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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Warehouses
705 Bellevue Pl Two Rivers, WI 54241
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-2397515
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1991
Total area
17,872 SF
Lot
0.7 ac (30,666 SF)
Zoning code
I2
APN
53-308-002-124.06
UPID
US92-2397515
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
-
Two Rivers Mini Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$649k
Blend (final)
Blend
$505k
Owner & transaction history
Rent In Manitowoc LLC · 3 yrs held
Rent In Manitowoc LLC
since 2023
7 recorded transactions
Zoning & alternative use
I2 · Two Rivers, WI
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 Two Rivers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Two Rivers 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
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$28 / 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
$3,041
Tax year 2023
Assessed value
$114,000
Assessed 2023
Previous assessed
$114,000
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$12,900
Assessed improvement
$101,100
Total market value
$180,900
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Cooling
NONE
Buildings
3
Stories
1
Units
45
Rooms
11
Total area
17,872 SF
Lot
0.7 ac (30,666 SF)
Zoning code
I2
APN
53-308-002-124.06
UPID
US92-2397515
Jurisdiction
MANITOWOC
Zoning & alternative use
I2 · Two Rivers, WIZoning I2 · permitted uses
I2 · Two Rivers, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
zoning map 2024
Building & site characteristics
From public records
Year built
1991
Cooling
Yes
Stories
1
Buildings
3
Units
45
Rooms
11
Lot
0.7 ac
Current owner
From public records · entity-resolved
Rent In Manitowoc LLC
Entity
Mailing address
PO BOX 2135, MANITOWOC, WI 54221-2135
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2025
—
Rent In Manitowoc LLC
—
Deed
related
$1,040,000 · Shoreline Cu
Feb 7, 2025
—
Manitowoc LLC
—
Deed
related
$782,500 · Unitedone Cu
Jan 9, 2024
—
Rent In Manitowoc LLC
—
Deed
related
$768,500 · Unitedone Cu
Oct 6, 2023
—
Rent In Manitowoc LLC
—
Deed
related
$125,000 · Unitedone Cu
May 11, 2023
—
Rent In Manitowoc LLC
—
Deed
related
$150,000 · Unitedone Cu
Jan 17, 2023
—
Rent In Manitowoc LLC
Bradley S Lighthall
Quit Claim Deed
related
—
May 24, 2022
—
Lighthall Ventures LLC
—
Deed
related
$60,000 · Unitedone Cu
Sep 8, 2021
—
Lighthall Ventures LLC
—
Deed
related
$345,000 · Unitedone Cu
Jul 13, 2021
—
Lighthall Ventures LLC
—
Deed
related
$100,000 · Unitedone Cu
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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