619,421
Improvement market value
$1,375,176
Total market value
$1,994,597
Applied tax rate
276.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2006
Heating
YES
Cooling
YES
Stories
1
Bathrooms
10
Total area
7,141 SF
Lot
1.13 ac (49,049 SF)
Zoning code
B2
APN
276 000023904000
UPID
US92-0060245
Jurisdiction
RACINE
Zoning & alternative use
B2 · Mount Pleasant, WI
Zoning B2 · permitted uses
B2 · Mount Pleasant, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Pleasant. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
10
Lot
1.13 ac
Current owner
From public records · entity-resolved
Waterstone Bank Ssb
Entity
Free & Clear · 2 yrs held
Mailing address
17280 WN AVE STE #101, BROOKFIELD, WI 53045-4366
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
—
Waterstone Bank Ssb
Jmc Properties Loc160 LLC
Correction Deed
related
—
Mar 4, 2009
$1,880,000
Jmc Properties Loc160 LLC
Mrg Holdings LLC
Warranty Deed
$1,504,000 · Cornerstone Community Bank
Feb 26, 2007
—
Dangie Holdings LLC
—
Trustees Deed
related
$1,408,000 · Anchor Bank Fsb
Feb 3, 2006
$600,000
Mrg Holdings LLC
Cousins Submarines INC
Warranty Deed
—
Jan 24, 2006
$372,000
Cousins Submarines INC
Boysa,steven C
Grant Deed
—
—
—
Jmc Properties Loc160 LLC
—
Deed Of Trust
related
$1,270,000 · First Fed'l Bk/wi
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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