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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Flex space
1201 Dolphin Ct Waukesha, WI 53186-1488
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US92-0589119
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1999
Total area
18,000 SF
Lot
2 ac (87,120 SF)
Zoning code
M-3
APN
WAKC1007034002
UPID
US92-0589119
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
-
FloorQuest Carpet & Flooring Store Hardware & Home Improvement
-
Span Tech Sales & Service Center Material Handling Equipment Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$1.98M
Owner & transaction history
1201 Dolphin LLC · 1 yrs held
1201 Dolphin LLC
since 2024
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
M-3 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.7M
+24.3%
Apartment house (5+ units)
$2.5M
+16.3%
Retail stores
$2.3M
+6.4%
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
$1,700,000
ML approach
$1,845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,150,000
Current use
COMMERCIAL (GENERAL)
$2,675,000
Change: +24% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,500,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$2,290,000
Change: +6% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,145,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±10% · vs last sale $2.15M (May 19 2024)
Last sale anchor
$2.15M
May 19 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
$110 / 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
$19,327
Tax year 2023
Assessed value
$1,274,900
Assessed 2023
Previous assessed
$1,145,500
+11.3% YoY
Effective rate
1.52%
On assessed value
Assessed land
$458,900
Assessed improvement
$816,000
Total market value
$1,319,909
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1999
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
18,000 SF
Lot
2 ac (87,120 SF)
Zoning code
M-3
APN
WAKC1007034002
UPID
US92-0589119
Jurisdiction
WAUKESHA
Zoning & alternative use
M-3 · Waukesha, WI
Zoning 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
Waukesha. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
RETAIL STORES
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.1M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1999
Heating
YES
Cooling
Yes
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
1201 Dolphin LLC
Entity
Mailing address
25 VIA FONTIBRE CT, SAN CLEMENTE, CA 92673-7016
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2025
—
Dolphin LLC
—
Deed
related
$841,000 · Wbd INC
Aug 19, 2024
$2,150,000
1201 Dolphin LLC
Many Rivers Dolphin Ct LLC
Warranty Deed
$1,275,000 · Waukesha State Bank
Dec 21, 2020
—
Many Rivers Dolphin Ct LLC
—
Deed
related
$997,500 · Citizens Bank
Mar 6, 2020
—
Summit R & E Svcs
Kevin M Mcneil
Quit Claim Deed
related
—
Feb 10, 2020
—
Many Rivers-dolphin Ct LLC
Anton O Bolliger
Quit Claim Deed
related
—
Feb 27, 2018
$1,325,000
Antom Billiger
Rab Property II LLC
Warranty Deed
$1,040,000 · Homefed Bk
Jun 26, 2008
$1,123,400
Rab Property II LLC
Rab Property LLC
Quit Claim Deed
related
—
—
—
Rab Propertys LLC
—
Deed Of Trust
related
$100,000 · Associated Bank
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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