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Property profile & analytics
OFF-MARKET
Estimated value
$6,445,000
Refrigerated & Cold Storage
1100 Marlin Ct Waukesha, WI 53186-1464
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-1186993
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1996
Total area
49,500 SF
Lot
4 ac (174,240 SF)
Zoning code
M-3
APN
WAKC1008069
UPID
US92-1186993
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
-
Total Foods, Inc Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.94M
Blend (final)
Blend
$6.45M
Owner & transaction history
Mke1-marlin Court LLC · 4 yrs held
Mke1-marlin Court LLC
since 2022
Last sale
$4.9M
2 recorded transactions
Zoning & alternative use
M-3 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for the development of an attractive and aesthetic grouping of limited light industrial uses, offices, corporate headquarters, and support facilities in a park like setting, the district is further intended to promote properly arranged traffic and parking facilities, and to promote landscaping which will provide for an attractive setting, minimizi…
Zone name
Limited Business And Industrial Park
General category
INDUSTRIAL
Zone area
390.47 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$7.4M
+24.6%
Apartment house (5+ units)
$6.9M
+16.6%
Retail stores
$6.3M
+6.7%
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
$8,800,000
ML approach
$8,895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,900,000
Current use
COMMERCIAL (GENERAL)
$7,355,000
Change: +25% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,880,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$6,300,000
Change: +7% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$5,920,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$6.45M
Range $5.80M – $7.09M · ±10% · vs last sale $4.90M (Aug 3 2022)
Last sale anchor
$4.90M
Aug 3 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
$130 / 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
$70,803
Tax year 2023
Assessed value
$4,669,400
Assessed 2023
Previous assessed
$2,887,400
+61.7% YoY
Effective rate
1.52%
On assessed value
Assessed land
$866,000
Assessed improvement
$3,803,400
Total market value
$4,834,248
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1996
Heating
YES
Cooling
NONE
Stories
1
Total area
49,500 SF
Lot
4 ac (174,240 SF)
Zoning code
M-3
APN
WAKC1008069
UPID
US92-1186993
Jurisdiction
WAUKESHA
Zoning & alternative use
M-3 · Waukesha, WIZoning M-3 · permitted uses
M-3 · 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 the development of an attractive and aesthetic grouping of limited light industrial uses, offices, corporate headquarters, and support facilities in a park like setting, the district is further intended to promote properly arranged traffic and parking facilities, and to promote landscaping which will provide for an attractive setting, minimizing adverse effects upon the adjoining or surrounding areas
Zone name
Limited Business And Industrial Park
General category
INDUSTRIAL
Zone area
390.47 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.9M
COMMERCIAL (GENERAL)
Est. value
$7.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.9M
RETAIL STORES
Est. value
$6.3M
INDUSTRIAL (GENERAL)
Est. value
$5.9M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1996
Heating
YES
Cooling
Yes
Stories
1
Lot
4 ac
Current owner
From public records · entity-resolved
Mke1-marlin Court LLC
Entity
Mailing address
5201 EDEN AVE, EDINA, MN 55436-2316
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2022
$4,900,000
Mke1-marlin Court LLC
Crest Hill Investment LLC
Special Warranty Deed
$60,000,000 · Huntington National Bank
Dec 29, 2011
$2,125,000
Qi Land Trust Sthrn Illinoi 2 Trust
Hindman Donald J
Grant Deed
—
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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