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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Warehouses
925 Albert Dr Manitowoc, WI 54220
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US92-0566253
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Total area
31,200 SF
Lot
0.96 ac (41,839 SF)
APN
52-130-005-020.00
UPID
US92-0566253
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
$2.19M
CAP Approach
CAP
$2.17M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.14M
Owner & transaction history
Whiskey Run LLC · 1 yrs held
Whiskey Run LLC
since 2024
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.5M
+64.9%
Retail stores
$2.1M
+2.0%
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 Manitowoc submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manitowoc 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
$2,110,000
ML approach
$2,190,000
CAP Approach
CAP Return
Estimation
6%
$2,345,000
6.5%
$2,165,000
7%
$2,010,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,095,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,455,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$2,140,000
Change: +2% · Conversion: Moderate
RESTAURANT
$1,920,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.14M
Range $1.93M – $2.35M · ±10% · vs last sale $2.12M (Aug 27 2024)
Last sale anchor
$2.12M
Aug 27 2024
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
$69 / 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
$10,161
Tax year 2023
Assessed value
$619,000
Assessed 2023
Previous assessed
$277,000
+123.5% YoY
Effective rate
1.64%
On assessed value
Assessed land
$15,900
Assessed improvement
$603,100
Land market value
$15,918
Improvement market value
$603,782
Total market value
$619,700
Applied tax rate
251.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
NONE
Stories
1
Units
1
Total area
31,200 SF
Lot
0.96 ac (41,839 SF)
APN
52-130-005-020.00
UPID
US92-0566253
Jurisdiction
MANITOWOC
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
RETAIL STORES
Est. value
$2.1M
RESTAURANT
Est. value
$1.9M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
RESTAURANT
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
1978
Heating
NONE
Stories
1
Units
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Whiskey Run LLC
Entity
Mailing address
775 BAYWOOD DR STE #318, PETALUMA, CA 94954-5500
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2024
$2,116,000
Whiskey Run LLC
815 East Albert Drive LLC
Warranty Deed
$1,692,800 · Community First Cu Wisconsin
Oct 22, 2021
$900,000
Lsi Properties LLC
Zenith Properties LLC
Land Contract
$850,000 · Not Availble
Oct 22, 2021
$2,182,000
815 East Albert Drive LLC
Lsi Properties LLC
Special Warranty Deed
$1,420,000 · Standard Insurance Co
Oct 22, 2021
—
Standard Insurance Company
815 East Albert Drive LLC
Assignment Of Lease (leasehold Sale)
—
Feb 21, 2019
—
Zenith Properties LLC
Hamann,howard H
Quit Claim Deed
related
—
Dec 30, 2010
—
Zenith Properties LLC
Hamann,howard H
Quit Claim Deed
related
—
Jul 13, 2007
$2,700,000
Zenith Properties LLC
Hamann,howard H & Anna E
Grant Deed
related
—
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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