Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    616 Tower Ave Superior, WI 54880-1053

    • Commercial real estate
    OFF-MARKET
    Last Sale
    Jun 01, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-1950814
    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

    • Commercial Flooring Installations Inc. / General Contractor / Renovation Specialist

    Property Details for 616 Tower Ave

    Zone code
    M1
    Property type
    Commercial real estate
    APN
    04-804-00512-00
    APU
    48040051200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Superior
    County
    Douglas
    State
    Wisconsin
    Longitude
    -92.1034
    Latitude
    46.731
    CBSA code
    20260
    CBSA name
    DULUTH, MN-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
    $12,809
    $88,000
    $519,500
    $607,500
    -
    $139,004
    $820,596
    $959,600

    Comparable in this City

    • Value Estimation by Request
      4.31 Acres

      4186 State Rd 35

      COMMERCIAL (GENERAL) • 4.31 Acres
      4186 State Rd 35, Superior, WI 54880-8049
      View Details
    • Value Estimation by Request
      12.52 Acres

      5786 State Rd 35

      COMMERCIAL (GENERAL) • 12.52 Acres
      5786 State Rd 35, Superior, WI 54880-8309
      View Details
    • Value Estimation by Request
      0.04 Acres

      805 Tower Ave

      COMMERCIAL (GENERAL) • 0.04 Acres
      805 Tower Ave, Superior, WI 54880
      View Details
    • Value Estimation by Request
      0.32 Acres

      1202 Tower Ave

      COMMERCIAL (GENERAL) • 0.32 Acres
      1202 Tower Ave, Superior, WI 54880-1588
      View Details
    • Value Estimation
      $620,000
      27.99 Acres

      4425 Tower Ave

      COMMERCIAL (GENERAL) • 27.99 Acres
      4425 Tower Ave, Superior, WI 54880-5823
      View Details
    • Value Estimation by Request
      4.24 Acres

      3614 Tower Ave

      COMMERCIAL (GENERAL) • 4.24 Acres
      3614 Tower Ave, Superior, WI 54880
      View Details

    Similar Nearby for Sale

    • $118,000
      0.61 Acres

      Superior Commercial Investment Opportunity

      High-yield storage units & garages.
      2091 State St, Superior, WI 54880
      View Details
    • $230,000
      0.02 Acres

      posh 1960's apartment featuring a large living room

      an open kitchen with plenty of space for a dining room table. There is a large bedroom with a closet
      1717 Winter St, Superior, WI 54880
      View Details
    • $370,000
      0.27 Acres

      Superior Retail Gem: Prime Location

      High-traffic retail space with business opportunity.
      1713 Belknap St, Superior, WI 54880
      View Details
    • $269,900
      6.30 Acres

      Superior Lakefront Bar/Restaurant Opportunity

      Established business, 6.3 acres, huge potential.
      4705 Tri Lakes Rd, Superior, WI 54880
      View Details
    • $41,000
      0.58 Acres

      Buildable Lot in Superior, WI

      0.58 acre lot zoned M1, ready for commercial or residential.
      1209 39Th Ave E, Superior, WI 54880
      View Details
    • $625,000
      20,600 SF

      Superior Industrial Building For Sale

      20,600 SF Warehouse, Prime Location
      431 Tower Ave, Superior, WI 54880
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      1,625 SF

      Superior Office Space: 1625 sq ft

      Prime Superior office suite, ready for your business.
      1225 Tower Ave, Superior, WI 54880
      View Details
    • Contact for pricing

      Superior, WI Office Space Available

      Office space available in high-traffic Superior, WI location.
      1425 Tower Ave, Superior, WI 54880
      View Details
    • $23 SF/Yr
      14,400 SF

      Bluewater Flats Commercial Space

      Prime Twin Ports Retail Space Available
      110 2Nd St, Superior, WI 54880
      View Details
    • $8 SF/Yr
      2,400 SF

      Badger Building Suite 200: Prime Office Space

      Downtown Office Suite - 2400 sq ft, $1600/month
      1228 Tower Ave, Superior, WI 54880
      View Details
    • $12 SF/Yr
      3,000 SF

      Downtown Superior Office Space

      3,000 SF Executive Office Suite
      1225 Tower Ave, Superior, WI 54880
      View Details
    • New
      $1,850 /Mo
      1,082 SF

      Professional Office Suite For Rent

      Well-maintained 1,200 SF office suite with ample parking.
      610 Ogden Ave, Superior, WI 54880
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    616 Tower Ave
    Superior, WI 54880-1053
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!