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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Commercial real estate
11520 Wn Ave Wauwatosa, WI 53226-2128
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-0945723
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1968
Total area
15,692 SF
Lot
0.39 ac (16,988 SF)
Zoning code
C2
APN
336-0303-01
UPID
US92-0945723
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
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.04M
Owner & transaction history
Noby Wisconsin Real Estate LLC · 1 yrs held
Noby Wisconsin Real Estate LLC
since 2024
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
C2 · Wauwatosa, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C2, General Commercial district accommodates a broad range of business and commercial uses. While designed to support regional shopping and commercial activity, the district also allows mixed-use, and multi-unit residential uses
Zone name
General Commercial
General category
MIXED_USE
Zone area
540.08 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 Wauwatosa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wauwatosa 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
$1,040,000
ML approach
$1,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,690,000
Change: -14% · Conversion: Easy
MEDICAL BUILDING
$1,615,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $1.04M (Sep 27 2024)
Last sale anchor
$1.04M
Sep 27 2024
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
$66 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$29,075
Tax year 2022
Assessed value
$1,336,900
Assessed 2022
Previous assessed
$1,336,900
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$332,600
Assessed improvement
$1,004,300
Total market value
$1,584,400
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1968
Heating
NONE
Total area
15,692 SF
Lot
0.39 ac (16,988 SF)
Zoning code
C2
APN
336-0303-01
UPID
US92-0945723
Jurisdiction
MILWAUKEE
Zoning & alternative use
C2 · Wauwatosa, WIZoning C2 · permitted uses
C2 · Wauwatosa, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C2, General Commercial district accommodates a broad range of business and commercial uses. While designed to support regional shopping and commercial activity, the district also allows mixed-use, and multi-unit residential uses
Zone name
General Commercial
General category
MIXED_USE
Zone area
540.08 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
RETAIL STORES
MEDICAL 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
1968
Heating
NONE
Lot
0.39 ac
Current owner
From public records · entity-resolved
Noby Wisconsin Real Estate LLC
Entity
Mailing address
2481 N 117TH ST, WAUWATOSA, WI 53226-1119
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2024
$1,040,000
Noby Wisconsin Real Estate LLC
Tosa Property Management LLC
Warranty Deed
$900,000 · State Bank Of Chilton
Dec 18, 2006
—
Dennis L Wanless
—
Trustees Deed
related
$1,283,500 · Associated Bank
Oct 9, 2006
$865,000
Dennis L Wanless
Bradfords Real Estate LLP
Warranty Deed
$692,000 · Associated Bank
—
—
Bradfords Real Estate LLP
—
Deed Of Trust
related
$624,000 · M & I Marshall & Isley Bank
—
—
Bradfords Real Estate LLP
—
Deed Of Trust
related
$83,500 · Michael Paiser
—
—
Bradfords Real Estate LLP
—
Deed Of Trust
related
$100,000 · M & I Marshall & Isley Bank
—
—
Tosa Property Management LLC
—
Deed Of Trust
related
$1,124,000 · Bank Mutual
—
—
Tosa Property Management LLC
—
Deed Of Trust
related
$25,000 · Bank Mutual
—
—
Bradfords Real Estate LLP
—
Deed Of Trust
related
$286,023 · M & I Marshall & Isley Bank
—
—
Dennis L Wanless
—
Deed Of Trust
related
$462,000 · Economic Dev Corp Milwaukee
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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