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Property profile & analytics
OFF-MARKET
Estimated value
$3,105,000
Apartment buildings
1106 Rdg Crk Cir Waukesha, WI 53186-4215
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-1051606
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2019
Total area
19,740 SF
Lot
0.89 ac (38,768 SF)
Zoning code
RM-3 (PUD)
APN
WAKC1004323
UPID
US92-1051606
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
$3.23M
Comparable Approach
Comparable
$3.66M
Blend (final)
Blend
$3.11M
Owner & transaction history
Ridge At Woodland Creek LLC · 8 yrs held
Ridge At Woodland Creek LLC
since 2018
7 recorded transactions
Zoning & alternative use
RM-3 (PUD) · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.7M
+72.1%
Commercial (general)
$2.9M
+6.9%
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%
$3,495,000
6.5%
$3,225,000
7%
$2,995,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,745,000
Current use
OFFICE BUILDING
$4,720,000
Change: +72% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,935,000
Change: +7% · Conversion: Moderate
RETAIL STORES
$2,510,000
Change: -8% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,360,000
Change: -14% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,355,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.11M
Range $2.79M – $3.42M · ±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
$157 / 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
$53,195
Tax year 2023
Assessed value
$3,515,800
Assessed 2023
Previous assessed
$1,640,000
+114.4% YoY
Effective rate
1.51%
On assessed value
Assessed land
$169,600
Assessed improvement
$3,346,200
Total market value
$3,639,922
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
2019
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
19,740 SF
Lot
0.89 ac (38,768 SF)
Zoning code
RM-3 (PUD)
APN
WAKC1004323
UPID
US92-1051606
Jurisdiction
WAUKESHA
Zoning & alternative use
RM-3 (PUD) · Waukesha, WI
Zoning 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
Waukesha. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.7M
OFFICE BUILDING
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$2.9M
RETAIL STORES
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2019
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.89 ac
Current owner
From public records · entity-resolved
Ridge At Woodland Creek LLC
Entity
Mailing address
2315 10TH AVE STE #106, SOUTH MILWAUKEE, WI 53172-2584
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Dec 2, 2025
—
Ridge At Woodland Creek LLC
—
Deed
related
$3,200,000 · Kohler Cu
Dec 4, 2020
—
Ridge At Woodland Creek LLC
—
Deed
related
$2,996,800 · Summit Cu
Jun 4, 2018
—
Woodland Creek LLC
—
Trustees Deed
related
$1,800,000 · Citizens Bk
Mar 19, 2018
—
Ridge At Woodland Creek LLC
Januszewski,gary A
Quit Claim Deed
related
—
—
—
Main Street-waukesha LLC
—
Deed Of Trust
related
$432,140 · Securant Bk&tr
—
—
Main Street-waukesha LLC
—
Loan Modification
related
$2,593,750 · Securant Bk&tr
—
—
Main Street-waukesha LLC
—
Loan Modification
related
$2,593,750 · Securant Bk&tr
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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