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Property profile & analytics
OFF-MARKET
Estimated value
$8,145,000
Warehouses
6200 Regency W Dr Mount Pleasant, WI 53406-4964
Entity Owned
10-yr Hold
Free & Clear
Property ID
US92-0016114
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1990
Total area
117,737 SF
Lot
9.92 ac (432,028 SF)
Zoning code
B3
APN
276 000023908001
UPID
US92-0016114
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.21M
Blend (final)
Blend
$8.15M
Owner & transaction history
Welbic III Racine 6200 LLC · 10 yrs held
Welbic III Racine 6200 LLC
since 2016
7 recorded transactions
Zoning & alternative use
B3 · Mount Pleasant, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.6M
+70.1%
Retail stores
$6.3M
+41.6%
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
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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,620,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$6,345,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$8.15M
Range $7.33M – $8.96M · ±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
$69 / 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
$112,146
Tax year 2023
Assessed value
$4,500,000
Assessed 2023
Previous assessed
$4,500,000
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$2,143,200
Assessed improvement
$2,356,800
Land market value
$2,373,582
Improvement market value
$2,610,143
Total market value
$4,983,725
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Heating
YES
Cooling
YES
Stories
1
Total area
117,737 SF
Lot
9.92 ac (432,028 SF)
Zoning code
B3
APN
276 000023908001
UPID
US92-0016114
Jurisdiction
RACINE
Zoning & alternative use
B3 · Mount Pleasant, WI
Zoning B3 · permitted uses
B3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$7.6M
RETAIL STORES
Est. value
$6.3M
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Heating
YES
Cooling
Yes
Stories
1
Lot
9.92 ac
Current owner
From public records · entity-resolved
Welbic III Racine 6200 LLC
Entity
Free & Clear · 10 yrs held
Mailing address
970 N OAKLAWN AVE, ELMHURST, IL 60126-1059
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2016
$3,185,000
Welbic III Racine 6200 LLC
Gis Rolling L L C
Quit Claim Deed
related
—
May 13, 2014
—
Gis Rolling LLC
—
Grant Deed
related
$48,880,000 · Wells Fargo Bk
Jul 11, 2012
—
Gis Rolling LLC
Welbic LLC
Quit Claim Deed
related
$23,750 · Firstmerit Bank NA
Jan 27, 2010
—
Welbic LLC
—
Deed Of Trust
related
$1,540,000 · Bank Mutual
Oct 21, 2009
$2,200,000
Welbic LLC
Wal-mart Realty
Grant Deed
—
Jul 31, 2006
$2,290,000
Wal-mart Realty Co
Sams Real Estate Busn Trust
Warranty Deed
—
—
—
Gis Rolling LLC
—
Loan Modification
related
$1,480,000 · Wells Fargo Bk
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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