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Property profile & analytics
OFF-MARKET
Estimated value
$5,205,000
Assisted living facilities
128th Northfield Dr Menomonee Falls, WI 53051-0535
Individually Owned
1-yr Hold
Free & Clear
Property ID
US92-1235661
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2006
Total area
30,028 SF
Lot
4.07 ac (177,289 SF)
Zoning code
B
APN
MNFV0093947008
UPID
US92-1235661
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
$4.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.21M
Owner & transaction history
W128 N6900 Northfield Drive Propco · 1 yrs held
W128 N6900 Northfield Drive Propco
since 2025
Last sale
$5.6M
7 recorded transactions
Zoning & alternative use
B · Menomonee Falls, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Menomonee Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Menomonee Falls 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
$5,000,000
ML approach
$4,625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,960,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,680,000
Change: 0% · Conversion: Difficult
RESTAURANT
$4,305,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$4,045,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$5.21M
Range $4.68M – $5.73M · ±10% · vs last sale $5.59M (May 6 2025)
Last sale anchor
$5.59M
May 6 2025
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
$173 / 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
$62,378
Tax year 2023
Assessed value
$5,593,900
Assessed 2023
Previous assessed
$4,346,400
+28.7% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,267,700
Assessed improvement
$4,326,200
Total market value
$5,734,700
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2006
Heating
NONE
Units
40
Total area
30,028 SF
Lot
4.07 ac (177,289 SF)
Zoning code
B
APN
MNFV0093947008
UPID
US92-1235661
Jurisdiction
WAUKESHA
Zoning & alternative use
B · Menomonee Falls, WIZoning B · permitted uses
B · Menomonee Falls, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.7M
RESTAURANT
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.0M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
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
2006
Heating
NONE
Units
40
Lot
4.07 ac
Current owner
From public records · entity-resolved
W128 N6900 Northfield Drive Propco
Individual
Free & Clear · 1 yrs held
Mailing address
4500 DORR ST, TOLEDO, OH 43615-4040
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2025
$5,593,900
W128 N6900 Northfield Drive Propco
Welltower Landlord Group LLC
Warranty Deed
—
Apr 19, 2016
$4,346,400
Welltower W128 N6900 Northfiel
Welltower INC
Quit Claim Deed
related
—
Jan 18, 2008
—
Crl LLC
—
Deed Of Trust
related
$6,759,700 · Health Care R E Inv Trust INC
May 16, 2006
$962,000
Health Care Reit INC
Menomonee Falls Land Inv LLC
Warranty Deed
—
—
—
Silverado Properties LLC
—
Loan Modification
related
—
—
—
Crl Services LLC
—
Deed Of Trust
related
$252,500 · Health Care R E Inv Trust INC
—
—
Silverado Properties LLC
—
Loan Modification
related
—
—
—
Silverado Properties LLC
—
Deed Of Trust
related
$3,200,000 · Health Care Reit INC
—
—
Silverado Properties LLC
—
Deed Of Trust
related
$15,500,000 · Hcri Illinois Properties LLC
—
—
Silverado Properties LLC
—
Loan Modification
related
—
—
—
Silverado Properties LLC
—
Loan Modification
related
—
—
—
Silverado Properties LLC
—
Loan Modification
related
—
—
—
Silverado Properties LLC
—
Loan Modification
related
$5,500,000 · Hcri Illinois Properties LLC
—
—
Silverado Properties LLC
—
Loan Modification
related
—
—
—
Senior Living Lake Z Silverado
—
Deed Of Trust
related
$2,000,000 · Hcri Illinois Properties LLC
—
—
Senior Living Lake Z Silverado
—
Loan Modification
related
$4,000,000 · Hcri Illinois Properties LLC
—
—
Crl Services LLC
—
Deed Of Trust
related
$1,000,000 · Health Care R E Inv Trust INC
—
—
Crl Services LLC
—
Loan Modification
related
$4,350,000 · Health Care R/e Inv Tr
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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