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Property profile & analytics
FOR SALE
Commercial real estate
941 Mallard Ln Balsam Lake, WI 54810
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US92-2273235
For Sale
1 / 2
Contact for pricing
941 Mallard Ln, Balsam Lake, WI 54810
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Property summary
AI-generated overview
This exceptional 8,000-square-foot executive office building, located at 941 Mallard Ln, Balsam Lake, WI 54810, presents a compelling investment opportunity. Currently 100% occupied by a mix of Wisconsin state agencies and other tenants, this single-story, Class C building boasts a strong NOI of $119,800, yielding an 8.39% cap rate at an asking price of $1,428,419 ($178.55/SF). Situated on a 2.96-acre lot (APN 106-00548-0001), the property was built in 1994 and is currently undergoing renovations, which may affect the final asking price upon completion. The building is subject to gross leases, with terms averaging 26 months to maturity (including options) based on historical data
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
2.96 ac (128,938 SF)
APN
106-00548-0001
UPID
US92-2273235
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
Current use
Occupant on record · Public records
-
USDA-Polk County Farm Service Agency Agricultural Organization
-
Wisconsin Department of Corrections Government Office
-
Natural Resources Conservation Sustainability Organization
-
US Agricultural Department Agricultural Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Badger Housing Associates III LLP · 8 yrs held
Badger Housing Associates III LLP
since 2017
2 recorded transactions
Zoning & alternative use
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 Balsam Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Balsam Lake 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$5,507
Tax year 2023
Assessed value
$490,400
Assessed 2023
Previous assessed
$490,400
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$53,100
Assessed improvement
$437,300
Land market value
$51,736
Improvement market value
$426,064
Total market value
$477,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Lot
2.96 ac (128,938 SF)
APN
106-00548-0001
UPID
US92-2273235
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Lot
2.96 ac
Current owner
From public records · entity-resolved
Badger Housing Associates III LLP
Entity
Mailing address
PO BOX 896, MARSHFIELD, WI 54449-0896
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2017
—
Badger Housing Associates III LLP
—
Deed
related
$9,439,429 · Forward Financial Bank
Sep 9, 2016
—
Badger Housing Associates III LLP
—
Deed
related
$4,322,573 · Associated Bank NA
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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