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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Manufacturing properties
1338 Ellis St Waukesha, WI 53186-5621
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US92-1224321
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Lot
1.12 ac (48,787 SF)
Zoning code
M-2
APN
WAKC1304992
UPID
US92-1224321
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
-
ETW Inc Industrial Manufacturer
-
Engineer Worx Auto Repair Shop Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.50M
Owner & transaction history
Etw Property LLC
Etw Property LLC
since 2025
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
M-2 · Waukesha, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for manufacturing and industrial development of a more general and less restrictive nature than the M-1 Limited Manufacturing District in those areas where the relationship to surrounding land use would create fewer problems of compatibility, the M-2 District shall not abut directly upon residential districts
Zone name
General Manufacturing
General category
INDUSTRIAL
Zone area
1,179.67 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$15,494
Tax year 2023
Previous assessed
$751,500
Total market value
$1,053,215
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Heating
NONE
Lot
1.12 ac (48,787 SF)
Zoning code
M-2
APN
WAKC1304992
UPID
US92-1224321
Jurisdiction
WAUKESHA
Zoning & alternative use
M-2 · Waukesha, WIZoning M-2 · permitted uses
M-2 · Waukesha, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide for manufacturing and industrial development of a more general and less restrictive nature than the M-1 Limited Manufacturing District in those areas where the relationship to surrounding land use would create fewer problems of compatibility, the M-2 District shall not abut directly upon residential districts
Zone name
General Manufacturing
General category
INDUSTRIAL
Zone area
1,179.67 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
1.12 ac
Current owner
From public records · entity-resolved
Etw Property LLC
Entity
Mailing address
2464 EMSLIE DR, WAUKESHA, WI 53188-2019
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2025
$1,500,000
Etw Property LLC
Lehman Properties Limited Partnersh
Special Warranty Deed
$1,200,000 · Bmo Bank N A
Sep 12, 2022
—
Lehman Properties LP
—
Deed
related
$850,000 · Johnson Bank
Aug 29, 2022
—
Lehman Properties LP
—
Deed
related
$850,000 · Johnson Bank
Jul 11, 2007
—
Lehman Properties
—
Trustees Deed
related
$50,000 · Waukesha State Bank
Nov 27, 2006
—
Lehman Properties
—
Trustees Deed
related
$500,000 · Waukesha State Bank
Sep 21, 2000
—
Lehman Properties LP
Lehman,wayne W & Patricia A
Quit Claim Deed
related
—
—
—
Lehman Properties
—
Deed Of Trust
related
$811,853 · Waukesha State Bank
—
—
Lehman Properties
—
Deed Of Trust
related
$100,000 · Waukesha State Bank
—
—
Lehman Properties LP
—
Deed Of Trust
related
$42,000 · Town Bank
—
—
Lehman Properties LP
—
Deed Of Trust
related
$708,000 · Town Bank
—
—
Wayne W Lehman SR.
—
Deed Of Trust
related
$350,000 · Waukesha State Bank
—
—
Wayne W Lehman SR.
—
Deed Of Trust
related
$31,683 · Waukesha State 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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