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    815 Davis St Hammond, WI 54015
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    815 Davis St, Hammond, WI 54015

    View on Map
    • Retail space
    • 6,000 SF
    Off-Market
    Property ID
    US92-3469013
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hair Junction / Hair Salon / Nail Salon
    • Catherine Olson / Foster Care Service / Social Service Agency
    • Engel Veterinary Services / Veterinary Clinic
    • AP Photography / Photography Service / (Bike/Boat/Book/etc) Store

    Property Details for 815 Davis St

    Property type
    Retail space
    Property subtype
    Storefront properties

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 6, 2025 $400,000 Croix Properties LLC Golden Property Holdings LLC Warranty Deed —
    Dec 12, 2024 — Golden Property Holdings LLC — Deed · related $25k · Bremer Bank
    Jan 3, 2022 $345,000 Golden Property Holdings LLC J & K Equity Properties LLC Warranty Deed $259k · Sterling Bank

    Description

    This exceptional mixed-use property at 815 Davis St, Hammond, WI 54015 presents a compelling value-add opportunity. The 6,000 square foot building boasts a strong mix of commercial and residential tenants, currently generating a 9.67% cap rate and a net operating income (NOI) of $43,489. The property includes seven units: two one-bedroom apartments, one two-bedroom apartment, and four commercial spaces. All residential units have undergone complete renovations, featuring new flooring, kitchens, appliances, and updated bathrooms. Two of the commercial spaces have also been fully renovated, while two retain long-term tenants in their original condition. Significant recent capital improvements include a new roof (2023), rooftop furnace/AC (2022), and water heaters (2022). The building also features split sub-panels for the residential units. This property offers substantial upside potential through rent increases, the addition of coin-op laundry facilities, and the potential to separately meter utilities. Located just 30 minutes from downtown St. Paul, this property is ideally situated for both residential and commercial success. The permitted zoning is commercial, and the building is classified as a Class B property with a gross lease type. The asking price is $449,900, translating to a price per square foot of $74.98. This is a multi-tenant property with a strong existing income stream and significant potential for future growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    St. Croix
    State
    Wisconsin
    Longitude
    -92.436060492178
    Latitude
    44.977768163208

    Comparable in this City

    • $225,000
      0.23 Acres

      Commercial Building with Rental Income

      Well-maintained commercial building or rental duplex with high visibility.
      920 Davis St, Hammond, WI 54015
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    • $75,000
      Pending

      Residential Lot in Hammond, WI

      1.56 acre residential lot with southern views.
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      Hammond Land For Sale

      101.6 acres with excellent visibility and easy I-94 access.
      566 Co Rd, Hammond, WI 54015
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      101.6 Acres Land For Sale

      101.6 acres of land with commercial/industrial zoning potential.
      566 County Road T, Hammond, WI 54015
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      24-Door Cross-Dock Near Minneapolis

      24-door cross-dock truck terminal near Minneapolis for sale.
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    • $165,000

      Land Available in Hammond, WI

      Land for sale in St. Croix County, Wisconsin.
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    Similar Nearby for Sale

    • $225,000
      0.23 Acres

      Commercial Building with Rental Income

      Well-maintained commercial building or rental duplex with high visibility.
      920 Davis St, Hammond, WI 54015
      View Details
    • $75,000
      Pending

      Residential Lot in Hammond, WI

      1.56 acre residential lot with southern views.
      1790 112Th Ave, Hammond, WI 54015
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    • Contact for pricing

      Hammond Land For Sale

      101.6 acres with excellent visibility and easy I-94 access.
      566 Co Rd, Hammond, WI 54015
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      101.6 Acres Land For Sale

      101.6 acres of land with commercial/industrial zoning potential.
      566 County Road T, Hammond, WI 54015
      View Details
    • Contact for pricing

      24-Door Cross-Dock Near Minneapolis

      24-door cross-dock truck terminal near Minneapolis for sale.
      1745 Ridgeway St, Hammond, WI 54015
      View Details
    • $165,000

      Land Available in Hammond, WI

      Land for sale in St. Croix County, Wisconsin.
      12 110Th Ave, Hammond, WI 54015
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      109,250 SF

      Hammond Warehouse with I-94 Access

      109,250 SF warehouse with easy access to I-94.
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      10,074 SF

      Industrial Facility with Truck Scale

      67,300 SF industrial facility with heated warehouse space.
      920 3Rd St, Hammond, WI 54015
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      116,258 SF

      Hammond Industrial Property Near I-94

      Industrial property in Hammond, WI, with easy access to I-94.
      1850 Guy Metals Dr, Hammond, WI 54015
      View Details
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    Hammond, WI 54015
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    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.

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