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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9180 Michigan Ave Sturtevant, WI 53177-2024

    • Warehouses
    • 6,000 SF
    • 0.97 lot acres
    OFF-MARKET
    Value Estimations
    $215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0867013
    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

    • Warehouses

    Property Details for 9180 Michigan Ave

    Year built
    1989
    Lot size
    0.97 lot acres
    Property size
    6,000 SF
    Zone code
    3
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    181 032221366000
    APU
    181032221366000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $170,000
      Market price range: $117k - $368k
      AI Estimate
      $325,000
      Market price range: $218k - $645k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $230,000
      Current use
      RETAIL STORES
      $325,000
      Change: +42% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Sturtevant
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.8966
    Latitude
    42.7015
    CBSA code
    39540
    CBSA name
    RACINE, 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
    $5,649
    $101,000
    $187,400
    $288,400
    -
    $113,914
    $211,362
    $325,276

    Comparable in this City

    • Value Estimation
      $215,000
      1,200 SF

      9716 Hallock Ave

      MINI-WAREHOUSE, STORAGE • 1,200 SF
      9716 Hallock Ave, Sturtevant, WI 53177-1820
      View Details
    • Value Estimation
      $1,275,000
      145,000 SF

      10277 Venice Ave

      MINI-WAREHOUSE, STORAGE • 145,000 SF
      10277 Venice Ave, Sturtevant, WI 53177-1880
      View Details
    • Value Estimation
      $420,000
      7,280 SF

      10002 Durand Ave

      MINI-WAREHOUSE, STORAGE • 7,280 SF
      10002 Durand Ave, Sturtevant, WI 53177-2311
      View Details
    • Value Estimation
      $380,000
      0.77 Acres

      1445 International Dr

      MINI-WAREHOUSE, STORAGE • 0.77 Acres
      1445 International Dr, Mount Pleasant, WI 53177-3071
      View Details
    • Value Estimation
      $250,000
      0.86 Acres

      13621 Old Hwy 11

      MINI-WAREHOUSE, STORAGE • 0.86 Acres
      13621 Old Hwy 11, Mount Pleasant, WI 53177-2548
      View Details
    • Value Estimation
      $235,000
      1,640 SF

      9160 Charles St

      MINI-WAREHOUSE, STORAGE • 1,640 SF
      9160 Charles St, Sturtevant, WI 53177-1969
      View Details

    Similar Nearby for Sale

    • $1,499,000
      1,100 SF

      Sturtevant Industrial Property - 9.66 Acres

      Executive Office & Warehouse - I-1 Zoning
      3617 County Rd, Sturtevant, WI 53177
      View Details
    • $1,499,000
      9,200 SF

      Sturtevant Industrial Property for Sale

      9,200 SF industrial property in Sturtevant, Wisconsin available.
      3617 County Road H, Sturtevant, WI 53177
      View Details
    • Contact for pricing
      57.00 Acres

      Sturtevant Industrial Land - 57 Acres

      Prime 57-acre industrial development site. High-growth location.
      10215 Washington Ave, Sturtevant, WI 53177
      View Details
    • $4,750,000
      26.04 Acres

      Sturtevant Industrial Land - $4.75M

      26-Acre Industrial Site, I-94 Access
      2200 Sylvania Ave, Sturtevant, WI 53177
      View Details
    • $722,878
      3.32 Acres

      Grandview Business Park Land

      3.3 Acres, Prime Industrial Land, Sturtevant, WI
      1501 Grandview Pkwy, Sturtevant, WI 53177
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    • $850,000
      4.50 Acres

      Prime Sturtevant Commercial Land

      4.5 Acres, Hwy 20 Visibility
      10001 Washington Ave, Sturtevant, WI 53177
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      24,556 SF

      Durand Avenue Commercial Space

      Mount Pleasant, WI: Flexible Industrial Space Available
      7900 Durand Ave, Mount Pleasant, WI 53177
      View Details
    • Contact for pricing
      32,156 SF

      Mount Pleasant Industrial Space Available

      Modern Flex Space, 32,156 SF Available
      13207 Globe Dr, Mount Pleasant, WI 53177
      View Details
    • Contact for pricing
      74,730 SF

      Sturtevant Warehouse Space for Lease

      74,730 SF warehouse space available in Sturtevant, Wisconsin.
      1800 S Sylvania Ave, Sturtevant, WI 53177
      View Details
    • Contact for pricing
      551,759 SF

      Spacious Warehouse Near I-94

      Large industrial warehouse with ample parking and expansion potential.
      901 Renaissance Blvd, Sturtevant, WI 53177
      View Details
    • Contact for pricing
      438,309 SF

      Enterprise Business Park: Building IV

      Sturtevant, WI: Office & Warehouse Space Available
      11201 Enterprise Way, Sturtevant, WI 53177
      View Details
    • Contact for pricing
      194,147 SF

      Grandview Warehouse Space Available

      Large warehouse space for lease in Sturtevant, WI.
      14015 Grandview Pkwy, Sturtevant, WI 53177
      View Details
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    9180 Michigan Ave
    Sturtevant, WI 53177-2024
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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.

    More about this property
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