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Property profile & analytics
OFF-MARKET
Estimated value
$1,120,000
Community centers
1166 Sunset Dr Waukesha, WI 53189-8441
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US92-1985033
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2016
Total area
10,516 SF
Lot
1.55 ac (67,518 SF)
Zoning code
B-5 (PUD)
APN
WAKC1332012002
UPID
US92-1985033
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
-
Ashlee Finnell O.D. Physician
-
Shopko Optical Eye Care Center Contact Lenses Supplier
-
Supercuts Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.12M
Owner & transaction history
Sbv-fox River LLC · 7 yrs held
Sbv-fox River LLC
since 2019
3 recorded transactions
Zoning & alternative use
B-5 (PUD) · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+91.7%
Restaurant
$1.7M
+86.8%
Auto repair, garage
$1.5M
+69.7%
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
by Request
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$905,000
Current use
MEDICAL BUILDING
$1,740,000
Change: +92% · Conversion: Difficult
RESTAURANT
$1,695,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,540,000
Change: +70% · Conversion: Difficult
OFFICE BUILDING
$1,270,000
Change: +40% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,005,000
Change: +11% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$960,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.12M
Range $1.01M – $1.23M · ±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
$107 / 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
$41,843
Tax year 2023
Assessed value
$2,766,200
Assessed 2023
Previous assessed
$3,047,100
-9.2% YoY
Effective rate
1.51%
On assessed value
Assessed land
$1,063,400
Assessed improvement
$1,702,800
Total market value
$2,863,857
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2016
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
10,516 SF
Lot
1.55 ac (67,518 SF)
Zoning code
B-5 (PUD)
APN
WAKC1332012002
UPID
US92-1985033
Jurisdiction
WAUKESHA
Zoning & alternative use
B-5 (PUD) · Waukesha, WI
Zoning B-5 (PUD) · permitted uses
B-5 (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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$905,000
MEDICAL BUILDING
Est. value
$1.7M
RESTAURANT
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$960,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2016
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
Sbv-fox River LLC
Entity
Mailing address
PO BOX 838, WALLED LAKE, MI 48390-0838
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2019
$55,000,000
Sbv-fox River LLC
Rpt Realty LP
Trustees Deed
$22,000,000 · Starwood Mtg Cap
Sep 29, 2015
—
Ramco Gershenson Properties LP
City Of Waukesha
Quit Claim Deed
related
—
Dec 17, 2012
$10,394,300
Ramco-gershenson Properties LP
Opus Dev Corp
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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