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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Flex space
1312 Poplar Dr Waukesha, WI 53188-5961
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-0158149
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1994
Total area
26,870 SF
Lot
1.5 ac (65,340 SF)
Zoning code
M-1
APN
WAKC1327104001
UPID
US92-0158149
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
-
Suburban Drywall Inc Hardware & Home Improvement Interior Design
-
Suburban Custom Finishes Inc Painting Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.62M
Owner & transaction history
Oakland Avenue Associates LLC · 6 yrs held
Oakland Avenue Associates LLC
since 2019
7 recorded transactions
Zoning & alternative use
M-1 · Waukesha, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,630,000
6.5%
$1,505,000
7%
$1,400,000
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±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
$60 / 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
$24,269
Tax year 2023
Assessed value
$1,601,200
Assessed 2023
Previous assessed
$909,500
+76.1% YoY
Effective rate
1.52%
On assessed value
Assessed land
$212,700
Assessed improvement
$1,388,500
Total market value
$1,657,728
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
1994
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
26,870 SF
Lot
1.5 ac (65,340 SF)
Zoning code
M-1
APN
WAKC1327104001
UPID
US92-0158149
Jurisdiction
WAUKESHA
Zoning & alternative use
M-1 · Waukesha, WI
Zoning 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
Waukesha. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Heating
YES
Cooling
Yes
Stories
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Oakland Avenue Associates LLC
Entity
Mailing address
225TH DUPLAINVILLE RD, PEWAUKEE, WI 53072-4491
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
—
Oakland Avenue Associates LLC
—
Deed
related
$2,046,164 · Pointe Drive Real Estate LLC
Sep 24, 2019
$2,800,000
Oakland Avenue Associates LLC
Suburban Properties LLC
Trustees Deed
$2,500,000 · Bmo Harris Bk NA
Sep 13, 2018
—
Suburban Properties LLC
—
Loan Modification
related
$3,500,000 · Westbury Bk
Jun 1, 2017
—
Suburban Properties LLC
—
Loan Modification
related
$4,000,000 · Westbury Bk
May 17, 2017
—
Suburban Properties LLC
—
Loan Modification
related
$4,000,000 · Westbury Bk
Aug 25, 2014
—
Suburban Properties LLC
—
Loan Modification
related
$2,900,000 · Bmo Harris Bk NA
Apr 7, 2009
$875,000
Suburban Properties LLC
Equitable Holding Co LLC
Warranty Deed
—
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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