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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Apartment buildings
1108 Delafield St Waukesha, WI 53188-3445
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US92-0621606
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Construction
FRAME
Total area
3,264 SF
Lot
0.24 ac (10,454 SF)
Zoning code
RD-2
APN
WAKC0999149
UPID
US92-0621606
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
$365k
CAP Approach
CAP
$535k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$500k
Owner & transaction history
1108 Delafield LLC · 2 yrs held
1108 Delafield LLC
since 2024
6 recorded transactions
Zoning & alternative use
RD-2 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for single family and two family residential development at densities not exceeding 9.7 dwelling units per net acre for two family units; and 5.5 dwelling units per net acre for single family dwellings
Zone name
Two Family Residential
General category
RESIDENTIAL
Zone area
195.65 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
$365,000
CAP Approach
CAP Return
Estimation
6%
$580,000
6.5%
$535,000
7%
$495,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$780,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$153 / 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
$5,282
Tax year 2023
Assessed value
$350,300
Assessed 2023
Previous assessed
$293,300
+19.4% YoY
Effective rate
1.51%
On assessed value
Assessed land
$83,000
Assessed improvement
$267,300
Total market value
$362,667
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
1960
Construction
FRAME
Heating
BASEBOARD
Cooling
NONE
Stories
2
Units
4
Rooms
16
Bathrooms
4
Total area
3,264 SF
Lot
0.24 ac (10,454 SF)
Zoning code
RD-2
APN
WAKC0999149
UPID
US92-0621606
Jurisdiction
WAUKESHA
Zoning & alternative use
RD-2 · Waukesha, WIZoning RD-2 · permitted uses
RD-2 · 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 single family and two family residential development at densities not exceeding 9.7 dwelling units per net acre for two family units; and 5.5 dwelling units per net acre for single family dwellings
Zone name
Two Family Residential
General category
RESIDENTIAL
Zone area
195.65 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$780,000
OFFICE BUILDING
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
1960
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
2
Units
4
Rooms
16
Bathrooms
4
Lot
0.24 ac
Current owner
From public records · entity-resolved
1108 Delafield LLC
Entity
Free & Clear · 2 yrs held
Mailing address
15150 W SAN MATEO DR, NEW BERLIN, WI 53151-4353
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2026
—
1108 Delafield LLC
—
Deed
related
$318,000 · U S Bank N A
Jun 13, 2024
—
1108 Delafield LLC
Jifas Trust
Deed
—
Jul 17, 2017
—
Jifas,dimetrios & Alexandra Trust
—
Deed
related
—
Feb 17, 2014
—
Jifas,dimetrios & Alexandra Trust
Jifas,dimitrios & Alexandra
Quit Claim Deed
related
—
Jul 2, 2012
—
Dimitrios G Jifas
—
Trustees Deed
related
$318,000 · Us Bank NA
—
—
Jifas,dimetrios & Alexandra Trust
—
Loan Modification
related
—
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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