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Property profile & analytics
OFF-MARKET
Commercial real estate
705 Brown School Rd 1 Evansville, WI 53536-8106
Entity Owned
12-yr Hold
Free & Clear
Property ID
US92-0933636
Property summary
AI-generated overview
Exceptional opportunity to acquire a 4,000 square foot free-standing commercial building situated on 705 Brown School Road in Evansville, Wisconsin. Built in 2001, this property boasts a spacious layout encompassing two large open areas, a dedicated office, two sizable restrooms, a convenient kitchenette, and a substantial warehouse space complete with a 10x10 overhead door for easy access. The building, currently occupied by the Masonic Lodge Union #32, is zoned B-3 (Community Business District), offering a multitude of potential uses. The property features a shared parking lot with a neighboring daycare center. Its strategic location on the far east side of Evansville places it amidst a thriving commercial hub, with close proximity to established businesses such as Piggly Wiggly, Family Dollar, a gas station/convenience store with a McDonald's, Papa Duke's Car Wash, an oil change and repair shop, Greenwood State Bank, and a hotel. Note that the current owner, the Masonic Lodge, is exempt from real estate taxes
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2001
Total area
4,000 SF
Lot
0.32 ac (13,939 SF)
APN
6-27-959.A2
UPID
US92-0933636
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Play Time Property LLC · 12 yrs held
Play Time Property LLC
since 2014
2 recorded transactions
Zoning & alternative use
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 Evansville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Evansville 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
Applied tax rate
222.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2001
Heating
NONE
Buildings
2
Stories
1
Total area
4,000 SF
Lot
0.32 ac (13,939 SF)
APN
6-27-959.A2
UPID
US92-0933636
Jurisdiction
ROCK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Stories
1
Buildings
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Play Time Property LLC
Entity
Free & Clear · 12 yrs held
Mailing address
145 JOSHUA DR, EVANSVILLE, WI 53536-1053
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2014
$213,800
Play Time Property LLC
Vt & V LLC
Warranty Deed
—
Oct 10, 2005
$432,000
Vt & V LLC
East Milll Creek LLC
Warranty Deed
$360,000 · Bank Of Monticello
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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