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Property profile & analytics
OFF-MARKET
Estimated value
$2,480,000
Warehouses
1242 Lincoln Ave Waukesha, WI 53186-5318
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-0989314
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1917
Total area
2,401 SF
Lot
7.84 ac (341,510 SF)
Zoning code
M-1
APN
WAKC1304919
UPID
US92-0989314
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
-
Copart Sublot Trade Show Venue (Bike/Boat/Book/etc) Store
-
Jones Logistics Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.48M
Owner & transaction history
Lincoln Industrial LLC · 5 yrs held
Lincoln Industrial LLC
since 2021
Last sale
$3.0M
6 recorded transactions
Zoning & alternative use
M-1 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for manufacturing, industrial, and related uses of a limited nature and size, which on the basis of actual physical and operational characteristics would not be detrimental to the surrounding area or to the city as a whole by reason of smoke, noise, dust, odor, traffic, physical appearance, or other similar factors
Zone name
Light Manufacturing
General category
INDUSTRIAL
Zone area
384.36 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$1,033 / 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
$43,309
Tax year 2023
Assessed value
$2,854,000
Assessed 2023
Previous assessed
$1,786,100
+59.8% YoY
Effective rate
1.52%
On assessed value
Assessed land
$1,344,700
Assessed improvement
$1,509,300
Total market value
$2,954,757
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1917
Heating
NONE
Cooling
NONE
Stories
1
Total area
2,401 SF
Lot
7.84 ac (341,510 SF)
Zoning code
M-1
APN
WAKC1304919
UPID
US92-0989314
Jurisdiction
WAUKESHA
Zoning & alternative use
M-1 · Waukesha, WIZoning M-1 · permitted uses
M-1 · 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 manufacturing, industrial, and related uses of a limited nature and size, which on the basis of actual physical and operational characteristics would not be detrimental to the surrounding area or to the city as a whole by reason of smoke, noise, dust, odor, traffic, physical appearance, or other similar factors
Zone name
Light Manufacturing
General category
INDUSTRIAL
Zone area
384.36 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1917
Heating
NONE
Cooling
Yes
Stories
1
Lot
7.84 ac
Current owner
From public records · entity-resolved
Lincoln Industrial LLC
Entity
Mailing address
2116 W CORNELL ST, MILWAUKEE, WI 53209-6318
Ownership since
2021
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
Oct 8, 2025
—
Lincoln Industrial LLC
—
Deed
related
$1,884,000 · Tri City National Bank
Apr 8, 2024
—
Lincoln Industrial LLC
—
Deed
related
$1,000,000 · Home Fsb
Mar 23, 2021
$2,985,000
Lincoln Industrial LLC
1242 Lincoln Ave LLC
Warranty Deed
$2,238,750 · Home Fsb
Jan 4, 2021
—
1242 Lincoln Ave LLC
—
Deed
related
$500,000 · Home Fsb
Apr 2, 2019
$1,700,000
1242 Lincoln Ave LLC
L-e Ix LLC
Warranty Deed
$1,621,396 · Home Fsb
Feb 18, 2013
$776,000
L-e Ix LLC
Pauly Investments INC
Warranty Deed
$582,000 · Bmo Harris 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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