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Property profile & analytics
OFF-MARKET
Estimated value
$2,550,000
Apartment buildings
1022 Riv Pl Blvd 1 Waukesha, WI 53189-7890
Entity Owned
21-yr Hold
Free & Clear
Property ID
US92-3426987
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2002
Total area
26,340 SF
Lot
1.41 ac (61,420 SF)
Zoning code
RM-3 (PUD)
APN
WAKC1377190
UPID
US92-3426987
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.62M
Blend (final)
Blend
$2.55M
Owner & transaction history
Kendal Hills LLC · 21 yrs held
Kendal Hills LLC
since 2004
4 recorded transactions
Zoning & alternative use
RM-3 (PUD) · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for multi family residential development at densities not exceeding 21.8 dwelling units per net acre for efficiency apartments, 17.4 dwelling units per net acre for one bedroom apartments, and 14.5 dwelling units per net acre for two bedroom apartments, and 12.4 dwelling units per net acre for three bedroom or larger apartments, 9.7 dwelling units…
Zone name
Multifamily Residential Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
364.93 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.55M
Range $2.30M – $2.81M · ±10%
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
$97 / 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
$39,690
Tax year 2023
Assessed value
$2,613,000
Assessed 2023
Previous assessed
$2,007,000
+30.2% YoY
Effective rate
1.52%
On assessed value
Assessed land
$718,100
Assessed improvement
$1,894,900
Total market value
$2,705,249
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2002
Heating
ELECTRIC
Cooling
CENTRAL
Stories
2
Total area
26,340 SF
Lot
1.41 ac (61,420 SF)
Zoning code
RM-3 (PUD)
APN
WAKC1377190
UPID
US92-3426987
Jurisdiction
WAUKESHA
Zoning & alternative use
RM-3 (PUD) · Waukesha, WIZoning RM-3 (PUD) · permitted uses
RM-3 (PUD) · Waukesha, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide for multi family residential development at densities not exceeding 21.8 dwelling units per net acre for efficiency apartments, 17.4 dwelling units per net acre for one bedroom apartments, and 14.5 dwelling units per net acre for two bedroom apartments, and 12.4 dwelling units per net acre for three bedroom or larger apartments, 9.7 dwelling units per net acre for two family units and 5.5 dwelling units per net acre for single family dwellings, The PUD Overlay District is intended to permit development that will, over a period of time, be enhanced by coordinated area site planning, diversified location of structures, diversified building heights and types, or mixing of compatible uses
Zone name
Multifamily Residential Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
364.93 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2002
Heating
ELECTRIC
Cooling
Yes
Stories
2
Lot
1.41 ac
Current owner
From public records · entity-resolved
Kendal Hills LLC
Entity
Free & Clear · 21 yrs held
Mailing address
PO BOX 1825, BROOKFIELD, WI 53008-1825
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2022
—
Kendal Properties LLC
—
Deed
related
$11,669,000 · Walker & Dunlop LLC
Sep 1, 2004
$2,113,000
Kendal Hills LLC
Northern Props Of Wisconsin LLC
Warranty Deed
—
Sep 1, 2004
$4,839,000
Kendal Properties LLC
Kendal Hills LLC
Warranty Deed
related
$1,800,000 · Wauwatosa Savings Bank
—
—
Kendal Properties LLC
—
Deed Of Trust
related
$4,300,000 · Landmark Cu
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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