Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$18,315,000
Apartment buildings
129th Northfield Dr Menomonee Falls, WI 53051-0516
Entity Owned
7-yr Hold
Free & Clear
Property ID
US92-0612292
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2005
Total area
225,174 SF
Lot
6.68 ac (291,024 SF)
Zoning code
B
APN
MNFV0093947006
UPID
US92-0612292
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.32M
Owner & transaction history
Sabra Il Holdings LLC · 7 yrs held
Sabra Il Holdings LLC
since 2019
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$28,650,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$27,890,000
Change: -14% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$26,925,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$18.32M
Range $16.48M – $20.15M · ±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
$81 / 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
$164,369
Tax year 2023
Assessed value
$14,731,000
Assessed 2023
Previous assessed
$9,022,800
+63.3% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,248,000
Assessed improvement
$13,483,000
Total market value
$15,101,700
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2005
Heating
NONE
Units
143
Total area
225,174 SF
Lot
6.68 ac (291,024 SF)
Zoning code
B
APN
MNFV0093947006
UPID
US92-0612292
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
RETAIL STORES
Est. value
$28.7M
COMMERCIAL (GENERAL)
Est. value
$27.9M
INDUSTRIAL (GENERAL)
Est. value
$26.9M
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2005
Heating
NONE
Units
143
Lot
6.68 ac
Current owner
From public records · entity-resolved
Sabra Il Holdings LLC
Entity
Free & Clear · 7 yrs held
Mailing address
18500 VON KARMAN AVE STE #550, IRVINE, CA 92612-0539
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2019
$9,022,800
Sabra Il Holdings LLC
Sabra Health Care Hldgs III Ll
Grant Deed
—
Oct 22, 2014
$20,351,900
Sabra Health Care Holdings III
Harvest Alta Mira LLC
Grant Deed
—
Jan 3, 2013
—
Harvest Alta Mira LLC
—
Deed Of Trust
related
$58,988,000 · General Electric Capital Corp
Nov 16, 2012
—
Harvest Alta Mira LLC
—
Deed Of Trust
related
$44,925,000 · General Electric Capital Corp
Nov 17, 2010
—
Alta Mira LLC
—
Deed Of Trust
related
$6,276,439 · Dubuque Bk&tr
Dec 7, 2007
—
Francis A Pellowski
Pellowski,francis A & Carita E
Quit Claim Deed
related
—
Jun 26, 2007
—
Lilly Creek LLC
—
Trustees Deed
related
$459,000 · M & I Marshall & Isley Bank
Nov 13, 2006
—
Lilly Creek LLC
—
Trustees Deed
related
$660,864 · M & I Marshall & Isley Bank
Mar 16, 2006
—
Lilly Creek LLC
—
Trustees Deed
related
$653,525 · M & I Marshall & Isley Bank
—
—
Harvest Alta Mira LLC
—
Deed Of Trust
$12,000,000 · General Electric Capital Corp
—
—
Menomonee Falls Land Inv LLC
—
Deed Of Trust
related
$1,080,000 · National City Bank
—
—
Trevor Trimble
—
Deed Of Trust
related
$413,600 · Fremont Investment & Loan
—
—
Trevor Trimble
—
Deed Of Trust
related
$391,920 · Long Beach Mortgage Co
—
—
Trevor Trimble
—
Deed Of Trust
related
$97,780 · Long Beach Mortgage Co
—
—
Trevor Trimble
—
Deed Of Trust
related
$103,400 · Fremont Investment & Loan
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 129th Northfield Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
