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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Drive through restaurants
876 Johnson St Fond Du Lac, WI 54935-2901
Entity Owned
1-yr Hold
Free & Clear
Property ID
US92-0089556
Property summary
AI-generated overview
This exceptional 0.9-acre commercial lot, located at 876 E Johnson St in Fond du Lac, Wisconsin, presents a unique investment opportunity. Situated in a high-traffic area with over 18,000 vehicles passing daily, this property boasts unparalleled visibility and accessibility. Previously occupied by a franchise, the lot has been professionally cleared and prepared for new construction, saving you valuable time and resources. The C-2 zoning allows for a variety of uses, including restaurant chains, health and dental offices, auto parts and service centers, financial institutions, and flexible retail/office spaces. With ample parking for 30 vehicles, this property is ideally suited for businesses seeking a prominent location with excellent exposure. The APN is FDL-15-17-12-31-003-00. The asking price is $899,000. This prime location in Fond du Lac County, Wisconsin (zip code 54935) offers significant potential for growth and return on investment. Don't miss this chance to secure a highly desirable commercial property in a thriving market.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1990
Construction
FRAME
Total area
3,506 SF
Lot
0.92 ac (40,249 SF)
Zoning code
B-2
APN
FDL-15-17-12-31-003-00
UPID
US92-0089556
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
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$760k
Owner & transaction history
Kurtevs Backyard LLC · 1 yrs held
Kurtevs Backyard LLC
since 2025
Last sale
$799,000
6 recorded transactions
Zoning & alternative use
B-2 · Fond Du Lac, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$500,000
+3.9%
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 Fond Du Lac submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fond Du Lac 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
$715,000
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$480,000
Current use
COMMERCIAL (GENERAL)
$500,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $799k (May 1 2025)
Last sale anchor
$799k
May 1 2025
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
$217 / 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
$10,891
Tax year 2023
Assessed value
$448,600
Assessed 2023
Previous assessed
$448,600
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$407,400
Assessed improvement
$41,200
Land market value
$541,554
Improvement market value
$54,767
Total market value
$596,321
Applied tax rate
20,226.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1990
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
3,506 SF
Lot
0.92 ac (40,249 SF)
Zoning code
B-2
APN
FDL-15-17-12-31-003-00
UPID
US92-0089556
Jurisdiction
FOND DU LAC
Zoning & alternative use
B-2 · Fond Du Lac, WI
Zoning B-2 · permitted uses
B-2 · Fond Du Lac, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fond Du Lac. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$480,000
COMMERCIAL (GENERAL)
Est. value
$500,000
RESTAURANT Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Kurtevs Backyard LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5319TH GIESE DR, FOND DU LAC, WI 54935-1906
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2025
—
Kurtevs Backyard LLC
Kurtev Real Estate Holdings LLC
Deed
related
—
May 1, 2025
$799,000
Grishaber Main Street Partnership L
Kurtevs Backyard LLC
Warranty Deed
—
Dec 7, 2022
$900,000
Backyard Kurtev Real Estate Holding
Kurtev Real Estate Holdings LLC
Quit Claim Deed
related
—
Feb 24, 2021
—
Alaroma Real Estate LLC
—
Deed
related
$2,695,500 · Five Points Bank Of Hastings
Mar 5, 2018
$800,000
Kurtev Real Estate Holdings LLC
H & K Partners LLC
Warranty Deed
$600,000 · Hometown Bank
Mar 3, 2006
$280,000
H & K Partners LLC
Edward H Petrie
Warranty 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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