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Property profile & analytics
FOR SALE
Commercial real estate
809 Thomas St Mellen, WI 54546
Entity Owned
12-yr Hold
Free & Clear
Property ID
US92-2732050
For Sale
1 / 26
$224,900
809 Thomas St, Mellen, WI 54546
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Property summary
AI-generated overview
This exceptional 2.51-acre commercial property, situated on Highway 13 in Mellen, Wisconsin, presents a unique investment opportunity. The existing structures offer significant potential for a variety of commercial uses. Currently configured as a car sales lot, the property's versatility allows for diverse adaptations. The main shop building features a metal roof and three large access points: two 10-foot-wide overhead doors and one 8-foot-wide sliding barn door, all within a 30' x 90' footprint. A 30' x 30' addition was completed in 2016. Also on the property is a vinyl-sided garage (18' x 22') with asphalt shingles, an 8-foot overhead door, and a 4-foot sliding barn door
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
1.96 ac (85,378 SF)
APN
251-00003-6630
UPID
US92-2732050
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
First Mellen Properties LLC · 12 yrs held
First Mellen Properties LLC
since 2013
1 recorded transaction
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 Mellen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mellen 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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,024
Tax year 2022
Assessed value
$83,500
Assessed 2023
Previous assessed
$83,500
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$30,800
Assessed improvement
$52,700
Land market value
$39,505
Improvement market value
$67,595
Total market value
$107,100
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
For Sale
Lot
1.96 ac (85,378 SF)
APN
251-00003-6630
UPID
US92-2732050
Jurisdiction
ASHLAND
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
Lot
1.96 ac
Current owner
From public records · entity-resolved
First Mellen Properties LLC
Entity
Free & Clear · 12 yrs held
Mailing address
4360 INDIAN TRL, GREEN BAY, WI 54313-6762
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2013
$76,000
First Mellen Properties LLC
First Mellen Group LLC
Intrafamily Transfer
related
—
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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