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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Commercial real estate
13275 Watertown Plank Rd Elm Grove, WI 53122-2215
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US92-0217746
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Total area
4,802 SF
Lot
0.97 ac (42,253 SF)
Zoning code
B
APN
EGV 1106954
UPID
US92-0217746
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
-
Silver Spur Texas Smokehouse BBQ Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$850k
Owner & transaction history
Food Faith LLC · 7 yrs held
Food Faith LLC
since 2018
7 recorded transactions
Zoning & alternative use
B · Elm Grove, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$975,000
+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
by Request
CAP Approach
CAP Return
Estimation
6%
$950,000
6.5%
$880,000
7%
$815,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$710,000
Current use
OFFICE BUILDING
$975,000
Change: +37% · Conversion: Easy
RETAIL STORES
$610,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$850k
Range $765k – $935k · ±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
$177 / 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
$8,028
Tax year 2023
Assessed value
$634,900
Assessed 2023
Previous assessed
$634,900
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$591,500
Assessed improvement
$43,400
Total market value
$702,800
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
Year built
1900
Heating
NONE
Cooling
YES
Total area
4,802 SF
Lot
0.97 ac (42,253 SF)
Zoning code
B
APN
EGV 1106954
UPID
US92-0217746
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
$710,000
OFFICE BUILDING
Est. value
$975,000
RETAIL STORES
Est. value
$610,000
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
Year built
1900
Heating
NONE
Cooling
Yes
Lot
0.97 ac
Current owner
From public records · entity-resolved
Food Faith LLC
Entity
Mailing address
13275 WATERTOWN PLANK RD, ELM GROVE, WI 53122-2215
Ownership since
2018
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
May 31, 2023
—
Food Faith LLC
—
Deed
related
$700,000 · Peoples State Bank
Nov 30, 2018
$950,000
Food Faith LLC
Mtyk Enterprises LLC
Warranty Deed
$739,000 · Byline Bank
Jan 12, 2012
$556,600
Mtyk Ents LLC
Egi INC
Grant Deed
—
Feb 17, 2009
$556,600
Mtyk Ents LLC
Egi INC
Warranty Deed
$349,800 · Waterstone Bank
Dec 16, 2008
—
Egi INC
Mrd Real Estate LLC
Quit Claim Deed
related
—
Jan 2, 2004
—
Egi INC
Strong,john W
Warranty Deed
related
—
Sep 17, 2001
$500,000
Mrd Real Estate LLC
Egi INC
Grant Deed
$500,000 · Egi INC
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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