Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    918 Park Ave Plz Beloit, WI 53511-1753

    • Medical offices
    • 2,560 SF
    • 2.11 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0983073
    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.

    Current Use by Public Records

    • Johnson Ken DDS / Dentist

    Property Details for 918 Park Ave Plz

    Year built
    2005
    Lot size
    2.11 lot acres
    Property size
    2,560 SF
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    6-2-1000.206.2
    APU
    6210002062

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $240,000
      AUTO REPAIR, GARAGE
      $195,000
      OFFICE BUILDING
      $190,000
      RETAIL STORES
      $165,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Beloit
    County
    Rock
    State
    Wisconsin
    Longitude
    -89.0248
    Latitude
    42.5528
    CBSA code
    27500
    CBSA name
    JANESVILLE, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,683
    $32,500
    $267,600
    $300,100
    -
    $0.00
    $0.00
    $312,000

    Comparable in this City

    • Value Estimation by Request
      5.30 Acres

      1670 Lee Ln

      MEDICAL BUILDING • 5.30 Acres
      1670 Lee Ln, Beloit, WI 53511-3935
      View Details
    • Value Estimation
      $260,000
      1.98 Acres

      1650 Huebbe Pkwy

      MEDICAL CLINIC • 1.98 Acres
      1650 Huebbe Pkwy, Beloit, WI 53511-1718
      View Details
    • Value Estimation
      $250,000
      2,520 SF

      2149 Pioneer Dr

      DENTAL BUILDING • 2,520 SF
      2149 Pioneer Dr, Beloit, WI 53511-3057
      View Details
    • Value Estimation
      $435,000
      7,005 SF

      3535 Clinic Rd

      MEDICAL BUILDING • 7,005 SF
      3535 Clinic Rd, Beloit, WI 53511-1952
      View Details
    • Value Estimation
      $285,000
      2,344 SF

      2233 Cranston Rd

      DENTAL BUILDING • 2,344 SF
      2233 Cranston Rd, Beloit, WI 53511-3183
      View Details
    • Value Estimation
      $70,000
      1,412 SF

      1610 Madison Rd

      MEDICAL BUILDING • 1,412 SF
      1610 Madison Rd, Beloit, WI 53511-3215
      View Details

    Similar Nearby for Sale

    • $169,900

      Upgraded Commercial Space in Beloit

      Freshly improved interior ideal for retail, office, or boutique.
      1304 Cranston Rd, Beloit, WI 53511
      View Details
    • New
      $1,250,000

      Versatile Commercial Space on Cranston

      Expansive commercial property with high visibility and versatile space.
      1125 E Cranston Rd, Beloit, WI 53511
      View Details
    • $462,000
      6 SF

      Income-Producing Beloit Retail Strip Center

      Fully leased office and retail strip center in Beloit, Wisconsin.
      1517 E Huebbe Pkwy, Beloit, WI 53511
      View Details
    • $325,000
      3.00 Acres

      Beloit Commercial Land - $325K

      High-profile 3-acre commercial lot. Build-to-suit option.
      2048 Cranston Rd, Beloit, WI 53511
      View Details
    • $1,473,999
      25.97 Acres

      Farmhouse with Guest House and Barn

      Farm property featuring a farmhouse, guest house, and barn.
      1610 Town Hall Rd, Beloit, WI 53511
      View Details
    • $115,000
      1.01 Acres

      Spacious Acreage in Beloit, WI

      One-acre lots in Rock County's Creekside Estates.
      3276 W Creekview Ln, Beloit, WI 53511
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,145 SF

      Class A Medical Office Space

      Newly constructed medical office space in Beloit, Wisconsin.
      2102 Freeman Pkwy, Beloit, WI 53511
      View Details
    • $13 SF/Yr
      5,301 SF

      Beloit Professional Center Office Space

      Prime Beloit office suites, ample parking.
      2797 Prairie Ave, Beloit, WI 53511
      View Details
    • $2,800 /Mo
      5,301 SF

      Professional Center For Lease

      Professional Center For Lease
      2797 Prairie Ave, Beloit, WI 53511
      View Details
    • Contact for pricing
      93,779 SF

      Ironworks: Premier Industrial Space

      93,779 SF Office/Warehouse, Rock County
      801 4Th St, Beloit, WI 53511
      View Details
    • $10 SF/Yr
      57,540 SF

      Prairie Ave Commercial Space

      Beloit, WI Retail & Office Opportunity
      2711 Prairie Ave, Beloit, WI 53511
      View Details
    • $20 SF/Yr
      3,200 SF

      Prime Beloit Retail Space

      Restaurant space, high traffic area, 3200 sq ft
      2648 Prairie Ave, Beloit, WI 53511
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    918 Park Ave Plz
    Beloit, WI 53511-1753
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.