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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Commercial real estate
13000 Bluemound Rd Elm Grove, WI 53122-2650
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US92-1128864
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
3,000 SF
Lot
0.73 ac (31,581 SF)
Zoning code
B
APN
EGV 1108981
UPID
US92-1128864
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
-
i.Net Technologies Marketing Agency Advertising Agency Marketing & Advertising
-
CADDCORP Consultant Corporate Office
-
Soul Journey Wellness, LLC Alternative Medicine Practice
-
Howard J Haven Physician Medical Clinic
-
Phlow Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$686k
Blend (final)
Blend
$520k
Owner & transaction history
Blue Mound Road LLC · 9 yrs held
Blue Mound Road LLC
since 2017
7 recorded transactions
Zoning & alternative use
B · Elm Grove, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$610,000
+37.3%
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 Elm Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elm Grove 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
$370,000
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$445,000
Current use
OFFICE BUILDING
$610,000
Change: +37% · Conversion: Easy
RETAIL STORES
$380,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$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
$12,026
Tax year 2023
Assessed value
$940,900
Assessed 2023
Previous assessed
$940,900
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$506,400
Assessed improvement
$434,500
Total market value
$1,041,600
Applied tax rate
23.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Total area
3,000 SF
Lot
0.73 ac (31,581 SF)
Zoning code
B
APN
EGV 1108981
UPID
US92-1128864
Jurisdiction
WAUKESHA
Zoning & alternative use
B · Elm Grove, WIZoning B · permitted uses
B · Elm Grove, 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
COMMERCIAL (GENERAL) Current
Est. value
$445,000
OFFICE BUILDING
Est. value
$610,000
RETAIL STORES
Est. value
$380,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
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
Heating
NONE
Lot
0.73 ac
Current owner
From public records · entity-resolved
Blue Mound Road LLC
Entity
Mailing address
PO BOX 45650, MADISON, WI 53744-5650
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2017
$876,000
Blue Mound Road LLC
Linnell Enterprises Family Limited
Warranty Deed
$613,200 · Two Rivers Bank & Trust
May 30, 2008
—
Linnell Ents Family
Linnell,dennis C
Quit Claim Deed
—
May 25, 2006
—
Linnell Properties III LLC
—
Trustees Deed
related
$400,000 · Ridgestone Bank
Jan 7, 2000
—
Linnell Properties III LLC
Linnell Trust
Quit Claim Deed
related
—
Aug 17, 1998
$800,000
Dennis C Linnell
Lomax,donald P & Denise A
Grant Deed
$650,000 · First Federal Savings Bank La
—
—
Linnell Ents Family
—
Deed Of Trust
related
$560,000 · Associated Bank
—
—
Linnell Properties V LLC
—
Deed Of Trust
related
$215,505 · 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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