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    Property profile & analytics

    616 S Military Rd Fond du Lac, WI 54935

    • Warehouses
    • 6,088 SF
    • 1.18 lot acres
    For Sale
    View listing
    $645,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1223084
    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

    • W.J. Leasa Electric, Inc. / Electrical Service / General Contractor
    • W J Leasa Electric Contractor / Electric Utility Company

    Property Details for 616 S Military Rd

    Year built
    1978
    Construction
    METAL FRAME
    Lot size
    1.18 lot acres
    Property size
    6,088 SF
    Zone code
    B-4
    Property type
    Warehouses
    APN
    FDL-15-17-16-44-763-00
    APU
    FDL1517164476300

    Description

    This exceptional mixed-use commercial property, located at 616 S Military Rd in Fond du Lac, Wisconsin, presents a rare opportunity. The building boasts over 8,000 square feet of space situated on a lot exceeding one acre, offering ample room for a variety of uses. The property's zoning is commercial, and its history includes decades of successful operation as a premier electrician's business. The layout features a large warehouse shop area perfectly suited for automotive repair or similar businesses, seamlessly integrated with attached office space. This provides a functional and efficient workspace for both hands-on operations and administrative tasks. The strategic location offers excellent visibility and accessibility, being approximately half a mile from Highway 41, ensuring convenient access for customers and employees. The asking price for this substantial property is $649,900. The property's size, location, and existing infrastructure make it an ideal investment for entrepreneurs seeking a well-established commercial space in a thriving Wisconsin community. The zip code is 54935, and the property is in Fond du Lac County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $725,000
      6.5%
      $670,000
      7%
      $620,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $551,000
      Market price range: $189k - $559k
      AI Estimate
      $679,000
      Market price range: $245k - $696k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $395,000
      Current use
      COMMERCIAL (GENERAL)
      $870,000
      Change: +121% Conversion: Difficult
      RESTAURANT
      $835,000
      Change: +112% Conversion: Difficult
      RETAIL STORES
      $530,000
      Change: +34% Conversion: Moderate
      OFFICE BUILDING
      $395,000
      Change: +0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fond Du Lac
    County
    Fond Du Lac
    State
    Wisconsin
    Longitude
    -88.4645
    Latitude
    43.7655
    CBSA code
    22540
    CBSA name
    FOND DU LAC, 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
    $9,529
    $136,400
    $256,400
    $392,800
    -
    $181,316
    $340,831
    $522,147

    Comparable in this City

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    • Value Estimation
      $2,360,000
      22,400 SF

      375 Hickory St

      WAREHOUSE, STORAGE • 22,400 SF
      375 Hickory St, Fond Du Lac, WI 54935-2106
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      9,750 SF

      54 Main St

      MINI-WAREHOUSE, STORAGE • 9,750 SF
      54 Main St, Fond Du Lac, WI 54935
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      20 Main St

      MINI-WAREHOUSE, STORAGE • 4,050 SF
      20 Main St, Fond Du Lac, WI 54935-3420
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    • Value Estimation by Request
      2,357 SF

      617 Military Rd

      WAREHOUSE, STORAGE • 2,357 SF
      617 Military Rd, Fond Du Lac, WI 54935-4749
      View Details
    • Value Estimation by Request
      5,880 SF

      215 Morris Ct

      WAREHOUSE, STORAGE • 5,880 SF
      215 Morris Ct, Fond Du Lac, WI 54935-5661
      View Details

    Similar Nearby for Sale

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    • $645,000
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      Industrial Property with Cold Storage

      Industrial property featuring cold storage and convenient highway access.
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    Similar Nearby for Lease

    • $6 SF/Yr
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      Highway 23 Retail/Flex Space

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    • $9 SF/Yr
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      Fond du Lac Flex Space Available

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    • $8 SF/Yr
      14,960 SF

      Cross Dock Facility For Rent

      14,960 SF cross-dock facility with ample semi space.
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    • $10 SF/Yr
      2,400 SF

      Shop Space with Highway Access

      2,400 SF shop space with convenient highway access.
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    • $4 SF/Yr
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      Warehouse with Easy Highway Access

      12,000 SF warehouse with dock and yard space available.
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    • $12 SF/Yr
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      Flex/office facility with fenced parking and outside storage available for rent.
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    616 S Military Rd
    Fond du Lac, WI 54935
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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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