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Property profile & analytics
OFF-MARKET
Estimated value
$2,585,000
Medical Office Space
1005 Spg City Dr Waukesha, WI 53186-5934
Entity Owned
4-yr Hold
Free & Clear
Property ID
US92-0807276
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
15,266 SF
Lot
1.87 ac (81,457 SF)
Zoning code
MM-1
APN
WAKC1332004001
UPID
US92-0807276
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
-
Aurora Family Medicine Medical Clinic
-
ACL Lab - Patient Service Center Laboratory
-
Kayla M. Flores, MD Pediatrician Physician
-
Aurora Urgent Care Medical Clinic
-
Aurora Health Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.08M
Blend (final)
Blend
$2.59M
Owner & transaction history
Aurora Medical Group INC · 4 yrs held
Aurora Medical Group INC
since 2022
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
MM-1 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+6.4%
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 Waukesha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waukesha 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
$3,500,000
ML approach
$3,455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,525,000
Current use
RESTAURANT
$2,685,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,180,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.59M
Range $2.33M – $2.84M · ±10% · vs last sale $1.95M (Apr 19 2022)
Last sale anchor
$1.95M
Apr 19 2022
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
$169 / 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
$35,693
Tax year 2023
Assessed value
$2,355,500
Assessed 2023
Previous assessed
$1,476,600
+59.5% YoY
Effective rate
1.52%
On assessed value
Assessed land
$662,900
Assessed improvement
$1,692,600
Total market value
$2,438,658
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
15,266 SF
Lot
1.87 ac (81,457 SF)
Zoning code
MM-1
APN
WAKC1332004001
UPID
US92-0807276
Jurisdiction
WAUKESHA
Zoning & alternative use
MM-1 · Waukesha, WI
Zoning MM-1 · permitted uses
MM-1 · Waukesha, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waukesha. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.5M
RESTAURANT
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.2M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2005
Heating
YES
Cooling
Yes
Stories
1
Lot
1.87 ac
Current owner
From public records · entity-resolved
Aurora Medical Group INC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 341880, MILWAUKEE, WI 53234-1880
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2022
$1,950,000
Aurora Medical Group INC
Upper Room Holdings LLC
Special Warranty Deed
—
Feb 18, 2021
—
Upper Room Holdings LLC
—
Deed
related
$921,539 · Greenwoods State Bank
Apr 6, 2018
$2,412,500
Upper Room Holdings LLC
Jml Holdings LLC
Warranty Deed
$2,050,000 · Us Bank NA
Oct 2, 2015
$1,353,000
Jml Holdings LLC
Kttg Ent LLC
Warranty Deed
—
—
—
Kttg Ent LLC
—
Deed Of Trust
related
$100,000 · Waukesha State Bank
—
—
Jml Holdings LLC
—
Deed Of Trust
related
$1,083,000 · Associated Bk
—
—
Kttg Ent LLC
—
Deed Of Trust
related
$961,300 · Waukesha State Bank
—
—
Kttg Ent LLC
—
Deed Of Trust
related
$20,000 · Waukesha State Bank
—
—
Kttg Ents LLC
—
Deed Of Trust
related
$60,000 · Waukesha State Bank
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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