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Property profile & analytics
OFF-MARKET
Estimated value
$35,650,000
Medical Office Space
8400 Washington Ave Mount Pleasant, WI 53406-3735
Entity Owned
2-yr Hold
Free & Clear
Property ID
US92-0414992
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Lot
9.4 ac (409,464 SF)
Zoning code
B-3
APN
151 032215048180
UPID
US92-0414992
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
$35.65M
Owner & transaction history
Dhc Zb Wi LLC · 2 yrs held
Dhc Zb Wi LLC
since 2023
Last sale
$35.6M
5 recorded transactions
Zoning & alternative use
B-3 · Mount Pleasant, WI
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 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
$35,735,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$35.65M
Range $32.09M – $39.22M · ±10% · vs last sale $35.60M (Dec 28 2023)
Last sale anchor
$35.60M
Dec 28 2023
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
—
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
$596,863
Tax year 2023
Assessed value
$35,337,000
Assessed 2023
Previous assessed
$30,495,000
+15.9% YoY
Effective rate
1.69%
On assessed value
Assessed land
$1,175,000
Assessed improvement
$34,162,000
Land market value
$1,178,052
Improvement market value
$34,250,760
Total market value
$35,428,812
Applied tax rate
151.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Heating
NONE
Buildings
3
Stories
1
Lot
9.4 ac (409,464 SF)
Zoning code
B-3
APN
151 032215048180
UPID
US92-0414992
Jurisdiction
RACINE
Zoning & alternative use
B-3 · Mount Pleasant, WIZoning B-3 · permitted uses
B-3 · Mount Pleasant, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Stories
1
Buildings
3
Lot
9.4 ac
Current owner
From public records · entity-resolved
Dhc Zb Wi LLC
Entity
Free & Clear · 2 yrs held
Mailing address
255 WASHINGTON ST STE #300, NEWTON, MA 02458-1634
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2024
—
Dhc Zb Wi LLC
—
Deed
related
$940,534 · Us Bank NA
Dec 28, 2023
$35,604,200
Dhc Zb Wi LLC
Snh Medical Office Properties Trust
Special Warranty Deed
—
Sep 7, 2021
—
Snh Medical Office Properties Trust
—
Deed
related
—
May 28, 2015
—
Snh Medical Office Props Trust
Snh Medical Office Pro Trust
Quit Claim Deed
related
—
Oct 1, 2009
$23,586,400
Snh Medical Office Props Trust
Aurora Medical Group INC
Grant Deed
—
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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